Top 10 youngest billionaires in the world 2021
Hello everyone and welcome back to The luxury! Achieving billionaire status is no easy feat,
and the latest crop of young billionaires has made it to ten-figure levels of wealth at the age of
30 or younger. Some are self-made billionaires who have struck it rich through their innovative
companies mostly in the tech space while others have inherited their not-so-small fortunes.
Let's take a look on the top 10 youngest billionaires in the world!
Make sure you watch till the end you sure do not want to miss out on the first one!
Number 10. Jonathan Kwok Jonathan is 29 years old and he is from Honk Kong!
Jonathan Kwok and his older brother Geoffrey inherited their father Walter's stake
in Sun Hung Kai Properties, the largest property developer in Hong
Kong.Jonathan Kwok is the younger son of the late Walter Kwok, former chairman of Hong Kong's
largest developer, Sun Hung Kai Properties. Walter died on Oct. 20, 2018 at age 68. He
had been ousted as company chairman in 2008 in a feud with his two brothers, Thomas and Raymond.
After his death, Jonathan and his brother, Geoffrey, took over Empire Group Holdings,
a property developer that Walter started after he left SHKP.
The brothers inherited Walter's direct stake in SHKP and are named beneficiaries of one-third
of five large family trusts held by their grandmother. His net worth is $2.4 billion.
Number 9. Sam Bankman-Fried He is 29 and belongs to United States!
Bankman-Fried launched Alameda Research which manages $2.5 billion in assets.
He also founded the crypto trading platform FTX.
He also plans to make as much money as he can so that he can give it away.
The vast majority of his wealth is in FTX's equity and tokens (FTT). His net worth is $8.7 billion!
Number 8. Stanley Tang: Stanley Tang is a cofounder
and head of labs at san Francisco-based restaurant delivery app DoorDash. Tang owns
about 4% of DoorDash, which went public on the New York Stock Exchange in early December 2020.
Stanley is 28 years old and lives in united states! His net worth is $2.8 billion!
Number 7. Andy Fang: Andy Fang is a Chinese-American
billionaire tech entrepreneur. He is best known as the co-founder and Chief Technology Officer
at DoorDash, which he started along with Stanley Tang, Tony Xu and Evan Moore in 2013.
DoorDash co-founders Andy Fang and Stanley Tang each own 4.2% of the company.
DoorDash's last funding round before going public raised $400 million in operating capital
and valued the startup at $16 billion.
The IPO pricing was set to value DoorDash at somewhere between $23 billion and $32 billion.
As of this writing the company has a market cap of $46 billion. His net worth is $2.8 billion!
Number 6. Gustav Magnar Witzøe Gustav Magnar Witzøe is a Norwegian
billionaire and significant shareholder of salmon fish farming company Salmar ASA. He is
one of the youngest billionaires in the world. Witzøe officially came into his wealth in 2013
when his father gifted him nearly half of the shares in his massively successful salmon
company SalMar ASA, which is one of the biggest producers of salmon in the world.
The gift made him the holder of the largest fortune in Norway,
but he tends to explore other avenues of personal expression outside of the salmon business.
For instance, he has a genuine professional modeling contract with Next Models Worldwide
in his native Norway. This is in addition to numerous other business ventures,
such as his investments in startups like Snapchat alternative Gobi, and Key Butler,
marketed towards heavy-use Airbnb landlords. His net worth is $3 billion.
Number 5. Austin Russell Austin Russell is the youngest
self-made billionaire on Forbes' 2021 list of world billionaires.
The 26-year-old runs a company that provides the technology for self-driving cars.
Russell replaced Kylie Jenner, who was removed in 2020.
Russell founded self-driving car company Luminar Technologies when he was 17.
His net worth stands at $2.4 billion. Austin dropped out of Stanford in 2012
after receiving a $100,000 grant from investor Peter Thiel. His company went public on the
Nasdaq in 2020. Russell holds 104.7 million shares of his company, roughly one-third
of all available shares. As of this writing Luminar has a market value of $5.5 billion.
Number 4. Katharina Andresen She is the daughter of Johan H. Andresen Jr.,
owner of Ferd AS, who, in 2007, transferred 42.2% ownership stakes
each to Katharina and her sister Alexandra. Her Net Worth stands at $1.2 billion.
Katharina Andresen, born 1995, is one of the world's youngest billionaires.
She and her sister Alexandra, one year her junior, each inherited 42% of the
family-owned investment company Ferd. The sisters' father Johan still runs
the company and controls 70% of the votes via a dual-class share structure.
Ferd runs hedge funds, is an active investor on the Nordic stock exchange,
and has private equity investments.
Number 3. Alexandra Andresen Net Worth: $1.2 billion
In 2007, Alexandra and Katharina's father, Johan Andresen, transferred his shares of Ferd Holdings,
Norway's biggest company, to his daughters. The Andresen family made a massive fortune in the
tobacco industry. Alexandra and Katharina's great, great, great grandfather founded Norway's biggest
cigarette company. That company was sold for $500 million in 2005 and the money was invested
in hedge funds and real estate. Needless to say, those investments did very, very well.
Number 2. Wang Zelong Wang inherited a $1.3
billion stake in CNNC Hua Yuan Titanium Dioxide Co, which produces titanium dioxide pigment,
a white pigment used in plastics, coatings, ink, and other materials. The company trades
on the Shenzhen stock exchange. Wang Zelong makes his debut as the second-youngest in the overall
Forbes World's Billionaires List, and the youngest in all of Asia,
at 24 years old. The billionaire's fortune arises from the stakes in CNNC
Hua Yuan Titanium Dioxide Co., a chemical company that trades on the Shenzhen stock exchange.
Number 1. Kevin David Lehmann Kevin David Lehmann was born in 2003
(age 18 years; as of 2021) in Germany. He became the youngest billionaire in the
world after inheriting the stakes of the German chemist chain DM (Drogerie Markt). He inherited
these stakes from his father, Guenther Lehmann. Lehmann is officially the youngest billionaire in
the world, a title once held by Alexandra Andresen and Kylie Jenner. He officially
inherited his father's 50% stake in the family's chain of drug stores on his 18th birthday.
His net worth is $3.3 billion and it makes him world's youngest billionaire!
That brings us to the end of today's video! Did we miss something? If so do let us know in the
comments down below! Thanks for watching and we will catch you in our next one!