The world’s youngest billionaire is a Norwegian teenager, Alexandra Andresen, who spends most of her time riding horses.
It’s never been so easy to get rich so young. A record 66 members of the 2016 FORBES Billionaires List are under the age of 40, more than triple the number four years ago and a seven-fold increase since 2010.
Alexandra, 19, and her sister Katharina, 20, a college student, both inherited big stakes in their family’s investment company.
They are among 30 billionaires under 40 who were given the silver spoon at a very young age.
More notable is the fact that the majority of these youthful billionaires have created their own fortunes through innovation and imagination with a hefty dose of some good luck.
Of the 36 who made their own way, more than three-quarters got rich in the tech sector, including 25 billionaires whose fortunes come from unicorn startups valued at more than $1 billion.
Many of these companies, like Snapchat, Uber, Pinterest and Airbnb, didn’t even exist 10 years ago.
The youngest of these self-made tech mavens is 25-year-old Snapchat cofounder Evan Spiegel, who first appeared on the Billionaires List last year with a net worth of $1.5 billion.
In May, Snapchat raised $538 million in funding, valuing the ephemeral messaging company at $16 billion and increasing Spiegel’s net worth to $2.1 billion.
Spiegel seems to be settling into his new high profile life, escorting his model girlfriend Miranda Kerr all around town.
His cofounder and Stanford friend, 27-year-old Bobby Murphy is the next youngest self-made billionaire with a net worth of $1.8 billion.
It’s never been so easy to get rich so young. A record 66 members of the 2016 FORBES Billionaires List are under the age of 40, more than triple the number four years ago and a seven-fold increase since 2010.
Alexandra, 19, and her sister Katharina, 20, a college student, both inherited big stakes in their family’s investment company.
They are among 30 billionaires under 40 who were given the silver spoon at a very young age.
More notable is the fact that the majority of these youthful billionaires have created their own fortunes through innovation and imagination with a hefty dose of some good luck.
Of the 36 who made their own way, more than three-quarters got rich in the tech sector, including 25 billionaires whose fortunes come from unicorn startups valued at more than $1 billion.
Many of these companies, like Snapchat, Uber, Pinterest and Airbnb, didn’t even exist 10 years ago.
The youngest of these self-made tech mavens is 25-year-old Snapchat cofounder Evan Spiegel, who first appeared on the Billionaires List last year with a net worth of $1.5 billion.
In May, Snapchat raised $538 million in funding, valuing the ephemeral messaging company at $16 billion and increasing Spiegel’s net worth to $2.1 billion.
Spiegel seems to be settling into his new high profile life, escorting his model girlfriend Miranda Kerr all around town.
His cofounder and Stanford friend, 27-year-old Bobby Murphy is the next youngest self-made billionaire with a net worth of $1.8 billion.
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