Success is not achieved in a single day. It takes years and years of hard work and dedication to reach greater heights and stay there. But this age-old belief does not fit when we talk about these young people who have achieved so much in a very short time. While most of us find it hard to find the key to success, there are many out there who have made it and become billionaires.

Their stories are inspiring, and their efforts are endless. That’s why they appear in the list of Youngest Billionaires in the World published by Forbes magazine.

These are people who have not only taken on the burden of making their businesses succeed at such a young age, but have also ensured that their businesses are sustainable, successful, and thrive over time.

Youngest-Billionaires-In-The-World

The following list describes the Top 10 Youngest Billionaires in the World and describes how each one acquired their huge fortunes.

Youngest Billionaires In The World 2022

1. Kevin David Lehmann

  • Age: 20
  • Industry: Drugs
  • Source of Wealth: Drogerie Markt

Kevin David Lehmann owns 50% of Germany’s leading chemist chain, dm ( Drogerie Markt), which has annual sales of more than $12 billion. The company got its start in 1973 when Goetz Werner opened his first shop in Karlsruhe.

Today, dm has around 3,700 stores in 1974, Kevin David Lehmann’s father Guenther, who was running his family’s Pfannkuch grocery chain at the time, invested in dm. Guenther transferred his 50 percent dm stake to Kevin David in 2017. Neither Kevin David nor his father had any operational involvement in dm. Little is known about them.

Total Net Worth: $1.7 Billion

2. Alexandr Wang

  • Age: 25
  • Industry: Artificial Intelligence
  • Source of Wealth: Scale AI

Alexandr Wang is the CEO of Scale AI, a startup he co-founded in 2016 to help companies leverage their raw data for AI and machine learning. The California-based company helps about 300 customers, including General Motors and Flexport, with projects such as autonomous driving and supply chain efficiency.

Wang, just 25, is the world’s youngest self-made billionaire; he owns an estimated 15% of Scale, which was valued by investors at $7.3 billion in 2021. A native of New Mexico, he worked as a full-time engineer in Silicon Valley at the age of 17 at fintech company Addepar and later at question-and-answer website Quora. At age 19, after a brief stint at MIT, to study machine learning, Wang dropped out to participate in the Y Combinator Accelerator and found Scale.

Total Net Worth: $1 Billion

3. Henrique Dubugras

  • Age: 26
  • Industry: Fintech
  • Source of Wealth: Brex

Henrique Dubugras is co-CEO of Brex, a fintech startup that aims to overhaul the corporate credit card. He met his co-founder Pedro Franceschi in 2012 during an argument on Twitter when they were both high school seniors in their native Brazil.

In 2013, the co-founders launched a payments startup called Pagar.me for small businesses in Brazil and sold it to a larger Brazilian competitor in 2015. Dubugras grew up in Sao Paulo, Brazil, and attended Stanford with Franceschi for less than a year before dropping out and founding Brex in 2017. He became a billionaire in January 2022, when California-based Brex received money from private investors who valued Brex at $12.3 billion.

Total Net Worth: $1.5 Billion

4. Pedro Franceschi

  • Age: 26
  • Industry: Fintech
  • Source of Wealth: Brex

Pedro Franceschi is co-CEO of Brex, a fintech startup that aims to overhaul the corporate credit card. He met co-founder Henrique Dubugras in 2012 during an argument on Twitter when they were both attending high school in their native Brazil.

In 2013, the two founded a payments startup, Pagar.me, for small businesses in Brazil and sold it to a larger Brazilian competitor in 2015. Franceschi grew up in Rio de Janeiro, Brazil, and attended Stanford with Dubugras for less than a year before dropping out and founding Brex in 2017. He became a billionaire in January 2022, when Brex- based in California – received money from private investors who valued the company at $12.3 billion.

Total Net Worth: $1.5 Billion

5. Wang Zelong

  • Age: 26
  • Industry: Chemicals
  • Source of Wealth: CNNC Hua Yaun Titanium Dioxide

Wang Zelong’s wealth comes from investments in CNNC Hua Yuan Titanium Dioxide and Lomon Billions Group; both produce titanium dioxide in China.

Total Net Worth: $1.3 Billion

6. Alexandra Andresen

  • Age: 26
  • Industry: Investments
  • Source of Wealth: Ferd

Alexandra Andresen and her sister Katharina, who is a year older, each inherited 42% of the family investment company Ferd. Andresen’s father Johan still runs the company and controls 70% of the votes through a two-tier share structure. Ferd runs hedge funds, is an active investor on the Nordic stock exchange and has private equity investments.

Total Net Worth: $1.1 Billion

7. Katharina Andresen

  • Age: 27
  • Industry: Investments
  • Source of Wealth: Ferd

Katharina Andresen, born in 1995, is one of the world’s youngest billionaires. She and her sister Alexandra, who is a year younger, each inherited 42% of the family investment company Ferd. The sisters’ father, Johan, still runs the company and controls 70% of the votes through a two-tier share structure. Ferd runs hedge funds, is an active investor on the Nordic stock exchange and has private equity investments.

Total Net Worth: $1.1 Billion

8. Ryan Breslow

  • Age: 26
  • Industry: E-Commerce
  • Source of Wealth: Bolt

Ryan Breslow dropped out of Stanford in 2014 to found payments startup Bolt. He stepped down as CEO in January 2022 to become executive chairman. Breslow raised $1.3 billion for Bolt, including $355 million in January 2022, valuing the company at $11 billion. Bolt has  investors such as BlackRock, General Atlantic & SAP because it promises Amazon-style checkout to millions of online merchants. Breslow- a fan of yoga, meditation and dancing- rarely goes out. He has instituted a four-day work week for his 700 employees.

Total Net Worth: $2 Billion

9. Gary Wang

  • Age: 29
  • Industry: Crypto
  • Source of Wealth: FTX

Gary Wang is co-founder and chief technology officer of cryptocurrency exchange FTX.
The MIT graduate worked at Google, where he developed systems to aggregate prices for millions of flights, before teaming up with billionaire Sam Bankman-Fried to found FTX in 2019. FTX was developed “by traders for traders” and is one of the leading exchanges for buying and selling crypto derivatives. Wang owns about 16% of the exchange, which raised $400 million in January 2022 at a valuation of $32 billion, and about 16% of the U.S. business, which is valued by investors at $8 billion.

Total Net Worth: $4.6 Billion

10. Gustav Magnar Witzoe

  • Age: 29
  • Industry: Fish Framing
  • Source of Wealth: Drogerie Markt

Gustav Magnar Witzoe owns nearly half of Salmar ASA, one of the world’s largest salmon producers. His shares were given to him in 2013 by his father Gustav Witzoe, who founded the company in 1991. Salmar led the industrialization of fish farming in Norway, refining the product into more sophisticated cuts with higher profit margins. The elder Witzoe still runs the company; Gustav Magnar, meanwhile, is trying to make a name for himself with investments in real estate and tech startups.

Total Net Worth: $2.2 Billion

Conclusion:

Most of the Youngest Billionaires in the World are inherited her wealth from there family. Only a Few Like Kylie Jenner, John Collison, Evan Spiegel made their wealth themself by their Own Hardwork.

Author

This is Mohanraj Reddy✌️❤️ Creator at Business Mavericks & a Big Dreamer, Wanderlust, Music, & a Trader.

Write A Comment