The days are long gone that only a person could dream about becoming a millionaire. Today, the day has come where someone can dream to become a billionaire. From Wall Street and tech markets, there is an increasing amount of people who are finding avenues to become unbelievable wealthy- wealthy unheard of a generation ago. And it is not surprising that people are becoming billionaires at a tender age. If we look back, say, a generation or two ago, someone had to own a corporation for decades in order to achieve that type of capital.
Becoming a billionaire at a younger age is one of the biggest achievements. The entire world might praise you to have reached that benchmark. Such is the story of these young and dedicated entrepreneurs who were listed as the Top 10 richest young billionaires in 2017. Some inherited, some self-made, these young billionaires are the ones spearheading their respective nation’s financial status with their groundbreaking bank balance at a mere age of 30 and below.
Here is the list of 10 richest young billionaires in the world in 2017:
(10) Gustav Magnar Witzoe, 22 (Net worth- $1.76 billion)
Gustav Magnar Witzoe is another younger billionaire in the list who has a net worth of $1.1 billion. Gustav acquired his fortune after his father, also called Gustav Witzoe, gave him 47% of Salmar, the family’s fishing farming company. The young Witzoe, like Andresen sisters, has not yet begun to run the company. Therefore, he went out on his own as a real estate and tech start-up investor.
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(9) Alexandra Andresen, 19 (Net worth- $1.2 billion)
The 19-year-old Andresen is the world’s youngest billionaire, inheriting more than 41% of her father’s company. She is the fresh new face of young business. At 19, the Norwegian debuted on the list of the world’s youngest billionaires. It has been reported that her father, Johan Andresen, transmitted 42% share of their investment enterprise, Ferd, each to her and her sister’s names. The Andresen family has been a household name in Norway for over 80 years, after heading one of the largest tobacco companies there. Though Alexandra does not hold any position in the company, she prefers to spend her time riding horses. She is, in fact, a 3-time, dressage riding champion in her homeland.
(8) Katharina Andresen, 20 (Net worth- $ 1.2 billion)
Sister of Alexandra, the 20-year old, Katharina Andresen also possesses a net worth of $1.2 billion, and, is the world’s second youngest billionaire. The billionaire sisters, Alexandra and Katharina Andresen, each own 42% of their family-owned investment company, Ferd. Katharina has not yet begun to run the company, she is still pursuing her studies. She is currently a freshman at Amsterdam University.
(7) Ludwig Theodor Braun, 26 (Net worth- $1.2 billion)
Ludwig Theodor Braun, the youngest son of Ludwig George Braun, is among the youngest billionaire in the world. Ludwig Theodor holds at least 9.68% of his family’s concern, B.Braun Melsungen, a German-based pharmaceutical company, one of the largest industrialists of healthcare products. The company employs 54,000 people globally and had reported 2014 revenues worth $5.4 billion.
(6) Wang Han, 28 (Net worth- $1.3 billion)
Wang Han, 28, possesses a net worth of $1.3 billion after getting a good amount of shares from his father Wang Junyao, creator of the Juneyao Group, who died in 2004. Besides Juneyao Air, the group owns a department store, Wuxi Commercial Mansion Grand Orient and other businesses include food and education. Wang Han owns at least 27% of the airline company, whose shares climbed after it, went public in 2015, and 14% of the department store.
(5) Eva Maria Braun Luedicke, 29 (Net worth- $ 1.4 billion)
Eva Maria Braun Luedicke is the daughter of Barbara Braun Luedicke, associated with the Supervisory Board of B. Braun Melsungen. Eva owns at least 11% of the company. The company, being the largest manufacturer, is known for its medicinal products and technologies; it deals in surgical devices as well as injections solutions.
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(4) Bobby Murphy, 27 (Net worth- $1.8 billion)
Co-founder of the social media Snapchat, Bobby Murphy has a net worth of $1.8 billion. Murphy with his business partner Spiegel developed this photo-sharing app. The Stanford graduate Murphy was born in California, and owns 11% of the company.
(3) Evan Spiegel, 25 (Net worth- $ 2.1 billion)
One of the richest American peoples and The young CEO of Snapchat, Evan Spiegel, possesses $2.1billion, is among the youngest billionaire. The Stanford graduate developed Snapchat, the temporary photo and video messaging company, with his partner Bobby Murphy in 2011. It has been estimated that Evan and Bobby each have ownership stakes of about 12.99% and 10.98% respectively. Snapchat now has more than 100 million users daily. The Snapchat application is reported valued at $16 billion.
(2) Julio Mario Santo Domingo the third, 30 (Net worth- $2.4 billion)
A professional New York based disc jockey, Julio Mario Santo Domingo III, attained the billionaire status when he received a massive wealth from his late grandpa and inherited the namesake as well, Julio Mario Santo Domingo. The late Julio Domingo left one-third of his fortune to his sons and one-sixth of his company, the well-known Colombian brewery Bavaria to each of his grandchildren, Julio Mario III and his sister Tatiana. When Julio’s father died, he left behind the world’s largest collection of opium pipes for his son. Thus, he is among the richest young billionaire of the world.
(1) Lukas Walton, 29 (Net worth- $10.4 billion)
Lukas Walton inherited most of the fortune while his father, Wal-Mart successor John Walton, who died in an airplane crash in 2005. The 29-year-old Lukas got one-third of his dad’s wealth, which include stakes in Wal-Mart and solar panel manufacturer First Solar. The richest among the youngest billionaires, Lukas spent most of his wealth and time as an efficient investor and philanthropist dedicated to environmental efforts.
All the listed richest young billionaires are either heir and heiresses or self-made billionaires. They hit the billionaire status before turning 30. We praise their escalating figures, which they have earned through dedication and hard work.