The Youngest Billionaires In The World

By Jason Shvili on May 12 2020 in Economics

Kylie Jenner is the world's youngest Billionaire at the age of 23
  • Lukas Walton has donated millions of dollars towards environmental causes.
  • Patrick and John Collison grew up in the Irish countryside. Their parents ran a lakeside hotel.
  • Katharina Andresen likes to post her shopping trips on Instagram.

According to Forbes magazine, there are 2,095 billionaires in the world. More than half of them are between the ages of 50 and 70, but there are a handful who managed to snag their billions at a very young age. Actually, there are 47 billionaires in the world who are under the age of 40. Here are 10 of the world’s youngest billionaires, from the oldest to the youngest:

10. Lukas Walton

Walton inherited his billions from his father, John Walton, the son of Sam Walton, who was the founder of Walmart. In 2015, John Walton was killed in a plane crash, after which his son Lukas reportedly inherited a third of his fortune. Lukas Walton is just 34 years of age and has a net worth of $18.8 billion. 

9. Bobby Murphy

Murphy is the co-founder of a social media company, Snap Inc., which is the maker of the popular smartphone app, Snapchat. He created the app along with his fraternity brother, Evan Spiegel while attending Stanford University. The California native now serves as the company’s chief technology officer and has a net worth of $3.7 billion. He is just 32 years of age.

8. Patrick Collison

Collison is the co-founder of Stripe, a company that manages online payments. He is now the company’s CEO and has a net worth of $3.2 billion. Like Bobby Murphy and Evan Spiegal, Patrick Collison co-created Stripe while studying in university; MIT, to be exact. He is 32 years old.

7. Evan Spiegal

Spiegel is the other co-founder of Snap Inc. He is now the company’s CEO. At 29 years of age, he is one of only three self-made billionaires in the world under the age of 30. Even before becoming a billionaire, Spiegel was no stranger to a rich lifestyle. He grew up in a two million dollar home in Pacific Palisades, a wealthy neighborhood in Los Angeles. It looks like he’ll be living better than his parents though, as he has a net worth of $3.7 billion.

6. John Collison

John Collison is the other co-founder of Stripe. He is also Patrick Collison’s brother. Although now coming upon his 30th birthday, he was just 19 years old when he and his brother began developing Stripe. At the age of 27, he was the world’s youngest self-made billionaire. Today, his net worth is $3.2 billion.

5. Jonathan Kwok

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Jonathan Kwok inherited his fortune from his father, Walter, who was the chairman of Sun Hung Kai Properties (SHKP), Hong Kong’s largest real estate developer. Jonathan and his older brother, Geoffrey, also took over Empire Group Holdings, which their father started before passing away in 2018. Jonathan Kwok's net worth of $2.1 billion. He is just 28 years of age.

4. Gustav Magnar Witzoe

Witzoe makes his money with fish. To be more precise, he owns almost half of SalMar ASA, one of the world’s largest producers of salmon, and the company that led the way to the industrialization of salmon farming in Norway. He inherited his stake from his father, Gustav Witzoe Sr., who is still in charge of running the company’s day-to-day operations. Nevertheless, he is intent on making his own legacy, investing in real estate and tech startups. He is now 27 years of age with a net worth of $2.3 billion.

3. Katharina Andresen

Katharina and her younger sister, Alexandra, are the daughters of Johan H. Andresen Jr., who owns Ferd, a Norwegian investment company that manages hedge funds, actively invests in the Nordic Stock Exchange, and boasts a substantial private equity portfolio. Katharina likes to use her Instagram page to display her designer clothes, which include expensive brands like Christian Louboutin and Rolex. Her net worth is $1.2 billion, and she is just 25 years old.

2. Alexandra Andresen

Alexandra is Katharina’s younger sister. Their father gave them the majority of his shares in Ferd in 2007. In addition to her investment portfolio, Alexandra is a competitive horseback rider, sponsored by equestrian brands, Kingsland and Samshield. She is just a year younger than Katharina and shares the same net worth, $1.2 billion.

1. Kylie Jenner

Jenner is now the world’s youngest billionaire. Lately, she’s been making her name as an entrepreneur, but before that, she became famous for her appearance on E! reality TV show, Keeping up with the Kardashians. She was just 14 when she and her sister, Kendall, started their own clothing line, Kendall & Kylie. In 2015, Kylie Jenner started a cosmetics company, Kylie Lip Kits, which she subsequently rebranded under the name Kylie Cosmetics. She has a net worth of $1 billion and is just 23 years old.

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