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Grizzly Bulls’ Billionaires Index

⬅ # 525 Ding Shijia|# 527 Tom Golisano ➡

# 526 Yuri Milner 

$5.73B

Real Time Net Worth
as of 7/25/2024

# 526 Yuri Milner 

$5.73B

Real Time Net Worth
as of 7/25/2024
OccupationPartner, DST Global
Source of WealthTech Investments
Age62
ResidenceLos Altos, California
Marital StatusMarried
Children3
EducationMS, Moscow State University; Drop Out, University of Pennsylvania, The Wharton School
Age-Adjusted Net Worth$5.00B
Yuri Milner
Yuri Milner
Israel
Net worth: $5.73B

Self-Made Score 

Wealth History

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Biography

Early Life and Citizenship

Yuri Borisovich (Bentsionovich) Milner was born on November 11, 1961, in Moscow, into a Jewish family.
He became an Israeli citizen in 1999 and renounced his Russian citizenship in August 2022.

Education

Studied theoretical physics at Moscow State University, graduating in 1985.
Earned a Master of Business Administration (MBA) from the Wharton School of the University of Pennsylvania in 1990.

Business Career

Started his career selling gray market DOS computers in the Soviet Union.
Worked at the World Bank in Washington, D.C. in the early 1990s.
Founded NetBridge in 1999, which later became Mail.ru Group.
Established Digital Sky Technologies (DST) in 2005, known for investments in Facebook, Twitter, Spotify, Alibaba, and others.
Founded the Breakthrough Prize Foundation in 2012, recognizing achievements in fundamental science and mathematics.

Philanthropy

Founded the Breakthrough Prize Foundation in 2012, launching Breakthrough Prizes and joining the Giving Pledge.
Launched Breakthrough Initiatives in 2015, funding projects like Breakthrough Listen and Breakthrough Starshot for space exploration.
Donated millions to Israeli institutions for COVID-19 relief efforts and provided face masks for essential workers during the pandemic.
Contributed tens of millions of dollars in support of Ukraine during the Russian invasion, aiding humanitarian relief efforts and refugee support initiatives.

Personal Life

Married to Julia Milner, a former high fashion model and contemporary artist.
Owns a $100 million home in Los Altos Hills, California.
Attends synagogue but is minimally religiously observant.
Believes in the development of the Internet into a 'global brain' and envisions increasing collective intelligence.

How long would it take you to become as rich as Yuri Milner?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Yuri Milner's net worth of $5.73B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 52.22% compared to 16.62% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Yuri Milner is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Yuri Milner, Tech Investments is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey