Source:startupstories.in

Youngest Billionaires of 2020

Most billionaires belong to an older age group, but these ten people achieved that goal before the age of 30. When combined, their total net worth is around 16 billion dollars. Seven of them have been on this list for several years, while three of them have reached this milestone in 2020 despite this years’ troubles for the economy.

Three people on this list are self-made, meaning their own efforts have granted them their riches, not inheritance.

  1. Kylie Jenner

Source:magazinbalkan.eu

As expected, this makeup magnate made the list. In 2019, Kylie Jenner sold 51% of Kylie Cosmetics shares to Coty Inc. – granting her an astonishing 600 million dollars. At just 22 years she possesses a net worth of a billion dollars.

  1. Alexandra Andresen

Source:onedio.co

At 23 years old, Andersen is worth 1.1 billion dollars due to her share in her father’s investment company Ferd from Norway. Alexandra has possessed billionaire status since the age of 19.

  1. Katharina Andresen

Source:newsbeezer

Just like her sister Alexandra, she also has a net worth of 1.1 billion after both inherited 42% of their father’s company shares. She comes from a prominent Norweigan family which has been accumulating riches for two centuries.

  1. Gustav Magnar Witzoe

Source:newsbeezer

Owning 50% of his father’s company called Salmar ASA which specializes in salmon production has granted 26-year-old Witzoe a place on this list with 2.3 billion dollars to his name. He also works as a model alongside with investing in real estate and tech companies.

  1. Elizabeth Furtwaenger

Source:t-online.de

A 37% stake in her family’s publishing company Burda Media in Germany granted Furtwaenger this status. Her wealth is currently at 1.2 billion dollars. This media company is publishing German versions of magazines like Elle and Playboy.

  1. Jonathan Kwok

Source:rankred.com

His inheritance in Sun Hung Kai Real Estate Properties, the most prominent developer in Hong Kong was 2 billion dollars after his father’s passing. However, the company’s shares have been rapidly declining due to coronavirus.

  1. John Collison

Source:born2invest.com

Collison brothers founded a payment company called Stripe, which raised a lot of money from investors, giving 29-year-old John a net worth of 3.2 billion dollars. This is why he is the wealthiest billionaire under 30.

  1. Evan Spiegel

Source:economictimes.indiatimes.com

Co-founder of Snapchat Evan Spiegel is one of three self-made people on this list with a 1.9 billion net worth. The company has had a rough few years – they suffered a significant loss in 2017 after a redesign and some choices that the public did not appreciate, but it seems that the company got back on its feet again, which has maintained Spiegel on this list.

  1. Pedro de Godoy Bueno

Source:youtube

Pedro rose to the billionaire ranks this year after his shares in his late father’s company Diagnósticos da América SA tripled. The 29-year-old son of Brazil’s wealthiest healthcare executive has a net worth of 1.1 billion.

  1. Lisa Draexlmaier

Source:draexlmaier.com

Lisa, 29, and her father own a company called Fritz Draexlmaier Holdings GmbH which specializes in auto parts, and this year she reached the billionaire status. The company produces parts for many well-known brands like Audi, Porsche, Mercedes, and Tesla.


Ricardo is a freelance writer specialized in politics. He is with foreignpolicyi.org from the beginning and helps it grow. Email: richardorland4[at]gmai.com

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