The young population of the world has been as influential as it has been rapidly growing. Characterized by diverse and unique talents, this population has made its presence clearly felt. Making up 3% of the world’s billionaire population, the future definitely belongs to the youth.
They have gained their respective fortunes through different channels with the most common means being an inheritance. Parents have the future of their children at heart as they go about their wealth-growing endeavors. Securing the financial future of the generations to come is as much of a priority as any other agenda. This has effectively culminated to the transition of wealth to chosen individuals.
Below is a list of ten of the world’s youngest billionaires.
At 24 years of age with a net worth of $1.4B, Alexandra Andresen is the world`s youngest billionaire. The Norwegian heiress was born in 1996 and acquired her fortune from her father Johan H. Andresen Jr who owned Ferd, a Norwegian Investment Company that runs hedge funds and actively invests in the Nordic Stock Exchange but has private equity investments. It’s from Ferd that Alexandra and her sister Katrina were transferred 42.2% ownership stakes and the money thereof as their inheritance when Joan passed in 2007. She also modelled for Kings Land Clothing company.
Katrina Andresen being the sister to Alexandra Andresen also inherited 42.2% ownership stakes of Ferd. Katrina has the same net worth as her sister Alexandra of $1.4B, and the only thing that separates the two is age, Katrina being older with 25years. In 2017 she was fined for drunk driving in her Audi Q3.
Gustav Magnar Witzoe
Gustav Magner Witzoe is the third-youngest billionaire with a net worth of $3B at 28years.he owns nearly half of SalMar ASA, one of the world’s largest salmon producer. This stake was given to him by his father Gustav Magnar Sr who started SalMar in 1991 spearheading industrialization of salmon farming in Norway. Though Witzoe has diverted to investing in real estate and new tech startups leaving his father to run SalMar earning him his fortune.
Evan Spiegel Age 30 is a tech entrepreneur and the co-founder of Snap Inc, the company that runs Snapchat a photo messaging service that allows the exchange of temporary photos between friends where Evan is also the CEO owing to his $2.5B. Spiegel went to Stanford University where he studied product design same class in which he met his friend and co-founder, also a fellow billionaire Bobby Murphy.
Ludwig Theodor Braun
Ludwig Theodor Braun owns 10% of Braun Melsungen, a medical device company that was founded in 1839 as a small pharmacy selling herbal remedies now upgraded to a major medical instruments firm. Ludwig`s father took possession of the firm in 1977.
John Collison Age 30 with a net worth of $2.1B, is an Irish Entrepreneur that came up the idea for stripe. Stripe is a Software Developing company that builds software for businesses to plug into their websites and apps for connecting with credit cards and banking systems for payments made online. He is a co-founder to his brother Patrick Collison who helped him develop stripe.
Patrick Collison Age 32 with a $2.1B net worth is the brother to John Collison and also the CEO for Stripe, a company that allows for internet payments over the internet enabling business between individuals and companies. After a recent round off the company is valued at $20B with Elon Musk and Peter Thiel being its most prominent investors.
At 32years with a standing net worth of $2.1B is the world`s eighth youngest billionaire owing his wealth to his co-founding at Snap Inc. Murphy is older than Spiegel, and he also studied mathematics and computer science at Stanford University.
Wang Han is 32 years old with a net worth of $856M that he got from owing ownership stakes in Juneyao, a major airline company based in Shanghai that he inherited from his deceased father. Wang`s father started Juneyao Group business, and it is also involved in Education, retailing and food businesses.
Eva Maria Braun-Luedicke
Eva Maria Braun-Luedicke Age 33years has a net worth of a whopping $1.3B. Maria is a cousin to Ludwig Theodor Braun and owns 12% of B. Braun Melsungen, a company that manufactures injection solutions and surgical instruments. As at 2017 B. Braun Melsungen was valued at $7.9B.
There is a rapid growth of young people emerging from all around the globe who have tapped into their entrepreneurial skills and are flourishing at it. Developing various innovations as well as making optimal use of already established models, these young individuals are showing that generating wealth is a real possibility.
With their acquired wealth, they have been able to make a profoundly significant impact on entire economies and have inadvertently or otherwise influenced the lives of millions of people across the world. Above has been a list of ten of the youngest billionaires in the world.