Top 10 Youngest Billionaires in the World
Dreams do come true, to some at a tender age. At an age where some people are struggling with student debt or trying to think where the next meal will come, others appear to be swimming in troves of cash either inherited or derived from brilliant business ideas.
It only takes one innovative idea to propel one to success. For some, it may be a small stint on Wall Street, or taking their successful tech company public. Millennials are increasingly getting rich by coming up with technologies that change how people engage with one another or live their day to day lives.
What’s more, the U.S boasts of more young billionaires than any other country in the world.
So here’s the who’s who in the world of young billionaires..
Mark Zuckerberg -Net Worth US$73.8 billion
Age 33 Years
Mark Zuckerberg tops the list of billionaires under 35 with an estimated net worth of US$73.8 billion. His wealth is mostly tied to his holdings in social networking giant Facebook. Zuckerberg holds almost a quarter of the total wealth of the other younger billionaires given that he is the CEO of one of the biggest tech companies in the world.
He is also among the top ten richest people in the world, despite being at least two decades younger than the other billionaires globally.
Yang Huiyan- Net worth US$20 billion
Age 36 Years
Yang Huiyan, the daughter of property tycoon Yang Guoqiang, a net worth of US$20 billion is tied to his holdings in property developer, Country Garden Holdings. She became China’s richest person at the age of 25 when his father transferred 70% of his holdings to her. She is currently ranked as China’s richest woman.
Lucas Walton-Net worth US$14.3 Billion
Lucas Walton is the son of John Walton the founder of U.S retail giant Walmart. The junior Walton inherited a sizeable portion of the company when his father died in 2005. It is only until recently that it emerged that Lucas might have inherited twice as much as his mother than initially thought.
It is estimated that the 31-year-old received a 4% stake in Walmart making him the biggest beneficiary of his fathers will.
He was raised in a city where the median income was US$30,000 and almost died when he was 4 years after being diagnosed with a rare form of kidney cancer. Luckily, he survived the ordeal in what his mother Christy Walton credits to a plant and herb-based diet.
Lukas also owns stakes in First Solar and Arvest Bank although he does not work for the companies.
Dustin Moskovitz – Net Worth US$14.1 billion
Age 33 Years
Just like Zuckerberg, much of Dustin Moskovitz’s net worth is closely tied to his early work at Facebook as a co-founder. After leaving the giant social network Moskovitz went on to co-found Asana, a workflow Software Company. However, most of his net worth is tied to his 3% stake in Facebook.
Eduardo Saverin – Net worth US$10.2 Billion
Age 35 years
Eduardo Saverin is one of the four Facebook co-founders with a net worth of US$10.2 billion. His net worth could have been much higher had he not sold some his stakes in the giant social network. Fillings indicate that the Brazilian entrepreneur holds less than 2% stake in the tech giant. Had he retained the more than 30% stake he held in the company, he could have been worth more than US$34 billion now.
Now a resident of Singapore, Saverin has already made investments in Qwiki and Jumio, startups behind online payment service Netswipe.
Next we have the top 5 billionaires under the age of 30.
Alexandra Andresen – Net Worth US$1.2 billion
Alexandra Andresen and Katharina Andresen are sisters with a combined net worth of US$2.4 billion. They joined the billionaire club when their father transferred control of their family’s investment company to them each getting US$1.2 billion. The family is known in Norway for Tiedemann’s a unique brand of tobacco and investment firm Ferd, in which Alexandria owns a 42% stake.
Gustav Magnar Witzoe – Net worth US$1.8 billion
Age 23 Years
Witzoe is another rich kid from Norway with a net worth of US$1.8 billion. Most of his wealth comes from a 47% stake in SalMar ASA equity that he was gifted y his father in 2013. Salmar is one of the biggest fishing companies in the world having led to the industrialization of fish farming in Norway.
Witzoe is trying to move from his father’s and his grandfather’s shadow in the business world, by making bold investments in real estate. He is also learning the ropes as a tech start-up investor.
John Collison – Net Worth US$1.1 billion
Age 27 Years
John Collison is the co-founder and president of Stripe, a payment company that lets people send and receive payments over the internet. The 29-year-old is considered the youngest self-made billionaire, thanks to his holdings in Stripe. His startup processes billions of dollars in transactions per year, in over 25 countries.
Last year, Stripe closed a US$150 million funding round that valued it at US$9.2 billion. Together with his brother Patrick, they previously founded Automatic that helped manage transactions for sellers in e-commerce sites Amazon and eBay.
Evan Thomas Spiegel – Net Worth US$3.8 Billion
Age 27 Years
Evan Thomas Spiegel is the co-founder of social networking giant Snapchat, launched in 2011. He became the youngest public company CEO at 27 when Snap went public in March 2017. Together with Bobby Murphy, they own about 18% of Snap.
Spiegel’s net worth could have been much higher had Snap’s share prices not drop to lows of US$15 a share, below the IPO price of $US17 a share. The young billionaire net worth has since dropped by nearly US$3 billion
Bobby Murphy – Net Worth US$3.5 Billion
Age 29 Years
Bob Murphy (left in picture), like Spiegel, derives most of his wealth from his holdings in Snap as one of the co-founders. His net worth of US$3.5 billion is much more than US$3 billion that Facebook offered for the acquisition of the video-sharing company.