Net worths were calculated using stock prices and exchange rates from March 5, 2021. Total billionaire wealth grew by 121 per cent from US$6.3 trillion to US$14 trillion over the last decade. In total, billionaires accounting for more than US$400 billion (S$536 billion) have emigrated in the past four years, with the Middle East and Africa region attracting the most billionaire capital. Lukas Walton is wealthy due to inheritance — he is the grandson of Sam Walton, founder of Walmart.
- Born on February 1, 2018, Stormi Webster is the eldest child of Kylie Jenner and Travis Scott.
- They received their minority stakes in Tata after the 2022 death of their father, Cyrus Mistry, who died less than three months after their revered grandfather Pallonji Mistry.
- She and her sister, 26-year-old Dora Voigt de Assis, who also has a net worth of $1.1 billion, are the granddaughters of Brazilian billionaire Werner Ricardo Voigt.
Although Jacques Marquis of Baux has two other elder siblings, he is next in line to inherit the throne and the family fortune from his father. Jonathan Kwok, also 28, is worth $2 billion from his inherited stake in Sun Hung Kai Properties, Hong Kong’s largest developer. Let’s look at the list of the top ten youngest billionaires in the world and see how these people amassed their great wealth. Regardless of how they came top 10 youngest billionaires in the world by their wealth, today’s young billionaires are not just building empires; they are shaping the future. They remind us that dreams can come true when pursued with passion and perseverance.
Age: 26 Citizenship: China Source of Wealth: Pigment production Net Worth: $1.4 Billion
He inherited 49% of Red Bull when his father Dietrich Mateschitz, who founded the business in 1984, died in 2022. Red Bull generated $11.6 billion in revenue last year and sold 12.1 billion cans, enough for each person on earth to pep up with 1.5 energy drinks. The Andresen sisters each inherited 42% of Ferd, a Bærum, Norway-based investment company that reels in about $2 billion in annual revenue. He is also one of just four self-made billionaires in their 20s—all new—who made this year’s Forbes World’s Billionaires list. The others include Andy Fang and Stanley Tang, both 28, who joined the three comma club after the food delivery service that they founded in 2013, DoorDash, went public in December. Like the heirs to the Walton family fortune, Scott Duncan is wealthy from a vast inheritance.
Though he and his brothers are Irish citizens, they live in Mumbai, where both the SP Group and Tata are based. Though Bobby Murphy serves as chief technology officer at Snap, he built wealth as a cofounder and stakeholder of the social media company he now helps to run. Snap shares have risen dramatically since it first went public in 2017. Clemente Del Vecchio is the youngest of the Italian brothers on the under-30 list at 20 years old. He was only two months shy of being declared the youngest billionaire in the world by Forbes.
Kevin David Lehmann
Despite owning nearly one-third of his current company, Facebook is simply so huge that his pittance of shares in the tech giant are extremely valuable. Brian Armstrong serves as the CEO of Coinbase, the largest US-based cryptocurrency trading firm. He has amassed vast wealth due to his stake in the company — he owns nearly one-fifth of Coinbase’s shares. Coinbase went public this past April at a valuation of about $100 billion.
On the other hand, real estate billionaires have lagged due to China property malaise, the pandemic impact on commercial property space and the higher interest rates in the US and Europe from 2022. “Since 2020, they have relocated more frequently, with 176 billionaires having moved from a total population of 2,682 in April 2024. On an average basis, the wealth of billionaires in Singapore rose 27 per cent from US$2.6 billion in 2015 to US$3.3 billion in 2024, UBS said. The pace of growth is more significant considering Singapore was home to only 17 billionaires with a total wealth of US$44.5 billion in 2015. This compares with 41 billionaires with a total wealth of US$135.8 billion in 2023, said the report which tracks the wealth of more than 2,500 billionaires globally over the past 10 years.
Year-Old Student Is World’s Youngest Billionaire. Her Net Worth Is…
He then started property developer Empire Group Holdings, which Jonathan and Geoffrey now run. Austin Russell spent his teens doing research at the University of California at Irvine’s Beckman Laser Institute. Its sensors now help self-driving cars of such customers as Volvo, Toyota and Intel’s Mobileye see in 3D. The company listed via a SPAC merger in December 2020, catapulting him into the billionaire ranks overnight. At age 26, he is the world’s youngest self-made billionaire now that Kylie Jenner, 23, has fallen from the ranks. There are just ten billionaires under age 30 on Forbes’ 2021 list of the world’s wealthiest people—and they’re worth a collective $29.5 billion.
Age: 20 Citizenship: Germany Source of Wealth: Drugstores Net Worth: $2.3 Billion
In the United States, Baby Boomers and their elders (those born in 1964 or earlier) hold $95.9 trillion of a total $147.1 trillion of household wealth, per the Federal Reserve. Trillions are expected to change hands every year as the affluent elderly pass away and leave their fortunes to descendants. Aging billionaires like Charles Koch, 88, and Phil Knight, 86, are currently preparing to pass their inheritances on to their children. DoorDash, the food delivery app Fang and Tang cofounded in 2013, became more prevalent (and valuable) than ever during the pandemic as restaurants and customers pivoted to delivery. Fang previously served as the company’s chief technology officer, while Tang was the chief product officer. MIT grad and former Wall Street trader Sam Bankman-Fried, 29, who founded and runs two crypto firms, Alameda Research and FTX, is by far the wealthiest twenty-something, with a net worth of $8.7 billion.