In 2021, the world has seen some of the youngest billionaires in history. These people have made their way to the top of Forbes’ list by mastering one skill: making money and lots of it!
The following is a list of these young upstarts who have already managed to amass a fortune that’s worth at least $1 billion dollars or more. In this article, we shall be looking at the world’s top 10 youngest billionaires in 2021 and how they made their fortune.
Youngest Billionaires Kylie Jenner
Age: 23
Net worth: US$1 billion,
Source of wealth: Kylie Cosmetics
Country: United States of America
The youngest of the Kardashian Klan, Kylie Jenner made her fortune through Kylie Cosmetics. She is an American reality television personality and social media star. Kylie’s first cosmetic line was Kylie Lip Kit, which had been Kylie’s idea. Kylie Cosmetics is a makeup line founded by Kylie Jenner and her business partner, Travis Scott. Kylie Cosmetics was launched in 2016.
The World’s Top 10 Youngest Billionaires 2021
10.Jonathan Kwok
Age: 29
Net worth: $2.4 billion
Source of wealth: Real Estate
country: Hong Kong
Jonathan Kwok is one of the youngest billionaires in Hong Kong, with an estimated net worth of US$2.4 billion. He is the younger son of the late Walter Kwok, former chairman of Hong Kong’s largest developer, Sun Hung Kai Properties. Walter was ousted as chairman of Sun Hung Kai in 2008 as a result of a feud with his brothers Thomas and Raymond Kwok.
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After the death of their father in 2018, Jonathan and his brother older Geoffrey took over the Empire Group. And also the Shares of Hong Kong-listed SHKP have declined nearly 18% since the coronavirus outbreak at the start of the year.
9.Sam Bankman-Fried
Age: 29
Net worth: $8.7 billion
Source of wealth: Crypto Trading
Country: United States
Sam Bankman-Fried is a 29-year-old crypto trader and investor. Bankman made his first million at the age of 23 by investing in Bitcoin. Sam is currently worth $8.7billion and his net worth has increased by over 400% in the past year due to him investing heavily into crypto trading.
He is a self-made billionaire and he has no interest in being the next Zuckerberg or Gates, preferring to spend his time with family. Sam is a former member of the New York City Ballet and he also embraces the philosophy called Altruism. He is one of the president’s biggest donors when he gave $5.million to a pro-Biden super PAC.
8.Stanley Tang
Age: 28
Net worth: 2 billion
Source of wealth: DoorDash
Country: United States
Stanley Tang was the CEO and co-founder of DoorDash. DoorDash is a fast-paced, on-demand app that delivers food to your door in an hour or less. Stanley Tang is a former member of the New York City Ballet. He has many interests in life, he likes to spend time with his wife and two children Stanley also enjoys reading and playing the violin.
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The New Yorker magazine reported Stanley Tang is one of Barack Obama’s biggest donors when Stanley gave $500,000 to a pro-Biden super PAC. He is worth about two billion dollars and is ranked number 146 on the Forbes 400 list.
7.Andy Fang
Age: 28
Net worth: $2.Billion
Source of wealth: DoorDash
Country: United States
Andy Fang is the CEO of DoorDash and a former Google executive. Andy was educated at Stanford University and graduated with degrees in Mechanical Engineering and Business and Economics. Fang was an early employee at Google, joining in 2004 as the company’s first product manager for its text ads.
He also led Google’s advertising engineering team. Fang left Google in 2008 to become a founding partner at venture capital firm Sequoia Capital China, where he was the youngest general partner. Andy also served as chairman of the board and as well as the CEO at Tango, a mobile communications company.
6.Gustar Magnar Witzoe
Age: 27
Net worth:$4.4billion
Source of wealth: Fish Farming
Country: Norway
Gustar Magnar Witzoe is 27 years old and has a net worth of $4.4billion. He is the youngest child of the family. Gustar Magnar Witzoe’s father, a fisherman, and merchant in southern Norway died when Gustar Magnar was six years old. He was attending the University of Oslo when his father died.
As a result of that, he was forced to drop out of school and find a job to support his family. Witzoe owns nearly half of SalMar ASA, the Norwegian salmon producer his father founded in 1991.
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5.Austin Russell
Age: 26
Net worth: $2.4billion
Source of wealth: Autonomous Car Tech
Country: United States
Austin Russell became the youngest self-made billionaire in history on March 29, 2016. He is a software engineer and inventor who graduated from Stanford University with a degree in Computer Science. He founded the company Luminar Technologies, Inc.
This company manufactures advanced driver-assistance systems and eventually hopes to produce a self-driving car. Austin also invented lidar, which is a type of sensor that detects objects in the surrounding environment and provides data to autonomous vehicle systems.
Its sensors now help self-driving cars of such customers as Volvo and Toyota by bouncing laser beams off nearby objects and vehicles’ surroundings. Russell owns about a third of the company.
4.Katharina Andresen
Age: 25
Net worth: $1.4billion
Source of wealth: Investment Firm
Country: Norway
Katharina Andresen is a Norwegian entrepreneur. Katharina Andresen is one of the youngest billionaires in Norway. She and her sister inherited 42% of Ferd, a Bærum, Norway-based investment company that reels in about $2 billion in annual revenue. Their father, Johan, still runs the business.
3.Alexandra Andresen
Age: 24
Net worth: $1.4billion
source of wealth: Investment Firm
Country: Norway
Alexandra Andresen is a Norwegian entrepreneur. He inherited 42% of Ferd, which is based in Bærum and has an annual revenue of about $26 billion. Alexandra Andresen is one of the youngest billionaires in Norway and her sister Katharina Andresen is also a billionaire.
2.Wang Zelong
Age: 24
Net worth: $1.5billion
Source of wealth: Pigment Production
Country: China
Wang Zelong is a Chinese entrepreneur. He inherited a stake in Wang Jianlin’s pigments company. And it is worth more than $1.3 billion in CNNC Hua Yuan Titanium Dioxide Co. He is one of the youngest billionaires in China.
Wang Zelong’s pigments company manufactures titanium dioxide pigment, a white pigment, including color for the U.S. Navy, and other materials. It has been in operation since Wang Jianlin’s purchase of the company in 1986.
1.Kevin David Lehmann
Age: 18
Source of wealth: Drugstores
Country: Germany
Kevin David Lehmann is the youngest billionaire in Germany. Kevin founded a company that specializes in retail stores for drugstores, pharmacies, and supermarkets. He is now the world’s youngest billionaire after he officially inherited his father’s 50% stake in the German drugstore chain drogerie market.
Conclusion
The 10 youngest billionaires are the future tycoons of our world. It’s exciting to see such young entrepreneurs be able to grow their empires so quickly and set an example for other children who want to go into business. These are the top 10 youngest billionaires in 2021. What do you think about their success? Please share your thoughts and feedback by leaving us a comment.
