However, since the digital revolution, many people around the world have managed to do it in under 30 years! From family inheritances, family business and technology start-ups, there are now more young billionaires today, than ever before, with the youngest in the world being just 21 years old! So, without further ado, let’s take a look at the 20 youngest billionaires in the world. The list of billionaires and figures mentioned below have been compiled from various sources around the web, such as Investopedia, The Street & Fox Business.These are top 10 youngest billionaires in the world:
1. Lukas Walton
Net Worth: $17.3B
Walton is the only toddler of John T. Walton, the 2nd son of Walmart founder Sam Walton. Lukas was once the biggest beneficiary of his father's will and he is calculated to have received a 4% stake in the Bentonville, Arkansas-based retailer. His mother, Christy, inherited a 2% stake after John Walton died in 2005.
2. Bobby Murphy
Net Worth: $2.4B
Bobby Murphy Net Worth: Bobby Murphy is an American businessman and entrepreneur who has a net worth of $4.2 billion. Bobby Murphy is best known as the co-founder of Snapchat. Bobby met co-founder Evan Spiegel while they were undergraduates at Stanford University. They were Kappa Sigma fraternity brothers at the school. Murphy's mother emigrated from the Philippines and his parents both work for the state of California. The pair started the company Future Freshman in 2010 but not enough people used the site. Murphy joined Twitter in 2009 but has never tweeted. Snapchat is a photo messaging application where photographs and videos are deleted after a certain amount of time. As of May 2014 users of Snapchat sent 700 million photos and videos a day.
Murphy serves as CTO of Snapchat and also oversees the company's engineering and product development. He co-founded Toyopa Group, LLC in 2011. Snapchat was worth an estimated $860 million in July 2013. Facebook and Google have offered to acquire them for up to $4 billion but co-founder Evan Spiegel has declined. On March 2, 2017, Snap Inc debuted on the New York Stock Exchange. The company was expected to go public at $17 per share but actually opened up at $24. On the day of the IPO Spiegel and Murphy each sold 16 million shares resulting in a $272 million pre-tax windfall (roughly $180 million after taxes) for both founders.
3. Patrick Collison
Age: 32 years
Net worth: $3.2B
Country: Ireland .
Patrick Collison (born 9 September 1988) is an Irish billionaire entrepreneur. He is the co-founder and CEO of Stripe , which he began with his youthful brother, John , in 2010. He gained the 41st Young Scientist and Technology Exhibition in 2005 at the age of sixteen.Collison lives in San Francisco, California. The brothers had been worth at least $3.2 billion every after Stripe raised $150 million from CapitalG, an funding division of Google parent's organisation Alphabet, and General Catalyst Partners.In September 2019, it used to be announced that Stripe had raised an addition $250 million at a valuation of $35 billion.Together, the brothers preserve a controlling pastime in Stripe and will be capable to maintain control should the corporation go public.
4. Evan Spiegel
Age: 30 years
Net worth: $2.4B
CEO Evan Spiegel is the youngest billionaire on the forbes 400. He is one of a dozen billionaires on the list who are under 40, but with the Snapchat parent's co-founder and CTO Bobby Murphy turning 30 this year, Spiegel is the only billionaire on the list of America's wealthiest people who is still in his 20s.
5. John Collison
Net worth: $3.2B
John Collison is the 28-year-old Irishman who, alongside his brother Patrick, founded the payments software company Stripe.A Harvard University dropout, Collision is the current President of the company and Forbes values his worth at $2.1 billion.In 2017, then 26-year-old John Collison was named the youngest self-made billionaire in the world with a net worth of $1.1 billion thanks in part to Stripe. His older brother Patrick also joined him among the youngest billionaires in the world, both then worth $1.1 billion.
6. Jonathan Kwok
Net worth: $2.0B
The younger son of late property wealthy person Walter Kwok, Jonathan Kwok is a director at Empire Group Holdings, overseeing the group’s actual estate investments, assignment developments, and asset management operations. The property developer was once established by using Walter Kwok after he was once ousted as chairman of Hong Kong’s greatest developer, Sun Hung Kai Properties (SHKP).The former chairman retained his stakes in SHKP however, which was inherited via Jonathan and his brother Geoffrey. The brothers are also named beneficiaries of one-third of five household trusts held with the aid of their grandmother Kwong Siu-hing, the widow of SHKP co-founder Kwok Tak-seng.
7. Gustav Magnar Witzoe
Net worth: $2.3B
Another Norwegian to make the reduce is SalMar ASA inheritor Gustav Magnar, who became a billionaire at the age of 19 after inheriting 47% of the salmon farming company. His father, Gustav Witzoe, is the founder of the organization and still runs it to this day. On the other hand, the junior Gustav is paving his own direction in property investments and tech startups. He is really worth $2.9 billion as of June 2020.
8. and 9. Sisters Alexandra Andresen and Katharina Andresen
Respective ages: 24 and 25
Net worth: $1.1B
Before Kylie took over the crown in 2019, Alexandra was the reigning youngest billionaire for three consecutive years since 2016, when she was just 19. The Norwegian heiress and her elder sister joined the list after each inheriting 42% of their family-owned investment company, Ferd. Now 24 years old, Alexandra is worth an estimated $1.3 billion and is a three-time junior Norwegian champion in dressage horse riding. Like her sister, the older Andersen came onto the radar in 2016 as the second youngest billionaire (by age). She now shares the same net worth of $1.3 billion as Alexandra. Their father, Johan Andersen still runs Ferd and controls 70% of the votes via a dual-class share structure. Katharina, who graduated from Amsterdam University College, is now based in London where she is attending university.
10. Kylie Jenner
Net worth: $1
Worth: $1 Billion
The youngest billionaire in the world is Kylie Jenner. Kylie is a self-made U.S. billionaire, who’s the founder of Kylie Cosmetics, a U.S. based cosmetic company. Owning a 100% stake in her cosmetic company, her net worth has rocketed to $1 billion in recent years. Using $250,000 from her modelling earnings, Kylie invested in an outside company to produce her first 15,000 lip kits, which she started selling in 2015 for $29.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.Kylie, 21, lives in Hidden Hills, California, and is the youngest billionaire in the world!
Content created and supplied by: kapitaG (via Opera News )