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World’s Top 10 Youngest Billionaires in 2021

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Updated list of the youngest billionaires in the world

Although Kylie Jenner was named the world’s youngest self-made billionaire for the second consecutive year by Forbes, she was later dethroned from the list owing to April 2020’s findings. It was found out that the celebrity turned makeup-mogul had lied about Kylie Cosmetics trade with beauty giant Coty Inc.

After Kylie Jenner was stripped of the youngest self-made billionaire title, an updated list of the world’s youngest billionaires emerged. The new inventory includes three self-made billionaires; Evan Spiegel, John Collison, and Bobby Murphy. Here at wealthy celebrity, we have compiled a list of the youngest billionaires in the world along with their age, net worth, and source of wealth.

1. Alexandra Andresen

Alexandra Andresen Net worth

Alexandra Andresen Net worth

Age: 24
Net worth: $1.3 Billion
Source of Wealth: Ferd Investment Company

Alexandra Andresen was ruling the youngest billionaires’ list since 2016 until Kylie Jenner took over her in 2019. Alexandra Andresen was 19 years old when she first appeared on the Forbes list of youngest billionaires and held the position for three consecutive years. Hailing from Norway, Alexandra earned her fortune after inheriting 42 per cent of Ferd Investment Company, owned by her family. The Norwegian heiress, now 24 years old, has held the Norwegian junior champion’s title in dressage horse riding a total of three times.

Alexandra Andresen has a net worth of $1.3 billion at the age of 24, making her the world’s youngest billionaire.

2. Katharina Andresen

Katharina Andresen Net Worth

Age: 25
Net worth: $1.3 Billion
Source of Wealth: Ferd Investment Company

Next in the list of youngest billionaires is Katharina Andresen, elder sister of Alexandra Andresen. Like her younger sister, Katharina Andresen also inherited the 42 per cent of Fred Investment Company in 2016, coming into the limelight as the second-youngest billionaire. Katharina was 20 years old when she inherited her wealth and first appeared on the Forbes youngest billionaire’s list.

Having the same net worth of $1.3 billion as Alexandra, Katharina Andresen is the world’s second-youngest billionaire.

3. Gustav Magnar Witzoe

Gustav Magnar Witzoe Net Worth

Age: 27
Net worth: $3.4 Billion
Source of Wealth: Salmar ASA, salmon farming company

Gustav Magnar Witzoe is the third consecutive Norwegian to make it to our list of youngest billionaires. Gustav Magnar Witzoe first appeared in Forbes list of the youngest billionaire in 2013 at the age of 19.

Gustav Magnar Witzøe inherited 47 per cent of the salmon fish farming company, Salmar ASA, in 2013. The fish farming company was founded by Gustav Witzoe, father of Gustav Magnar Witzøe, in 1991. Gustav Witzoe still runs the company on his own, while Gustav Magnar Witzoe is starting his career in the field of tech-startups and property investments.

Gustav Magnar Witzoe has a net worth of $3.4 billion, as of 2021, making him the third-youngest billionaire in the world.

4. Jonathan Kwok

Jonathan Kwok Net Worth

Age: 28
Net worth: $2.1 Billion
Source of Wealth: Empire Group Holdings, property development firm

Jonathan Kwok is the fourth-youngest billionaire on our list. He is the younger son of Walter Kwok, former chairman of Hong Kong’s largest developer, Sun Hung Kai Properties. In 2010, Walter Kwok founded Empire Group Holdings, another property development firm, after he was ousted from Sun Hung Kai Properties over a feud with his brothers. Jonathan Kwok took the steering of Empire Group Holdings after his father’s death in 2018 and today, he is the director of the company, supervising the real estate investments, project developments, and overseeing the asset management operations.

With an estimated net worth of $2.1 billion, Jonathan Kwok is Asia’s youngest billionaire while fourth-youngest worldwide.

5. Elisabeth Furtwaengler

Elisabeth Furtwaengler Net Worth

Age: 28
Net worth: $1.5 Billion
Source of Wealth: Hubert Burda publishing company

The multi-talented Elisabeth Furtwaengler is the newest entry into our list of the world’s youngest billionaires. Elisabeth is a German national, daughter of Hubert Burda, a publishing magnate. Her mother, Maria Furtwaengler, is a doctor and actress.

Elisabeth Furtwaengler rose to the list of billionaires after inheriting 25 per cent shares in her father’s publishing company, Burda Media Group. Over 600 media titles are owned by the Burda Media group in more than 24 countries. Elisabeth is a member of the board of directors of the media publishing company.

Like her mother, Elisabeth Furtwaengler is also an artist. She is a singer and songwriter and performs on stage as Lisa Fou. She graduated in art history from Cambridge University and later studied at California’s music conservatory.

With an estimated net worth is $1.5 billion, she is the 5th youngest billionaire in the world.

6. Lisa Draexlmaier

Lisa Draexlmaier Net Worth

Age: 29
Net worth: $1.7 Billion
Source of Wealth: Fritz Draexlmaier Co & KG, an automotive company

Lisa Draexlmaier, a German national, is the second billionaire on our list who appeared in the list for the first time. She is the sole owner and CEO of the Fritz Draexlmaier Co & KG, an automotive company founded in 1958. Lisa’s father, Fritz Draexlmaier, stepped down from the position of CEO in 2019, hence Lisa taking over the charge of the company. However, Fritz Draexlmaier is still serving as the chairman of the company.

As of 2019, the company worth $5.5 billion is known for selling auto parts to big automobile companies like Audi, BMW, Cadillac, Land Rover, Maserati, Mercedes-Benz, Porsche, and Tesla. Lisa Draexlmaier has a net worth of $1.7 billion, making her the 6th youngest billionaire in the world.

7. Evan Spiegel

Evan Spiegel Net Worth

Age: 30
Net worth: $5.7 Billion
Source of Wealth: Snapchat

Evan Spiegel is one of the only three self-made billionaires on our list. He released Snapchat, a picture sharing app, in 2011 along with his Stanford fraternity brother Bobby Murphy and became a billionaire at the age of 25 in 2016. He has been on the list of youngest billionaires since 2016.

Evan Spiegel became an American-French national in 2018. He rose to popularity as the CEO and co-founder of Snapchat. Spiegel owns 18 per cent of the company wealth as well as voting shares that give him the edge over the board.

Evan studied Bachelor of Science in Product Design from Stanford University graduating in 2018. With a current net worth of $5.7 billion, Evan Spiegel is the youngest self-made billionaire.

8. John Collison (self-made)

John Collison Net Worth

Age: 30
Net worth: $3.2 Billion
Source of Wealth: Stripe, an online payment processing company

John Collison is the second self-made billionaire in our list after Evan Spiegel. John became a millionaire in 2008 when he was just a teenager. John Collison, along with his brother Patrick started practicing coding as a child. He sold his first tech company in 2008 to become a millionaire.

John and Patrick founded the Stripe, an online payment processing company for internet businesses, in 2011. The two brothers coined the idea to launch Stripe while they were studying MIT from Cambridge University.
Having a net worth of $3.2 billion, John is the second-youngest self-made billionaire in the world and is ranked 8th in our list of youngest billionaires.

9. Ludwig Theodor Braun

 

Age: 30
Net worth: $1.1 Billion
Source of Wealth: B. Braun Melsungen, a medical device company

Ludwig Theodor Braun, the youngest son of Ludwig Georg Braun, inherited 10 per cent of B. Braun Melsungen, a multi-billion-dollar German medical device company. He has earned a fortune of around $1.1 billion from the pharmaceutical company. Ludwig Georg Braun had taken over the B. Braun Melsungen Company in 1977 and transformed it from a small company with $24 million annual sales to a multinational company worth $8 billion now. The company was launched in 1839 as a small pharmacy selling herbal remedies. It has now grown to over 60 countries.

Ludwig Theodor is the ninth youngest-billionaire with a net worth of $1.1 billion.

10. Bobby Murphy

Bobby Murphy Net Worth

Age: 32
Net worth: $6.1 Billion
Source of Wealth: Snapchat

Bobby Murphy, the other co-founder of the Snapchat, is the third self-made youngest billionaire on our list. Bobby serves as the Chief Technology Officer of the Snapchat. He owns 18 per cent of Snapchat shares, same as Evan Spiegel, topped with voting shares giving him rights in the board. On top of fortune coming from Snapchat, Bobby Murphy owns over $30 million in real estate investments.

With a net worth of $6.1 billion, Bobby Murphy is the tenth youngest billionaire in the world.

How many of these billionaires you expected to be under 30? Which of the above-mentioned billionaires inspire you the most? Let us know in the comments.

Having over 10 years of experience, Hassan Saleem is a personal finance, celebrity news and net worth writer and has special interest in gossips from showbiz industry and celebrity lifestyles. Working for over a decade in Digital Media, Hassan has written hundreds of articles on celebrities' personal finances and their net worths. He aims to provide great user readability with crystal clear information and vivid graphics. He loves to explore brand new angles through which he could cover celebrity lifestyles. When he is not digging deep into buzz about famous celebrities, you will find him chilling with his friends or family.

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2 Comments

2 Comments

  1. Anna-Kae Reeves

    November 3, 2020 at 12:39 pm

    Like everyone else in the world, me too wanna become billionaire but on my own like bobby murphy by doing some wonders in online field. I would not prefer to be billionaire by inheriting money but would not refuse either LOL. I thouhgt mark zuckerberg will be somewhere on the list but surprised that hes not.

    • Hassan Saleem

      November 6, 2020 at 11:27 am

      Hi Anna,

      Agreed, everyone wants to be rich in this world but we are really amazed to see that you don’t want to inherit it; most of people in this world want to get easy money but you seems different.

      Thanks
      Hassan

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