The youngest billionaires in the world are not even 30 years old, but that hasn't stopped them from accumulating wealth with three commas. The Forbes Rich List identifies people under the age of 30 and lists them as the world's billionaires for 2023. These include four Stanford dropouts, two delivery tycoons, and a cryptocurrency expert. In this post, you will learn about the youngest billionaires under 30 in the world in 2023. In addition, we will also tell you about the net worth of these young billionaires and the source of their wealth.
With an estimated $2.4 billion, 19-year-old Kevin David Lehmann is the youngest and richest billionaire in the world in 2023. He inherited from his father a 50% stake in the German pharmacy chain dm-drogerie Markt. Others include German Albert von Thurn und Taxis, the 12th prince in the family, who officially inherited his fortune on his 18th birthday, but later in the 2008 financial crisis Norwegian heiress Alexandra Andresen made her debut on stage in 2016 at just 19 years old, still one of the youngest in the world.
20 Youngest Billionaires in the World in 2023
1. Kevin David Lehmann
After officially inheriting his father's 50% ownership of German pharmacy company Drogerie Markt, Lehmann became the youngest billionaire in history. He inherited a 50% stake in DM Drogie Mint, Germany's largest pharmacy chain. The pharmacy chain reportedly generates more than $12 billion in annual revenue.
The company was born when Goetz Werner opened his first store in Karlsruhe, Germany, in 1973.D M now has over 3,700 sites.
2. Wang Zelong
According to Forbes, Wang Zelong is worth $1.5 billion and is one of the youngest billionaires in the world in 2023. The 25-year-old young billionaire is also the richest and youngest billionaire in Asia.
Wang inherited more than US$1.3 billion worth of CNNC Huayuan Titanium Dioxide Co., Ltd., a Shenzhen stock exchange-listed company. The enterprise produces titanium dioxide pigments, a white pigment used in paints, plastics, inks and other products.
3. Alexandra Andresen
Alexandra Andresen, 26, inherited a 42% stake in the family's investment firm Ferd. Her sister, Katharina Andresen, also inherited an equal share.
Alexandra Andresen is an heiress from Norway.In 2016, at the age of 19, she became the world's youngest billionaire and has been on the Forbes list for three consecutive years. Andresen's net worth is expected to be $1.31 billion, and by 2023, she will be one of the youngest billionaires in the world.
4. Katharina Andresen
The Andresen sisters each inherit a 42% stake in Ferd, an investment company headquartered in Bellum, Norway, with annual revenues of about $2 billion. Their father, Johan, still runs the company.
Katharina Andresen is a Norwegian heiress who, as of 2020, is the third youngest billionaire in the world ($1.1 billion) reported by Forbes.
With a net worth of $1.4 billion and a current 27-year-old, Katharina Andresen is one of the youngest billionaires in the world in 2023.
5. Austin Russell
Russell is an optical genius who came up with the concept of Luminar when he was a freshman in physics at Stanford University. He left college in 2012 after receiving a $100,000 Thiel scholarship from entrepreneur Peter Thiel.
6. Henrique Dubugras
Henrique Dubugras is co-CEO of Brex, a fintech startup that aims to revolutionize corporate credit cards.
He met his co-founder Pedro Franceschi through a Twitter argument in 2012, when they were both high school students living in their native Brazil.
The co-founders started payments company Pagar.me for small businesses in Brazil in 2013 and then sold it to a larger competitor in 2015.
Brazilian-born Dubugras grew up in São Paulo and spent less than a year with Franceschi at Stanford before leaving in 2017 to found Brex.
In January 2023, California-based Brex raised money from individual investors who valued Brex at $12.3 billion, making him one of the youngest billionaires.
7. Gustav Magnar Witzoe
Witzoe owns nearly half of SalMar ASA, a Norwegian salmon company founded by his father in 1991. SalMar's impressive market performance nearly tripled Witzoe's fortune the year before. In 2013, his father gave him a stake in the company.
With a net worth of $4.4 billion, 29-year-old Witzoe is one of the youngest billionaires in the world in 2023.
8. Pedro Franceschi
Pedro Francesci is co-CEO of Brex, a fintech startup that aims to revolutionize corporate credit cards
.In 2012, when they were both high school students living in their native Brazil, he first connected with co-founder Henrique Dubugras via Twitter. In 2013, the two started a payments company called Pagar. Me for small businesses in Brazil and sold it to a Brazilian larger in 2015 They sold it to a bigger competitor there.
Born and raised in Rio de Janeiro, Brazil, Franceschi spent less than a year with Dubugras at Stanford University before leaving in 2017 to found Brex.
In January 2023, California-based Brex received funding from private investors who valued the company at $12.3 billion, making him a billionaire.
9. Ryan Breslow
Ryan Breslow dropped out of Stanford in 2014 to start payments startup Bolt. He stepped down as CEO in January 2023 to take over as Executive Chairman.
Breslow raised $1.3 billion for Bolt, of which $355 million arrived in January 2023 and provided the company with an $11 billion valuation.
Bolt's promise of Amazon-style checkout for millions of online stores has attracted investors like BlackRock, General Atlantic and SAP.
At 28, Lane is one of the youngest billionaires in the world with a net worth of $2 billion.
10. Gary Wang
Gary Wang co-founded and serves as a cryptocurrency exchange Chief Technology Officer of FTX. FTX is one of the top exchanges for buying and selling cryptocurrency derivatives. In January 2023, it raised $400 million at a valuation of $32 billion, and its U.S. operations were worth $8 billion.
Wang graduated from the Massachusetts Institute of Technology and after working at Google, he founded FTX in 2019 with fellow millionaire Sam Bank man-Fried, where he built algorithms that aggregate pricing millions of trips.
11. Andy Fang
Andy Fang is a Chinese-American billionaire technology entrepreneur. He co-founded Door Dash in 2013 with Stanley Tang, Tony Xu, and Evan Moore and currently serves as its Chief Technology Officer.
As a result of Door Dash's IPO, Fang's net worth is expected to reach $2 billion by August 2022, making him the youngest billionaire in the world.
12. Stanley Tang
In the list of the 20 youngest billionaires in the world in 2023, Stanley Tang completed the list.He is a Hong Kong billionaire tech entrepreneur. He is best known as the chief product officer and co-founder of DoorDash, which he co-founded in 2013 with Tony Xu, Andy Fang and Evan Moore.
Due to DoorDash's IPO in December 2020, Don's net worth for the month is expected to be $2.2 billion.
With an estimated net worth of $1.2 billion, Tang is 30 years old and one of the youngest and richest billionaires in the world. The world's highest-paid CEO in 2023.
13. Jonathan Kwok
The 29-year-old real estate mogul from Hong Kong has a net worth of $2.4 billion. His father, Kwok Bing-lian, is also a real estate tycoon. Jonathan got the property from him along with his other brothers.
His father was the Chairman of Sun Hung Kai Properties. However, some feud with their brother led to him being kicked out of the company. Luckily, Jonathan's grandmother was a co-founder of the company and announced that he was one of his own beneficiaries.
Currently, Jonathan serves as a director of empire Group Holdings, responsible for property acquisition, project growth, and asset management-related activities.
14. Sam Bankman-Fried
Fried, 29, is a well-known figure in the cryptocurrency trading community in the United States. His huge rise in the field is to be appreciated.As of now, his net worth is $8.7 billion. His trading company is called Alameda Research and FTX.
Fried believed in a magical philosophy called effective altruism, which says that if you make a lot of money, you want to give up a lot. He made $9 million through three and a half years of cryptocurrency trading. He was a self-made man who reached this height through his own efforts. Most of his wealth comes in the form of equity and FTX tokens. He is a major donor to the Super PAC that supports Biden, donating $5 million.
15. Gustav Magnar Witzoe
Successful model, entrepreneur and heir to great wealth is Gustav's summary. He stands sixth in the index of the world's youngest billionaires. His total assets are $4.4 billion from fish farming.
He acquired a huge 47% stake in SalMAR ASA from his father. The billionaire is from Norway. In addition, his career in the pharmaceutical industry has also flourished. Currently, he is 28 years old. His company is the world's leading salmon producer. He has industrialized Norwegian fish farming into a profitable business.
SalMAR has a substantial stake in UK-based Scottish Sea Farms. He was a wise investor, investing in Gopi and Keybutler. In addition, he is an avid traveler, fashion follower and golf enthusiast.
16. Austin Russel
A 25-year-old Stanford dropout, owner and CEO of a self-driving car sensor and software company. The California lad is ranked fifth among the 10 youngest billionaires in the world in 2023. His total assets are $2.4 billion.
He is one of the few people to achieve this position in the self-driving car industry. The young billionaire owns 104.7 million shares of Luminar Technologies. That's about a third of the entire company's stock. According to Wall Street, they are trading higher on the NASDAQ.
He was a curious and self-taught person from an early age. At the age of 13, he had a patented ground water reclamation system. He received a scholarship from billionaire investor Peter Thiel to found Luminar Technologies. These sensors use lidar technology to create a 3D map of a car's route using pulses of light.
17. Katharina Andresen
Catherina is a 25-year-old young lady from Norway with a net worth of $1.4 billion. She inherited her father's wealth. Her source of wealth is a multibillion-dollar investment firm called Ferd.
Her one-year-old brother ranked third on Forbes' 35th annual billionaires list. She and her sister own 42% of the company. Their father, Jonas, runs the company and runs it alone. He has a dual-class share base, which gives him 70% of the vote.
Ferd trades in hedge funds, equities and the Nordic stock market.
18. Alexandra Anderson
The 24-year-old Norwegian girl ranks third on the list of the world's youngest billionaires in 2023. Her net worth is $1.4 billion. The source of this wealth was Ferd, an investment firm she inherited. The annual turnover is about 2 billion US dollars.
In early 2016, she was crowned the first youngest billionaire. She has an older sister who also acquired a 42% stake in this investment company. Based in Oslo, Ferd handles transactions in private equity, real estate and the Nordic Stock Exchange. However, the company is run by their father, Johan, who has 70% of the vote.
19. Wang Zelong
The 24-year-old entrepreneur from China has been ranked as the second youngest billionaire in the world. According to Forbes, his net worth is about $1.5 billion. He is a giant in the production of titanium dioxide pigments.
Wang Zelong inherited the property of CNCC Huayuan Titanium Dioxide Co., Ltd. and took a stake in Lomom Billions Group. The pigment can be used in coatings, plastics, medicine, ceramics, sanitary products links, etc. The company is listed and traded on the Shenzhen Stock Exchange. He is also Asia's youngest billionaire.
20. Kevin David Lehman
18-year-old German Lehman topped the list of the youngest billionaires of 2023. According to Forbes' 35th annual billionaires list, his net worth is $3.3 billion. Kevin took half of his father's own pharmacy chain called Drogerie Markt. He inherited the property on his 14th birthday and remained in custody until September 2020.
His pharmacy chain, called DM (Drogerie Markt), has an annual turnover of $12 billion. The chain dates back to 1973 and currently has 3,700 stores in Germany. The pharmacy chain has 41,000 employees.
His father owned a Pfannkuch grocery chain in Germany. He later invested in the DM chain. Despite this famous badge, Lehman Brothers chose to keep a low profile. He doesn't show off or share much through social media platforms.
