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If you've ever wondered what it's like to be the youngest billionaire in America, you're in luck: Umaro Bacon, 37, is the youngest person ever to hold the title, Forbes reports.
He's worth an estimated $10 million, thanks in large part to his marketing and branding firm Bacon Marketing Group, which has worked with such big-name clients as Nike and Pepsi.
Bacon also makes money through investments in real estate and other businesses, according to Forbes.
He's also an author, motivational speaker, and board member of several non-profit organizations, including the American Cancer Society and the United Way.
Bacon was born in Philadelphia and grew up in a family of entrepreneurs, according to Forbes.
He attended the University of Pennsylvania, where he studied business and marketing, and went on to work in several marketing and branding firms before starting his own company.
He's also the founder of the Umaro Bacon Foundation, which provides support to underprivileged children and families, as well as fundraising for cancer research and disaster relief.
He's a firm believer in the power of hard work and perseverance, and encourages others to pursue their dreams with the same level of dedication.
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Foundation: Central Valley Community Foundation
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Spotlight
Is Corporate Philanthropy Dead?
Senay Ataselim-Yilmaz, Chief Operating Officer, Turkish Philanthropy Funds, writes that philanthropy often solves the very problems that stems from market failure. Some social issues, however, Â cannot be tackled by questioning the return on investment.