Youngest Billionaires: These Are the 20 Youngest Billionaires in the World
There are more than 2,208 billionaires on the planet, as listed by Forbes. Because becoming rich takes time, the average age of those billionaires is 66 years old. But some of the youngest billionaires are in their early to mid-20s. Some of these billionaires worked tirelessly to make their riches, but not everyone had to work hard to get to the top. For some, bank accounts, company shares, and businesses were already waiting for them when they were born. The 63 youngest billionaires are worth $265 billion collectively, according to Forbes, and $61 billion of that is Mark Zuckerberg’s massive share.
Here are the 20 youngest billionaires in the world, all of whom are under 40.
Editor’s Note: This was first published on July 23, 2016.
John and Patrick Collison (28 and 30) - $1.1 Billion Each
Irish brothers John and Patrick Collison are currently the youngest self-made billionaires out there. They founded Stripe, an online payment software company, in 2010. When Stripe received $115 million in investments from CapitalG (a division of Alphabet, Google’s parent company), the brothers’ net worth climbed to $1.1 billion each.
Alexandra and Katharina Andresen (22 and 24) - $1.4 Billion Each
These Norwegian sisters are the world’s youngest billionaires, according to Forbes. Their father transferred the family fortune to them in 2007, and their wealth has grown ever since. The money came from a company called Ferd AS, which holds investments in everything from finance to real estate portfolios.
Tom Persson (34) - $1.4 Billion
Tom Persson is a Swedish businessman working in the film industry. He is an heir of the fashion company Hennes & Mauritz (H&M), which was founded by his grandfather, Erling Persson, in 1947. His brother, Karl-Johan, is H&M’s CEO, but Tom prefers to work as a movie producer.
Tatiana Casiraghi (35) - $1.7 Billion
Tatiana Casiraghi is an heiress and member of the Monaco Royal Family. She’s married to Andrea Casiraghi, the second in line to the throne. She got her wealth from her grandfather, Julio Mario Santo Domingo, who made his fortune with a diversified portfolio, owning over 100 companies.
Julio Mario Santo Domingo III (34) - $1.7 Billion
Julio Mario Santo Domingo III, the brother of Tatiana Casiraghi, is worth about as much as his sister thanks to their grandfather. Currently, he keeps himself occupied as a disc jockey in New York for Sheik ’N’ Bake. He also earned a bachelor’s degree in architecture from Boston University.
Sean Parker (39) - $2.7 Billion
Sean Parker is an American entrepreneur and philanthropist who co-founded Napster, a file-sharing computer service. He served as the first president of Facebook, but is now a venture capitalist and philanthropist. One of his biggest investments was in Spotify in 2010. He made a ton of money on that, as you can imagine.
Pavel Durov (34) - $2.7 Billion
Pavel Durov has been called the Mark Zuckerberg of Russia, and for good reason. He made his fortune by founding VK, a Russian social media network. He left VK, and Russia, however when the Russian government demanded the personal information of all opposition accounts and Durov refused. He is now a citizen of St. Kitts and Nevis, a small island nation.
Gustav Magnar Witzoe (26) - $3 Billion
This billionaire owns nearly half of Salmar ASA, a salmon farming giant based in Norway. He inherited it from his father (who founded the company) in 2013. Although Gustav owns much of the company, his father still runs it. Instead, he works as an investor in tech startups and real estate.
Lynsi Snyder (36) - $3 Billion
Lynsi Snyder’s grandparents founded In-N-Out Burger in 1948, and it’s been making a steady profit for the family ever since. She inherited the company at the age of 18 — after the untimely death of her father — but didn’t become a billionaire until she was 35, when she received the last of her inheritance.
Joe Gebbia (37) - $3.7 Billion
Joe Gebbia is the co-founder and designer of Airbnb, an online marketplace that enables people to list, find, and then rent vacation homes for a processing fee. He is currently the chief product officer of the company. To date, around 300 million people have used Airbnb, which operates in over 190 countries.
Brian Chesky (37) - $3.7 Billion
Brian Chesky is an American entrepreneur who co-founded Airbnb. Chesky is the CEO of the company, and he met Joe Gebbia when they both attended the Rhode Island School of Design. He was named one of the 100 Most Influential People of 2015 by Time magazine.
Nathan Blecharczyk (35) - $3.7 Billion
Nathan Blecharczyk is an American entrepreneur. He is also a co-founder of Airbnb, and is currently its chief strategy officer. He served as the company’s first engineer, helping it become the worldwide success it is today.
Evan Spiegel (28) - $4.1 Billion
As the creator of social media phenomenon Snapchat, Evan Spiegel became one of the youngest billionaires when Snap became public in 2017. To date, 191 million users send disappearing messages on Snapchat, but the company is facing competition from Instagram, which launched its own version of Snapchat inside the Instagram app.
Bobby Murphy (30) - $4.2 Billion
Bobby Murphy co-founded Snap with his Stanford University fraternity brother, Evan Spiegel, in 2011. Each founder owns 18 percent of the company, but because of their voting rights, they control every major decision that Snap makes.
Frank Wang (39) - $5.4 Billion
Frank Wang is the world’s first drone billionaire. He is the founder and CEO of SZ Dajiang Innovation Technology, also called DJI, a privately-held Chinese robotics company. DJI is the world’s largest consumer drone company, making everything from drones to flight controllers to aerial gimbals.
Marie Besnier Beauvalot (39) - $5.6 Billion
Marie Besnier Beauvalot is a French heiress. She inherited the French dairy giant Lactalis, producer of popular Président Brie (among hundreds of other cheese, milk, and yogurt brands). She prefers to keep a low profile, and lives with her husband in France.
Eduardo Saverin (36) - $9.6 Billion
Eduardo Saverin is a Brazilian internet entrepreneur, economist, and angel investor. He is a co-founder of Facebook, and owns 53 million Facebook shares. In 2009, he generated some controversy when he renounced his American citizenship, allegedly to avoid capital gains taxes. He denies this claim, saying he prefers to live and work in Singapore.
Dustin Moskovitz (34) - $14 Billion
Dustin Moskovitz is also a co-founder of Facebook. In 2008, he left Facebook and co-founded Asana, a web and mobile application designed to help teams track their work. However, most of his net worth stems from his 3 percent share in Facebook. He is also the founder of the philanthropic organization Good Ventures, which donates to malaria relief, among other causes.
Yang Huiyan (37) - $21.9 Billion
Huiyan Yang is the majority shareholder of Country Garden Holdings. She is the youngest female billionaire in Asia, the richest woman in Asia, and the sixth-richest person in China. She built her fortune after inheriting Country Garden Holdings from her father in 2007.
Mark Zuckerberg (34) - $61 Billion
Mark Zuckerberg is a programmer, entrepreneur, and philanthropist. He is the chief executive and co-founder of Facebook. As of 2019, he’s the fourth richest person on the planet, after Warren Buffet ($84.7 billion), Bill Gates ($97 billion), and Jeff Bezos ($160 billion). In 2018, Zuckerberg faced intense scrutiny after a scandal in which political consulting firm Cambridge Analytica got its hands on millions of Facebook users’ personal information.