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Who Are the Youngest Billionaires?
Who Are the Youngest Billionaires?

The Forbes 2020 World's Billionaires List counts 2095 billionaires worldwide, just 10 of whom are under 30. In contrast, there are 61 billionaires aged 90 or above; the world's oldest billionaire, Chang Yun Chung, is 101 years old. Of the 10 billionaires under 30 on this list, only three are self-made. Three of the entrants — Elisabeth Furtwaengler, Pedro de Godoy Bueno, and Lisa Draexlmaier — are included in the list for the first time this year, have increased their net worth to over a billion dollars despite global market trends. Collectively, these 10 billionaires are worth $15.9 billion, and hail from seven countries worldwide.

01

Kylie Jenner

LAS VEGAS, NV - APRIL 22:  Television personality Kylie Jenner poses inside Sugar Factory American Brasserie at the Fashion Show mall on April 22, 2017 in Las Vegas, Nevada.  Ethan Miller / Getty Images

Famous for her role in the reality TV series Keeping Up with the Kardashians, Kylie Jenner earned her fortune through cosmetics company Kylie Cosmetics. At 22 years old, Jenner is the youngest billionaire and sparked controversy last year when she was named by Forbes as the world’s youngest self-made billionaire. Jenner is valued at $1 billion, though real-time estimates put her current fortune at $900 million.

02

Alexandra Andresen

Instagram photo from alexandraandresenalexandraandresen

23-year-old Norwegian Alexandra Andresen owes her $1.1 billion fortune to the investment company Ferd. Andresen inherited 42% of the family-owned business, which runs hedge funds, and actively invests in the Nordic stock exchange as well as private equity investments. Andresen held the position of the world’s youngest billionaire until 2019.

03

Katharina Andresen

Instagram photo from kgandresenkgandresen

At the age of 25, Katharina Andresen is the third-youngest billionaire. Like her younger sister Alexandra, Katharina Andresen inherited 42% of Ferd, placing her net worth at $1.1 billion. The Andresen’s father, Johan, still runs the investment company and, owing to a dual-class share structure, controls 70% of the shares.

04

Gustav Magnar Witzoe

Instagram photo from guswitzoeguswitzoe

Gustav Magnar Witzoe owns nearly half of salmon producer Salmar ASA. His father Gustav, who founded and still runs Salmar ASA, gifted Witzoe his stake in 2013. Witzoe’s net worth is valued at $2.3 billion, which the 27-year-old currently uses to invest in real estate and tech startups.

05

Jonathan Kwok

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28-year-old Jonathan Kwok inherited his $2 billion fortune from his late father. Kwok’s father, Walter Kwok, ran Sun Hung Kai Properties, Hong Kong’s largest property developer until he was ousted as company chairman by his brothers. Kwok, along with his brother Geoffrey, currently runs another property developer started by his father, Empire Group Holdings.

06

Elisabeth Furtwaengler

MUNICH, GERMANY - JUNE 29:  Maria Furtwaengler, Leonille Elisabeth Judith Maria Anna Prinzessin zu Sayn-Wittgenstein-Sayn and Sunnyi Melles attend the FFF reception during the Munich Film Festival 2017 at Praterinsel on June 29, 2017 in Munich, Germany.  Hannes Magerstaedt / Getty Images

At 28 years old, German Elisabeth Furtwaengler is valued at $1.2 billion. Furtwaengler owns 25% of her father’s company, Burda Media Group, which has a portfolio of over 600 media products, including the German editions of Harper’s Bazaar and Elle magazine. In addition to sitting on Burda Media Group’s board of directors, Furtwaengler is a musician who performs under the stage name Lisa Fou.

07

John Collison

NEW YORK, NY - MAY 06:  John Collison speaks at TechCrunch Disrupt NY 2014 - Day 2 on May 6, 2014 in New York City. Brian Ach / Getty Images

With a net worth valued at $3.2 billion, John Collison is the world’s richest person under 30. Collison is the president and co-founder of the company Stripe, which he started with his brother John while studying at MIT. Stripe, an online payment processing platform, was valued at $35 billion in 2019 after its latest funding round.

08

Evan Spiegel

SUN VALLEY, ID - JULY 10: Evan Spiegel, chief executive officer of Snap Inc., attends the annual Allen & Company Sun Valley Conference, July 10, 2019 in Sun Valley, Idaho. Every July, some of the world's most wealthy and powerful businesspeople from the media, finance, and technology spheres converge at the Sun Valley Resort for the exclusive weeklong conference. Drew Angerer / Getty Images

Evan Spiegel, along with Jenner and Collinson, is one of only three self-made billionaires under 30 in the world. Spiegel, whose net worth is valued at $1.9 billion, created Snap in 2011 at Stanford University. Along with co-founder Bobby Murphy, Spiegel possesses a voting majority over the snap board. As of 2020, Snapchat has 229 million active daily users worldwide.

09

Pedro de Godoy Bueno

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Pedro de Godoy Bueno became Brazil’s youngest billionaire at the age of 29. De Godoy Bueno is the CEO of Diagnosticos da America SA, a Brazilian laboratory company. He inherited his $1.1 billion fortune from his father, Edson de Godoy Bueno, who was Brazil’s richest healthcare billionaire before he died in 2017. Edson de Godoy Bueno left the bulk of his estate to Pedro de Godoy Bueno and his sister, Camilla de Godoy Bueno Grossi, who is also a billionaire.

10

Lisa Draexlmaier

draexlmaier.com

At 29 years old, and with a net worth of $1 billion, German Lisa Draexlmaier rounds out the world’s youngest billionaires. Draexlmaeir is the sole owner of Fritz Draexlmaier Holding GmbH, an auto parts maker that sells to companies including Audi, BMW, Mercedez-Benz, and Tesla. Fritz Draexlmaier Holding GmbH is run by Lisa Draexlmaier and her father, Fritz Draexlmaier.

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