The World's Youngest Billionaires
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There are 15 people in the world under the age of 30 who have billion-dollar fortunes. Are you wondering who these young billionaires are, how they got rich and what they do? Here is the list of the world's youngest billionaires announced by Forbes magazine.
**Gary Wang (28)**
Gary Wang is one of the youngest billionaires in the world. Wang, 28, is the co-founder of FTX, a Bahamas-based cryptocurrency exchange. FTX is one of the largest players in the cryptocurrency market and reached a valuation of $ 18.5 billion in 2022. Wang owns 32 percent of the company and his fortune is estimated at $5.9 billion.
**Kevin David Lehmann (19)**
Kevin David Lehmann is the youngest billionaire in the world. 19-year-old Lehmann inherited 50 percent of the shares of dm-drogerie markt, Germany's largest pharmacy chain, from his father. The company achieved revenue of $12.5 billion in 2022. Lehmann's fortune is 2.4 billion dollars.
**Gustav Magnar Witzoe (29)**
Gustav Magnar Witzoe is Norway's richest person and the world's third youngest billionaire. Witzoe, 29, owns 47 percent of SalMar ASA, the salmon farming company founded by his father. SalMar ASA is one of the world's largest salmon producers and has revenues of $1.6 billion in 2022. Witzoe's fortune is 4.5 billion dollars.
**Alexandra Andresen (25) and Katharina Andresen (26)**
Sisters Alexandra Andresen and Katharina Andresen are heirs of Norway's richest family. Their father, Johan H. Andresen, runs the family-owned investment firm Ferd. Ferd invests in companies operating in various sectors and generated revenues of $1.8 billion in 2022. The brothers each own 42 percent of the company and are worth $1.3 billion.
**Ryan Breslow (27) and Henrique Dubugras (26)**
Ryan Breslow and Henrique Dubugras are the rising stars of the e-commerce industry. The duo founded a company called Bolt, which offers one-click payment technology. Bolt partners with thousands of stores to simplify the online shopping experience and has reached an $8 billion valuation in 2022. Breslow and Dubugras each have a fortune of $1.5 billion.
**Austin Russell (27)**
Austin Russel is an entrepreneur working in the field of autonomous car technology. Russel is the founder and CEO of Luminar Technologies, which produces laser-based detection systems called LIDAR. Luminar Technologies collaborates with automotive giants such as Volvo, Toyota and Daimler and has reached a $10 billion valuation in 2022. Russel's fortune is 1.6 billion dollars.
**Andy Fang (29) and Stanley Tang (29)**
Andy Fang and Stanley Tang are co-founders of food delivery service DoorDash. DoorDash is the largest food delivery platform in the US and generated $9.9 billion in revenue in 2022. Fang and Tang each have a fortune of $1.1 billion.
**Wang Zelong (25)**
Wang Zelong is China's youngest billionaire. Wang is a board member of his family-owned pigment manufacturing company, CNNC Hua Yuan Titanium Dioxide. The company produces titanium dioxide pigment used in products such as paint, plastic and paper, and had revenues of $2.6 billion in 2022. Wang's fortune is 1.5 billion dollars.
**Pedro Franceschi (25)**
Pedro Franceschi is Brazil's youngest billionaire. Franceschi is the co-founder of Brazil-based fintech company Brex. Brex offers credit card and banking services to small businesses and reached a valuation of $12.3 billion in 2022. Franceschi's fortune is 1.5 billion dollars.
**I'm Francis (30)**
I'm Francis, Britain's youngest billionaire. Francis founded the sportswear brand Gymshark and it became a huge success. Gymshark achieved revenue of $500 million in 2022. Francis owns 70 percent of the company and his fortune is $1.2 billion.
**Palmer Luckey (30)**
Palmer Luckey is an inventor working in the field of virtual reality. Luckey developed the virtual reality headset Oculus Rift and sold it to Facebook for $2 billion in 2014. He then founded defense technology startup Anduril. Anduril produces drones and surveillance systems and reached a valuation of $8.5 billion in 2022. Luckey's fortune is 1.7 billion dollars.
What do these young billionaires have in common? They are all people with entrepreneurial spirit, producing innovative ideas and using technology. In addition, they are all very hardworking, determined and visionary. You too can realize your dreams by taking inspiration from these young billionaires.