In 2022, Forbes released its Top 10 World’s youngest billionaires from Standford dropouts to food delivery tycoons and Cryptocurrency whiz. Together the rare group is worth $25.8 billion representing less than half a percent. All these billionaires are under the age of 30. The richest billionaire is Garry Wang at the age of 28.
Follow the list of the top 10 world’s youngest billionaires of 2022 below for their age, net worth, and source of income. Leave a comment below if we missed anyone!
Here’s the updated list of the top 10 youngest billionaires in the world in 2022, according to Fillgapnews:-
10. Andy Fang
9. Stanley Tang
8. Alexandra Andresen
7. Katherina Andresen
6. Pedro Fransceschi
5. Austin Rusell
4. Ryan Breslow
3. Kevin David Lehhmann
2. Gustav Magnar WitzoeÂ
1. Gary Wang
10. Andy Fang
AGE: 29
NET WORTH: $1.1 BILLION
SOURCE OF WEALTH: DoorDash
Country of residence: United States
Nailing the title of the top 10 world’s youngest billionaires for the first time is 29-year-old Andy Fang. He is a Chinese–American tech entrepreneur and co-founder of the online food ordering and delivery platform DoorDash. With a 56% market share, it is one of the largest food delivering companies in the United States.
In addition, it has a 60% market share in the convenience delivery category. Andy started the company with Stanley Tang, Evan Moore, and Tony Xu in 2013. As of December 2020, his net worth was $2.2 billion which is now $1.1 billion. He is the 10th on the list of the top 10 world’s youngest billionaires.
Also Read: Top 10 Youngest Female Billionaires in the World in 2022
9. Stanley Tang
AGE: 29
NET WORTH: $1.2 BILLION
SOURCE OF WEALTH: DoorDash
Country of residence: United States
Another co-founder and top 10 world’s youngest billionaires are Stanley Tang. He completed his computer science degree from Stanford University. Born in 1992, he grew up in Hong Kong and currently resides in Sans Francisco, California. In 2013 he along with Andy Fang and Evan Moore founded the company DoorDash whose current net worth is $1.2 billion.
8. Alexandre AndresenÂ
AGE: 25
NET WORTH: $1.3 BILLION
SOURCE OF WEALTH: Investment Firm
Country of residence: Norway
Alexandre Andresen is the 8th among the top 10 youngest billionaires. She is the daughter of a Norwegian industrialist who transferred her shares of the company to both of her daughters, Katherine and Alexandre. In 2016, at the age of 19, she became the world’s youngest billionaire for three consecutive years according to Forbes. In 2020 she was the second-youngest billionaire with a net worth of US$1.1 billion. However, in 2022 there is a shift in position and she is at number 8 but her net worth is $US1.5 billion.
7. Katherina Andresen
AGE: 27
NET WORTH: $1.3 BILLION
SOURCE OF WEALTH: Investment Firm
Country of residence: Norway
Kathrina Andresen is the 7th among the top 10 youngest billionaires. She is yet another daughter to whom the Norwegian industrialist has transferred shares of the company. She along with her sister Alexandre was the third-youngest billionaire in 2020 with a net worth of US$1.1 billion. However, in 2017, she was fined US$27,000 for drunken driving. She was found 3 times more than the limit. Her punishment included 13 months of license suspension.
6. Pedro Franceschi
AGE: 25
NET WORTH: $1.5 BILLION
SOURCE OF WEALTH: Fintech
Country of residence: Brazil
With a net worth of $US1.5 billion, Pedro Franceschi is 6th among the top 10 world’s youngest billionaires. He is the co-CEO of the fintech company Brex which aims at repairing the corporate credit card. He started the company with co-founder Henrique Dubugras in January 2017. The pair previously founded an online payment company named Pagar.com which they sold to Stone. However, in 2022 he became a billionaire when his company raised money from investors which valued the company worth $12.3 billion.
5. Austin Rusell
Age: 27
Net worth: $ 1.6 Billion
Source of wealth: Autonoumous Cartech
Country of residence: United States
The next on the list of the top 10 world’s youngest billionaires, we have Austin Rusell. Although a college dropout, he is an American entrepreneur founder and CEO of Luminar Technologies. At the age of 25, he c=became the youngest billionaire and it continues in 2022. His company specializes in lidar and machine perception which is used in mostly autonomous cars. With a net worth of $US 1.6 billion, he is the 5th youngest billionaire in the world among the top 10.
4. Ryan Breslow
Age: 27
Net worth: $2.0 billion
Source of wealth: E-commerce
Country of residence: United States
Another dropout from Stanford University who made it to be in the top 10 world’s youngest billionaires is Ryan Breslow. In 2014, he launched the payment startup Bolt, it is a technology company that is democratizing commerce with the facility of one-click checkout. The company has raised $1.3 billion and the current value of the company is $11 billion. He has attracted investors such as General Atlantic, Black Rock, and SAP by offering Amazon-like checkout to millions of online retailers. Ryan Breslow initiated a four-day work week for all his 700 employees. In January 2022, he stepped down from the position of CEO to become an executive chairman.
3. Kevin David Lehmann
Age: 19
Net worth: $2.4 billion
Source of income: Drugstores
Country of residence: Germany
Kevin David Lehmann is the owner of 50% of Germany’s drugstore chain, drogerie markt dm, and 3rd youngest billionaire in the world among the top 10. The company offers cosmetics, healthcare, household products, health, and food and the annual revenue is over $12 billion. The company was started by his father in 1974, Guenther. And he transferred 50% of the stakes to Kevin David in 2017.
2. Gustav Magnar Witzoe
Age: 28
Net worth: : $4.5 billion
Source of wealth: Fish farmingÂ
Country of residence: Norway
One of the world’s largest salmon producers is Gustav Magnar Witzoe. He nearly owns half of Salmar, ASA. The company was founded by his father Gustav Witzoe in 1991 which he gifted him in 2013. The senior Witzoe still runs the company while Magnar is making his mark in investing in real estate and tech startups. With a net worth of $4.5 billion he is the 2nd among the top 10 world’s youngest billionaires.
1. Gary Wang
Age: 28
Net worth: $5.9 Billion.
Source of wealth: Cryptocurrency
Country of residence:Â United States
The first to top the list of the top 10 world’s youngest billionaires with a net worth of $5.9 billion is Gary Wang. He is the co-founder and chief technology officer of a cryptocurrency exchange named FTX. A company that is built by traders, for traders, and also one of the leading exchanges for buying and selling crypto products. He is a Chinese entrepreneur, an MIT graduate who also worked at Google. Hence, this 28-year-old is the youngest billionaire on our list.
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