Top 10 Youngest Billionaire in the World

Top 10 Youngest Billionaire in the World: Age is just a number, and a few young people proved it right. Read along to find the inspiring stories of young minds who proved that a person is not too young for big responsibilities. From an 18-year-old drugstore heir to a self-made billionaire, here’s a list of people who made it big at a very young age. These are the people who proved that you don’t necessarily have to old to be wise and should never wait for a certain age to start living the life you want. Check out the list below to know a thing or two about the young and inspiring lives.

Top 10 Youngest Billionaire in the World

1. Kevin David Lehmann

Kevin Lehmann is an 18-year-old German teenager and is the youngest billionaire worldwide, with a fortune of $3.3 billion. David inherited his wealth from his father, Guenther Lehmann, through the drug store chain ‘dm-drogerie mrkt’ owned by them which is also the leading drugstore chain in Germany. It has over 2,000 stores throughout Germany. Kevin Lehmann is also one of just a handful of billionaires to make it the list while still being a teenager. Little is known about this father-son duo, and neither of them is actively involved in the company.

2. Wang Zelong

Wang Zelong from China is the second youngest billionaire with a net worth of $1.5 billion. Wang Zelong’s fortune comes from stakes in CNNC Hua Yuan Titanium Dioxide Co.which trades on the Shenzhen stock exchange. The company is a producer of titanium dioxide pigment, a white pigment that can be used in coatings, plastics, and other materials.

3. Alexandra Andresen

Alexandra Andresen is a Norwegian heiress with a net worth of $1.4 billion, who became the world’s youngest billionaire at the age of 19 in the year 2007. Alexandra and her sister inherited ownership stakes of 42.2% from her industrialist father, Johan H Andresen. The family owns the investment company ‘Fred.’ Andresen’s father still manages the company and controls over 70% of the votes.

4. Katharina Andresen

Katharina Andresen is the elder daughter of Johan H Andersen and inherited ownership stakes of 42.2% and her sister, Alexandra Andersen.  They own a family-run investment company, Fred.  Their company runs hedge funds and is an active investor on the Nordic stock exchange. Her current net worth is around $1.4 billion.

5. Austin Russell

Austin Rusell is a self-made billionaire from California with a net worth of $2.4 billion and is a college dropout. Austin, an optics prodigy, founded and runs automotive sensor firm Luminar Technologies. His company develops sensors for self-driving cars, which helps these self-driving vehicles ‘see’ their surroundings. He has always claimed that he has learned most of what he knows from the internet. He got a place in the list of the world’s youngest billionaire at the age of 25 following Luminar’s listing on Nasdaq.

6. Gustav Magnar Witzoe

Gustav Magnar Witzoe is a Norwegian who inherited his wealth from his father in the year 2013 and, as a result, now owns nearly half of Salmar ASA. His current net worth is $4.4 billion. Salmar ASA is one of the world’s largest salmon producers, founded by his father, Gustav Witzoe, in 1991, which led to the industrialization of fish farming in Norway. Despite being a billionaire heir, Magnar is working hard to make his own mark by investing in real estate and tech start-ups and developing apps. Recently he also signed with one of the biggest models agencies in the world, Next Models Worldwide.

7. Andy Fang

Andy Fang is a self-made Chinese-American billionaire with a net worth of $2 billion and is a tech entrepreneur, best known as the co-founder of ‘DoorDash,’ an online food ordering and food delivery platform. Fang is a Stanford graduate. He also serves as the chief technology officer at the company. DoorDash listed its shares on the New York Stock Exchange in December 2020, and Fang owns about 4% of the stakes.

8. Stanley Tang

Stanley Tang is the co-founder and head of labs at ‘DoorDash,’ an online food ordering and food delivery platform. The company went public in the year 2012. Stanley is from San Francisco and is a Stanford graduate. Stanley’s current net worth is $2 billion.

9. Sam Bankman-Fried

This self-made billionaire is an MIT graduate and a former Wallstreet ETF trader. He launched FTX, a crypto derivatives exchange, in 2019 and found a quantitative crypto trading firm,  Alameda Research. He is often praised for running a more reliable crypto exchange than most of his competitors. FTX’s policy of donating 1% of its revenue to charity is also one of the factors that stands out. FTX was also one of the major crypto exchanges to offer tokenized stocks. Bankman-Fried once stated that his goal is to make as much money as possible so that he can give away as much as possible. His current net worth is $8.7 billion.

10. Jonathan Kwok

Jonathan Kwok is the younger son of late Walter Kwok with a net worth of $2.4 billion. Jonathon, along with his brother, inherited the stake in Sun Hung Kai Properties from their father. Sun Hung Kai Properties is Hong Kong’s largest developer. Walter dies in the year 2018, at the age of 68. The brothers inherited Walter’s direct stakes in Sun Hung Kai Properties and are also the beneficiaries of one-third of five large family trusts held by their grandmother.

Takeaways (Top 10 Youngest Billionaire in the World)

This list consists of all the young names and their stories to becoming what they are today. Being a self-made billionaire is very tough, but so is being an heiress to the title; both paths have their own struggles and risks. Being on top comes with a lot more responsibilities as you have to always look beyond just yourself. All these names are an inspiration not just to the youngsters out there but to the whole world, and every story can help you learn a thing or two about life.