Top 10 Youngest Billionaires In The World

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A century ago, billionaires had everything to do with age and business experience. However, today things have changed for the better as the younger generation seem to also have an eye for really huge money. It must be duly noted that some of these billions could be from family inheritance, technology  and business startups. This year the young belle Kylie Jenner beacame the youngest self made billionaire a record previous;y held by Mark Zuckerberg of Facebook.

According to Forbes’ 2018 World Billionaires rankings, there were 63 billionaires under the age of 40 with a cumulative wealth of $265 billion. This group is roughly 3% of the total number of world billionaires and about the same in terms of cumulative wealth. Below is a list by Factboyz containing the young champs who have all the money they want!

 1. Alexandra Andresen

Age: 22 years

Net worth: $1.4B

Born in 1996, Alexandra Andresen is the world’s youngest billionaire. She is a Norwegian heiress and the daughter of Johan H. Andresen Jr., who owns Ferd, a Norwegian investment company that runs hedge funds, actively invests in the Nordic Stock Exchange, and has private equity investments. In 2007, Andresen and her sister, Katharina, were each transferred 42.2% of the ownership stakes and subsequently inherited the money. even though their father insists that he won’t force his daughters to take part in the family company if they don’t want to)

2. Katharina Andresen

Katharina G. Andresen

Age: 23 years

Net worth: $1.4B

Katharina Andresen is the world’s second-youngest billionaire, as only her sister Alexandra is younger. Andresen also inherited 42.2% of the Ferd ownership stakes.

3. Gustav Magnar Witzoe

Age: 25 years

Net worth: $1.9B

Gustav Magnar Witzoe owns nearly half of SalMar ASA, one of the world’s largest salmon producers. SalMar spearheaded the industrialization of salmon farming in Norway. This stake was given to him in 2013 by his father, Gustav Magar Sr., who founded the company in 1991. Because Witzoe Sr. still runs the company, Gustav invests in real estate and tech startups.

4. Evan Spiegel

Age: 28 years

Net worth: $4.1B

Evan Spiegel is the co-founder and CEO of Snap Inc, a camera company which operates Snapchat — a photo messaging service that delivers temporary photos between friends. Spiegel studied product design at Stanford University, where he met his co-founder and fellow billionaire, Bobby Murphy. Evan Spiegel is 28 years old and has a net worth of $4.1 billion.

5. Ludwig Theodor Braun

Age: 28 years

Net worth: $1.7B

Ludwig Theodor Braun owns 10% of the medical device company B. Braun Melsungen, which was founded in 1839 as a small pharmacy that sold herbal remedies and is now a major medical instruments firm. His father took over the reins of the company in 1977.

6. John Collison

Age: 28 years

Net worth: $1B

John Collison (born 1990) is an Irish entrepreneur. He is best known for having co-founded Stripe a company that builds software for businesses to plug into websites and apps to instantly connect with credit card and banking systems in order to receive payments with his brother, Patrick. The brothers are worth at least $1.1 billion each, after San Francisco-based Stripe raised $150 million from CapitalG, an investment division of Google parent company Alphabet, and General Catalyst Partners.

John Collison is the owner and co-founder of Stripe, The Irish entrepreneur devised the idea for Stripe with his brother, Patrick, when they were both attending university in Boston. After a recent round of funding, the company is valued at a whopping $20 billion, according to reports.

7. Patrick Collison

Age: 30 years

Net worth: $1B

Brother of John Collison, Patrick is the co-founder and CEO of Stripe, the company that allows businesses and individuals to easily accept payment over the internet. Stripe’s big-name investors include Elon Musk and Peter Thiel.

8. Bobby Murphy

Age: 30 years

Net worth: $4.2B

Bobby Murphy is the second half of the co-founding pair that brought Snap Inc to the marketplace, and he also owns the company. Murphy is older than his fellow co-founder Spiegel and studied mathematics and computational science at Stanford University.

9. Wang Han

Age: 30 years

Net worth: $1.2B

Wang Han inherited wealth from the shares he holds in Juneyao Air, a major airline company based in Shanghai. He inherited the shares from his deceased father who founded Juneyao Group which also has business involvement in retailing, education, and food.

10. Eva Maria Braun-Luedicke

Age: 31 years

Net worth: $2B

Eva Maria Braun-Luedicke own 12% of B. Braun Melsungen. The company manufactures injection solutions and surgical instruments. It had over $7.9 billion in sales for 2017.

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About Jayamma Abanobi

Jayamma Abanobi is a youth blogger passionate about writing. He can be reached via email abanobijay@gmail.com

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