To begin with, it is pretty rare to amass a billion dollars before the age of 35, but the 10 youngest people on the Forbes World Billionaires list have earned the bragging rights. Whether it is due to extravagant inheritances, family business empires, or their own entrepreneurial successes, there are more young billionaires today than ever before. The youngest billionaire currently in existence is just 23 years old.
Please find below the list:
- Kylie Jenner
Net worth: $1 billion
It is accepted that Kylie first became known as a member of the E! reality television series Keeping Up with the Kardashians, Kylie Jenner has since made a name for herself as an entrepreneur. At the age of 14, she and her sister Kendall launched their clothing line, Kendall & Kylie. In 2015, Kyle created a cosmetics company called Kylie Lip Kits, which was later rebranded as Kylie Cosmetics. Her success may be attributed to her considerable social media presence. Case in point: she boasts an astonishing 167 million Instagram followers.
- Ludwig Theodor Braun
Net worth: $1 billion
Ludwig Theodor Braun owns 10% of B. Braun Melsungen, a medical-device company that started out as a small pharmacy selling herbal remedies. His father, Ludwig Georg Braun, grew the company from $24 million in annual sales in 1977 to around $8 billion today.
- Anna Kasprzak
Net worth: $1 billion
Anna Kasprzak co-owns Danish shoe company ECCO with her brother André and mother Hanni. ECCO products are sold in 90 countries, generating close to $1.5 billion in yearly sales. As a dressage rider, Kasprzak placed 14th in the 2016 Olympics in Rio de Janeiro.
- Alexandra Andersen and Katharina Andersen
Age: 24 & 25
Net worth: $1.2 billion
Norwegian sister heiresses Alexandra Andresen and Katharina Andresen are the daughters of Johan H. Andresen Jr., owner of Ferd, a Norwegian investment company that manages hedge funds, actively invests in the Nordic Stock Exchange, and boasts a substantial private equity portfolio. In 2007, the Andresen sisters each received a 42.2% ownership stake in the company.
- Jonathan Kwok
Net worth: $2.2 billion
Jonathan Kwok is the youngest son of the late Walter Kwok, former chairman of Sun Hung Kai Properties, Hong Kong’s largest real estate developer. Along with his brother, Jonathan inherited Walter’s direct stake in SHKP.
- Evan Spiegel
Net worth: $2.9 billion
As chief executive of Snap, the company behind disappearing-message app Snapchat, Spiegel is one of the youngest CEOs of a public company. Spiegel cofounded the business while enrolled at Stanford in 2011, and still owns about 18% of its shares.
- Gustav Magnar Witzoe
Net worth: $2.5 billion
Gustav Magnar Witzoe owns nearly half of SalMar ASA, one of the world’s largest salmon producers, which spearheaded the industrialization of salmon farming in Norway. The stake in the company was handed to him in 2013 by his father, Gustav Witzoe Sr., who still runs the company’s day-to-day operations, freeing Gustav to invest in real estate and tech startups.
- John Collison
Net worth: $3.2 billion
John Collison is the president and co-founder of Stripe, a company that builds software helping businesses facilitate online credit card payments. The Irish entrepreneur launched the company with his brother Patrick when they were both college students. After a round of funding in September 2019, the company is valued at a whopping $35 billion.
- Lukas Walton
Net worth: $18.5 billion
His grandfather Sam Walton founded the retail giant Walmart, an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, headquartered in Bentonville, Arkansas. Lukas inherited his stake after his father died in a plane crash in 2005. He studied environmentally sustainable business at Colorado College, then joined the family foundation, where he heads up its environment program committee.
- Mark Zuckerberg
Net worth: $56.4 billion
The ultimate dorm-room entrepreneur launched Facebook in 2004. One month in, the social network expanded to Stanford, Yale and Columbia; by the end of the year, it had one million users. Zuckerberg dropped out of Harvard the same year, though Harvard did award him an honorary doctorate in 2017. In 2007, at age 23, he became the world’s youngest self-made billionaire.