In celebration of the 10 year anniversary of this original article’s publication, a decade has illuminated several changes on the world’s youngest billionaires list.
New names with new sources of income now claim top positions on the list, including CEOs, tech founders, and entrepreneurs who have combined their family names with new visions, launching themselves into the financial spotlight.
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Long term investments and financial decisions that accrue a certain wealth over time are no longer the only ways of achieving the highly coveted ten-figure net worth.
Several other factors play a significant role in the wealth of these young icons. Whether it be in app development, medical technology, auto parts, or makeup lines, these entrepreneurs and investors have navigated the choppy financial waters and have found themselves anchoring at that billion dollar island that only 2,000 others world-wide have been able to achieve.
Here are the top twenty youngest billionaires of 2021.
20 Kylie Jenner, 22, $1 Billion
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The youngest person on this list for two consecutive years is Kylie Jenner. Known for her eponymous cosmetic line, as well as her creatively-branded family, Kylie has continued to invest in herself and her image, resulting in several financially rewarding circumstances.
She has diversified her brand well beyond just a cosmetic line, including an app titled “Kendall and Kylie”, a television series “Life of Kylie”, and a diverse range of successful brand endorsements and sponsored content that she shares with her overwhelming 220 million Instagram followers.
19 Alexandra Andresen, 23 $1.1 Billion
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Residing in Norway, this young billionaire has made her wealth through investments and partial ownership of her family-operated company Ferd.
Owning 42% of the investment company, Ferd is known for diversifying their assets and investing in a wide range of industry, finance, and real estate-related companies.
18 Katharina Andresen, 24 $1.1 Billion
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Alexandra’s sister, Katharina also owns a 42% share of the family investment company Ferd.
Ferd is known for running several hedge funds and is an active investor in the Nordic stock exchange. In addition to the company’s public trading, it is also known for several private equity investments.
17 Gustav Magnar Witzoe, 26 $2.3 Billion
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Also residing in Norway, Witzoe is known for having earned his wealth within the salmon farming industry.
He owns close to one half of SalMar ASA, one of the world’s largest salmon producers.
16 Jonathan Kwok, 28 $2 Billion
Known for being a Director at Empire Group Holdings, this Hong Kong-based property investor is known for his development deals. He is the son of fellow developer Walter Kwok.
Walter Kwok created his legacy through serving as Sun Hung Kai Productions Chairman. His legacy lives on through Jonathan, who inherited his direct stake in SHKP.
15 Elisabeth Furtwaengler, 28 $1.2 Billion
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Based in Germany, Furtwarngler made her billions within the publishing industry. She owns 25% of Burda Media Group which is owned by her father Hubert Burda.
Known for also being a member of Burda’s board of directors, she oversee’s the companies 600 media products in 24 different countries. This includes the German editions of Elle Magazine and Harper’s Bazaar.
14 John Collison, 29 $3.2 Billion
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Collison is the cofounder and CEO of the payment software company Stripe. Stripe serves as an online payment processing platform and handles a variety of internet traffic for businesses.
Both John and his brother Patrick came up with the idea for Stripe while they were attending college in Cambridge at MIT.
He was born and raised near Limerick, Ireland.
13 Evan Spiegel, 29 $1.9 Billion
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Spiegel cofounded Snapchat in 2011 and now serves as the company’s CEO.
He first became a billionaire at the age of 25.
He originally dropped out of Stanford University, but later returned in 2018 to earn a B.S. in Product Design.
12 Pedro de Godoy Bueno, 29 $1.1 Billion
Bueno is CEO of the health insurance company Diagnosticos da America SA.
He is known for being Brazil’s youngest billionaire. He has a sister named Camilla de Godoy Bueno Grossi, who is also a billionaire.
11 Lisa Draexlmaier, 29 $1 Billion
Based in Germany, Draexlmaier is known for being the sole owner of the auto parts manufacturing company Fritz Draexlmaier Holding GmbH.
The company is valued at over $5.5 billion and creates parts for a variety of high end companies including Audi, BMW, Mercedes-Benz, Porsche, and Tesla.
10 Ludwig Theodor Braun, 30 $1 Billion
Braun owns 10% of the medical device company B. Braun Melsungen.
Based in Germany, the company has over 64,000 employees and manufactures a variety of products including infusion and injecting solutions along with other surgical instruments.
9 Patrick Collison, 31 $3.2 Billion
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Patrick is the brother of fellow cofounder John Collison of the payment software company Stripe.
Also based in Ireland, Collison has captured the attention and the investments of fellow billionaires including Elon Musk and Peter Thiel.
8 Bobby Murphy, 31 $1.9 Billion
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Murphy is the cofounder and current CTO of the popular messaging app Snapchat.
He met his future cofounder and collaborator Evan Spiegel while they were fraternity brothers at Stanford University.
7 Lukas Walton, 33 $18.4 Billion
The richest person on this list, Walton is known for being both a board member and the Environmental Program Committee Chair of the Walton Family Foundation.
His significant stake in the company and combined roles placed him 44th overall on Forbes billionaires list in 2021.
6 Eva Maria Braun-Luedicke, 33 $1.2 Billion
Braun-Luedicke owns 12% of the medical technology company B. Braun Melsungen.
Overall, the company has over $8 billion in annual sales.
5 Wu Jihan, 34 $1.8 Billion
Jihan is the cofounder and chairman of the Chinese mining-chip company Bitmain Technologies.
Bitmain Technologies is China’s largest cryptocurrency mining-chip company and Jihan owns a 20% stake.
4 Aiyawatt Srivaddhanaprabha, 35 $3.7 Billion
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Thai businessman who is known for being the CEO and Chairman of King Power, a travel retain group based in Bangkok.
He is also known for serving as the Chairman of the English football club Leicester City.
3 Dmitry Bukhman, 35 $3.1 Billion
Both Bukhman and his brother Igor own the online gaming upstart Playrix.
Raised in Russia, Bukhman first started selling games while still in high school.
His company Playrix has now earned over $1.2 billion in annual revenue.
2 Tom Persson, 35 $2.5 Billion
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Persson is a third generation heir to the chic retailer H&M.
While working in movie production, several of his family members are also billionaires including his father, brother, and his sister Charlotte Söderstrom.
1 Nik Storonsky, 35 $1.2 Billion
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Storonsky is a London-based cofounder of the financial service firm Revolut.
The company handles a large variety of transactions ranging from currency exchange to surcharge-free ATMs, resulting in over 350 million transactions for more than 10 million customers.
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Sources: Forbes, BusinessInsider, Statista, PageSix, Wealthy Gorilla, MSN, GreatBigMinds
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