Every day, the wealthiest people in the world tend to accumulate wealth at a remarkable speed. However, it can be astounding to discover a list of the youngest billionaires who have also amassed wealth. You will find a dynamically updated and real-time listing of the ten youngest billionaires in the world today.
Most of these tycoons are self-made billionaires who made their fortunes through innovative companies. In contrast, others inherited their not-so-small fortunes from their wealthy parents.
You are probably thinking about who will be on this list. Let’s dive in!
List of top ten youngest billionaires
- Sam Bankman-Fried
- Stanley Tang
- Gary Wang
- Ryan Breslow
- Gustav Magnar Witzoe
- Austin Russell
- Katharina Andresen
- Alexandra Andresen
- Pedro Franceschi
- Kevin David Lehmann
1. Sam Bankman-Fried
Sam Bankman-Fried is the co-founder and CEO of FTX, a Hong Kong-based cryptocurrency exchange with a market capitalization of $32 billion. At 30, he remains the richest man in the world of cryptocurrency. In 2014, Bankman-Fried earned a physics degree and went on to work for the Wall Street trading firm. The Californian billionaire later created Alameda Research, a quantitative cryptocurrency trading firm.
Alameda Research made a lot of money by exploiting price differences in the global market. He then went further to create his own foreign exchange company, FTX. When it comes to trading cryptocurrency futures, it is still one of the most used platforms. The exchange company and its U.S. operations are currently valued at $40 billion. He is now one of the youngest billionaires globally, with a net worth of $24 billion.
2. Stanley Tang
Stanley Tang is one of the youngest billionaires in the world, and he was born in 1992. The IT entrepreneur grew up in Hong Kong. Stanley Tang leads DoorDash Labs in studying robotics, autonomous systems, and the future of last-mile delivery as Chief Product Officer and Co-Founder. He is mainly known as the co-founder of DoorDash, founded in 2013.
He began developing websites for himself and his pals at the tender age of three when he first went on a computer. Since then, he has built a slew of websites, launched a slew of profitable goods, and amassed tens of thousands of dollars over the web. He works with his partners, Tony Xu, Andy Fang, and Evan Moore. He currently has a net worth of $1.2 billion.
3. Gary Wang
Gary Wang is one of the 10 youngest billionaires in the world who was born in 1993. He received his first full-time job out of college as a salesman. After that, he went on to co-found and serve as chief technologist of the cryptocurrency exchange FTX. He graduated from MIT. Moreover, he later moved to Hughes Electronics, where he worked in various engineering roles.
In addition, he spent a good chunk of time at Google, where he developed algorithms to aggregate airfare for millions of flights. Wang, who owns about 16% of the business and has a net worth of $5.9 billion, became one of the youngest billionaires after launching FTX in 2019 with fellow billionaire Sam Bankman-Fried. FTX was currently a leading exchange for buying and selling crypto derivatives.
4. Ryan Breslow
Ryan Breslow is a newly minted billionaire aged 27. He left Stanford in 2014 to launch the payment company popularly known as Bolt. For this reason, he became executive chairman after resigning as CEO in January 2022. Bolt, founded by Breslow, has raised $1.3 billion, with $355 million coming in January 2022 alone, bringing the total funding to $11 billion. Because of his promise of millions of internet stores, he has really attracted investors like BlackRock, General Atlantic, and SAP.
Today, the newly minted billionaire is making a lot of noise and attracting influential critics by questioning the tech industry’s culture. Breslow is determined to prove that Bolt is more than a flash in the pan and is more than just a lightning rod. He currently has a net worth of $2 billion. That makes the sound of the youngest billionaires in the world!
5. Gustav Magnar Witzoe
Gustav Magnar Witze is another competent person on our list of youngest billionaires in the world. He is a Norwegian businessman and one of the youngest billionaires in the world. Salmar ASA, one of the world’s major salmon-producing companies, is approximately half-owned by Gustav Magnar Witzoe. He is only 27 years old and has a net worth of 5.2 billion dollars, making him one of the richest persons in the world.
In Norway, Salmar has been a pioneer in the industrialization of fish farming, leading to greater margins and more refined cuts of the product. He became a millionaire at the age of 19 after inheriting his father’s fortune. He is putting his money into real estate and computer firms in the hopes of becoming famous.
6. Austin Russell
Austin Russell has made history by becoming one of the world’s youngest billionaires. He had a long history of notable accomplishments prior to becoming the world’s youngest billionaire. Despite getting a $100,000 stipend for his lidar invention, he decided to drop out of Stanford University’s physics program after being admitted. The majority of his expertise was acquired from online resources like Wikipedia and YouTube.
Following his fellowship, he founded Luminar Technologies, which creates sensors for self-driving cars. His company’s first investor was none other than PayPal co-founder Peter Thiel, who saw his potential early as 2012. Austin Russell is 27 years old with a current net worth of $1.6 billion.
7. Katharina Andresen
Katharine Andersen was born in 1995. Because she is Johan H. Andresen Jr.’s daughter, she owns a 42.2% stake in the Ferd business company, which was given to her by her father in 2007. Ferd is in charge of hedge funds, trades on the Nordic stock market, and puts money into private equity.
Inheriting a lot of money, Katharina Andresen is Norwegian. She became much richer between 2020 and 2021. Anna Katharina Andresen gets most of her money as a skilled horse rider. She’s worth about $1.3 billion right now, according to recent estimates.
8. Alexandra Andresen
Alexandra Andresen was born in Oslo, Norway, in July 1996 and raised in the lovely Norwegian capital. When the Norwegian government revealed tax filings for those above 17, Alexandra was certified as the youngest billionaire. In 2016, she became one of the World’s Billionaires for the first time. At age 20, she was the world’s youngest billionaire.
Her father, Johan H Andresen, is an Oslo-based Norwegian investor, and her mother was an avid horse rider. The family was involved in the tobacco industry until 2015. Johan entrusted the family’s centuries-old private investment to his daughters in 2007. She is currently 25 years old, and her fame is a result of the $1.2 billion shares she inherited from her father’s financial firm, Ferd.
9. Pedro Franceschi
Pedro Franceschi is the Co-Founder of Brex, the first corporate card designed specifically for startups. The billionaire works alongside his partner, Henrique Dubugras. Pedro is popularly known to be the first person in Brazil to “jailbreak” the iPhone 3G at a very tender age. He was also the first to create software that allowed Apple’s Siri virtual assistant to speak in Portuguese.
However, he co-founded Pagar.me, growing the company to over 100 employees and establishing it as a leader in the Brazilian payments ecosystem. He is one of the richest men in the world under the age of 30. Moreso, he is just 25 years old with a bet worth $1.5 billion.
10. Kevin David Lehmann
Here is the youngest billionaire in the world.
After inheriting holdings in a German pharmacy known as Drogerie Markt from his father, Kevin Lehmann is currently one of the richest, with a networth of $2.4 billion. He owns half of Drogerie Markt, Germany’s largest drugstore chain, which generates over $12 billion in annual revenue.
The drugstore, established in 1974, has employed over 62,600 workers in over 3,700 outlets across Germany. In 2017, David Lehmann’s father, Guenther Lehmann, gave him 50 percent ownership of his Drogerie Markt investment. The company overseen by this 19-year-old is now an international retail drugstore selling to consumers even outside Europe.
Finally, it is notable that these billionaires may not necessarily apply what they learned at university to their careers. Thus, a dedicated education does change a person’s mindset; you may find yourself on a different path to success.
