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He' s 24 years old. He parties with Rihanna and Bella Hadid. He watches basketball games with Yao Ming. And on Tuesday, he became a billionaire. Eric Tse, who recently graduated from the University of Pennsylvania' s prestigious Wharton School of Finance, was gifted about $3.88 billion in his family company' s shares on Tuesday. Tse' s parents are both executive directors of Sino Biopharmaceutical Limited, and on Tuesday they gave him a fifth of the company' s total issued shares " as a gift at nil consideration," according to a company statement. Tse, who is from Hong Kong, is the latest member of Asia' s booming billionaire club -- but apparently wants no part in the wealth rankings. The company statement said " he will endeavour not to participate in such rankings in his own name, and would recommend participating in such nominations in the name of the Tse Ping family."
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