Who is the Youngest Billionaire? Answered, 10 Youngest Billionaires in World

Who is the Youngest Billionaire? There are many names. Even many billionaries are below 30 year. There was a time when becoming a billionaire was not talked about and it took generations to acquire that kind of wealth.

But, since the digital revolution and vast development of technological advancements, many people around the world established a successful business and have managed to do it at a very younger age. Leading which, many entrepreneurs have become billionaires in a very short span of time.

Apart from entrepreneurial success, family inheritances, family business are two major factors behind the increasing numbers of young billionaires today.

Kylie Jenner, the CEO of Kylie Cosmetics is the youngest billionaire in world 2020, while Alexandra Andresen from Norway is in the second position.

Most of the names present in this list happened to be founders of a very successful start-up. The others had grown the empires of the family-run business to the higher positions.

Here are the 10 Youngest Billionaires in the World 2020 list with their net worth, starting with the youngest.

10 Youngest Billionaires in World

Kylie Jenner

• Age: 23

• Net worth: $1 billion

• Country of Residence: United States 

• Source of Wealth: Cosmetics  

Kylie Jenner is the youngest billionaire in the world with personal assets worth $1.1 billion. The celebrity-turned-makeup-mogul, Kylie is a 22 years self-made billionaire.

Her wealth comes primarily from Kylie Cosmetics and also her own spin-off show Life of Kylie. Recently, she has opened a clothing line with her sister Kendall Jenner and earns millions through endorsement via Instagram.

Moreover, she inked a deal to sell a 51% stake in Kylie Cosmetics to beauty giant Coty Inc. for $600 million that helped her to be a billionaire and today she is the youngest billionaire in the world.

Alexandra Andresen

• Age: 24

• Net worth: $1.1 billion

• Country of Residence: Norway

• Source of Wealth: Investments 

Two Norwegian sisters, Alexandra Andresen and Katharina Andresen each inherited 42% of the family-owned investment company Ferd in 2007. And then Norwegian heiress and her elder sister joined the list.

In 2019, Alexandra was the youngest billionaire for three consecutive years since 2019, when she was 19.

Presently, she is 24 years old and holds a net worth $1.3 billion. And, Alexandra Andresen and Katharina Andresen hold 2nd and 3rd position respectively among the youngest billionaires in the world.

Katharina Andresen

• Age: 25

• Net Worth: $1.1 Billion

• Country of Residence: Norway

• Source of Wealth: Investments

As mentioned above, Katharina Andresen entered in the list of youngest billionaires in the world in 2016 as the second-youngest billionaire. Katharina was born in 1995. Today, she is 25 years old and holds the net worth of $1.3 billion, equal to the amount Alexandra holds.

Their father, Johan Andersen is still running the Ferd, a multibillion-dollar investment company. He controls 70% of the votes via a dual-class share structure. Katharina did her graduation from Amsterdam University College. Now she is based in London where she is attending university.

Gustav Magnar Witzoe

• Age: 26

• Net Worth: $2.9 Billion

• Country of Residence: Norway

• Source of Wealth: Salmon Farming 

The fourth name in the list of youngest billionaires in the world, Gustav Magnar Witzoe owns nearly half of Salmar ASA. It is a Norwegian fish farm company and one of the world's largest salmon producers. Witzoe's father, Gustav Witzoe, is the founder of the company and he is still running this firm.

Gustav Magnar Witzoe is 26 years old and is worth $2.9 billion. He started his career in modelling along with tech and real estate investing. Nowadays, Gustav is paving his own path in property investments and tech start-ups and is counted among the youngest billionaires in the world.

Elizabeth Furtwaenger

• Age: 28

• Net Worth: $1.3 Billion 

• Country of Residence: Germany 

• Source of Wealth: Publishing 

Elisabeth Furtwaengler, daughter of publishing magnate Hubert Burda and the doctor and actress Maria Furtwaengler, is the fifth youngest billionaire in the world. She owns 25% of Burda Media Group and serves on the group's board of directors. Her total net worth is $1.3 billion today.

Furtwangler and her older brother Jacob were each given a 37.4% stake in the family's media company by their father.

Burda Media Group owns some 600 media products in over 24 countries including Focus and Bunte and the German editions of Elle and Harper's Bazaar. Elisabeth Furtwaengler is 28 years old and new to this list of youngest billionaires in the world.  

Jonathan Kwok

• Age: 28

• Net Worth: $2.1 Billion 

• Country of Residence: Hong Kong

• Source of Wealth: Real Estate

Jonathan Kwok is the younger son of the late property tycoon Walter Kwok, who was the chairman of Sun Hung Kai Properties, one of the largest property developers in Hong Kong. In the year 2018, Know and his older brother Geoffrey inherited their late father Walter Kwok's stake in Sun Hung Kai Properties.

Besides, Jonathan also took the helm of Empire Group Holdings. This is a private Hong Kong-based property development and Investment Company that was started by his father in 2010.

Presently, Kwok is leading the company as a director at the group, overseeing their real estate investments, project developments and asset management operations.

The property was founded by Walter Kwok after he was ousted as chairman of Hong Kong's largest developer, Sun Hung Properties.

Apart from his leading position among the youngest billionaires in the world, the 28 years old Jonathan is also Asia's Youngest Billionaire, with an estimated worth of $2.1 billion.

John Collison

• Age: 30

• Net Worth: $3.2 Billion 

• Country of Residence: Ireland 

• Source of Wealth: Payment Softwares 

An Irish billionaire entrepreneur, John Collison is one of the youngest billionaires into the world. He is mainly known for having co-founded Stripe with his brother, Patrick.

Stripe is a payments company that allows businesses and individuals to accept payments over the internet. In 2019, the company raised $250 million from investors at a $35 billion valuation in September 2019.

John Collison was only a teenager when he sold his first tech company to become a millionaire in 2008. Present-day, he is 30 years old and working to disrupt the fintech industry with Stripes. He has a net worth of $3.2 billion, while his company boasts a valuation of $35.

Evan Spiegel

• Age: 29

• Net Worth: $4 Billion 

• Country of Residence: United States

• Source of Wealth: Snapchat 

The 30-year old, Evan Thomas Spiegel is an American businessman. He is the co-founder and CEO of Snap Inc.., the parent company of Snapchat. It is an American camera and social media company based in Santa Monica, California.

Evan Thomas started this company on September 16, 2011, Bobby Murphy and Reggie Brown while studying at Stanford University.  

Today, Evan Thomas Spiegel, Bobby Murphy and Reggie Brown each own 18% of the company and voting shares also. And, with a net worth of $4 billion, Evan Spiegel is 8th youngest billionaire in the world.

Pedro De Godoy Bueno

• Age: 29

• Net Worth: $1.1 Billion 

• Country of Residence: Brazil

• Source of Wealth: Health Insurance 

Godoy Bueno is Brazil's youngest billionaire. The 29-year old, Bueno is the CEO and the CEO and largest shareholder of laboratory services firm Diagnósticos da América SA.

It is a Brazilian laboratory firm, which operates a food testing unit, advertising, publishing, human resources services, and research entities. Over the past year, the company has seen its shares nearly triple that is the major factor behind Pedro's increased net worth.

Pedro De Godoy Bueno is a newcomer to the billionaire ranks and recently secured his place among the youngest billionaires in the world. He is the son of the late Edson de Godoy Bueno who was once Brazil's richest healthcare billionaire.