Top 16 Youngest Billionaires in the World (Update: June 2023)

Do you know who is the Youngest Billionaires in the World?

The rise of digital technology has acted as a catalyst in making billionaires in the past decades and most of them are considerably young.

And they have emerged from various fields. The latest Forbes 400 has let us take a look at the wealthiest persons around the world.

In this article we will give details about the 16 richest persons among the Youngest Billionaires in the World, so keep scrolling down without skipping any of them.

The List of the Youngest Billionaires in the World

We will make this list with the help of Forbes and Business Insider.

Anyone can become a billionaire, the only thing needed is hard work. We have heard this all the time in our life.

However, to actually become a billionaire is not just as easy as it can be uttered in a moment.

For turning oneself into a billionaire, many things are required, such as a proper business plan and strategy, mindset, confidence, capital, investors, acute execution, and moreover, the ability to take the right decision at the right time.

All these things together can help someone to become successful and then ride up the ladder towards becoming a billionaire.

The below discussed 16 people are among the Youngest Billionaires in the World as listed by Forbes. These people are truly inspirational for anyone who is not even from a business background.

So stick to this article and read along the amazing journey of these amazing personalities –

16. Gustav Magnar Witzoe ($4.3 billion)

Gustav Magnar Witzoe is a Norwegian billionaire and heir to the SalMar fishing empire. Witzoe became a billionaire at just 24 years old in 2018 when the stock in SalMar surged, making him the youngest billionaire in Norway. Witzoe is a passionate environmentalist, and he has used his wealth to support his causes.

He has donated to the Red Cross, Greenpeace, the Hafrsfjord Alliance, and a number of other charitable organizations. He has also pledged to give away 50% of his wealth.

He currently serves as the Chairman of Alvheim Marine Farm, a fish farming firm, and is a board member of Aker ASA, a conglomerate dedicated to developing businesses within the energy, healthcare, and maritime sectors.

Witzoe is a strong believer in sustainable practices and in creating a better world through self-sustainable sources of energy. At 27 years old, he is living proof that wealth can change lives and that benefactors are able to use their money to make a real difference in the world.

15. Ben Silbermann ($1.6 billion)

This American billionaire is originally from Iowa. He belongs to the Tech industry. Currently, at an age of 39 years, he is considered one of the Youngest Billionaires in the World (he became a billionaire when he was 34 years old).

Being social media, the source of his wealth, he has got 1.6 billion dollars in market value. The image-sharing social media app, Pinterest was first introduced as a desktop version by Ben Silbermann back in 2010.

Since then the company has witnessed a sharp rise in revenue growth by approximately 50 percent.

And up to the year 2020, the revenue grew to 1.7 billion dollars as the platform has offered a customized feature to its users, such as image organizing, trends, recipes, infographics, clothing, etc.

Apart from being the co-founder of Pinterest, Ben Silbermann also serves as the CEO of the company, and his bold decision to make Pinterest public in 2019 has helped the company greatly in earning huge profits.

14. Lynsi Snyder ($4.2 billion)

America warmly welcomed the lady billionaire, Lynsi Snyder who came out as the only woman billionaire under 40 (in the list of Forbes 400) as one of the Youngest Billionaires in the World.

Her net worth is 4.2 billion dollars and she belongs to the food service industry. Lynsi Snyder acts as the president of the popular burger chain In-N-Out.

The company was not actually founded by her in the first, but rather by her grandparents back in the year 1948. And then after her father and uncle both died in the year 1990 at a considerably early age, she inherited the chain business and helped the business to rise into prosperity.

Lynsi Snyder took over as the president of In-N-Out only at the age of 27 in 2010 and since then worked hard for the business’s growth.

Now, it has its outlets in over 100 places and even 2 restaurants in Colorado and the number of outlets is still in counting order.

13. Drew Houston ($2.2 billion)

Age is just a number for starting anything and Drew Houston who is currently at the age of 32, has proved it long ago, in his high school days. Since his high school days, Drew started working on many projects and after 5 unpopular projects, finally, the sixth project brought him the fame and recognization that he was looking for.

The revolutionary step has bought us Dropbox, which millions of people use now as a safe cloud storage space for images and videos.

Along with his partner Arash Ferdowsi, Drew co-founded Dropbox in 2007 and now his net worth stands at 1.22 billion dollars making him one of the Youngest Billionaires in the World.

12. Scott Duncan ($6.2 billion)

Although the immense wealth of the Enterprise Products Partners (owners of 51000 miles of natural gas, petrochemical, and oil pipelines) was not originally earned by the 38 years old Drew Duncan, nonetheless with a net worth of 6.2 billion dollars he is undoubtedly one of the Youngest Billionaires in the World.

Scott Duncan inherited the stake along with his other three older siblings after the death of his father, Dan Duncan (the founder of the oil and gas company) in 2010.

Even after inheriting such a vast wealth, this youngest of the Duncan siblings does not bother about the company, rather handed over the leadership to Randa, his sister, keeping only the stock ownership.

11. Nathan Blecharczyk ($6.56 billion)

The Airbnb co-founder, Nathan Blecharczyk, with a net worth of 10 billion dollars is among the Youngest Billionaires in the World.

Airbnb is an app-based company that is in the hospitality industry and was founded by Brian Chesky, Joe Gebbia, and Nathan Blecharczyk in 2008.

The vacation renting company, Airbnb has been wildly successful since its publicization in December 2020, keeping the market on its tiptoes with a surge in trading worth 100 billion dollars valuation just on its first day.

Last year in August, the company also declared to help shelter hundreds of Afghan refugees as an act of humanitarian providing free housing (temporary).

10. Brian Armstrong ($2.4 billion)

One of the leading public figures in the field of Cryptocurrency, Brian Armstrong serves as the Global CEO of the US-based Cryptocurrency giant firm Coinbase.

He belongs to the Tech and Finance industry. In the company Brian Armstrong himself has a stake of 19 percent, leading him towards becoming one of the Youngest Billionaires in the World with a net value of 11.5 billion dollars.

In his 38 years of life, he worked hard for reaching to this position and the Cryptocurrency exchange market has provided him with the space.

Following his leadership, Coinbase went on to become public in the last year and saw revenue growth of nearly 100 billion dollars.

9. Dustin Moskovitz ($10.9 billion)

The social media giant platform, Facebook is a gift to people, and it was made possible because of people like Dustin Moskovitz who co-founded Facebook along with his other cofounders.

However, this 37-year-old young billionaire also co-founded another company named Asana with partner Justin Rosenstein in the year 2008 (even though Dustin still owns 2 percent of the giant Facebook social media platform).

The company, Asana (which produces and sells workplace organization software)was made public in 2020 and since then its revenue has surged immensely.

Owning a third of the entire shares of Asana, Dustin Moskovitz has a net worth of 24.1 billion dollars.

8. Mark Zuckerberg ($31.1 billion)

The Tech industry would not have been complete without the presence of this person, Mark Zuckerberg, the CEO of the social media giant platform, Facebook.

His overall net worth is nearly 134.5 billion dollars and this made him one of the richest persons among the Youngest Billionaires in the World.

This currently 37-year-old billionaire started the development of his fortune-making app, Facebook at a rather early age.

And once succeeded and got popular Mark Zuckerberg did not stop there, he continued expanding the app and dealing with other giant companies, leading Facebook to acquire such a stage where its stock gained so much that its revenue growth crossed the mark of 100 billion dollars.

7. Bobby Murphy ($15.2 billion)

Although Bobby Murphy does not currently hold the position of any CEO or Co-founder in the social media platform, Snapchat, he surely has risen to the position of being called a billionaire with a net worth of 15.2 billion dollars and thereby one of the Youngest Billionaires in the World.

Once the cofounder and stakeholder of Snap (social media platform), the 33 years old billionaire now serves as the chief technology officer at Snapchat.

In 2017 the company went on making it public and this year it has earned a profit of a record revenue of 982 million dollars.

6. Ernest Garcia III ($15.9 billion)

Having a net value of 9.3 billion dollars, Ernest Gracia III is among the Youngest Billionaires in the World. He introduced the world to Carvana, an online service platform that helps customers meet with used cars and therefore buy them.

In other words, Ernest founded the company Carvana which sells used cars and offers the facility to customers to pick up the cars from vending machines.

Both Ernest and his father (Ernest Gracia II) are billionaires and all thanks to this company.

During the pandemic situation, the company witnessed a sharp rise in the demand for used cars and thus the profits of the company too surged greatly.

5. Baiju Bhatt ($2.4 billion)

The source of wealth of Baiju Bhatt, one of the Youngest Billionaires in the World, is the stock trading app, Robinhood that he co-founded in 2013.

Robinhood is also the mother company supporting the stock trading app, Robinhood (both having the same name). Baiju Bhatt served as the co-CEO of Robinhood until the end of November 2020 and then he stepped down from the position.

Baiju Bhatt is 36 years old and has a net worth of 2.9 billion dollars. He has got a stake of 8 percent in the company, Robinhood which was made public settling a valuation of 32 billion dollars.

4. RJ Scaringe ($1.7 billion)

RJ Scaringe is both the founder and CEO of the electric vehicle company, Rivian Automotive. Although till now his company has not delivered a single car in the automotive market, his net worth has not been hit by it, rather it surged from its former rank settling now at 3.4 billion dollars.

At the age of 38, Scaringe debuted in the automobile sector and immediately became a rival company against the giant Tesla company.

Scaringe has founded a company intending to make cars that are unique in luxury having them run on battery power with strong durability.

The top 3 Youngest Billionaires are below

3. Lukas Walton ($18 billion)

The world-renowned retailer business giant, Walmart has helped Lukas Walton to turn himself into one of the Youngest Billionaires in the World.

Founded by his grandfather, Sam Walton, the retailing company, Walmart has been a popular one since its inception.

And after the tragic death of John Walton (the father of Lukas Walton) in 2005 in a plane crash, Lukas inherited a portion (one-third) of his father’s property.

Walmart now has expanded all over the country and also crossed borders internationally having 10,585 stores worldwide. Presently Lukas Walton has a net worth of 17.2 billion dollars and is engaged in charity works.

2. Sam Bankman ($11.3 billion)

The sector of Cryptocurrency has helped many ordinary people to reach the stage of calling a billionaire, Sam Bankman-Fried is such a name.

At just 29, he has grabbed the position of becoming one of the Youngest Billionaires in the World.

He has created and now running as well a cryptocurrency exchanging company, named FTX which is a major rival of another crypto giant Coinbase.

Sam Bankman is also involved in promoting his company, FTX through various mediums, one such incident is that, during the ‘League Baseball’ games, the umpires’ uniforms had a tag of FTX upon them.

Through his cryptocurrency company, Sam Bankman-fried has secured a net worth of 22.5 billion dollars.

1. Evan Thomas Spiegel ($5.05 billion)

The Youngest Billionaires in the World is none other than the CEO of the social media platform Snapchat, Evan T. Spiegel.

At the age of only 25 years, Spiegel became a billionaire. He co-founded the messaging app Snapchat in 2011 with his partner Bobby Murphy.

In the market, currently, 31 years old Evan has got a valuation of a net worth of 13.8 billion dollars and he is also a stakeholder in the Snapchat company.

Conclusion of Youngest Billionaires in the World

Although this list only contains the 16 Youngest Billionaires in the World, however, there are plenty of other personalities who too have some amazing motivating stories and work for reforming the social order by taking challenging bold steps.

Their stories work as booster doze when we fall into despair facing failure. As it is said, it is never too late for starting over, and these 16 personalities are living proof of that.

Topic Summary

Here Are A Quick List Of The Top 16 Youngest Billionaires in the World

1. Evan Thomas Spiegel
2. Sam Bankman
3. Lukas Walton
4. RJ Scaringe
5. Baiju Bhatt
6. Ernest Garcia III
7. Bobby Murphy
8. Mark Zuckerberg
9. Dustin Moskovitz
10. Brian Armstrong
11. Nathan Blecharczyk
12. Scott Duncan
13. Drew Houston
14. Lynsi Snyder
15. Ben Silbermann
16. Gustav Magnar Witzoe

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