To climb the ladder of success you need to work hard and start early. Many people are able to make a comfortable living however, only a few are able to exceed the expectations and earn billions. Becoming a billionaire at a young age can be tricky, it requires a huge amount of dedication and smart work. Young billionaires are made either by earning on their own or by inheriting the family’s fortune. Some facts about the youngest billionaires of the world are given below.
- Kevin David Lehmann
He is the youngest billionaire on Earth. He was born in September 2002. His net worth is estimated to be $3.3 billion. He is from Germany and owns a 50% stake in a German drugstore chain named Drogerie Markt. His father, Guenther Lehmann transferred the stake to him when he was 14 however, the stake remained under trusteeship until September 2020. It was seen that Kevin and his father prefer to keep a low profile on social media. Their drugstore chain has more than 3,700 stores in Germany and they provide employment to more than 40,000 people. He is also famous for being a teenager billionaire in the world at the age of 18 years.
- Wang Zelong
The 24 years old Wang became a billionaire after inheriting the stake in CNNC Hua Yuan Titanium Dioxide Co. The China-based company is related to the production and distribution of rutile titanium dioxide which is used in plastics, coatings, rubber, ink, and various other products. His net worth is $1.5 billion out of which at least 1.3 billion comes from the stake. In 2019, Wang became the largest shareholder. The company trades on the Shenzhen stock exchange.
- Alexandra Andresen
Alexandra Andresen or Alexandra Gamlemshaug Andresen is from Norway. She is a Norwegian heiress. In 2016 she was 19 years old when she topped the youngest billionaire chart. Since then she can always be seen on the billionaire list. Her net worth is $1.4 billion. She inherited some portion of their family business, Ferd. It is a Norway-based investment company and holds ownership in various financial companies. She can be seen on the Forbes cover continuously for the last three years.
- Katharina Andresen
Katharina Gamlemshaug Andresen was born on 21 May, 1995. Her net worth is said to be $1.4 billion. She is a Norwegian heiress and the sister of Alexandra Andresen. The sisters are said to be the world’s third-youngest billionaires. In 2007 their father, Johan H. Andresen transferred 42.2% stakes of the company, Ferd to each daughter. The company’s name is a Norwegian word that means journey. The company generates around $2 billion of annual revenue. Their father still runs the business and has supremacy over 70% of the votes.
- Austin Russell
Austin Russell is the co-founder and CEO of Luminar Technologies, an autonomous vehicle sensor, and software firm. The company excels in Lidar (light detection and ranging) technology. His net worth is estimated to be $2.4 billion. He became the youngest self-made billionaire when he was 25 years old. He developed the idea of his company when he was 17 and studying at Standford University. He dropped out of Standford in 2012 after receiving the fellowship for entrepreneurs. His name has been listed on various Forbes lists.
- Gustav Magnar Witzoe
Gustav is a Norwegian billionaire. He was born on February 8, 1993. His net worth is estimated to be $4.4 billion. He inherited around 47% of the ownership of his family business, SalMar ASA in 2013. After inheriting the wealth he became the youngest male billionaire. The company is a Norwegian fish farming company. It is known to be the largest producer of salmon. The Company holds an important place in the business world. Gustav Magnar Witzoe is an important shareholder of the company and has helped with the industrialization of Norwegian fish farming. Witzoe has also shown interest in investing in properties and technology start-ups.
- Andy Fang
Andy Fang is the Co-founder and Chief Technology Officer of DoorDash. DoorDash is an online food ordering platform. It is the largest food ordering company in the United States. He started his journey with three of his Standford classmates in 2013. He is a self-made billionaire who has been listed on various Forbes lists. He owns 4% of the stakes of the company and the shares are listed on New York Stock Exchange. The company was first named Palo Alto Delivery. Fang got his bachelor’s degree in computer science in 2014, before that the company was renamed and it was backed up by Y Combinator.
- Stanley Tang
Stanley Tang is the Co-founder, Head of labs, and chief product officer of the food delivery app DoorDash. He is a self-made billionaire and has been listed under the 30 under 30 list of Forbes. His net worth soared and is now estimated at $2 billion. This happened due to the pandemic guidelines issued to the restaurants. Stanley completed his bachelor’s degree in computer science along with Andy Fang. He became an author at the age of 16 and wrote a best seller named eMillions.
- Sam Bankman-Fried
Bankman-fried is the founder and CEO of FTX, a platform for buying and selling cryptocurrencies. He is known as a crypto magnate, crypto billionaire, and philanthropist. He is also the founder and CEO of Alameda Research, a trading firm that helps in the management of assets worth $2.5 billion. His net worth is said to be $8.7 billion. His name has been listed on various Forbes lists like Crypto Rich List 2021, Forbes 400 2021, and many others.
- Jonathan Kwok
Jonathan Kwok is the Director of Empire Group Holdings. It is a Hong Kong-based property development and investment company. He inherited his stake from his late father, Walter Kwok who died on October 20 in 2018. He was also known as the youngest billionaire on the planet. His net worth is estimated to be $2.4 billion. Jonathan and his brother, Geoffrey are said to be the beneficiaries of some trusts owned by their grandmother.
