World’s Youngest Billionaires And What Led Them To The Top Spot

Be an extravagant inheritance from family or a mega-successful entrepreneurship stint, the count of the World’s youngest billionaires is increasing every other day. However, there are some who are really young and still have achieved a lot at their age. Forbes released its 34th Annual World’s Billionaires list, earlier this year and a total of 2095 billionaires were able to get their names on the list. Even though the global markets this year saw a toll due to the Coronavirus, these names have still managed to add an astonishing amount of wealth to their name. Out of the ten that we’ve listed out here, seven have inherited their wealth and so have acquired their spot in this list of World’s Youngest Billionaires.

Check out the names of these world’s youngest billionaires 2020 and their net worth:

9. Lisa Draexlmaier

Draexlmaier and her father are the Co-CEOs of Fritz Draexlmaier Holding GmbH, which is an auto part maker. She is now the sole owner of the company and has acquired thus leading her to the list for the first time. She is 29 years old and has an overall net worth of nearly $1 Billion.

8. Pedro de Godoy Bueno

He is the most recent entry to the World’s youngest billionaires club and is the largest shareholder and CEO of the laboratory services firm Diagnósticos da América SA. The shares of this company nearly tripled last year. He is 29 and has an overall net worth of $1.1 Billion.

7. Evan Spiegel

He is the co-founder of Snapchat and one of the youngest CEOs of a publicly-traded company, thus entering in the World’s youngest billionaires list. He is 29 years old and has an overall net worth of $1.9 Billion.

6. John Collison

Founded by John along with his elder brother Patrick, Stripe, a payments company has been a very successful startup in the fintech spaces. John is 29 years of age and has an overall net worth of $3.2 Billion.

5. Jonathan Kwok

Jonathan and his brother Geoffrey inherited the stake of their late father in Sun Hung Kai Properties, which was the largest developer company in Hong Kong in 2018. Aged just 28 years, he has a net worth of $2 Billion.

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4. Elizabeth Furtwaenger

She and her brother Jacob were each given a 37.4% stake in the family’s German media company, Hubert Burda. Both of them serve now as the Board of Directors. Aged 28 years, she has an overall net worth of $1.2 Billion.

3. Gustav Magnar Witzoe – World’s Youngest Billionaires

He owns nearly half of one of the world’s largest salmon producers, Salmon ASA, which is still run by his father. Aged at just 26 years, he has a net worth of $2.3 Billion.

2. Alexandra Andresen & Katharina Andresen

Both the second and third spot is acquired by the Norwegian sisters, Alexandra and Katharina Andresen. Each of them inherited $1.1 Billion about 42% of the family-owned investment company Ferd. They are both 23 and 24 years old respectively.

1. Kylie Jenner – World’s Youngest Self Made Billionaires

At the age of 23 years, Kylie Jenner became the World’s youngest self-made billionaire and she has maintained her spot for two consecutive years. Her net worth amounts up to $1 Billion. She is from the United States and is the founder of Kylie Cosmetics, and is also one of the biggest social media influencers. She sold 51% stakes to Coty Inc. and thus became #1.

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This was our list of the World’s youngest billionaires and what led them to the top spot. Though out of these, just three are self-made billionaires, it is their hard work and dedication towards their ideas and startups and proper execution which has led them to achieve what they have today.