The recent year has been a windfall for the world’s wealthiest, even though the wealth gap between the rich and the poor widened even before the COVID-19 outbreak and the economic recession it produced. Most billionaires increased their wealth by billions, which might widen the inequality gap even further.
The 50 individuals on this list of the youngest billionaires have abundant economic stability, whereas the world’s working poor only dream of it. The youngest billionaire, born in 1995, is only 26 years old, while the oldest is 47. As of March 17, 2021, Stacker gathered net worth information from Forbes’ Real-Time Billionaires List. Any ties in age were broken by net worth, and the list is updated in real-time.
Others came from more modest origins, while many came from backgrounds that offered only chances to those with money. Some people left their home nations in search of opportunities, while others were born to single parents who had difficulty supporting them. While many billionaires on the list attended prestigious universities, such as the Ivies, and graduated from them, others never attended college or dropped out, sometimes to follow the ideas that eventually made them wealthy. Find out who made the elite and prestigious list by reading on.
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1. Austin Russell
The list’s youngest billionaire left Stanford after being awarded a $100,000 Thiel Fellowship. When he was only 17 years old and enrolled as a student at an elite institution, Austin Russell also developed the concept for his business, Luminar. At the ripe old age of 25, Russell became a fortune thanks to his automotive sensor business, Luminar Technologies.
Age-26
Net worth: $2.8 billion (#1,083 Forbes rank)
Source of wealth: sensors
2. Stanley Tang
Stanley Tang, the head of DoorDash’s labs, is also one of the company’s four co-founders. Along with other co-founders, Tony Xu and Andy Fang, Tang became a billionaire a few days after DoorDash went public in December 2020. The fourth co-founder, Evan Moore, worked for DoorDash briefly.
Age: 29
Net worth: $1.7 billion (#1,732 Forbes rank)
Source of wealth: food delivery app
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3. Andy Fang
Andy Fang is the head of consumer engineering at DoorDash and is one of the company’s co-founders. In December 2020, his 4% ownership in the meal delivery app made him a billionaire.
Age: 29
Net worth: $1.7 billion (#1,723 Forbes rank)
Source of wealth: food delivery app
4. Evan Spiegel
Evan Spiegel, the dashing co-founder of Snapchat and the list’s youngest millionaire, wed supermodel Miranda Kerr in 2017. Spiegel dropped out of Stanford to establish Snapchat, but he eventually earned a product design degree from the esteemed institution in 2018. Bobby Murphy, another co-founder of Snapchat, jointly holds about 18% of the business, where he is the CEO.
Age: 31
Net worth: $11.8 billion (#182 Forbes rank)
Source of wealth: Snapchat
5. Whitney Wolfe Herd
The creator and CEO of the social and dating app Bumble are Whitney Wolfe Herd. Unlike other dating apps, this one requires women to initiate contact. In 2014, Wolfe Herd created Bumble after leaving Tinder.
Age: 32
Net worth: $1.5 billion (#1,925 Forbes rank)
Source of wealth: dating app
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6. Bobby Murphy
With his fraternity brothers Evan Spiegel and Reggie Brown, co-founder and chief technical officer of Snap Inc., Bobby Murphy developed the concept for the social media app Snapchat. At the same time, the three were students at Stanford University. Murphy made billions through Snapchat but also made significant real estate investments in Southern California.
Age: 33
Net worth: $12.7 billion (#172 Forbes rank)
Source of wealth: Snapchat
7. Vlad Tenev
Vlad Tenev, a co-founder of the commission-free stock trading software Robinhood, was born in Bulgaria and reared in the nation’s capital. His ascent to billionaire status was not controversial, with many questioning whether trading has become riskier because of the way Robinhood has gamified it.
Age: 34
Net worth: $1.0 billion (#2,329 Forbes rank)
Source of wealth: stock trading
8. Lukas Walton
One of the wealthiest families in the US is Lukas Walton’s family. Mega-superstore Walmart was established by his grandfather, Sam Walton. Walton’s father, John Walton, perished in an aircraft crash in 2005, which led to the terrible circumstances in which he amassed his wealth.
Age: 35
Net worth: $16.0 billion (#120 Forbes rank)
Source of wealth: Walmart
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9. Arash Ferdowsi
Arash Ferdowsi, a co-founder of Dropbox, started storing and sharing files online while still a student at MIT. He has nearly 10% of the company’s stock. The son of immigrants, Ferdowsi emphasised in his writing how hard-working and encouraging his parents were in his endeavours.
Age: 36
Net worth: $1.0 billion (#2,340 Forbes rank)
Source of wealth: online file storage
10. Mark Zukerberg
The most well-known and wealthy of the men who co-founded Facebook is Mark Zuckerberg. Zuckerberg, currently ranked #7 on Forbes’ list of the ten wealthiest people in the world, founded the social networking platform that would transform the world and make him a billionaire at 23 when he was just a 19-year-old Harvard sophomore.
Age: 37
Net worth: $102.2 billion (#5 Forbes rank)
Source of wealth: Facebook
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