Top 10 Youngest Billionaire In The World 2020- Currently, there are over 2,000 billionaires according to Forbes magazine. In this article, we take a look at the Youngest Billionaires in The World 2020. Some of them are self-made, some run family businesses while others are beneficiaries of a large fortune in the form of inheritance. Topping the list for this year is Kylie Jenner, a 21-year-old self-made billionaire from the United States of America. Let’s go into the full list without wasting time.
So many readers have asked a series of questions such as;
- Who is the Youngest Billionaire In The World?
- Who is the Youngest Female Billionaire In the World?
- Who Is The Youngest Billionaire In America?
- Who is the Youngest Billionaire In The World 2018?
- Who is the Youngest Billionaire In The World 2020?
- who is the Youngest Richest Person In The World?
- Who is The Richest Youngest Man On Earth?
all of these questions will have answers in our subsequent paragraphs, just take your time to read along as we give you the list of Youngest Billionaire On Earth for 2020.
TOP 10 YOUNGEST BILLIONAIRE IN THE WORLD 2020-BIOGRAPHY AND CURRENT NET WORTH
- #1. Kylie Jenner
- Age:21
- Real Time Net Worth: $1B As Of 3/27/19
- 2020 Billionaires Net Worth: $1B As Of 3/5/19
At 21, celebrity-turned-makeup mogul Kylie Jenner is the Youngest Billionaire In The World In 2020. Kylie is a member of the famous Kardashian-Jenner clan and is the youngest self-made billionaire ever, beating the record of Facebook CEO Mark Zuckerberg who was 23 years old when he became a billionaire. Kylie was just ten years old when her family’s reality TV show, Keeping up with the Kardashians, premiered. She made her television debut on the show in the year 2007. Kylie Jenner was born on the 10th of August, 1997, in Los Angeles, California to Kris Jenner and former Olympic gold medalist Bruce Jenner who is now known as Caitlyn Jenner. When she was 17, two years before she started her business, Kylie Jenner trademarked the phrase “Kylie Lip Kits … For the perfect pout.” She used $250,000 out of her earnings from modeling gigs to pay an outside company to produce her first 15,000 lip kits which she started peddling for $29 in 2015. In 2018 alone, she sold an estimated $360 million worth of Kylie Cosmetics. Kylie has leveraged her 177 million social media followers to create a billion-dollar fortune for herself. In November 2018, Kylie Jenner launched a distribution deal with beauty retailer Ulta and sold an estimated $55 million of product in just six weeks. Her company which she wholly owns is now worth at least $900 million, thanks to super low overhead and massive sales. Kylie is single but now has a daughter. In 2015, she was included on Time magazine’s Most Influential Teens list and in 2018, she made Forbes’ list of wealthiest celebrities. She is the 2057th richest person in the world.
- #2 Alexandra Andresen
- Age:22
- Real Time Net Worth: $1.5B as of 3/27/19
- 2020 Billionaires Net Worth: $1.4B as of 3/5/19
The second youngest billionaire in the world is Norwegian Alexandra Andresen. At 22, she is an only year younger than her sister Katharina who occupies a 3rd spot on this list. Both Alexandra and her sister inherited a 42.2% stake in Norwegian investment firm Ferd from their father, Johan. Ferd runs hedge funds and is an active investor on the Nordic stock exchange. The firm also has private equity investments. Currently, her net worth is put at $1.4 billion. She is ranked 1605 on Forbes 2020 billionaires list. Although the two sisters are majority holders of Ferd shares, their father Johan still runs the firm and controls 70% of voting rights via a dual-class share structure.
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- #3 Katharina Andresen
- Age:23
- Real Time Net Worth: $1.5B as of 3/27/19
- 2020 Billionaires Net Worth: $1.4B as of 3/5/19
Rounding up the top 3 on this list of Youngest Billionaires In The World 2020 is Katharina Andresen. She was born in the year 1995 in Norway. Just like her sister, Katharina inherited a 42.2% stake in the family-owned investment firm Ferd, which runs hedge funds and also has private equity investments. Her current net worth is put at $1.4 billion. She made headlines years back when she was fined 250,000 kroner for drunk driving. She is the 1605th richest person in the world currently.
- #4 Gustav Magnar Witzoe
- Age:25
- Real Time Net Worth$2.9B as of 3/27/19
- 2020 Billionaires Net Worth$3B as of 3/5/19
25-year-old Gustav Magnar Witzoe is 4th on this list. He is the richest of the youngsters on this list boasting an impressive net worth of $3 billion. He owns roughly 50% of SalMar ASA, one of the world’s largest salmon producers. Gustav Magnar Witzoe’s stake in SalMar ASA came from his father as a gift in the year 2013. His father founded the company in the year 1991. The company has so far led the industrialization of fish farming in Norway, refining the product into much more sophisticated cuts with higher margins. While Witzoe Sr. still runs the company, Gustav Magnar Witzoe on his part has been investing in tech startups and real estate. He is currently the 745th richest person in the world.
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- #5. John Collison
- Age:28
- Real Time Net Worth: $2.1B as of 3/27/19
- 2020 Billionaires Net Worth: $2.1B as of 3/5/19
John is the younger brother of Patrick Collison and co-founder of Stripe. The Irish-born brothers co-founded Stripe in the year 2011 while studying at Harvard University although they hatched the idea while still in college at Boston. Stripe is a company that allows businesses and individuals to accept payments over the internet. John was born and grew up in the countryside near Limerick, Ireland, where his parents owned and ran a lakeside hotel. The 28-year-old John currently has a net worth of $2.1 billion and is the president of Stripe. The first payment processed by Stripe happened while both brothers were on vacation in South America. In September 2018, Stripe announced a $245 million funding round that valued the business at $20.25 billion. He is ranked 1116th on the list of richest people in the world in 2020.
- #6. Evan Spiegel
- Age:28
- Real Time Net Worth: $2.5B as of 3/27/19
- 2020 Billionaires Net Worth: $2.1B as of 3/5/19
At 28 years old Evan Spiegel is joint 5th on this list and rounds up the top 5 Youngest Billionaires In The World list. His net worth is put currently at $2.1 billion according to Forbes. Spiegel is the co-founder and also CEO of Snap Inc, the company behind popular social media platform, Snapchat. While Spiegel was at Stanford studying, he met Bobby Murphy and the two men built Snapchat from scratch. Today, Snapchat has grown and currently has about 200 million active users. Spiegel and Murphy both own about 18% each of the company. Spiegel became one of the youngest public company CEOs at the age of 26 when Snap began trading in March 2017. He is the 1116th richest person in the world today.
- #7 Ludwig Theodor Braun
- Age:29
- Real Time Net Worth: $1.1B as of 3/27/19
- 2020 Billionaires Net Worth: $1B as of 3/5/19
Ludwig Theodor Braun is today the 7th youngest billionaire in the world. He holds a 10% share in Germany medical instruments maker B. Braun Melsungen. The company started in 1839 as a small pharmacy that sold herbal remedies. Theodor’s father, Ludwig Georg Braun, took the reins of the company in 1977 when it had just $24 million in annual sales. The company has since grown with annual sales now around $8 billion. Today, the company operates on a global scale with 60,000 employees. B. Braun now manufactures several medical products ranging from infusion and injection solutions to surgical instruments. The 29-year-old boasts a net worth of $1.1 billion and is ranked 2057th in 2020 Forbes billionaire’s list.
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- #8. Anna Kasprzak
- Age: 29
- Real Time Net Worth: $1.1B as of 3/27/19
- 2020 Billionaires Net Worth: $1B as of 3/5/19
Anna Kasprzak was born on the 8th of December 1989. She is a Danish dressage rider who represented Denmark at two consecutive Summer Olympics, 2012 and 2016. Her best individual Olympic result is a 14th place finish that she achieved in 2016, but she came 4th with a Danish team in a team event. Anna Kasprzak is one of the youngest billionaires in the world today even though she couldn’t reach the top in her sporting career. She along with her brother André and mother Hanni, owns Danish shoe manufacturer, ECCO. The company today makes $1.46 billion in sales. The company’s products are sold in 90 counties all over the world from more than 2,200 ECCO shops and online. ECCO was initially founded by her late grandfather, Karl Toosbuy in the year 1963. She is the 2057th richest person in the world.
- #9 Jonathan Kwok
- Age:30
- Real Time Net Worth: $2.5B as of 3/27/19
- 2020 Billionaires Net Worth: $2.5B as of 3/5/19
Jonathan Kwok, the younger son of the late Walter Kwok, makes this list in 9th place. His late father Walter was the former chairman of Hong Kong’s largest developer, Sun Hung Kai Properties. Following a feud with his two brothers, Thomas and Raymond, Walter was ousted as chairman of SHKP. He then started Empire Group Holdings, a property development company. On the 20th of October 2018, Walter died leaving behind the company to his two sons. Jonathan and his brother, Geoffrey, took over Empire Group Holdings, and also inherited Walter’s direct stake in SHKP. They are also named beneficiaries of one-third of five large family trusts held by their grandmother.
- #10 Patrick Collison
- Age: 30
- Real Time Net Worth: $2.1B as of 3/27/19
- 2020 Billionaires Net Worth: $2.1B as of 3/5/19
Rounding up this list is Patrick Collison. He is a self-made billionaire with an estimated net worth of $2.1 billion currently. He is the co-founder of online payments service provider Stripe with his younger brother John Collison. Stripe’s big-name investors include the likes of Elon Musk and Peter Thiel.
Conclusion On Top 10 Youngest Billionaire In The World 2020-Biography And Current Net Worth
That’s all on top 10 Youngest Billionaires In The World In 2020.
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