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Mashable founder Pete Cashmore reckoned to be worth £60 million

Scottish internet entrepreneur, Pete Cashmore, who as a teenager set up a website that now attracts 20 million visitors, is among the UK’s richest people.

Cashmore, 26, from Banchory, near Aberdeen, set up the website Mashable at 19, tracking developments in the internet, gadgets and computer technology.

According to the new Sunday Times annual Rich List, Cashmore is now worth £60 million which makes him the 84th wealthiest person in Scotland, and the seventh richest person under the age of 30 in the UK.

On the UK media front, the reclusive Barclay brothers, who bought the Telegraph Group in 2004 for £665 million, and once owned The Scotsman, are rated at N0 26 in the UK Richest List, with an estimated fortune of £2.2 billion.

Welsh-born Michael Moritz, who last year successfully floated Linkedin, the networking site for business people, is rated at No 70 with an estimated fortune of £1.082 billion. Moritz turned an £8 million investment in Google into a stake that was worth £6.3 billion.

Richard Desmond, who owns the Northern & Shell Media Group, which includes the Express newspaper titles and Channel 5, comes in at No 73, with a £1 billion rating, while Viscount Rothermere, whose family own the Daily Mail & General Trust, is placed at No 99 with estimated wealth of £760 million.

In Scotland’s richest 100, the Thomson family, who own the DC Thomson publishing empire in Dundee, are ranked at No 7, with an estimated wealth of £700 million.

Featured by The Drum

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