In 2012, he had the idea to sell cars online, but his boss—his father, Ernest II—had his doubts. . Duncan is not involved with the firm; his eldest sister, Randa Duncan Williams, chairs the publicly traded company. Forbes released its 2020 edition of the World's Billionaires List, which ranks the richest people in the world. She is the youngest daughter of Johan Henrik Andresen, who is one of the richest men in Norway. His fortune is the fruit of many actions. Family wealth and a surge in entrepreneurs, especially those who founded technology startups, has led to a spate of younger billionaires globally. Airbnb cofounder Blecharczyk says he ran a software business in high school that sold to clients in over 20 countries. He is also the CEO of Forteinvest, an oil refinery and a company that is part Safmar Group, his father's company. He is worth $1.8 billion and lives in Hong Kong. Action Alerts PLUS is a registered trademark of TheStreet, Inc. (SNAP) - Get Report , a social media company. Net Worth: $1.7 Billion The first youngest billionaire in the world to be featured on our list is Julio Mario Santa Domingo, III. Lukas Walton, 32, received one-third of the estate of John Walton, his father when he died. Jonathan Kwok. . He is worth $17.8 billion and lives in Jackson, Wyoming. He is the grandson of Sam Walton, the founder of Walmart That list was dominated by people who inherited their wealth. Santo Domingo’s late grandfather received a stake in SABMiller when it acquired his Colombian brewery in 2005. Frédéric Boudin, Ferd The Norwegian heiress held the title of the world’s youngest billionaire from 2016 – 2018 (until Jenner made her billionaire debut). The 10 billionaires under 30 have a collective net worth of $16.3 billion. She is worth $1 billion and owns a 100% stake in her cosmetics company, Kylie Cosmetics and lives in Hidden Hills, Calif. Alexandra Andresen, 23, inherited 42% of Ferd, her family's investment company. André Kasprzak, 32, owns shares in ECCO, a Danish shoemaker with his family members, his mother, Hanni, and his sister, Anna. Ludwig is the mysterious cousin of Eva Maria. Lukas inherited his stake after his father died in a plane crash in 2005. In the 2019 rankings of the world’s wealthiest individuals by Forbes magazine, out of 2,153 billionaires in the world, 71 are aged 40 and below. I'm a proud New Jersey native, Penn alumnus…, I am a reporter on the Forbes wealth team, covering the world's richest people. Now Forbes has released its 2019 Billionaires List, and it has crowned entrepreneur and celebrity Kylie Jenner as the world’s youngest ‘self-made’ billionaire. The stock has more than doubled since January. “It’s infectious. He later returned to Stanford after dropping out to get his bachelor’s in 2018. Black billionaires are individuals who have brown to dark brown skin with a net worth of at least US$1 billion. The brothers also inherited their father's stake in Sun Hung Kai Properties. Follow me on Twitter @CarterCoudriet and email me tips at ccoudriet@forbes.com, © 2021 Forbes Media LLC. John Collison, 28, is co-founder of Stripe, a payments company. Gustav Magnar Witzoe, 28, has about a 50% stake in Salmar ASA, one of the largest salmon producers in the world. H youngest billionaires in the World 2020 - one Alexandra Andresen. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Three of The computer science grad is now the house-rental platform’s chief strategy officer and the chairman of Airbnb China. The youngest billionaire is … A couple of weeks ago, we looked at the top ten youngest billionaires in the world. The number of young billionaires is rising globally. Now, her estimated fortune is $1 billion, and she has replaced Mark Zuckerberg as the youngest self-made billionaire, as he was 23-years-old when earning that title. The 28-year-old is another blessed child to receive an inheritance worth over a billion. The stock price of social media colossus rose 15% over the past year. At 18 she joined the burger chain’s corporate merchandising department. Family wealth and a surge in entrepreneurs, especially those who founded technology startups, has led to a spate of younger billionaires globally. The number … He is worth $3 billion and lives in Kverva, Norway. Subscribe. He is a German race car driver and businessman. She took over after the deaths of her father and uncle and has since expanded the California chain to Texas and Oregon. He is worth $1 billion and lives in Melsungen, Germany. The two beer giants merged in 2016. Thirteen members of The Forbes 400 list of richest Americans are under age 40. The stake was given to him by his father, Gustav Witzoe, the founder of the company. The Garcias were already motor moguls, owners of a slew of used-car dealerships from Atlanta to Albuquerque. This story appears in the October 31, 2019 issue of Forbes Magazine. In the 34th annual Forbes list of the world's billionaires, the list included 2,095 billionaires with a total net wealth of $8 trillion, down 58 members and $700 billion from 2019; 51% of these billionaires had less wealth than they possessed last year. The same day, Facebook reported second-quarter results  showing that revenue had grown by 28%. That's what these lucky people are – billionaires in their 20s. Patrick Collison, 30, is co-founder of Stripe, a payments company. According to the 2019 Forbes 2019 ranking of the world's billionaires, Nigerian business magnate Aliko Dangote had a net worth of $10.9 billion and was the world's richest black man. But she narrowly missed out on the list because her current net worth is around $900 million. Two others with wealth tied to Facebook are also among the youngest on The Forbes 400: cofounder Dustin Moskovitz, born eight days after Zuckerberg, and 39-year-old Sean Parker, who at 24 became Facebook’s founding president. Lukas Walton also owns stakes in Arvest Bank and First Solar He inherited a stake in the company from his father. He is worth $1.3 billion and lives in Moscow. She became the world’s youngest billionaire at age 19 in 2016 and held the position of youngest billionaire on Forbes list for three consecutive years. He’s also had a hand in overhauling its hiring practices. Parker at 19 founded Napster, the free online music-sharing platform that later faced several copyright lawsuits. Top 10 Youngest Billionaire In The World 2020- Currently, there are over 2,000 billionaires according to Forbes magazine.In this article, we take a look at the Youngest Billionaires in The World 2020. Eva Maria Braun-Luedicke, 32, has a 12% stake in B. Braun Melsungen, a medical device company. 42 of these 71 are self-made billionaires with the rest inheriting their fortunes. #1) Dustin Mostkovitz – The Youngest Billionaire. 19/20 Ludwig Theodor Braun - 29 years old. Spiegel, who was born in the U.S., quietly became a dual American-French citizen in … I am a reporter on the Forbes wealth team, covering the world's richest people. The other nine launched companies that operate digitally—transforming activities such as how we communicate with friends and the way to buy a used car. Here are the top 20 youngest billionaires and their net worth, listed by age. Andresen is the daughter of Norwegian industrialist Johan H. Andresen, Jr., owner of Ferd AS, who in 2007, transferred ownership stakes of 42.2% each to Alexandra and her sister Katharina. Their home-sharing app sold an equity stake to private investors at a reported $35 billion valuation this year, and Airbnb is expected to IPO in 2020. It would be even better to be a billionaire before the age of 30. Julio Mario Santo Domingo, III, 34, owns a stake in Anheuser-Busch InBev With $1.2 billion, Cheng Wei is now one of the richest people in the world. Geoffrey Kwok, 34, is the oldest son of Walter Kwok, former chairman of Sun Hung Kai Properties a Hong Kong developer. All Rights Reserved, This is a BETA experience. Below is the list of the top 20 youngest billionaires and the figures mentioned in the section have been gathered from different sources or platforms around the web/internet, like Investopedia, etc. He is the executive director of Sun Hung Kai Properties. For the second year in a row, Kylie Jenner has the title of world's youngest billionaire. Walmart heir Lukas Walton is the richest billionaire under age 35, with a net worth of $18.4 billion. Ernie III was able to persuade his father, and today Carvana is a publicly traded, nearly $2 billion-in-sales business. This story appears in the October 31, 2019 issue of Forbes Magazine. Ludwig Theodor Braun, 29, has a 10% stake in B. Braun Melsungen, a medical device company. Moskovitz, who was Zuckerberg’s roommate, cofounded Facebook from their Harvard dorm and became its first chief technology officer; he left Facebook in 2008. Prior to that he did a short stint in investment banking. In this case, Braun inherited 10% of a medical device company called B. Braun Melsungen. Of them, only 10 are 30 or younger. For the second year in a row, Spiegel is the only Forbes 400 member in his 20s. He is worth $2.1 billion and lives in San Francisco. © 2021 TheStreet, Inc. All rights reserved. (MORE: Kylie Jenner's just 20 and on her way to being the youngest self-made billionaire, Forbes says “I didn’t expect anything. TV star Kylie Jenner, who is just 21, was on the cusp of becoming the world’s youngest self-made billionaire. (WMT) - Get Report . He previously worked as an industrial designer in L.A. Garcia launched Carvana as a subsidiary of his dad’s used car retailer DriveTime Automotive, where he was a vice president. His grandfather Sam Walton founded the retail giant Walmart. and Ernie has surrounded himself with a group of really smart operators.”, Another trio of thirtysomething tech moguls—Airbnb cofounders Nathan Blecharczyk, Brian Chesky and Joe Gebbia—appear on The Forbes 400 for the fifth time. Katharina Andresen, 23, also inherited 42% of Ferd, her family's investment company like her sister, Alexandra Andresen. He is worth $1 billion and is a citizen of Denmark. For the second year in a row, Kylie Jenner has the title of world's youngest billionaire. He is worth 2.9 billion and lives in Hong Kong. 29-year-old Snap cofounder and CEO Evan Spiegel is the youngest billionaire in the U.S. for 2019. Jenner is the world’s youngest self-made billionaire followed by John Collison (28). Jonathan Kwok, 30, and his brother Geoffrey Kwok run Empire Group Holdings, a property developer in Hong Kong. While there are a total of 2,153 billionaires, now there are a whopping 71 people who are under the age of 40 based on the 2019 Forbes list. She is worth $1 billion and lives in Haderslev, Denmark. Get Forbes' daily top headlines straight to your inbox for news on the world's most important entrepreneurs and superstars, expert career advice, and success secrets. He scored a meeting with Mark Zuckerberg in 2004 and became Facebook’s first president, though he didn’t stay long. The number of those under 40 on the 2019 list is up one from last year, though still lower than the 23 who made the cut in 2000. Duncan and his three older siblings, all in their fifties, are heirs to their late father’s oil and gas pipeline company, Enterprise Product Partners. Most of his wealth is tied to his estimated 2% stake in the social network. Gustav Magnar Witzoe has a net worth of $3.4 billion, as of 2021, making him the third-youngest billionaire in the world. Alexandra Gamleshauh Andresen was born in 1996 and she is the youngest billionaire 2020 in the world with net worth of $1.2 billion. (FSLR) - Get Report . I also work on Forbes' daily Alexa briefing. After founding Didi Chuxing, he acquired Uber China in 2016. A former roommate of cofounder Gebbia, Blecharczyk was tapped to help build an early Airbnb site. The youngest billionaires below ...Kylie JennerBeaut... More than millionaires, billionaires !!! Zuckerberg dropped out of Harvard the same year, though Harvard did award him an honorary doctorate in 2017. 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