It could definitely be said that the dreams of many young people involve climbing the financial ladder while still young. And in today’s fast paced, ever-changing world, young people are achieving this goal in new and innovative ways. Social media and innovative marketing methods have created some of the world’s youngest billionaires, so here are some of those fortunate individuals from the youngest onwards.
Known for her stints on reality TV and being part of the famous Kardashian family, Kylie Jenner remains on top of this list. At only twenty-three, Jenner has a net worth of around $1 billion. Although she isn’t the individual with the highest net worth on this list, she is certainly the youngest. Jenner is the founder of her own cosmetics company, and she made a massive, lucrative deal with Coty in 2019.
Alexandra and Katharina Andresen
At 24 and 26 respectively, Alexandra and Katharina Andresen are the second and third on this list with a net worth of around $1.1 billion each. They are both Norwegian heiresses and the daughters of the owner of FerdAS, a holding company. They have ownership stakes of 42.2% of FerdAS each. Alexandra has won awards for her dressage riding and has worked as a model a number of times for equestrian clothing.
Gustav Magnar Witzøe
Gustav Magnar Witzøe is a 28, and a shareholder of the company his father founded, making him the fourth on this list and in possession of a net worth of around $2.9 billion. He is a major shareholder in Salmar ASA, a huge salmon farming company that owns large stakes in Scottish Sea Farms. Witzøe has worked directly with his father’s company, as well as being involved with technology start-ups. In addition, he has also dabbled in property investment.
At 28, Elizabeth Furtwaengler has a net worth of around $1.2 billion from 37.4% shares in her father’s publishing company. She attended Cambridge University, and she has an active role on the company’s board and has a career as a singer-songwriter under the stage name Lisa Fou. With her mother, she helped found the MaLisa Foundation: a charity committed to ending violence against women and girls worldwide and breaking family-role stereotypes in Germany.
Jonathan Kwok’s fortune comes from the real estate industry, and he has a net worth of $2.4 billion as of 2021. Kwok is the youngest son of the late Walter Kwok, who chaired one of the biggest real estate developers in Hong Kong: Sun Hung Kai Properties. Jonathan and his older brother took over Empire Group Holdings – a developer their father began – as well as significant stakes in Sun Hung Kai Properties. He is only 29 years old.
Unlike many on this list, 30-year-old John Collison is a self-made billionaire entrepreneur, co-founding the technology company Stripe with his brother Patrick in 2010. Stripe received backing from tech giants like Elon Musk and could be said to be just one of the technological innovations that the brothers have pioneered. As of 2020, Collison has had a net worth of around $3.2 billion.