July 24, 2021

Forbes Ranking 2020: Who Are The 10 Youngest Billionaires In The World?

Of the 2,095 billionaires in the world, only ten are 30 years of age or younger. Together, this group of early billionaires is worth $ 15.9 billion. They are native to the United States, Brazil, d‘Germany, Hong Kong, Ireland and Norway.

Despite the fall in world markets as a result of the COVID-19, three people under 30 appear in the ranking for the first time this year. Pedro by Godoy Well, 29, inherited property from her billionaire father, Edson by Godoy Well, who died in 2017. Pedro’s fortune soared last year to around 1.1 billion of dollars while the capital of the Brazilian laboratory services company Diagnostics gives America TO tripled. The second newcomer in the ranking is Lisa Draexlmaier, 29, who owns and co-general manager (with his father Fritz) of the holding company of the German auto parts manufacturer Fritz Draexlmaier Co & KG. Elizabeth Furtwaenger, 28, now worth 1.2 billion dollars after his father Hubert Here gave him a 37.4% stake in the family media empire.

Only three members of this elite are self-imposed billionaires: Evan Spiegel, PDG of Snapchat, John Collison of the payment start-up Stripe, and Kylie Jenner, makeup mogul. In November, she struck a deal to sell a 51% share of Kylie Cosmetics to beauty giant, Coty Inc. Jenner recently donated $ 1 million to Cedars-Sinai Medical Center in Los Angeles, the hospital where she gave birth to her daughter Stormi in 2018, to purchase personal protective equipment such as masks and face shields.

Collison, born and raised in Limerick, Ireland but now living in San Francisco, is the richest billionaires under the age of 30, with a fortune of $ 3.2 billion. The value of one’s share in private society Stripe nearly tripled in the past two years thanks to three nine-digit funding rounds. The most recent, a $ 250 million Series G in September, assessed Stripe to $ 35 billion.

The other seven billionaires under 30 have all inherited their wealth. Jonathan Kwok, 28, became a billionaire in turn after the death of his father, Walter Kwok, Hong Kong real estate mogul, in 2018. Alexandra Andresen, now 23, has been a billionaire since the age of 19 thanks to her stake in Journey, the Norwegian investment company that his father still runs.

Here are the 10 youngest members of the 2020 billionaire rankings, starting with the youngest. Net worth was calculated using stock prices and exchange rates for March 18, 2020:

#1 : KYLIE JENNER

Age : 22 years old
Net worth : $ 1 billion
Source of wealth : Cosmetics

Source : Getty Images

This famous makeup mogul is the world’s youngest billionaire personality. In November, she struck a deal to sell a share of 51% de Kylie Cosmetics to beauty giant, Coty Inc., for $ 600 million.

#2 : ALEXANDRA ANDRESEN

Age : 23 years
Net worth : 1,1 billion of dollars
Source of wealth : Business investment

#3 : KATHARINA ANDRESEN

Age : 24 years
Net worth : $ 1.1 billion
Source of wealth : Business investment

The Norwegian sisters each inherited 42% of the family investment company, Journey, in 2007. Their father, Johan, still runs Journey and controls 70% of the voting rights through a two-tier share structure.

#4 : GUSTAV MAGNAR WITZOE

Age : 26 years
Net worth : $ 2.3 billion
Source of wealth : Breeding of fish

Witzoe owns almost half of Salmar ASA, one of the largest salmon producers in the world, which is still run by his father. The Norwegian heir has tried his hand at modeling as well as technological and real estate investment.

#5 : ELIZABETH FURTWAENGER

Age : 28 years
Net worth : 1,2 billion of dollars
Source of wealth : Media

Furtwaenger and his older brother, Jacob, each received from their father, Hubert Here, who is no longer a billionaire, a 37.4% share in the family’s German media company. The titles of Here Media include the German editions of It and Playboy. Furtwaenger and his brother Jacob sit on the board of directors.

#6 : JONATHAN KWOK

Age : 28 years
Net worth : $ 2 billion
Source of wealth : Immovable

Kwok, along with his older brother Geoffrey, inherited ownership of the shares in 2018 from their father, Walter Kwok, in Sun. Hung Kai Properties, Hong Kong’s biggest promoter. Actions of NES, a Hong Kong-listed company, have fallen nearly 18% since the outbreak of the coronavirus earlier this year.

#7 : JOHN COLLISON

Age : 29 years
Net worth : $ 3.2 billion
Source of wealth : STRIPE

Stripe, the payments company founded by John and his older brother Patrick, raised $ 250 million from investors in a $ 35 billion valuation in September 2019. John, born and raised near Limerick, Ireland, now lives in San Francisco, where the headquarters of Stripe.

#8 : EVAN SPIEGEL

Age : 29 years
Net worth : 1,9 billion of dollars
Source of wealth : Snapchat

The co-founder of Snapchat is one of the youngest CEOs of a publicly traded company in the world. After rising in 2019, the action of Snapchat is down 50% since the start of the year. Spiegel, who was born in the United States, became a dual Franco-American citizen in 2018, according to French press reports.

#9 : PEDRO DE GODOY WELL

Age : 29 years
Net worth : 1,1 billion of dollars
Source of wealth : Services Laboratory

New in the ranking of billionaires, Pedro is the son ofEdson by Godoy Well (died in 2017), who was Brazil’s richest health billionaire. Well is the CEO and major shareholder of the laboratory services company Diagnostics gives America TO, which has seen its shares almost triple in the past year.

#10 LISA DRAEXLMAIER

Age : 29 years
Net worth : $ 1 billion
Source of wealth : Car parts

Draexlmaier and his father, Fritz, are co-managing directors of Fritz Draexlmaier Holdings GmbH, the holding company of the auto parts maker of the same name. Lisa, now sole owner, is joining the billionaire list for the first time.

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