15 Big Data Billionaires

Inspired by an article by Bernard

Marr published in Forbes

BIG DATA

15

BILLIONAIRES

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The California Gold Rush may have started in 1848….

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….but a look at this Rich list today will show us that

‘Data’ is the new age gold.

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Travis Kalanick, Uber

Uber stores and monitors data on every journey its users take, and

mines it to determine demand, allocate resources and set fares.

The in-depth analysis on this data enables them to focus coverage

in poorly-served areas and provide links to buses and trains.

The college dropout CEO with a net worth of $5.3 billion.

Kalanick claims that thenew UberPool service,which analyzes ride datato set up car sharingarrangements, could cuttraffic on the streets ofLondon by a third!

Image by uber.com

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Brian Chesky, Airbnb

24 million bookings have been made in 34,000 cities since the

service launched in 2008. That’s an estimated half a petabyte of

data on people’s holiday and traveling habits.

Enabling them to sign up landlords in popular destinations to

optimize their global network of properties.

Hasn’t owned a home since 2010, almost continuously using his own service, which connects travelers with property owners willing to offer short term lets.

Chesky Has just unveiledAirpal - a user-friendly dataanalysis platform designedto allow all of itsemployees, to accesscompany’s information andgain meaningful insights.

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Vincent Viola, Virtu Financial

Virtu uses algorithms to make thousands of trades,

profiting often from tiny movements in price.

Relies heavily on vast datasets culled from the world

financial markets.

Founded the high-frequency trading (HFT) specialist Virtu in 2008, and currently has an estimated net worth of $1.7 billion.

Virtu announced that it had only suffered one day of overall trading loss in the past five years – attributing this success to its real-time risk management strategy and technology.

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Evan Spiegel and Bobby Murphy, Snapchat

Snapchat has successfully evolved with the inclusion of

data-driven features. The first big iterative step towards

this being the launch of “Stories”.

This lets users string together all of their snaps from the

last 24 hours into a single, fluid narrative.

At 24 and 25, Spiegel and Murphy are the youngest newcomers to the rich list. They made headlines by turning down a $3 billion offer from Facebook for their social picture sharing app.

Snapchat started with a gimmick – there were lots of picture messaging services but they were the first to spot that not everyone might want the pictures they send to friends to remain visible forever.

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Alexander Karp, Palantir

Palantir uses Big Data to predict uses big data algorithms to combat

terrorists and financial fraud around the world.

Draws together data from DNA databases, surveillance records

showing movements, social media data and tip-offs from informants.

Processes this data to predict everything from the placement of

roadside bombs to fraudulent transactions.

Karp built Palantir with the help of the CIA and prides at the US Government.being their biggest customer.

Initially concentrating on security and anti-terrorism for government clients, Palantir now casts its net much wider and offers its services to the financial and pharmaceutical industries.

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Reed Hastings, Netflix

Netflix is analyzing detailed viewing data from its 55+ million

subscribers to not just optimize their recommendations but

also to find the next ‘House of Cards’ blockbuster.

Predicting what you will want to watch next is the primary goal

of Netflix’s data strategy.

Netflix started out as a DVD-by-mail business; but today, Reed has an estimate net worth of $1 billion

Netflix has employed teams of movie buffs to scour years’ worth of film and TV and tag the common themes they contain.

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Jeff Bezos, Amazon.comApart from being the Founder and CEO of the world’s biggest E-commerce company, Amazon.com,

Bezos owns a private rocket ship company called Blue Origin and has net worth of $34.7 Billion.

Amazon makes $83000 in online sales per minute. With

roughly 244 Million users, they generate huge data.

Amazon used and analyzed this data, giving it’s

employees the right tools to let their customers know,

they care.

Amazon lays so muchimportance on customerexperience that everyemployee spends two daysevery two years on theservice desk handlingcalls. Even the CEO!

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Tesla telematics records and sends diagnostic system data,

wirelessly to their corporate offices for real-time analysis.

This data tells them when brake pads are going to wear out, how

far people are getting on a single charge to the battery and the

most logical place to build the next charging station. Analyzing this

data predicts an integral part of how they do business.

Elon Musk, Tesla MotorsEntrepreneurial Wizard with an estimated net worth of $11.9 Billion. Founder of PayPal, Tesla

Motors, SolarCity and SpaceX - all extraordinary companies in four completely different industries.

Elon Musk shocked thebusiness world by revealingthat Tesla Motors will notinitiate patent lawsuitsagainst anyone who usestheir technology in goodfaith.

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Reid Hoffman, LinkedInInternet entrepreneur, author and venture capitalist with a net worth of $4.7 Billion. Co-founded

LinkedIn in his living room in 2002.

LinkedIn generates tons of data which they call Internal Datasets with

information regarding members profiles, connections, posts and

other activities on the platform.

The combined volume of data in these pipelines is in hundreds of

terabytes per day. This data helps them track important events and

stream them through their central activity pipeline.

What started of in Hoffman’s living room by inviting 350 contacts to join his network, has redefined social networking today with over 350 Million members, and two new members joining every second.

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Larry Page and Sergei Brin, Google

Google receives over 2 million queries per minute and takes over 200

factors into consideration before delivering the best results to any

query in a fraction of a second.

With a data analytics tool called “Mesa”, Google can hold petabytes

of data, update millions of rows of data per second and field trillions

of queries per day. Mesa also stores and analyzes critical

measurement data for its Internet advertising business.

The two of the most powerful people in the world. Founded “Backrub” as part of their PHD project in Stanford, which later became Google in 1998.Larry and Sergei has net worth of 30.2 Billion and

29.7Billion respectively.

Google is truly customer centric ina way that it takes on moonshotsprojects that could change theworld for millions of people.However, it also takes onimportant projects that matteronly to a small number of peoplesuch as introducing the NativeAmerican Indian Iroquoian“Cherokee” language in Gmail.

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Robin Li, Baidu

Baidu launched a visual map which shows that 3.6 billion trips made

by people during the 40-day Lunar New year period, biggest national

holiday of the country.

Baidu analyzed data on the system to establish the top destinations

people love travelling. Simple insights like this are the evidences for

the importance of Big Data.

Co-founder of Baidu, the well known Chinese Search Engine, with a net worth of $14.7 Billion making him the second richest man in Mainland China.

Baidu is building the world’slargest computer cluster toimprove image recognition asonline queries move away fromtext. With over “100 billiondigitally simulated neuralconnections,” this cluster isexpected to be 100 times morepowerful than “Google Brain.”

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Alibaba stores and analyses years of merchant and customer-behavior

records – to help its small-loan business determine whether customers

that use the Alibaba sales platform are a good credit risk.

They analyze every user's purchase habits from their transaction

records and other related information. Data mined is so

comprehensive that it throws insights even on ‘which customers have

children?’.

Jack Ma, Alibaba GroupFounder of Alibaba Group, who once failed to get a job in KFC. He is the first mainland Chinese

entrepreneur to appear on the cover of Forbes with a net worth of $22.2 Billion.

Alibaba is truly the go-to-place to buy almost anything. Want custom-made motors for your drones? No problem. Want live scorpions? You're covered. Want a piece of land worth $52 million in Kunshan, Jiangsu province? Here you go..

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Tencent has over 800 million active users, with their data systems

ingesting 700 TB of data per day. They analyze this data to derive

insights on ad optimization, business intelligence, personalization, and

recommendations.

Tencent launched China’s first online-only bank, WeBank early this year

and uses the Big Data advantage to analyze and evaluate the credit

risk of small borrowers.

Ma Huateng (Pony Ma) , Tencent IncFounder of Tencent Inc., one of the largest internet companies in China, Pony Ma is one of the

most influential entrepreneurs of China. He has an estimated net worth of over $14Billion.

Tencent is close to overtaking Facebook. Currently, the combined number of users for WeChat and QQ is estimated at 1.054 billion, which is only around 200 million less than Facebook’s user base.

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