Top 10 Youngest Billionaires in the World

A billionaire is a person with a net worth of $1 billion or more. The term became popular in the 1980s and has remained in use, usually referring to people who are tycoons or business magnates.

The average American millionaire’s income is around $250,000. With this amount, you can be considered a billionaire if you have $25 million in savings and investments.

To make this possible, billionaires must show consistent income every year to maintain their status as billionaires.

The current average net worth of some billionaires is around $6.3 billion, with the world’s richest person being Bill Gates, founder of Microsoft with a net worth of $79.6 billion. There are some young people who have become billionaires before their 40th birthday.

Are there any billionaire entrepreneurs under 30 years old?

The number of people who are billionaires is increasing day by day, and there are many young people becoming billionaires at a much younger age now than ever before before.

#1. Wang Zelong

Wang Zelong is a 24-year-old billionaire in China with a net worth of $1.5 billion. He and his family started CNNC Hua Yuan Titanium Dioxide Co., which produces titanium dioxide pigment, commonly used in white paint, plastics, ink, and many other materials. Wang is currently the president of this company.

#2. Kevin David Lehmann

The Drugstore King- Kevin David Lehmann was just 18 when he inherited his father’s 50% share of German drugstore chain Drogerie Markt. With a net worth of over $3 billion, Kevin Lehman is the world’s youngest billionaire.

Born in 1995, Kevin graduated from school at 16 and never went to college because his life plan had always been set- buy a stake in a family-owned drugstore business and turn it into the best one ever imagined.

Armed with discipline, drive, 30th richest German citizen.

Kevin, and tactical financial knowledge, Kevin made it happen 15 short years later! And all without attending any post-secondary education or university courses for that matter. Now if those 3 things aren’t reasons to buy yourself some college textbooks, then I don’t know what is!

The story of how Kevin did it is as interesting as a soap opera and has been featured on many shows including the Forbes Celebrity 100 list.

#3. Alexandra Andresen

Alexandra Andresen, the third Youngest Billionaire in the World as of January 202 an1d also one of the youngest billionaires in Norway’s history.

Alexandra is 24 years old and became a billionaire at age 19 with her inheritance from her father who was an investor.

Andresen first became the world’s youngest billionaire when she was 18 years old in 2016. She has been featured on Forbes magazine’s 30 Under 30 list twice – once for “Media” and once for “Finance”.

Alongside her sister Katharina Andersen, Alexandra runs investment firm Ferd AS which manages both their family’s wealth as well as outside investments such as real estate holdings.

There are many who might argue that she did not earn her wealth but rather was given it by her parents.

However, Alexandra is a hardworking woman and has made her own money as well through investment firms with her sister Katharina Andersen.

Today, Alexandra owns stakes in various companies, including her family’s investment company Ferd AS, which she founded together with her sister Katharina. She has also invested in real estate holdings around the world as well as other securities such as cryptocurrencies.

#4. Katharina Andresen

Katharina Andresen is the fourth-youngest billionaire in the world with a net worth of $1.4 billion, and she’s only 25 years old! Katharina inherited 42% of Ferd, her family-owned investment company that makes about $2 billion in revenue annually.

#5. Austin Russell

Austin Russell is the founder of Luminar technologies, a self-driving car company that has made him one of the youngest billionaires in the world.

Luminar’s mission is to make smart cars safer and more efficient by creating cutting-edge sensing technology that will power autonomous vehicles. The company has been recognized as one of “The 10 Biggest Startups You’ve Never Heard Of,” by Forbes magazine.

Russell’s vision for his company is to keep building on what they have built so far and providing new features every year for their customers. He believes it is important to be humble and take things one day at a time because he knows how hard it was when he first started out on this journey.

The company has grown to over 100 employees and 11 million dollars in funding, with its headquarters located at the San Diego Incubator.

Luminar’s technology can see 50 yards further than human eyes and has been used by General Motors’ Cruise Automation for autonomous vehicle testing on public roads.

Austin Russell’s net worth is currently estimated to be $2 billion.

#6. Gustav Magnar Witzoe

Gustav Magnar Witzoe is a 27-year-old Norwegian that inherited two-thirds of the shares in his father’s salmon company SalMar ASA.

He has been ranked among the youngest billionaires in the world, and he’s interested to increase his net worth by exploring other avenues outside of the salmon business.

Gustav Magnar Witzoe is one of Norway’s youngest billionaires. Born in Oslo, he attended Oslo University College and studied business administration for two years before taking over the family company.

His father gifted him half of SalMar ASA shares after his death and in 2013, he became a billionaire at age 27 when the stock price increased rapidly. He has since been on Forbes list of billionaires with an estimated net worth of $4 Billion by 2020, his net worth has appreciated by over 400 Million in 2021.

#7. Andy Fang

Andy Fang (28 years), is a young Chinese-American billionaire who co-founded DoorDash. He currently has a net worth of $2.8 billion and he is one of the youngest billionaires under 30s

Andy Fang was born in China but he moved to America when he was 18 years old. He studied business at UC Berkeley and obtained his degree in 2011.

Upon graduation, he founded DoorDash with one of his college classmates and some friends from high school.

#8. Stanley Tang

Stanley Tang is a genius that has brought the world to their doorstep, with his vision for DoorDash. He was one of the founders and he also helped build DoorDash from scratch in 2013.

Tang graduated with a degree in Electrical Engineering and Computer Science from Stanford University where he met Andy Fang who would later become his partner at Doordash. Stanley Tang’s company, DoorDash now has a market capitalization of over $40 billion dollars!

Stanley Tang has a net worth of $2.8 Billion. He is 28 years old, and his source of income is from Doordash which he owns a 4.2% stake in the company. He also founded labs at the company for the development and growth as well as to help others develop themselves professionally, personally, and spiritually.

Stanley loves reading books about crazy survival stories because it makes him feel better about being alive today!

#9. Sam Bankman-Fried

Sam Bankman-Fried is the founder of FTX, a platform that offers people all the need to buy and sell cryptocurrencies.

However, before he founded FTX, Bankman-Fried initially launched Alameda Research which manages $2.5 billion in assets.

He was born on 6 March 1992 (age 29 years) in Stanford and attended  Massachusetts Institute of Technology as an undergraduate student for BA Physics, where he graduated with honors.

As a man who has had his share of success at such a young age, Sam has amassed an 8.7 billion net worth through his crypto trading endeavors. Prior to founding FTX, he launched Alameda Research which manages $2.5 billion in assets and was formerly a partner at Andreesen Horowitz as well as the founder of Spark Capital. He also co-founded one of the first Bitcoin startup companies with Cameron Winklevoss and Tyler Winklevoss called Gemini.

#10. Jonathan Kwok

Jonathan Kwok is a 29-year-old real estate mogul who has a net worth of $2.4 billion. He and his older brother Geoffrey inherited their father’s stake in Sun Hung Kai Properties, which they have helped grow into the largest property developer in Hong Kong. Jonathan loves to travel and enjoys spending time with friends and family. He also enjoys cooking.

Conclusion

You could be on the list in 3 years! It takes a lot of diligence, hard work, and time to make it onto this list. But if you keep working towards your goal, there is no reason why you couldn’t join these 10 youngest billionaires someday soon.

These 10 youngest billionaires in the world are worth billions and their success stories will motivate you to work hard for your dreams no matter how old you are.