World’s Youngest Billionaire Is a Teenager in Germany: Forbes Ranking
Ehrsam cofounded Coinbase Global in 2012 and left the company in 2017, but held on to about 6% of its stock, accounting for most of his fortune. In 2018 he cofounded Paradigm, an investment firm with stakes in dozens of cryptocurrency companies, including Coinbase and FTX. The Norwegian sisters each inherited 42% of the family-owned investment company Ferd in 2007. Their father Johan still runs Ferd and controls 70% of the voting rights via a dual-class share structure. The Andresen sisters each inherited 42% of Ferd, a Bærum, Norway-based investment company that reels in about $2 billion in annual revenue. The youngest billionaire on the planet is German heir Kevin David Lehmann, who is just 18.
Rather than running the family business, Walton is primarily involved in philanthropy. Ernest Garcia III is the founder of Carvana, an online service that took the used car buying experience from local to national. Both Garcia and his father have become billionaires through the company, with profits surging particularly throughout the pandemic as demand for used cars skyrocketed.
- As the richest and most famous individual on this list, Zuckerberg needs no introduction.
- The company has had notable investors like Elon Musk and Peter Theil.
- Along with being a Danish dressage rider who represented Denmark at two Summer Olympics , Anna Kasprzak owns large number of shares of ECCO, a Danish shoe manufacturer and has a net worth of $1 billion.
- In 1977 Ludwig’s father, Ludwig George Braun, took over the company and grew it to around $8 billion in annual sales.
- He donated $360,000 to Joe Biden’s presidential campaign and its joint fundraising committees in 2020.
Next on the list is Geoffrey Kwok, the oldest son of Walter Kwok, a Hong Kong Developer and former Chairman of Sun Hung Kai Properties. The first youngest billionaire in the world to be featured on our list is Julio Mario Santa Domingo, III. Becoming a billionaire was not really talked about a decade ago, and it took generations to acquire that kind of wealth. Jonathan Kwok, 28, first became a billionaire in his own right after his father, Hong Kong property mogul Walter Kwok, passed away in 2018. Witzoe owns close to half of SalMar ASA, one of the world’s largest salmon producers. Furtwaengler owns 25% of Burda Media Group, which is owned by her father, Hubert Burda.
#10 | Jonathan Kwok
The Norweigan heiress became the world’s youngest billionaire at 19 in 2016 and retained the position of the youngest billionaire on Forbes list for three consecutive years. Lukas became one of the world’s youngest billionaires when his father, John Walton, died as a result of a plane crash in 2005. He inherited one-third of his father’s wealth, which included ownership of American multinational retail corporation Walmart Inc. (which was founded by John’s father Sam Walton).
Kevin David Lehmann owns 50% of Germany’s leading drugstore chain, dm , which brings in over $12 billion in annual revenue. The Kid Laroi overcame a difficult childhood to become Australia’s most successful rapper and is set to become even wealthier from his enormous talent. Best known for his singles “We Paid” and “Grace,” 42 Dugg has become one of the biggest up-and-coming rappers in the music industry. Salmar pioneered the industrialization of fish farming in Norway, enabling the company to make much higher margins and therefore, more profits. Today, the company has more than 60,000 employees worldwide and specialises in producing infusion and injection solutions for surgical instruments.
Most of Moskovitz’s wealth comes from his 2.34% stake in Facebook – the company he helped Mark Zuckerberg co-found at Harvard. He left the company in 2008 and went on to co-found Asana that same year. Wanstrath grew up in Ohio and briefly attended the University of Cincinnati. He helped CNET to develop GameSpot before co-founding GitHub in 2008.
They span the globe, hailing from the U.S., Brazil, Germany, Hong Kong, Ireland and Norway. Witzoe owns nearly half of SalMar ASA, the Norwegian salmon producer his father founded in 1991. Witzoe’s fortune nearly doubled in the past year thanks to SalMar’s strong market performance. Wang inherited a stake worth more than $1.3 billion in CNNC Hua Yuan Titanium Dioxide Co., which trades on the Shenzhen stock exchange.
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Braun Melsungen, a billion-dollar German medical and pharmaceutical device company, which has offices and facilities in over 60 countries. He also inherited a large stake in Sun Hun Kai Properties, from his father, Walter Kwok, and is now worth $1.8 billion. The 34-year-old billionaire inherited a large stake in his father’s company, which increased his net worth to $2.9 Billion. Walton is a grandson of Walmart founder Sam Walton and the son of John Walton, who died in a plane crash in 2005. He inherited one-third of his father’s estate and serves as the chair of the Walton Family Foundation’s environment program committee.
The software development platform was acquired by Microsoft for $7.5 billion in June 2018 (he was the firm’s largest individual shareholder at that point). After stepping down as GitHub’s CEO in 2018, he became a technical fellow at Microsoft. Murphy grew up in Berkeley; his parents both worked for the state of California. His mother grew up in the Philippines, before emigrating to the United States. He studied mathematical and computational science at Stanford University, where he met Snapchat co-founders Evan Spiegel and Reggie Brown.
SOURCE OF WEALTH: STRIPE
With a net worth of $3 billion, Gustab Magnar Witzoe owns 50% stake in Salmar ASA, which is a fish farming company and one of the world’s largest producers of salmon. His father transferred 47% of the company to Gustav in 2013, to allegedly avoid a large inheritance tax bill. As the rich get richer, they also seem to be getting younger and younger. Using data from Forbes’ real-time billionaires’ list, this article profiles 30 of the world’s youngest billionaires – and how they made it to the coveted $1,000,000,000 financial milestone. A judge threw out the Federal Trade Commission’s antitrust lawsuit taking aim at Facebook’s acquisitions of Instagram and WhatsApp in June, but the FTC filed an amended complaint in August. Facebook has faced harsh criticism from the Biden administration about allowing anti-vaccine misinformation to spread on its platform.
Kylie earned her millions with the help of her makeup line and brand endorsements etc.; she got into the limelight when she appeared in her family drama series, i.e., Keeping Up with the Kardashians. Recently she sold 51% of Kylie Cosmetics to Coty for at least $1.2 billion. Gustav Magnar Witzoe is a Norwegian billionaire and significant shareholder of salmon fish farming company Salmar ASA. His mother Barbara serves as a member of the company’s supervisory board.
Belonging to the most talked-about American family, Kylie Jenner became the youngest billionaire of the world at the age of 21, in March 2019 when Forbes estimated her net worth at $1 billion. She’s the founder of the cosmetic company Kylie Cosmetics and one of the top youngest billionaires in the world. The founder of a rapidly growing startup called FTX, which offers a platform for people to buy and sell cryptocurrencies, Bankman-Fried now ninth spot on the world’s youngest billionaires list 2021.
Alexandra Andresen (23 Years)
In fact, there are 15 people around the globe who boast a three-comma fortune despite being 30 years old or younger. Lukas Walton is the son of John T. Walton, whose father is the owner and founder of the famous supermarket Walmart. Lukas’s net worth is estimated to $16 billion in 2021 by Forbes. He is serving as a director in their family-owned charity foundation. Many people are active users of Snapchat & Bitmozi etc., all thanks to Evan Spiegel and his friends. They founded Snap Inc. in 2011, and since then, it is loved by its users.
Katharina, 23, is a Norwegian heiress that inherited 42% of Ferd, which is the Ferd families investment company. Jonathan also inherited his father’s stakes in Sun Hun Kai Properties and is now worth $2.3 billion at just 30 years old. Patrick is the co-founder of Stripe, an American payment technology company based in San Francisco, California.
Jonathan Kwok is a director at Empire Group Holdings, a property development and investment company. Collison is the cofounder and CEO of Stripe, an online payment processing platform for internet businesses. Of the 15 youngest billionaires, six are women, four are American, and nine are European. They span ages 22 to 33, and only four are under the age of 28. Sooner or later, everyone will reach the milestone they have set for them.
Blecharczyk cofounded the vacation rental company in 2008 with Chesky and Gebbia, both now 40 years old. In August, Airbnb announced it would provide free temporary housing to 20,000 Afghan refugees. In September, he announced he’s moving FTX’s headquarters from Hong Kong to the Bahamas, where there is more regulatory clarity around crypto trading. The exchange is becoming a familiar name even to crypto neophytes. Save for Mark Zuckerberg, no one has ever gotten this rich this young. About half of his fortune is tied up in FTX’s FTT tokens, which help users make trades and get discounts on the exchange.
Said’s father, Mikhail Gutserview, gave Said stakes in oil, coal, retail and financial companies, which increased his net worth to $1.3 billion. Eva Maria Braun-Luedicke is currently 32 years old and worth $1.2 billion. In 2017, André joined ECCO’s supervisory board and now has a net worth of $1 billion. ECCO was founded by Andrés farther and has grown to have more than 2,000 stores worldwide, plus a major e-commerce outlet, which enables them to sell their shoes in over 90 countries. André Kasprzak owns a large number of shares in ECCO, a Danish shoe manufacturer.
- His Czechoslovak Group is one of the biggest suppliers of ammunition, ground equipment and artillery equipment to the Ukrainian army, which has helped double sales to $620 million in the first half of 2022.
- In 2018 he cofounded Paradigm, an investment firm with stakes in dozens of cryptocurrency companies, including Coinbase and FTX.
- His mother Barbara serves as a member of the company’s supervisory board.
- Fish farming may seem like a niche industry, but it is one of Norway’s largest industries.
- The first youngest billionaire in the world to be featured on our list is Julio Mario Santa Domingo, III.
- He and his three siblings inherited their wealth from their father, Dan, who founded gas and oil pipeline company Enterprise Products Partners.
Aiming to be a poster boy for “effective altruism,” Bankman-Fried is intent on making as much money as possible so he can give away as much as possible where it’s most needed. He hasn’t ramped up his giving yet, instead investing profits back into his business to grow his wealth even more. DoorDash, the food delivery app Fang and Tang cofounded in 2013, became more prevalent than ever during the pandemic as restaurants and customers pivoted to delivery. Fang previously served as the company’s chief technology officer, while Tang was the chief product officer. MIT grad and former Wall Street trader Sam Bankman-Fried, 29, who founded and runs two crypto firms, Alameda Research and FTX, is by far the wealthiest twenty-something, with a net worth of $8.7 billion. FTX, a crypto derivative exchange, has proven to be particularly lucrative.
Four billionaires under 30—all self-made—are newcomers this year. Richest among them is Gary Wang, age 28, the cofounder and chief technology officer of Bahamas-based cryptocurrency exchange FTX. The Brazilian-born founders, ages 25 and 26, respectively, are now worth an estimated $1.5 billion apiece.
John Collision, 28, was born and raised in the countryside of Ireland close to Limerick, along with his older brother and co-founder of Stripe, Patrick Collison. Anna is currently only 29 years old and worth $1 billion, which makes her the eighth youngest billionaire in the world. Since Snap Chats success, Murphy has invested roughly $30 million into real estate and still owns about 18% of Snap Chat Inc.
Mateschitz is the richest of all 150 newcomers to the 2023 billionaires list. He youngest billionaires on the planet haven’t even been alive for three decades, but that hasn’t stopped them from amassing three-comma fortunes. Twelve people under the age of 30 made Forbes’ 2022 list of the World’s Billionaires, including four Stanford dropouts, two food delivery magnates and a cryptocurrency whiz. Together, this rarefied group is worth $25.8 billion and represents less than half a percent of the 2,668 billionaires Forbes found this year. Similarly to Bobby Murphy, Snap CEO Evan Spiegel became wealthy as a cofounder and stakeholder of the company behind social media goliath Snapchat.
As the co-founder and CEO of Snap Inc., Spiegel has 48% voting power and ownership of 18% of the company. Since then, Kylie sold an estimated $360 million worth of Kylie Cosmetics in 2018, which helped the company reach a valuation of at least $900 million. Owning a 100% stake in her cosmetic company, her net worth has rocketed to $1 billion in recent years. Kylie is a self-made U.S. billionaire, who’s the founder of Kylie Cosmetics, a U.S. based cosmetic company.
In 1977 Ludwig’s father, Ludwig George Braun, took over the company and grew it to around $8 billion in annual sales. Anna Kasprzak is the younger sister of André Kasprak and a large shareowner of ECCO, a Danish shoe manufacturer. 31-year-old, Said Gutserviev is a Russian entrepreneur and CEO of FortreInvest JSC, an oil holding company, as well as being the co-owner of Industrial and Financial Group SAFMAR. Lukas Walton has been very generous with his fortune, donating at least $149 million to his family’s namesake foundation.
young billionaires in world is the co-founder of a social media company, Snap Inc., which is the maker of the popular smartphone app, Snapchat. He created the app along with his fraternity brother, Evan Spiegel while attending Stanford University. The California native now serves as the company’s chief technology officer and has a net worth of $3.7 billion. The fortunes of Snapchat’s cofounders more than tripled since last year’s list as shares of the social media app soared to record highs. Snapchat introduced its Spotlight feature last November to compete with TikTok, cultivating other users’ videos in a new feed and implementing a marketplace to pay popular content creators. Snap raked in a record $982 million of revenue in the second quarter this year.