In the year 2016, 66 of the top billionaires in the world according to Forbes, fall under the age of 40. This impressive figure is a stunning leap over the scenario in 2011, where only 8 people under 40 years of age, were billionaires. Seven of the sixty-six billionaires are under the age of 30.
Her is the list of billionaires under 40, according to Forbes –
Gustav Magnar Witzoe – The 22-year-old with a net worth of $1.1 billion is heir to 47% equity in Salmar, one of the world’s biggest shipping companies in the world, based in Norway. The shares were gifted to him by his father in 2013. However, the young Witzoe does not have controlling power in the company.
Katharina Andresen and Alexandra Andresen – Alexandra (19) and Katharina (20), sisters and college students based in Norway are the youngest billionaires in the world, with a net worth of $1.2 billion. Both siblings inherited 84 percent share in the family-owned investment company called Ferd. The company is also one of the biggest privately held companies in Norway. The father retains 77 percent voting control.
Ludwig Theodor Braun – The 26-year-old heir and a 10 percent stake-holder of B. Braun Melsungen, a Germany-based pharmaceuticals company, is the 5th richest youngster in the world. He has a net worth of $1.26 billion.
Wang Hang – 28-year-old Wang Han of China is the seventh youngest billionaire with a net worth of $1.3 billion. He is the heiress to Shanghai’s Juneyao Airlines. He owns 27 percent ownership stake in the company.
Evan Sharp – The 34-year-old co-founder and chief creative officer of Pinterest has a net worth of $1.05 billion.
Ben Silbermann – The founder and CEO of Pinterest (age 33) has a net worth of $1.57 billion.
Bobby Murphy – The 27-year-old co-founder of Snapchat has a net worth of $1.8 billion.
Evan Spiegel – The CEO and co-founder of Snapchat, Evan Spiegel has a net worth of $2.1 billion.
Brian Chesky – The co-founder and CEO of AirBnB, the lodging and homestay company; has a net worth of $3.3 billion.
Elizabeth Theranos – The self-made billionaire, Elizabeth Holes (32) found Theranos, the revolutionary blood-testing company when she was just 19. Her net worth is $3.6 billion.
Garett Camp – The Canadian-born 37-year-old co-founder of Uber and founder of ‘StumbleUpon’ has a net worth of $6.2 billion.
Travis Kalanick – The 39-year-old co-founder of Uber (the transportation and cab-hire company) and ‘Swoosh’, a peer-to-peer file sharing service, Travis Kalanick has a net worth of $6.6 billion.
Lukas Walton – The grandson of Wal-Mart is the second richest person in the world, under age 40 with a net worth of $10.4 billion.
Mark Zuckerberg – In the year 2008, Zuckerberg was the youngest billionaire in the world, at age 23 with a net worth of $1.5 billion. In 2016, he is not the youngest but he is definitely the richest person in the world, under 40. With a staggering net worth of $44.6 billion, the founder and chairman of Facebook is also the sixth richest person in the world.
Some observations about billionaires under the age of 40 –
- The combined net worth of all the billionaires under age 40 come to $197.2 billion.
- 50 percent of billionaires under age 40 are self-made while others are heirs.
- 3 of the youngest billionaires in the world are Norwegians.