Checkout the Top 10 Youngest Billionaires in the World.
Young people are the leaders of today and some have really proved that to be true. As early as 20 years, some young people have been to accumulate wealth that will take them 10 lifetimes to spend. With the fast pace at which young people are amassing great wealth, it wouldn’t be surprised if the world richest person in the next 5 years happens to be someone below the age of 30. Let’s not get too excited since the bigger guys like Bill Gates will continue to make more money as the years pass by.
Today, lets take a look at the “Dada Bees” and “Mama Bees” this year. This compilation was done by Forbes and I will be presenting you with the list from the youngest to the oldest. Aside their names, you deserve to know why they are billionaires and you are… yet to get there!
- Alexandra Andresen (NET WORTH — $1.17 B)
At the age of 20, Alexandra Andresen is the world’s youngest billionaire.She and her sister Katharina, one year her senior, came into their 10-figure-fortunes when their father, Johan Andresen, transferred 42% of family-owned investment company Ferd to each of them. The Andresen family has been a household name in Norway for over 100 years, primarily known for its tobacco brand, Tiedemanns. In 2005 the family sold its stake in the tobacco business to Skandinavisk Tobakskompagni for $480 million. Today Ferd runs hedge funds, is an active investor on the Nordic stock exchange, and has private equity investments. Neither Alexandra nor Katharina works for the company, which is still run by their father Johan who controls 70% of the votes via a dual-class share structure. Alexandra is a three-time junior Norwegian champion in dressage riding.
- Katharina Andresen (NET WORTH— $1.17 B)
Katharina Andresen (21) is the world’s second-youngest billionaire. She and her sister Alexandra, age 20, came into their 10-figure-fortunes when their father, Johan Andresen, transferred 42% of the family-owned investment company, Ferd, to each of them. The Andresen family has been a household name in Norway for over 100 years, primarily known for its tobacco brand Tiedemanns. In 2005 the family sold its stake in the tobacco business to Skandinavisk Tobakskompagni for $480 million. Today Ferd runs hedge funds, is an active investor on the Nordic stock exchange, and has private equity investments. Neither Alexandra nor Katharina works for the company, which is still run by their father Johan who controls 70% of the votes via a dual-class share structure. Katharina is currently studying at Amsterdam University College.
- Gustav Magnar Witzoe (NET WORTH- $1.36 B)
Gustav Magnar Witzoe, 23, owns 47% of Salmar ASA’s equity, which was gifted to him in 2013 by his father Gustav Witzoe. The Norwegian salmon producer, one of the world’s largest, was founded by the elder Witzoe in 1991. Salmar has led the industrialization of fish farming in Norway, refining the product that before primarily had been exported as gutted and frozen into a more sophisticated cuts with higher margins. Fish farming is now one of Norway’s biggest industries. Witzoe’s father still runs the company. The younger Witzoe, meanwhile, is trying to make his own mark investing in real estate and as a tech start-up investor.
- Evan Spiegel (26), Cofounder, Snap (NET WORTH– $4.6 B)
- Snapchat creator Spiegel became the youngest public company CEO when Snap began trading in March 2017.
- Each day some 150 million people, mostly teens and millennials, use Snapchat to send disappearing messages.
- Spiegel cofounded the company with Murphy, a Stanford University fraternity brother, in 2011.
- Spiegel and Murphy each own about 18% of Snap but have voting shares that give them control over the board.
- John Collison (26) Cofounder, Stripe (NET WORTH – $1.1 B)
John Collison is cofounder and president of Stripe, the company that lets businesses and individuals easily accept payments over the internet. His 550-person startup processes billions of dollars in transactions per year in 25 different countries. In November 2016 Stripe closed a $150 million funding round that valued the business at $9.2 billion. The transaction turned Collison into the world’s youngest self-made billionaire. He and his brother Patrick hatched the idea for Stripe during a vacation to South Africa while John was still an undergrad studying physics at Harvard; the pair launched the company in 2010. Despite their young age, this isn’t the brothers’ first success. They previously founded Auctomatic, which helped manage transactions for sellers on sites like Amazon and eBay. They sold the business to Live Current Media for $5 million in 2008, becoming teenage millionaires. Collison was born and raised in the countryside near Limerick, Ireland, where his parents ran a lakeside hotel. He and Patrick took up coding as kids, competing against each other to master the craft.
- Ludwig Theodor Braun (27), NET WORTH – $1.12 B
Ludwig Theodor Braun is the youngest son of Ludwig Georg Braun, who took over B. Braun Melsungen AG in 1977 — when the company had just $24 million in annual sales — and turned it into one of the world’s largest manufacturers of medical products. Employing some 54,000 people globally and generating around $6.5 billion in annual revenue, the company has four divisions: Hospital Care, whose products include infusion and injection solutions; Aesculap, a manufacturer of surgical instruments and devices; OPM (outpatient market), which sells medical products to practitioners outside of the hospital market; and Avitum, a provider of dialysis and other technologies relating to blood treatment. Ludwig Theodor owns almost 10% of the family company.
- Bobby Murphy (28) Cofounder, Snap (NET WORTH$4.6 B)
Murphy cofounded Snapchat parent Snap Inc., which debuted on the New York Stock Exchange in March 2017.
Snapchat lets users share ephemeral messages or photos and videos with captions, masks and filters.
Most of Snapchat’s 150 million daily users are between the ages of 18 and 34 years old.
Snap launched video-capturing sunglasses called Spectacles in 2016.
Murphy built Snap with his Stanford University fraternity brother Evan Spiegel.
- Patrick Collison (28) Cofounder, Stripe (NET WORTH- $1.1 B)
Stripe cofounder and CEO Patrick Collison has changed the way the world pays for goods and services. His 550-person company lets businesses and individuals easily accept payments over the internet, and now processes billions of dollars in transactions per year in 25 different countries. Collison, an MIT grad, launched Stripe with his brother John in 2010. The company raised $150 million at a $9.2 billion valuation in November 2016, turning the two twenty-somethings into billionaires. This isn’t the first time the brothers have worked together. They previously founded Auctomatic, which helped manage transactions for sellers on sites like Amazon and eBay. It was acquired by Live Current Media in 2008 for $5 million, in a transaction that made the then teenagers millionaires. Patrick, who now lives in San Francisco, CA, was born and raised in the countryside near Limerick, Ireland, where his parents ran a lakeside hotel. He and John both took up coding as kids, competing against each other to master the craft.
- Wang Han (29), NET WORTH – $1.22 B
Wan Han’s wealth mainly comes from shares in Juneyao Air that he inherited from his deceased father Wang Junyao, the founder of Juneyao Group. Juneyao also has business interests in retailing, education, culture and food.
- Lukas Walton (30) – NET WORTH- $11.9 B
Lukas Walton is the grandson of Wal-Mart founder Sam Walton.
He inherited his fortune when his father, John Walton, died in a 2005 plane crash.
He received about one-third of his father’s estate; his mother, Christy Walton, got about one-sixth.
He owns stakes in Wal-Mart, First Solar and Arvest Bank, though he does not work for the companies.
Little is known about Walton, who is said to be an active investor and philanthropist.