Top 10 Youngest Billionaires Of 2020 – Teen Blurb

As at March 2020, there were about 47 billionaires under the age of 40, with a cumulative net worth of $199.8 billion. This group represents approximately 2.5% of the total world billionaires.

The youngest billionaire currently in existence is just 23 years old, while the tenth-youngest is only 34 years old. They’re pretty young right? The fact is that there are more billionaires today than they ever were decades ago. Digitalization has opened up a whole new world of opportunities for teenagers to cue in to. 

Here’s a list of the top ten youngest billionaires in the world.

1. Kylie Jenner

Age: 23

Net worth: $1B

Born on August 10th 1997, Kylie Kristen Jenner is an American media personality, socialite, model, and businesswoman. She has starred in the E! reality television series Keeping with the Kardashians since 2007 and is the founder and owner of cosmetic company Kylie Cosmetics.

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Kylie Jenner has since made a name for herself as an entrepreneur. At the age of 14, she and her sister Kendall launched their clothing line, Kendall & Kylie. In 2015, Kyle created a cosmetics company called Kylie Lip Kits, which was later rebranded as Kylie Cosmetics. Her success may be attributed to her considerable social media presence. She has an astonishing 167 million Instagram followers.

2 & 3. The Andresen Sisters, Alexandra and Katharina

Respective ages: 24 and 25

Net worth: $1.1B each

Katharina Gamlemshaug Andresen was born on 21st May 1995. She is a Norwegian heiress, and as of 2020, the world’s third-youngest billionaire ($1.1 billion) as reported by Forbes.

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Alexandra Gamlemshaug Andresen was born on 23rd July 1996. She is the younger sister to Katharina, and also a Norwegian heiress. She became the world’s youngest billionaire at age 19 in 2016. The youngster held the position of youngest billionaire on the Forbes List for three consecutive years. As of 2020, Andresen is the world’s second youngest billionaire and her net worth is estimated at $1.1 billion.

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The Andresen Sisters

Both Alex and Katharina are daughters of Johan H. Andresen Jr., owner of Ferd AS. In 2007 Johan transferred 42.2% ownership stakes each to Katharina and her sister Alexandra. 

4. Gustav Magnar Witzoe

Age: 27 

Net worth: $2.9B

Born on February i 1993, 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.

His father founded SalMar, which is one of the world’s largest producers of farmed salmon. SalMar also owns a significant stake in Scottish Sea Farms, the UK’s second-largest salmon farmer.

https3a2f2fspecials-images-forbesimg-com2fimageserve2f5e9f5e1092076f000700e6682f0x0-4347561 Gustav Witzoe

When he was 19, Witzøe served two weeks in prison after being arrested for driving 116 km/h in a 60 km/h zone.

In 2013, Witzøe’s father transferred 47% of the company to him to allegedly avoid a large inheritance tax bill. Witzøe is involved with the family business and worked as a milker at SalMar’s fish farms in Frøya. As of 2020, his net worth was $2.9 billion.

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Witzøe is also a technology startup and property investor. He previously worked for MGM Property, and has invested in both Gopi and Keybutler.

5. Jonathan Kwok

Age: 28

Net worth: $2.0B

Jonathan Kwok is the youngest son of the late Walter Kwok, former chairman of Sun Hung Kai Properties, Hong Kong’s largest real estate developer. Along with his brother, Jonathan inherited Walter’s direct stake in SHKP.

photo-e1517100597843-544x540-4939600 Jonathan Kwok

6. John Collison

Age: 30

Net worth: $3.2B

John Collison was born in 1990. He is an Irish billionaire entrepreneur. He is best known for having co-founded Stripe with his brother Patrick. The brothers are worth at least $3.2 billion each, after San Francisco-based Stripe raised $150 million from CapitalG. The brothers hold a controlling interest in Stripe and will be able to retain control should the company go public.

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wn8r_xyt-4496246 Joe Collison

7. Evan Spiegel

Age: 30 years

Net worth: $2.4B

Evan Spiegel is the co-founder and CEO of Snap Inc., the social media company that operates vanishing photo app Snapchat. Spiegel studied product design at Stanford University, where he met his co-founder and fellow billionaire, Bobby Murphy.

evan-spigel-810x456-2770756 Joe Spiegel

8. Patrick Collison

Age: 32 years

Net worth: $3.2B

With his brother John Collison, Patrick co-founded Stripe, a tech company that lets businesses easily transact online payments. Stripe’s big-name investors include Tesla Inc. CEO, Elon Musk, and PayPal co-founder, Peter Thiel.

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9. Bobby Murphy

Robert Cornelius Murphy (born July 19, 1988) is an American Internetpreneur and software engineer.  He is the co-founder of social media companySnap Inc., which he created (as Snapchat Inc.) with Evan Spiegel and Reggie Brown while they were students at Stanford University.

image-3-5826872 Bobby Murphy

He was named as one of “100 Most Influential People in 2014” by Time.In 2015, Murphy was first listed and became the second-youngest billionaire in the world by Forbes.

10. Lukas Walton

Age: 34

Net Worth: $17.3B

Lukas Walton was born in 1986/1987. He is an American billionaire   heir. He is the grandson of Sam Walton, the founder of Walmart.

Lukas is the only child of John Walton. His father, John T. Walton, died in a plane crash in 2005. Lukas has a bachelor’s degree in environmentally sustainable business from Colorado College,l where he graduated in 2010. He went on to work at True North Venture Partners.

https3a2f2fspecials-images-forbesimg-com2fimageserve2f5d89f3c36de3150009a4e5bd2f0x0-1574398 Lukas Walton

The billionaire currently works for the Walton Family Foundation. He is the environment program committee chair at the organization. As of 2020, Lukas Walton is ranked 44th in the Forbes’ annual list of the world’s billionaires.

That’s quite a loaded list. Whether it’s due to extravagant inheritances, family business empires, or their own entrepreneurial successes, these people have made their mark on the society.

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