Of the 2,095 billionaires in the world, only ten are under 30 years old. Altogether , this young group is worth $ 15.9 billion. They cover the world, originating from the United States, Brazil, Germany, Hong Kong, Ireland and Norway.
Despite the decline in global markets in response to the COVID-19 pandemic, three people under the age of 30 made the list for the first time this year. Pedro de Godoy Bueno, 29, inherited assets from his billionaire father, Edson de Godoy Bueno, who died in 2017. Pedro’s fortune has grown over the past year to around $ 1.1 billion as the Brazilian laboratory services company Diagnósticos da América SA’s stock has tripled. The second new entrant is Lisa Draexlmaier, 29, who owns and is co-CEO (with her father Fritz) of the holding company of German auto parts maker Fritz Draexlmaier Co & KG. Elizabeth Furtwaenger, 28, is now worth $ 1.2 billion after her father, Hubert Burda, gave her a 37.4% stake in the family’s media empire.
Only three of this elite cohort are self-made billionaires: Snap co-founder, CEO Evan Spiegel, John Collison of payments startup Stripe and, yes, makeup mogul Kylie Jenner. In November, she signed a deal to sell a 51% stake in Kylie Cosmetics to beauty giant Coty Inc. for $ 600 million. Jenner recently donated $ 1 million to Cedars-Sinai Medical Center in Los Angeles, the hospital where she gave birth to her daughter Stormi in 2018, to purchase personal protective equipment such as masks and screens. facial.
Collison, born and raised in Limerick, Ireland but now living in San Francisco, is the richest billionaire under the age of 30, with a fortune of $ 3.2 billion. The value of its stake in privately held Stripe has nearly tripled in the past two years thanks to three nine-figure funding rounds. The most recent, a $ 250 million Series G in September, valued Stripe at $ 35 billion.
The other seven under 30 have all inherited their wealth. Jonathan Kwok, 28, became a full billionaire after his father, Hong Kong real estate mogul Walter Kwok, passed away in 2018. Alexandra Andresen, now 23, has been a billionaire since age 19 thanks to his stake in Ferd, the Norwegian investment company his father still runs.
Here are the 10 youngest members of the 2020 billionaire list, starting with the youngest. The net values were calculated using stock prices and exchange rates for March 18, 2020:
1- KYLIE JENNER
AGE: 22
Net worth : $ 1 BILLION
SOURCE OF WEALTH: COSMETICS
The celebrity turned makeup mogul is the world’s youngest self-made billionaire. In November, she signed a deal to sell a 51% stake in Kylie Cosmetics to beauty giant Coty Inc. for $ 600 million.
2- ALEXANDRA ANDRESEN
AGE: 23 years old
Net worth: $ 1.1 BILLION
SOURCE OF WEALTH: INVESTMENT FIRM
3- KATHARINA ANDRESEN
AGE: 24
Net worth : $ 1.1 BILLION
SOURCE OF WEALTH: INVESTMENT FIRM
The Norwegian sisters each inherited 42% of the family investment company Ferd in 2007. Their father Johan still runs Ferd and controls 70% of the voting rights through a two-class share structure.
4- GUSTAV MAGNAR WITZOE
AGE: 26
Net worth: $ 2.3 BILLION
SOURCE OF WEALTH: FISH CULTURE
Witzoe owns almost half of Salmar ASA, one of the world’s largest salmon producers, which is still run by his father. The Norwegian heir specializes in modeling as well as technology and real estate investments.
5- ELIZABETH FURTWAENGER
AGE: 28 years old
Net worth: $ 1.2 BILLION
SOURCE OF WEALTH: EDITION
Furtwaenger and his older brother Jacob were each received a 37.4% stake in the family’s German media company by their father, Hubert Burda, who is no longer a billionaire. Burda Media titles include the German editions of Elle and Playboy. Furtwaenger and his brother Jacob sit on the board of directors.
6- JONATHAN KWOK
AGE: 28 years old
Net Worth: $ 2 BILLION
SOURCE OF WEALTH: REAL ESTATE
Kwok, along with his older brother Geoffrey, inherited their late father Walter Kwok’s stake in Sun Hung Kai Properties, Hong Kong’s largest developer, in 2018. Shares of Hong Kong-listed SHKP fell by almost 18 % since the coronavirus outbreak at the start of the year.
7- JEAN COLLISON
AGE: 29
Net Worth: $ 3.2 BILLION
SOURCE OF WEALTH: STRIPE
Stripe, the payments company founded by John and his older brother Patrick, raised $ 250 million from investors for a valuation of $ 35 billion in September 2019. John, born and raised near Limerick, Ireland, now lives in San Francisco, where Stripe is headquartered.
8- EVAN SPIEGEL
AGE: 29
Net Worth: $ 1.9 BILLION
SOURCE OF WEALTH: SNAP
The Snapchat co-founder is one of the youngest CEOs of a publicly traded company in the world. After a rally in 2019, Snap shares are down 50% since the start of the year. Spiegel, born in the United States, quietly became a dual American-French citizen in 2018, according to information in the French press.
9- PEDRO DE GODOY BUENO
AGE: 29
Net Worth: $ 1.1 BILLION
SOURCE OF WEALTH: DIAGNOSIS SERVICES
A newcomer to the billionaire ranks, Pedro is the son of the late Edson of Godoy Bueno (who died in 2017), once Brazil’s richest billionaire in the health sector. Bueno is the CEO and largest shareholder of the laboratory services company Diagnósticos da América SA, which has seen its shares almost triple over the past year.
10- LISA DRAEXLMAIER
AGE: 29
Net worth : $ 1 BILLION
SOURCE OF WEALTH: CAR PARTS
Draexlmaier and his father, Fritz, are co-CEOs of Fritz Draexlmaier Holdings GmbH, the holding company of the auto parts maker of the same name. Lisa, now the sole owner, joins the list of billionaires for the first time.