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Top 4 Youngest Billionaires In The World

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Top 4 Youngest Billionaires In The World,Startup Stories,Youngest Billionaires,World Youngest Billionaires,Top Youngest Billionaires 2020,Youngest Billionaires 2020,Kylie Jenner,Investment Company Ferd,Gustav Magnar Witzoe,Evan Spiegel

It is not easy to become  a billionaire overnight, as a lot of sweat, blood, tears and dedication go towards achieving this feat.  Becoming a billionaire can happen with inheriting assets/properties or building a product/service and painstakingly dedicate effort and time towards earning the first billion.

In this era of fast paced technology, startups are most often seen as one of the ways to earn the tag of a billionaire so much so that startups which are valued over a billion dollars are termed as Unicorns.

While some people become billionaires after a couple of decades, some of them were able to achieve this feat at quite a young age.  Let us take a look at four of the youngest billionaires in the world.

Kylie Jenner- Net Worth: 1 billion Dollars

Kylie Jenner holds the top position of the youngest billionaire in the world along with the distinction of being the youngest selfmade billionaire as well.  Kylie was not new to being in the limelight due to the reality show Keeping Up With The Kardashians which became wildly popular, following which Kylie Jenner launched a cosmetics company Kylie CosmeticsKylie Jenner also boasts 150 million followers on Instagram.  At the age of 22, Kylie Jenner holds the title of the world’s youngest billionaire.  Kylie Jenner currently has a net worth of 1 billion Dollars.

Investment Company Ferd scions- Alexandra and Katharina Andresen 

Ferd is an investment and holding firm located in Norway. Ferd operated in several business areas including  investing in private and public companies mutual funds,hedge funds (pool of money from investors) and real estate among many others.  After inheriting a 42.2% ownership stake from their father and Ferd founder, Johan H. Andresen Jr., Alexandra and Katharina Andresen became billionaires at the ages of 23 and 24 respectively.  Alexandra and Katharina Andresen have a net worth of 1.4 billion Dollars each.

Gustav Magnar Witzoe

Gustav Magnar Witzoe is a significant shareholder in Salmar ASA, a Salmon fish farming company. Salmar ASA is one of the world’s largest producers of farmed Salmon.  After inheriting a stake in Salmar ASA, Gustav Magnar Witzoe became a billionaire at the age of 25.  Gustav Magnar Witzoe hails from Norway and has a net worth of 3.2 billion Dollars.

Evan Spiegel

Evan Spiegel is the founder and owner of one of the most popular social networking app Snapchat. Snapchat employs the use of pictures that ‘vanish’ or ‘disappear’ upon viewing by an individual.  A self made billionaire, Evan Spiegel was crowned as the world’s youngest billionaire in 2015. Evan Spiegel now sits at the fourth position and is 29 years old.  Evan Spiegel has a net worth of 3.4 billion Dollars.

It is truly an incredible achievement to become a billionaire at such a young age.  One can only wait and watch what these young people go on to achieve and how they would influence the world in the future.

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Entrepreneur Stories

From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.

MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.

As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.

This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

Nazara Technologies has sold its entire 71.54% stake in Sports Unity Private Limited, the company behind the multiplayer quiz game ‘Qunami’, for INR 7.15 lakh. This divestment, effective March 25, 2025, signifies a strategic shift for Nazara, which had previously acquired a controlling interest in Sports Unity in 2019 for INR 7.5 crore.

The decision to offload the stake comes as Sports Unity has faced financial difficulties, reporting no active business operations and a negative net worth of INR 0.45 crore at the end of FY24. This move aligns with Nazara’s broader strategy to streamline its operations and concentrate on more profitable ventures within the gaming sector.

This sale follows Nazara’s recent divestment of a 94.85% stake in another subsidiary, Open Play, to Moonshine Technologies for INR 104.33 crore. Despite reporting record quarterly revenue of INR 544.7 crore in Q3 FY25, Nazara experienced a 53.5% decline in net profit year-over-year.

Nazara continues to focus on enhancing its portfolio through strategic acquisitions and investments in high-potential gaming platforms while navigating the competitive landscape of the gaming industry.

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Bengaluru’s Hypergro.ai Raises Rs 7 Crore to Enhance AI-Powered Advertising Solutions

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Hypergro.ai, a Bengaluru-based marketing technology startup, has raised Rs 7 crore in seed funding led by Silverneedle Ventures, with participation from Huddle, TDV Partners, HME Ventures, Dholakia Ventures, FiiRE, and angel investors. Founded in 2022 by Rituraj Biswas, Neha Soman, Abhijeet Kumar, and Arijit Mukhopadhyay, the company aims to revolutionize digital marketing by addressing challenges like high Customer Acquisition Costs (CAC) and low Return on Ad Spend (ROAS).

 

The startup leverages AI to create hyper-personalized video ads using user-generated content (UGC). The fresh capital will be used to enhance Hypergro.ai’s AI capabilities, expand operations, and build a specialized team focusing on data analysis, predictive algorithms, and automation.

 

Since its inception, Hypergro.ai has collaborated with over 70 brands, including several from Shark Tank India. The company’s innovative approach has led to its selection for Google’s Startups Accelerator: AI First (India) program in July 2024, providing access to critical training, mentorship, and state-of-the-art AI tools.

 

Hypergro.ai’s platform now supports a community of over 300,000 creators across India and has partnered with more than 100 brands, significantly enhancing its AI model’s accuracy and improving revenue generation for clients. As it continues to expand and refine its AI-powered marketing solutions, Hypergro.ai is set to transform the digital advertising landscape, offering businesses more effective and efficient customer acquisition and engagement strategies.

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