Earning billions, making a fortune and establishing an empire are not children’s tasks. It takes years of struggle, hard work and determination to establish an empire and make your brand earn for you. All this takes a lot of time and hence most of the billionaires in the world are in their 40s, 50s and 60s. According to the recent data, there are just 47 billionaires under the age of 40. This figure amounts for just 2.5% of the world’s total billionaires. The data itself is proof that taking your earnings to billions doesn’t happen overnight and you need to be extremely lucky to achieve such a feat at an early age.
There are over 2,095 billionaires in the world with their total net worth amounting to be $8 trillion. People like Jeff Bezos, Bill Gates, Mukesh Ambani and Jack Ma are at the helm of the list featuring billionaires. But, there’s always someone who does the unthinkable. In this case, there are too many people who have achieved the remarkable feat of becoming a billionaire at a very early age. There are some people who have achieved the feat even before crossing 30 years of their age. The list features 8 youngest billionaires.
8. Kylie Jenner: Kylie Jenner is the youngest person in the world to become a billionaire. She shot to fame after featuring in reality TV series Keeping Up With The Kardashians. Kylie launched the clothing brand Kendall and Kylie with her sister Kylie at the age of 14. In 2015, Kylie launched Kylie Lip Kits that is a cosmetics company. She later changed the name of the company to Kylie Cosmetics. The net worth of Kylie Jenner is over $1 Billion. A huge credit of Kylie’s business’ success goes to her social media following. She has 199.4 million followers on Instagram.
7. Alexandra Andresen: Norwegian heiresses Alexandra Andresen is the second person on the list. Daughter of Ferd owner Johan H. Anderson Jr, Alexandra inherited a portion of the company’s shares. Ferd is an investment company based in Norway that manages hedge funds and invests in Nordic Stock exchange. The net worth of Alexandra is $1.1 Billion. Alexandra became a billionaire at 24.
6. Katharina Andresen: Following Alexandra on the list in Katharina Andresen. The story of the elder sister of Alexandra, Norwegian heiresses Katharina, who inherited 42.2% ownership in Ferd just like her sister. The net worth of Katharina is also $1.1 Billion. Katharina became a billionaire at 25.
5. Gustav Magnar Witzoe: Nearly 50 per cent of SalMar ASA belongs to Gustav Magnar Witzoe. SalMar ASA is one of the largest producers of Salmon in the world. Gustav got control of the company from his father in 2013 from his father. Gustav is also an active investor in real estate and tech startups. Gustav became a billionaire at 27. The net worth of Gustav is $2.3 Billion.
4. Jonathan Kwok: The youngest son of the late Walter Kwok, former chairman of Sun Hung Kai Properties, Jonathan Kwok is fifth on the list. He is Hong Kong’s largest real estate developer. He inherited Walter’s direct stake in SHKP. Jonathan became a billionaire at 28. The net worth of Jonathan is $2.0 Billion.
3. John Collison: The president and co-founder of Stripe, John Collison is the next on the list. Stripe is a software development firm that helps businesses facilitate online credit card payments. Collison launched the company with his brother Patrick during his college days. His company’s net value is over $35 Billion. He became a billionaire at 30 and his net worth is $3.2 Billion.
2. Evan Spiegel: Evan Spiegel is seventh on the list with a fortune worth $2.4 Billion. Spiegel is the co-founder and CEO of Snap Incorporation. The company is the parent firm of popular app Snapchat. He started the company with his fellow coursemate at Stanford, Bobby Murphy. Spiegel became a billionaire at 30.
1. Patrick Collison: John Collison’s brother Patrick Collison is at the eighth spot on the list. A co-founder in Stripe, Collision became a billionaire at the age of 32. The net worth of Collison stands at $3.2 Billion. His company Stripe got investments from several big names including Elon Musk and Peter Thiel.
