- Kylie Jenner Is The Youngest Billionaire In The World with $1 Billion Of Net Worth with her cosmetics business. 3 new entrants entered the list.
Of the world’s 2.095 billionaires, only ten are below 30. The precocious bunch, together, is worth $15.9 billion. They cover the globe, hailing from the United States, Brazil, Germany, Hong Kong, Ireland, and Norway.
Given the collapse of global markets in reaction to the COVID-19 pandemic, this year for the first time three people under the age of 30 have made the list. His billionaire father, Edson de Godoy Bueno, who died in 2017, inherited assets from Pedro de Godoy Bueno, age 29. Pedro’s fortune rose to an estimated $1.1 billion in the past year as a stock of Brazilian laboratory services provider Diagnósticos da América SA tripled.
The second new entrant is Lisa Draexlmaier, 29, who owns and is the co-CEO (with her father Fritz) of the holding company for Fritz Draexlmaier Co & KG, a German car parts manufacturer. Elizabeth Furtwaenger, 28, now stands at $1.2 billion after her father Hubert Burda gave her a 37.4 percent share in the media empire of the family.
Only three in this elite class are self-made billionaires: snap co-founder CEO Evan Spiegel, payments company John Collison Stripe and, yes, beauty queen Kylie Jenner. She inked a deal in November to sell $600 million to cosmetics giant Coty Inc. for a 51 percent interest in Kylie Cosmetics. Jenner recently donated $1 million for purchasing personal security equipment such as masks and face shields to Cedars-Sinai Medical Center in Los Angeles, the hospital where she gave birth to daughter Stormi in 2018.
Born and raised in Limerick, Ireland but now living in San Francisco, Collison is the youngest billionaire under the age of 30, with a fortune of $3.2bn. Due to three nine-figure investment rounds, the valuation of his interest in privately owned Stripe has nearly tripled over the past two years. The new, a $250 million Series G in September, but the value of Stripe at $35bn.
The remaining seven under the age of 30 all inherited their wealth. Jonathan Kwok, 28, first became a billionaire in his own right after the death of his father, Hong Kong property developer Walter Kwok, in 2018. Alexandra Andresen, now 23, has been a billionaire since she was 19, owing to her interest in Ferd, her father still runs the Norwegian investment company.
Here are the Top 10 youngest billionaires across the world:-
- Kylie Jenner– The celebrity-turned-makeup mogul is the youngest self-made multimillionaire ever in the world. Kylie Jenner inked a deal in November to sell $600 million to beauty giant Coty Inc. for a 51 percent interest in Kylie Cosmetics.
- Alexandra Andersen & Katharina Andersen– In 2007, each of the Norwegian sisters inherited 42 percent of the family-owned investment company Ferd. Their father Johan still runs Ferd and through a dual-class share, arrangement owns 70 percent of the voting rights.
- Gustav Magnar Witzoe– Witzoe owns nearly half of Salmar ASA, one of the largest salmon producers in the world, which his father also oversees. The Norwegian heir dabbled in modeling, as well as investing in software and real estate.
- Elizabeth Furtwaenger– Their boss, Hubert Burda, who is no longer a billionaire, each gave Furtwaenger and her older brother Jacob a 37.4 percent stake in the German media company of the family. Burda Media’s titles include the Elle and Playboy German editions. Furtwaenger sits on the board of directors along with her brother Jacob.
- Jonathan Kwok– In 2018 Kwok and his older brother Geoffrey inherited the interest of their late father Walter Kwok in Sun Hung Kai Properties, the biggest investor in Hong Kong. Hong Kong-listed SHKP shares have fallen nearly 18 percent since the start of the year coronavirus outbreak.
- John Collison– In September 2019, Stripe, the payment company founded by John and his older brother Patrick, raised $250 million from investors for a $35 billion valuation. John, born and raised in the vicinity of Limerick, Ireland, now lives in San Francisco where Stripe is based.
- Evan Spiegel– The co-founder of Snapchat is one of the world’s youngest CEOs at a publicly-traded firm. Snap stock is down 50 percent since the beginning of the year since rallying in 2019. Raised in the U.S., Spiegel secretly became a dual American-French citizen in 2018 according to French press reports.
- Pedro De Godoy Bueno– A newcomer to the ranks of billionaires, Pedro is the son of the late Edson de Godoy Bueno (d. 2017), once Brazil’s richest billionaire in health care. Bueno is the CEO and main shareholder of Diagnósticos da América SA, a laboratory services company that has seen its shares nearly triple in the past year.
- Lisa Draexlmaier– Draexlmaier and her father, Fritz, are co-CEOs of the same-name auto parts maker Fritz Draexlmaier Holdings GmbH, the holding company. For the first time, Lisa, now sole proprietor, joins the list of billionaires.
You can find the full list here.