Top-10-worlds-youngest-billionaires-2020

Although, for most of these individuals, a significant inheritance from their parents played a major role in their billionaire status, being handed over the responsibilities of entire companies at this age is definitely not everyone’s cup of tea. Whether it’s due to extravagant inheritances, family business empires, or their own entrepreneurial successes, there are more top 10 world’s youngest billionaires today than ever before. The youngest billionaire currently in existence is just 23 years old, while the tenth-youngest is only 30 years old.

All told, there are currently 47 billionaires under the age of 40, with a cumulative net worth of $199.8 billion. This group represents approximately 2.5% of the total world billionaires.1

The following list profiles the top 10 world’s youngest billionaires and describes how each one acquired their extraordinary fortunes. Numbers as of March 24, 2020. Here are the top 10 youngest billionaires and their net worth, list by age.

Here’s the updated list of the top 10 youngest billionaires in the world in 2020, according to Fillgapnews:-

10. John Collison
9. Evan Spiegel
7. Pedro de Godoy Bueno
7. Lisa Draexlmaier
6. Elisabeth Furtwaengler
5. Jonathan Kwok
4. Gustav Magnar Witzoe
3. Katharina Andersen
2. Alexandra Andresen
1. Kylie Jenner

10. John Collison

Top-10-worlds-youngest-billionaires-2020

AGE: 30
NET WORTH: $3.2 BILLION
SOURCE OF WEALTH: STRIPE Payments software
Country of residence: Ireland

John Collison was only a teenager when he sold his first tech company to become a millionaire in 2008. Now 30, the Irish entrepreneur continues to disrupt the fintech industry with Stripes, a payments company he co-founded together with his brother while studying at MIT. He has a net worth of $3.2 billion, while his company boasts a valuation of $35 billion after raising $250 million in funding last September.

9. Evan Spiegel

Top-10-worlds-youngest-billionaires-2020

AGE: 30
NET WORTH: $4.8 BILLION
SOURCE OF WEALTH: SNAP
Country of residence: United States

Having a place on this list since 2016, Evan Spiegel is no stranger to the billionaire club and is one of only three self-made billionaires in the world aged 30 and under. After rallying in 2019, Snap stock is down 50% since the start of the year. Spiegel, who was born in the U.S., quietly became a dual American-French citizen in 2018. The American-French businessman shot to fame as the CEO and co-founder of Snapchat together with Bobby Murphy (see no. 10) – each owning 18% of the company as well as voting shares. He has a net worth of $4.8 billion in 2020.

7. Pedro de Godoy Bueno

Top-10-worlds-youngest-billionaires-2020

AGE: 29

NET WORTH: $1.1 BILLION

SOURCE OF WEALTH: DIAGNOSTIC SERVICES
Country of residence: Brazil

A newcomer to the billionaire ranks, Pedro is the son of the late Edson de Godoy Bueno (d. 2017), once Brazil’s richest healthcare billionaire. Bueno is the CEO and largest shareholder of laboratory services firm Diagnósticos da América SA, which has seen its shares nearly triple over the past year.

7. Lisa Draexlmaier

Top-10-worlds-youngest-billionaires-2020

AGE: 29
NET WORTH: $1.5 BILLION
SOURCE OF WEALTH: AUTO PARTS
Country of residence: Germany

Draexlmaier and her father, Fritz, are co-CEOs of Fritz Draexlmaier Holdings GmbH, the holding company of the auto parts maker of the same name. Lisa, now the sole owner, joins the billionaires’ list for the first time. The second first-timer on the list also German: Lisa Draexlmaier, now co-owner and CEO of Fritz Draexlmaier Co & KG. She took over its helm after her father, Fritz Draexlmaier, stepped down as CEO last year – albeit retaining his position as chairman. The company is known for selling auto parts to top car manufacturers including Audi, BMW, Cadillac, Land Rover, Maserati, Mercedes-Benz, Porsche and Tesla. According to Forbes, she has an estimated net worth of $1.5 billion.

6. Elisabeth Furtwaengler

Top-10-worlds-youngest-billionaires-2020

AGE: 28
NET WORTH: $1.2 BILLION
SOURCE OF WEALTH: PUBLISHING
Country of residence: Germany

Furtwaengler and her older brother Jacob were each given a 37.4% stake in the family’s German media company by their father, Hubert Burda, who is no longer a billionaire. Burda Media’s titles include the German editions of Elle and Playboy. Furtwaengler and her brother Jacob serve on the board of directors.

5. Jonathan Kwok

Top-10-worlds-youngest-billionaires-2020

Age: 28
Net worth: $ 2.1 Billion
Source of wealth: Real Estate
Country of residence: Hong Kong

Jonathan is the younger son of the late Walter Kwok, former chairman of Hong Kong’s largest developer, Sun Hung Kai Properties. He took the helm of Empire Group Holdings, another property development firm that his father started upon departing SHKP, after the senior’s death in 2018. Today, he holds the role of director at the group, overseeing their real estate investments, project developments and asset management operations. He is also Asia’s Youngest Billionaire, with an estimated worth of $2.1 billion.

4. Gustav Magnar Witzoe

Age: 27
Net worth: $3.5 billion
Source of wealth: Salmon farming
Country of residence: Norway

Another Norwegian to make the cut is SalMar ASA heir Gustav Magnar, who became a billionaire at the age of 19 after inheriting 47% of the salmon farming company. His father, Gustav Witzoe, is the founder of the company and still runs it to this day. On the other hand, the junior Gustav is paving his own path in property investments and tech startups. He is worth $3.5 billion as of September 2020.

3. Katharina Andersen

Age: 25
Net worth: $1.3 billion
Source of income: Investments
Country of residence: Norway

Like her sister, the older Andersen came onto the radar in 2016 as the second-youngest billionaire (by age). She positions third in the list of top 10 world’s youngest billionaires in 2020. She now shares the third position as the net worth of $1.3 billion as Alexandra. Their father, Johan Andersen still runs Ferd and controls 70% of the votes via a dual-class share structure. Katharina, who graduated from Amsterdam University College, is now based in London where she is attending university.

2. Alexandra Andresen

Top-10-worlds-youngest-billionaires-2020

Age: 24
Net worth: : $1.4 billion
Source of wealth: Investments Firm
Country of residence: Norway

Before Kylie took over the crown in 2019, Alexandra was the reigning youngest billionaire for three consecutive years since 2016, when she was just 19. The Norwegian heiress and her elder sister (see no. 2) joined the list after each inheriting 42% of their family-owned investment company, Ferd. Now 24 years old, Alexandra is worth an estimated $1.4 billion and is a three-time junior Norwegian champion in dressage horse riding. She positions second in the list of top 10 world’s youngest billionaires in 2020.

1. Kylie Jenner

Top-10-worlds-youngest-billionaires-2020

Age: 23
Net worth: $1 Billion.
Source of wealth: Cosmetics
Country of residence: United States

Belonging to the most talked-about American family, Kylie Jenner became the youngest billionaire of the world at the age of 21, in March 2019 when Forbes estimated her net worth at $1 billion. She’s the founder of the cosmetic company Kylie Cosmetics and one of the top youngest billionaires in the world.

Also, Kylie Jenner, one of the most beautiful girls in the world is the youngest among billionaires in the list of top 10 world’s youngest billionaires in 2020.

Top-10-worlds-youngest-billionaires-2020

Follow us on Twitter | Instagram | Facebook

Comments

comments