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 Cosmetics. Kylie 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.
