The 15 Youngest Billionaires in the World 2022

According to Forbes, there are 2,668 members of the three-comma club on the planet right now. The oldest is 100 years while the youngest is a 19-year-old from Germany. Fifteen of these billionaires are aged 30 and below while most of them are over 50 years, since building a billion-dollar fortune does not happen overnight. So, who are the youngest billionaires in the world and how did they get so rich while being so young? Continue reading to find out.

15. Jonathan Kwok

Age: 30

Net worth: $2.2 billion, inherited

Source of wealth: Real estate

Country: Hong Kong

Global rank: #1397

 Jonathan Kwok is Hong Kong’s youngest billionaire and the world’s 15th youngest. He inherited his massive fortune from his late father Walter Kwok, who was the son of Sun Hung Kai Properties founder Kwok Tak-Seng. After leaving Sun Hung, Walter founded the real estate company Empire Group Holdings in 2010.

Jonathan now has stakes in Sun Hung Kai Properties as well as Empire Group Holdings, where he serves as director. Sun Hung Kai is the largest property developer in Hong Kong.

Jonathan was first featured on the Forbes World Billionaires list in 2019 with a fortune of $2.5 billion. He’s currently the 44th richest individual in Hong Kong.

14. Alex Atallah

alex-atallah-and-devin-finzer
Alex Atallah (left) co-founded OpenSea, the world’s first and largest NFT marketplace. Devin Finzer (right) is the other co-founder.

Age: 30

Net worth: $2.2 billion, self-made

Source of wealth: Online marketplace

Country: United States

Global rank: #1397

Atallah is the co-founder and CTO of OpenSea, the world’s first and largest marketplace for non-fungible tokens (NFTs). According to Forbes, Alex became a billionaire in 2021, after a funding round that valued OpenSea at $13.3 billion.

NFTs are digital assets that represent real-world objects, like art or images. Alex is the 7th youngest billionaire in the United States. He founded the company in 2017 together with Devin Finzer.

13. Sam Bankman-Fried

Age: 30

Net worth: $24 billion, self-made

Source of wealth: Cryptocurrency exchange

Country: United States

Global rank: #60

At just 30, Bankman-Fried is one of the youngest billionaires in the world with a fortune of $24 billion. He’s the founder and CEO of the cryptocurrency exchange FTX which has more than one million users and averages $10 billion in daily trading volume. The billionaire also owns the majority of Alameda Research, a quantitative cryptocurrency trading company he started in 2017.

Sam is the world’s second-wealthiest billionaire in cryptocurrency after Binance founder Changpeng Zhao. FTX had a valuation of about $40 billion as of January 2022. Sam has stated that he plans to donate the majority of his wealth to charity in the course of his lifetime. TFX has a policy of giving away 1% of its revenue to charitable courses.

Bank-Fried lives in the Bahamas and reportedly shares an apartment with roommates.

Also read: The youngest billionaire in Africa

12. Andy Fang

andy-fang

Age: 30

Net worth: $1.1 billion, self-made

Source of wealth: Food delivery platform

Country: United States

Global rank: #2448

Fang is a Chinese-American billionaire who co-founded the food delivery company DoorDash in 2013 alongside fellow billionaires Tony Xu, Evan Moore, and Stanley Tang. He serves as the CTO of the firm, which boasts 56% of the market share. It’s the largest food delivery company in America. DoorDash also has operations in Japan, Germany, Canada, and Australia.

Fang holds a Computer Science degree from Stanford University. He owns about 4% of the company.

11. Stanley Tang

Age: 29

Net worth: $1.2 billion, self-made

Source of wealth: Food delivery platform

Country: United States

Global rank: #2324

Stanley Tang is one of the world’s youngest billionaires. He’s the Chief Product Officer at DoorDash, the food delivery company he helped found in 2013 with Andy Fang, Tony Xu, and Evan Moore. He owns about 4% of the company, which went public in December 2020.

The platform is used by more than 20 million consumers, one million deliverers, and over 450,000 merchants. DoorDash has made several acquisitions over the years including Caviar, Chowbotics, Scotty Labs, and Wolt.

Also read: Billionaires who dropped out of college

10. Gustav Magnar Witzoe

world-youngest-billionaires-gustav-magnar-witzoe

Age: 29

Net worth: $4.5 billion, inherited

Source of wealth: Fish farming

Country: Norway

Global rank: #637

He’s the 3rd youngest billionaire in Norway. Gustav is the largest shareholder of Salmar ASA, one of the largest producers of farmed salmon in the world. The billionaire’s father founded the company in 1991. Gustav was gifted his stake in the company by the father in 2013. Salmar sells its salmon to markets in the US, Russia, Asia, and Canada, among others.

The young billionaire also has investments in technology startups as well as real estate.

9. Gary Wang

Age: 29

Net worth: $5.9 billion, self-made

Source of wealth: Cryptocurrency exchange

Country: United States

Global rank: #431

Wang co-founded the cryptocurrency exchange FTX with fellow MIT graduate Sam Bankman-Fried in May 2019. He serves as the CTO of FTX and owns about 16% of The Bahamas-based crypto exchange.

The billionaire also founded the Chinese video-sharing website Tudou, which in 2012 was sold to Youku. Wang is also a novelist, screenwriter, and director. In 2013 he founded Light Chaser Animation Studios, a Beijing-based animation studio. He was included on the Forbes World Billionaires list for the first time in 2022.

8. Austin Russell

austin-russell

Age: 27

Net worth: $1.6 billion, self-made

Source of wealth: Sensors

Country: United States

Global rank: #1818

In 2012, he dropped out of Stanford University after winning $100,000 from the Thiel Fellowship. Today he’s one of the youngest billionaires in the world having amassed a net worth of $1.6 billion.

Austin started his automotive sensor company, Luminar Technologies when he was still in high school. He became the world’s youngest self-made billionaire at the age of 25 after Luminar went public in 2020. The company makes sensors that help autonomous cars see in 3D by bouncing laser beams off nearby objects and vehicles’ surroundings.

7. Ryan Breslow

Age: 28

Net worth: $2 billion, self-made

Source of wealth: E-commerce software

Country: United States

Global rank: #1513

Breslow dropped out of Stanford University in 2014 to develop e-commerce payment software Bolt, which aims to solve the complicated technological challenges involved in checkout. Bolt is used by companies such as Polywood, Badgley Mischka, and Forever 21, among others.

The billionaire launched the startup after experiencing first-hand the shortcomings in checkout and online commerce as he built e-commerce sites for businesses while in high school.

Breslow also chairs The Movement, a nonprofit that provides free dance classes for underprivileged communities in Miami that may not otherwise have that opportunity due to financial difficulties. The billionaire loves dancing, meditation, and yoga. In January 2022 he stepped down as CEO to become executive chairman of Bolt. Breslow is one of the new billionaires this year.

Also read: The world’s LGBTQ billionaires 2022

6. Katharina Andresen

world-youngest-billionaires-katharina-andresen

Age: 27

Net worth: $1.3 billion, inherited

Source of wealth: Investments

Country: Norway

Global rank: #2190

Katharina is the second youngest billionaire in Norway after her sister Alexandra Andresen. Her fortune comes from a 42% stake in her father’s holding company Ferd AS, which he transferred to her in 2007.

Ferd AS was founded in 2001 and has interests in real estate as well as industry and finance. Its real estate division, Ferd Real Estate manages about 70,000 square meters of real estate. Last year, Katharina had a net worth of $1.4 billion. According to Forbes, she’s one of the 15 billionaires in Norway.

5. Henrique Dubugras

henrique-dubugras

Age: 26

Net worth: $1.5 billion, self-made

Source of wealth: Fintech

Country: Brazil

Global rank: #1929

Dubugras became a billionaire in January 2022 when his California-based company Brex was valued at $12.3 billion. He’s now one of the youngest billionaires in the world at just 26. Henrique cofounded Brex, a corporate credit card fintech startup in 2017 together with Pedro Franceschi.

The duo met in 2012 through social media and launched their first startup, Pagar.me in 2013. Henrique began coding when he was 12. When he was 14, he hacked a popular Korean online game. He serves as the co-CEO of Brex.

4. Alexandra Andresen

Age: 25

Net worth: $1.3 billion, inherited

Source of wealth: Investments

Country: Norway

Global rank: #2190

In 2016 Alexandra became the world’s youngest billionaire at the age of 19. Her fortune comes from a 42% stake in Ferd As, an investment company founded by her father in 2001. Alexandra and her older sister Katharina Andresen, each received a 42% stake in the firm as a gift from their father, Johan H. Andresen in 2007.

The father and his two daughters own and control the Norway-based company. The family also owned a tobacco company that was sold in 1998. Alexandra is currently the youngest billionaire in Norway.

3. Wang Zelong

Age: 25

Net worth: $1.5 billion, inherited

Source of wealth: Chemicals

Country: China

Global rank: #1929

Wang is the youngest billionaire in China and the world’s third youngest. According to scmp.com, Wang owns stakes in CNNC Hua Yuan Titanium Dioxide, a chemical company listed on the Shenzhen Stock Exchange. He also has stocks in Lomon Billions Group, a producer of titanium dioxide.

Tatlerasia.com ranks Wang Zelong as the youngest billionaire in Asia. He’s one of the 607 billionaires in China (including Hong Kong and Macau).

Also read: These are the cities where most billionaires live

2. Pedro Franceschi

pedro-franceschi

Age: 25

Net worth: $1.5 billion, self-made

Source of wealth: Fintech

Country: Brazil

Global rank: #1929

Pedro Franceschi is the co-CEO of Brex, an American technology financial service firm that offers business credit cards and cash management accounts to technology companies. Pedro started Brex together with Henrique Dubugras in 2017.

The two met on social media in 2012 while they were both high school seniors. In 2013 they launched their first startup, a payment software known as Pagar.me which they later sold to a Brazilian rival in 2015. Both Pedro and Henrique attended Stanford University before dropping out in their freshman year to launch Brex.

1. Kevin David Lehmann, the youngest billionaire in the world

Age: 19

Net worth: $2.4 billion, self-made

Source of wealth: Drugstores

Country: German

Global rank: #1292

At just nineteen, Lehmann is the youngest billionaire on the planet. He has a net worth of $2.4 billion, from his 50% stake in dm (drogerie markt), the leading drugstore chain in Germany by revenue.

The company began as a single store in 1973 with the young billionaire’s father, Guenther, investing in it in 1974. Today it has more than 3,800 stores in 14 countries around the globe. Guenther transferred his 50% stake in the $12 billion revenue company to David in 2017.

Kevin David is one of the 134 billionaires in Germany.

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