Forbes has compiled and released the world’s youngest billionaires under the age of 30 as of 2022. Most of these billionaires haven’t even been alive for around three decades.
The list includes billionaires who are Stanford dropouts, heiresses, cryptocurrency whiz, and so on. Cumulatively their combined net worth is around $25.8 billion.
The wealthiest among them is 28-year-old Gary Wang, the co-founder, and chief technology officer of cryptocurrency exchange FTX. He has a net worth of $5.9 billion.
The title of the world’s youngest billionaire is bagged by 19-year-old Kevin David Lehmann who made it to the list for the second time with an estimated net worth of $2.4 billion. David inherited wealth from his father who is an early investor in the business.
Let us get into the complete list of the world’s top 10 youngest billionaires as of 2022.
List of the World’s Top 10 Youngest Billionaires
Below is the list of the top 10 youngest billionaires in the world according to Forbes magazine in the order of their age.
1. Kevin David Lehmann – 19 years
Net Worth: $2.4 billion
- Kevin David Lehmann is the youngest billionaire in the world who owns a majority stake of 50% in dm (drogerie markt). dm is Germany’s leading drugstore chain with annual revenue of more than $12 billion.
- The company started its operations in 1973 by Goetz Werner when he inaugurated its first shop in Karlsruhe, Germany. As of 2022, dm has approximately 3,700 stores in various locations.
- Kevin David Lehmann’s father, Guenther, invested in dm in 1974 and transferred his ownership to Kevin David in 2017.
- He is not involved in the day-to-day business operations of the company.
2. Alexandra Andresen – 25 years
Net worth: $1.3 billion
- Alexandra Andresen and her elder sister Katharina inherited a 42% stake each in their family-owned investment company Ferd.
- Her father runs the company as of today and controls 70% of the voting share through a dual-class share structure.
- Ferd is the business of running hedge funds and the company is an active investor in the Nordic stock exchange.
3. Pedro Franceschi – 25 years
Net Worth: $1.5 billion
- Pedro Franceschi is co-CEO of Brex, a fintech company specializing in the business of corporate credit cards.
- Pedro happened to meet co-founder Henrique Dubugras on the social media platform, Twitter in 2012, while they were studying in high school in their home country of Brazil.
- The duo introduced a payments startup company, Pagar.me, in 2013 which was later sold to a rival company in 2015.
- Pedro grew up in Rio de Janeiro, Brazil, and started Brex in the year 2017.
- This year he made it to the billionaires’ list as Brex raised funds from private investors that valued the company at a whopping $12.3 billion.
4. Wang Zelong – 25 years
Net Worth: $1.5 billion
- 25-Year-old Wang Zelong is the fourth-youngest billionaire in the world with a net worth of $1.5 billion.
- He has stakes in CNNC Hua Yuan Titanium Dioxide and Lomon Billions Group which are engaged in the business of production of titanium dioxide in China.
- Wang distinguishes himself from the other new-age billionaires by being in the niche segment of pigment production.
- Wang has maintained a very private life like his other fellow billionaires. There is almost less information about him on the internet. He likes to maintain a bare minimal digital footprint as he doesn’t even have an official social media account
5. Henrique Dubugras – 26 years
Net Worth: $1.5 billion
- Henrique Dubugras is co-CEO of Brex, a fintech company specializing in the business of corporate credit cards.
- Henrique Dubugras and Pedro Franceschi launched a payments startup called Pagar.me for small businesses in Brazil in 2013 and sold it to a larger Brazilian rival two years later.
- Dubugras grew up in Sao Paulo, Brazil, and studied at Stanford. He dropped out later to start Brex in 2017.
- This year he made it to the billionaires’ list as Brex raised funds from private investors that valued the company at a whopping $12.3 billion.
6. Katharina Andresen – 26 years
Net worth: $1.3 billion
- Katharina Andresen is a Norwegian heiress born in the year 1995. She is the daughter of Johan H. Andresen Jr.
- She along with her younger sister Alexandra inherited 42% of the family-owned investment company Ferd.
- Her father runs the company as of today and controls 70% of the voting share through a dual-class share structure.
- Ferd is the business of running hedge funds and the company is an active investor in the Nordic stock exchange.
7. Austin Russell – 27 years
Net worth: $1.6 billion
- Austin Russell is the founder of automotive sensor firm Luminar Technologies, which was listed on the stock exchange in 2020 in a SPAC merger.
- Rusell who happens to be a college dropout developed the idea for Luminar at the age of 17 and now runs the company.
- He received a Thiel Fellowship scholarship of $100,000 and decided to drop out of college in 2012.
- After the company listing on Nasdaq, Russell became the youngest self-made billionaire at the age of 25.
- Luminar faces business competition from the likes of Velodyne and Aeva, which make high-tech sensors.
8. Ryan Breslow – 27 years
Net worth: $2.0 billion
- 27-year-old Ryan Breslow dropped out of Stanford University in 2014 to introduce a payment startup company – Bolt. This year, he stepped down from the post of CEO to become executive chairman.
- Breslow has raised cumulative funds of more than $1.3 billion for his company. Recently the company raised $355 million at a valuation of $11 billion.
- Bolt has global niche investors like BlackRock, General Atlantic, and SAP in his company.
- Breslow does yoga, meditation, and dancing. He introduced the concept of a four-day work week for his 700+ employees.
9. Gary Wang – 28 years
Net worth: $5.9 billion
- Gary Wang is co-founder and CTO (chief technology officer) of cryptocurrency exchange FTX.
- He is alumni of MIT who worked at search engine giant Google and later teamed up with fellow billionaire Sam Bankman-Fried to introduce FTX in 2019.
- FTX is one of the leading crypto exchanges where traders can buy and sell crypto derivatives.
- Wang’s 16% stake in the company is valued at a whopping $5.12 billion as of 2022 as the company recently raised $400 million at an enterprise value of $32 billion.
10. Gustav Magnar Witzoe – 28 years
Net worth: $4.5 billion
- Gustav Magnar Witzoe is the promoter of Salmar ASA, which is one of the world’s largest salmon producers. He holds close to a 50% stake in it.
- His dad, Gustav Witzoe gifted him the majority share in the company in 2013 which was founded by him more than three decades ago in 1991.
- Witzoe still manages the business operations of the company while his son is investing in real estate and tech startups.
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