According to Forbes, there are 2,153 billionaires in the world currently. Which is 55 less than last year. Because of weak stock markets and global financial crisis, the number of billionaires in the world and their total wealth both shrank from the previous year. Currently, the riches of the world worth a total of $8.7 trillion, which is $400 billion down from 2018. And these are the youngest billionaires among them. Some of them has earned the title of self-made, while some run family businesses, and some have received large family inheritances.
- KYLIE JENNER, 21: $1 Billion
Kylie Jenner is one of the most famous persons in the world right now. She is one of the most followed people on social media with a whopping 130 million followers on Instagram. Kylie Jenner is the youngest sibling of the Kardashian-Jenner family. The founder and owner of the cosmetic company Kylie Cosmetics, Kylie Jenner has been in the limelight from a very young age because of her family. Her own mobile app also came on top on the iTunes App Store. The American entrepreneur and socialite also have a clothing line with her sister Kendall Jenner. Kylie Jenner has been involved in many controversies from a very young age. When Forbes named her as a self-made billionaire it too sparked controversy, because of her family name. Currently, the 21-year-old is the youngest billionaire in the world with a net worth of $1 billion.
2. ALEXANDRA ANDRESEN, 22: $1.4 Billion
Alexandra Andresen is the second youngest billionaire in the world with a net worth of $1.4 billion. She is a Norwegian businesswoman and the daughter of Norwegian industrialist Johan H. Andresen, Jr who is the owner of Ferd AS. She was ranked the youngest billionaire in 2016 at the age of 19. She has been on Forbes list of youngest billionaires for 3 consecutive years. She was given ownership of 42.2% stake of the company same as her elder sister Katharina Andresen. She has won many awards and was honored for her involvement in horse dressage competitions. She has also modeled for a clothing company.
3. KATHARINA ANDERSEN, 23: $1.4 BILLION
Katharina Andersen is the 3rd youngest billionaire in the world with a net worth of $1.4 billion. She also owns 42.2% of the company Ferd AS, same as her sister Alexandra Andersen. The company runs hedge funds and has private equity investments with other businesses. Katharina Andersen was fined 250,000 Kroner for drunken driving and also sentenced 18 days of imprisonment and got an a13-month license suspension.
4. GUSTAV MAGNAR WITZOE, 24: $3 BILLION
Gustav Magnar Witzoe is the 4rth youngest billionaire in the globe with a net worth of $3 billion. He is the 3rd Norweign in the Forbes list of youngest billionaires. He is a significant shareholder of the company Salmar ASA. The Norweign fish farm company, Salmar ASA is one of the largest producers of farmed salmon. Witzoe is also an investor and invests in technology startups and other properties. Witzoe was given 47% of the company by his father. The company Salmar also owns a stake in the UK’s second-largest salmon farmer, the Scottish Sea Farms.
5. JOHN COLLISON, 28: $2.1 BILLION
Irish entrepreneur, John Collison co-founded the online payment company Stripe with his older brother Patrick. Both of the Collison brothers worth $2.1 billion. The company is based in San Francisco and has raised $150 million from CapitalG and General Catalyst Partners. The company has a net worth of $20 billion. The Collison brothers founded the company in 2010 and had investors including Elon Musk, Peter Thiel. The self-made billionaire John Collison is also a pilot and a pianist.
6. EVAN SPIEGEL, 28: $2.5 BILLION
Evan Thomas Spiegel is the 6th youngest billionaire in the world with a net worth of $2.5 billion. The 28-year-old American is the co-founder and CEO of the American company Snap Inc. The multinational technology and social media company have four products Snapchat, Spectacles, Bitmoji, and Zenly. Spiegel co-founded the company with Bobby Murphy and Reggie Brown while they were studying at Stanford University in 2011. Both Spiegel and Murphy own 18% share of the company with voting shares. Snapchat has become one of the most popular social media apps which is now competing with apps like Instagram.
7. LUDWIG THEODOR BRAUN, 29: $1BILLION
Ludwig Theodor Braun is an owner of the company B. Braun Melsungen. He owns 10% of the medical device company. In 1997 his father, Ludwig Georg Braun took over the company. At that time the company had an annual sale of $24 million which is now an estimated $8 billion. Ludwig Theodor Braun is currently the 7th youngest billionaire with a net worth of $1 billion.
8. ANNA KASPRZAK, 29: $1.1 BILLION
Anna Kasprzak is a dressage rider, who represented Denmark in 2012 and 2016 Summer Olympics. She came in 14th in the 2016 Olympics. Kasprzak has won multiple medals at several European junior and young riders championships. Kasprzak owns $1.46 billion of sales at ECCO. ECCO is a Danish shoe manufacturer company which was founded by Kasprzak’s late grandfather, Karl Toosbuy, in 1963. There’s a private dressage barn in Haderslev that Kasprzak operates.
9. PATRICK COLLISON, 30: $2.1 BILLION
Patrick Collison is the CEO and co-founder of the online payment company Stripe with his brother John Collison. The company announced a total of a $245 million funding round in 2018. Which valued the business at $20.25 billion. The self-made billionaire is the ninth richest Irish people.
10. BOBBY MURPHY, 30: $2.5 BILLION
The American Internet entrepreneur and engineer, Bobby Murphy co-founded the social media company Snap Inc. with Evan Spiegel and Reggie Brown. He is the CTO of the company. Snapchat which is a product of Snap Inc. started trending in 2017 and now 191 million people uses this app daily.