Even though the youngest billionaires in the world are just 30 years old, that hasn’t stopped them from accumulating three-comma fortunes. People under 30 were recognized and included on the Forbes Rich List of billionaires in the globe in 2022.
Here are the top 5 youngest billionaires along with their respective net worths. From youngest to oldest, this list is presented in chronological order by age.
1. Kevin David Lehmann
- Age: 19
- Net Worth: $3.3 Billion
- Source Of Wealth: Drugstores
- Country: Germany
Kevin Lehmann became the youngest billionaire in history after officially inheriting his father’s 50% stake in the German drugstore firm Drogenmarkt.
The biggest chain of pharmacies in Germany, dm-drogerie market, belonged to him as a 50% ownership interest.
The pharmacy chain reportedly generates more than $12 billion in revenue each year.
The company was founded by Goetz Werner in 1973 when he opened his first location in Karlsruhe, Germany. Today, dm operates over 3,700 outlets.
The richest teenager, who is only 19 years old, maintains a relatively low internet presence.
2. Wang Zelong
- Age: 25
- Net worth: $1.5 billion
- Source of Wealth: Pigment Production
- Country: China
Wang Zelong, who has a net worth of $1.5 billion, is a 25-year-old young millionaire who happens to be the richest and youngest billionaire in Asia.
At CNNC Hua Yuan Titanium Dioxide Co., a publicly traded company in Shenzhen, Wang inherited a stake worth more than $1.3 billion.
The company produces white titanium dioxide pigment, which is used in paints, plastics, inks, and other products.
3. Alexandra Andresen
- Age: 26
- Net worth: $1.3 billion
- Source of wealth: Investment firm
- Country: Norway
The investing firm Ferd was passed down to Alexandra Andresen, 26, who received 42% of it. She received an equal share, as did her sister Katharina Andresen.
Norway-born Alexandra Andresen is an heiress. She became the youngest billionaire in the world in 2016, when she was just 19 years old, and she held the title for three straight years.
By 2022, Andresen’s estimated net worth of $1.31 billion will place her among the youngest billionaires in history.
4. Katharina Andresen
- Age: 25
- Net Worth: $1.4 billion
- Source of Wealth: Investment Firm
- Residence: Norway
The Ferd investment firm, with its headquarters in Baerum, Norway, and annual revenue of about $2 billion, was left to the Andresen sisters as individual inheritors of 42% each. It is still run by their father, Johan.
The third-youngest billionaire in the world (with US$ 1.1 billion) as of 2020 was a Norwegian heiress named Katharina Andresen.
Katharina Andresen is one of the world’s youngest billionaires in 2022 at the age of 27 and with a net worth of $1.4 billion.
5. Austin Russell
- Age: 27
- Net worth: $2.4 billion
- Source of Wealth: Autonomous Car Tech
- Country: United States.
The CEO and creator of Luminar Technologies in the United States are Austin Russell. Most of the time, autonomous vehicles use the lidar and machine perception technologies that Luminar excels.
When Luminar went public in December 2020, the 25-year-old founder became the youngest self-made millionaire in history.
In his first year of studies in physics at Stanford University, Russell, an optical prodigy, developed the idea for Luminar. 2012 saw his graduation from college after receiving a $100,000 Thiel Fellowship from businessman Peter Thiel.