The Youngest Billionaires In The World Right Now

By on March 26, 2017 in ArticlesBillionaire News

Man, it would be great to be a billionaire. It would be even better to be a billionaire before the age of 30. That's what these lucky people are – billionaires in their 20s. Of course, tech gurus like Evan Spiegel and Bobby Murphy aside, many of these young billionaires have inherited their fortunes. Either way, their wealth allows them to do some pretty spectacular things, like buy an island and then a private jet to get to that island.

As of March 2017, the youngest billionaire in the world is 20-year-old Alexandra Andresen. Alexandra and her 21-year-old sister Katharina, who inherited their fortunes, each have a net worth of $1.2 billion. In 2007, their 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.

Drew Angerer/Getty Images

The richest person on the list of the youngest billionaires in the world is Snapchat co-founder Evan Spiegel. Snap's IPO elevated his net worth to $5.3 billion. Not bad for a 26-year-old. Spiegel co-founded the photo messaging company with his Stanford classmate and Kappa Sigma fraternity brother, 28-year-old Bobby Murphy. The duo developed the app that allows you to send a contact a photo with a caption that disappears in 10 seconds or less. Snap Inc. went public on March 1, 2017 and raised $3.4 billion. Snap is now valued at between $19.5 billion and $22.2 billion.

Brothers John and Patrick Collison founded the mobile payment app Stripe. A new funding of around $150 million in December 2016 valued Stripe at $9.2 billion – and made the Collison brothers billionaires. Each has a net worth of $1.2 billion. At 26, John Collison is the world's youngest self-made billionaire. John is two months younger than Snapchat CEO and co-founder Evan Spiegel. Patrick Collison is 28, as is Snapchat co-founder Bobby Murphy. The four young men are the only self-made billionaires in the world under 30.

Here are the world's youngest billionaires:

Wang Han

Age: 29

Net Worth $1.3 billion

Source: Juneyao Air

Country: China

Bobby Murphy

Age: 28

Net Worth: $4.8 billion

Source: Snap Inc.

Country: United States

Patrick Collison

Age: 28

Net Worth: $1.2 billion

Source: Stripe

Country: Ireland

Ludwig Theodor Braun

Age: 27

Net Worth: $1.2 billion

Source: medical technology

Country: Germany

Evan Spiegel

Age: 26

Net Worth: $5.3 billion

Source: Snap Inc.

Country: United States

John Collison

Age: 26

Net Worth: $1.2 billion

Source: Stripe

Country: Ireland

Gustav Magnar Witzoe

Age: 23

Net Worth: $1.1 billion

Source: salmon farming

Country: Norway

Katharina Andresen

Age: 21

Net Worth: $1.2 billion

Source: investments

Country: Norway

Alexandra Andresen

Age: 20

Net Worth: $1.2 billion

Source: investments

Country: Norway

Articles Written by Amy Lamare
Amy Lamare is a Los Angeles based writer covering business, technology, entertainment, philanthropy, and pop culture. She spent 8 1/2 years covering the entertainment industry for www.hsx.com. She attended the University of Southern California where she majored in Creative Writing. An avid long distance runner, weekends she can be found running the streets of Los Angeles training for 1/2 and full marathons. Follow her on Facebook.
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