Everyone understands what it means to be a billionaire because everyone aspires to be one. Nobody, however, considers the challenges that must be overcome in order to achieve that level of riches. The road to becoming a billionaire is not smooth, and this is especially true at such a young age. The sheer effort and odds that must be overcome are incredibly inspiring. These are some of the people who become billionaires while still in their teens and twenties.
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Here is a list of the Youngest Billionaires in the world, which will undoubtedly surprise you.
1. Kevin David Lehmann
Age: 18
Net Worth: $3.3 Billion
Source of Wealth: Drugstore
Country: Germany
Kevin David Lehmann, the world’s youngest billionaire, was born at a young age and became the world’s youngest billionaire. Kevin David Lehmann was 14 years old when his father sold a half-share in a German drugstore called Drogerie Markt (DM).
2. Wang Zelong
Age: 24
Net Worth: $1.5 Billion
Source of Wealth: Pigment Production
Country: China
Wang Zelong inherited a share in CNNC Hua Yuan Titanium Dioxide Co., a Shenzhen-listed chemical business. Titanium dioxide pigment, a white pigment that can be utilized in coatings, plastics, ink, and other materials, is produced by the company.
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3. Alexandra Andresen
Age: 24
Net Worth: $1.4 Billion
Source of Wealth: Investment Firm
Country: Norway
Alexandra Gamlemshaug Andresen is an heiress from Norway. At the age of 19, she became one of the world’s youngest billionaires. Alexandra Andresen and her one-year-old sister Katharina each inherited 42% of the family-owned investment firm Ferd. Ferd manages hedge funds, participates in the Nordic stock exchange, and invests in private equity.
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4. Katharina Andresen
Age: 25
Net Worth: $1.4 Billion
Source of Wealth: Investment Firm
Country: Norway
Katharina Gamlemshaug Andresen is an heiress from Norway. She and her one-year-younger sister Alexandra each inherited 42 percent of the family-owned investment firm Ferd. Ferd manages hedge funds, participates in the Nordic stock exchange, and invests in private equity.
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5. Austin Russel
Age: 26
Net Worth: $2.4 Billion
Source of Wealth: Autonomous Car Tech
Country: United States of America
Austin Kingsley Russell is a Newport Beach, California-based entrepreneur and the founder and CEO of Luminar Technologies Inc. Luminar competes with laser lidar manufacturers such as Velodyne and Aeva, who produce high-tech sensors to enable self-driving cars “see” their surroundings.
6. Gustav Magnar Witzoe
Age: 27
Net Worth: $4.5 Billion
Source of Wealth: Fish Farming
Country: Norway
Gustav Magnar Witze is a Norwegian billionaire and a major shareholder in Salmar ASA, a salmon fish farming enterprise. He is one of the youngest billionaires in the world. Salmar has been in the forefront of Norway’s industrialization of fish farming, refining the product into more refined cuts with better margins.
7. Andy Fang
Age: 28
Net Worth: $2.8 Billion
Source of Wealth: Doordash
Country: United States of America
Andy Fang is a tech billionaire who is Chinese-American. He is most known for co-founding and serving as the Chief Technology Officer of DoorDash, which he co-founded in 2013 with Stanley Tang, Tony Xu, and Evan Moore. DoorDash, which has already benefited from food delivery trends, is now expanding into the delivery of alcoholic beverages.
8. Stanley Tang
Age: 28
Net Worth: $2.8 Billion
Source of wealth: Doordash
Country: United States of America
Stanley Tang is a tech billionaire from Hong Kong. Tang owns around 4% of DoorDash, which went public on the New York Stock Exchange in early December 2020, making him one of the world’s youngest billionaires. More than 18 million clients use the service, and 1 million “dashers” bring food from 390,000 retailers.
9. Sam Bankman-Fried
Age: 29
Net Worth: $22.5 Billion
Source of Wealth: Crypto Trading
Country: United States of America
The founder and CEO of FTX, a cryptocurrency exchange, is Sam Bankman-Fried. The 29-year-old Hong Kong native is regarded as the crypto industry’s wealthiest individual. He also manages assets through Alameda Research, a quantitative bitcoin trading firm. His crypto-currency business, Alameda Research, now generates $2 billion in day revenue, demonstrating crypto’s growing market strength.
10. Jonathan Kwok
Age: 29
Net Worth: $2.4 Billion
Source of Wealth: Real Estate
Country: Hong Kong
Jonathan Kwok is the younger son of the late Walter Kwok, the former chairman of Sun Hung Kai Properties, Hong Kong’s largest developer. Walter passed away on October 20, 2018, at the age of 68. In 2008, he was forced to resign as chairman of the company due to a conflict with his two brothers, Thomas and Raymond. Jonathan and his brother, Geoffrey, took over Empire Group Holdings.
