5 new tech billionaires emerge amid AI boom on Forbes 2025 list

By Phong Ngo   April 3, 2025 | 09:18 pm PT
The surge in artificial intelligence has launched a fresh wave of tech entrepreneurs into the global billionaire ranks, with the founders of DeepSeek and Alphabet's CEO among the newcomers on Forbes’ 2025 World’s Billionaires list.

Here are 5 of the most standout first-time tech billionaires, ranked from lowest to highest net worth:

Liang Wenfeng, 40

Net worth: $1 billion

Source of wealth: AI, hedge fund

Founder of the A.I. Start-Up DeepSeek Liang Wenfeng. Photo from Facebook

Founder of the A.I. Start-Up DeepSeek Liang Wenfeng. Photo from Facebook

Liang founded DeepSeek in 2023 and gained global attention in January 2025 after launching an AI model said to rival OpenAI’s ChatGPT at a much lower cost.

The Chinese man, who hasn’t taken on any outside investors, funded DeepSeek in part with his profits from High-Flyer Capital Management, the quantitative trading hedge fund he cofounded in 2015 with two college classmates.

Sundar Pichai, 52

Net worth: $1.1 billion

Source of wealth: Google

Google and Alphabet CEO, Sundar Pichai. Photo courtesy of Pichais Instagram

Google and Alphabet CEO, Sundar Pichai. Photo courtesy of Pichai's Instagram

Pichai, CEO of Google and its parent company Alphabet since 2019, owns just 0.02% of the company.

A recent 30% increase in Alphabet's stock—fueled by the success of its Gemini 2.0 AI model—helped push the India-born executive over the billionaire threshold for the first time.

Yao Runhao, 37

Net worth: $1.3 billion

Source of wealth: Online games

Founder of Paper Games studio, Yao Runhao. Photo from X

Founder of Paper Games studio, Yao Runhao. Photo from X

Yao founded Paper Games, a Shanghai-based studio behind Love and Deepspace, an AI-powered dating simulation game that launched in January 2024.

The hit game now boasts around six million monthly users and accounts for over 80% of the studio’s $850 million in annual revenue.

An avid gamer since he was a kid, the Chinese man and his now-wife once launched a mobile fashion game together.

Phil Shawe, 55

Net worth: $1.8 billion

Source of wealth: Translation services

Founder and CEO of TransPerfect Phil Shawe. Photo from Instagram

Founder and CEO of TransPerfect Phil Shawe. Photo from Instagram

Shawe co-founded TransPerfect back in 1992 in a college dorm. Following a prolonged legal dispute with his former co-CEO and ex-girlfriend, the U.S. man gained full control of the company in 2018.

Today, TransPerfect earns over $1.3 billion annually, offering AI-powered translation services to major clients like Microsoft and the U.S. Department of Justice.

Alexandr Wang, 28

Net worth: $2 billion

Source of wealth: Artificial intelligence

Alexandr Wang, world youngest self-made billionaire and co-founder of Scale AI. Photo courtesy of Wangs Instagram

Alexandr Wang, world youngest self-made billionaire and co-founder of Scale AI. Photo courtesy of Wang's Instagram

Wang is the world’s youngest self-made billionaire at 28. His company, Scale AI—which provides data labeling services to tech giants like OpenAI, Meta, and Google—was valued at nearly $14 billion after a $1 billion funding round in May 2024.

A New Mexico native, Wang began working in Silicon Valley at 17, dropped out of MIT at 19, and founded Scale through Y Combinator.

 
 
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