Most of the billionaires in the world are actually quite old. It is reasonable to assume that it takes a long time to amass that sort of wealth.
However, as startups become more popular and entrepreneurs are able to find success through more avenues, younger billionaires have also become realistic.
Of course, not everyone is a self-made billionaire.
In fact, you’ll see that more often than not, some of the richest people in the world have actually inherited their fortune. So, let’s get started and look at the top 10 youngest billionaires in the world!
10. Lukas Walton, 32
We are starting with the eldest among the top 10 youngest billionaires. He became a billionaire after the passing of his father in 2005, inheriting his wealth and assets. Lukas Walton is actually the grandson of Sam Walton; does that name sound familiar? Well, it is because he’s the founder of Walmart! His inheritance included receiving 1/3rd of his father’s estate and aside from that, he has shares in various entities such as Walmart, First Solar, and Arvest Bank.
9. Patrick Collison, 30
He along with his brother are self-made billionaires. While attending Harvard, the two of them created an online payment service known as Stripe. The most notable Stripe investors are Elon Musk and Peter Thiel. Back in November 2016, Stripe was able to accumulate $150 million in a funding round. This round valued the company at $9.2 billion.
8. Bobby Murphy, 30
Murphy is the co-founder of Snap Inc. along with Evan Spiegel. Yes, this is the entity that runs Snapchat. Just like the Collison brothers, Spiegel and Murphy began working on Snapchat while they were still attending university as students of Stanford. At present, he is the Chief Technology Officer for Snap. His status as a billionaire was confirmed when Snap Inc. was listed on the NYSE in 2017. His net worth amounts to $2.2 billion.
7. Ludwig Theodor Braun, 29
Braun’s fortune can be attributed to his 10% ownership shares in the German firm B. Braun Melsungen. When the company was founded, it used to sell herbal remedies, but since then, it has moved on to selling medical equipment. The company actually came under his father’s control in 1977 when its total revenue was $24 million. More recently, the number has spiked up to $7.9 billion. His total net worth is $1.1 billion.
6. John Collison, 28
This is the younger brother of Patrick Collison. The two Irish-born brothers developed their business Stripe while they were attending university. Stripe is an online payment service that enables businesses to connect with various websites and apps in order to connect to credit card and banking systems. This allows a convenient channel for making payments. This service has been so successful that the company’s value is $20 billion according to recent reports.
5. Evan Spiegel, 28
Along with Bobby Murphy, he is the co-founder of Snap Inc., the company behind Snapchat. He met Murphy while both of them were attending Stanford and started developing the app together. Snapchat’s success is well-documented and easily observed, so it is not surprising that his total net worth amounts to $2.2 billion. Just like Murphy, he was verified as a billionaire once Snap Inc. became a publicly listed company on the NYSE. Both co-founders presently have an 18 percent ownership stake individually in the company.
4. Gustav Magnar Witzoe, 25
Salmar ASA is one of the largest salmon producers in the world, and Witzoe owns roughly half of it. The ownership stake was given to him by his father in the year 2013. While the day-to-day management of the company is handled by his father, he himself has pursued more diversified investments, such as in tech startups and real estate. Gustav Magnar Witzoe’s total net worth is known to be $2.9 billion.
3. Katharina Andresen, 23
She and her sister Alexandra are the heiresses to their family-owned business Ferd. Ferd deals with hedge funds and has its own private equity investments. She inherited 42.2 percent of the family business in 2007, making her one of the top 10 youngest billionaires in the world. Her net worth accumulates to $1.4 billion. Some years back, there were news stories about her because she was fined for drunk driving.
2. Alexandra Andresen, 22
Being one year younger than her sister, of course, she is also included here. Just like Katharina, she inherited a 42.2 percent stake in the family business, Ferd. While she and her sister have their respective shares, the actual management of the company is still handled by their father, Johan H. Andresen Jr. For quite some years now, she and her sister were the absolute youngest billionaires in the world, but now Kylie Jenner has overtaken them.
1. Kylie Jenner, 21
Being one year younger than Alexandra Andresen positions her as the youngest billionaire in the world. At present, she has also become a billionaire in the fastest amount of time, beating Mark Zuckerberg who became a billionaire at 23. Her claim to fame is reality television, but her status as a billionaire is the result of her highly successful cosmetics brand. Her stable fanbase has helped her stay relevant and maintain popularity, which has benefitted her cosmetic brand as it has skyrocketed in value over a mere 3 years.
And there is the list of top 10 youngest billionaires in the world! As you can see, there are actually quite a few people who break the mold of the standard “older billionaire” stereotype.
Of course, it is always interesting to see how much success some people are able to achieve in their lives, though that only applies to the self-made billionaires on the list.
A lot of the people listed here inherited their fortune and in their case, I suppose it is interesting to see how some people are just luckier than others. Share your thoughts with us, We’re listening.