Despite the pandemic, Forbes recorded 493 new billionaires added to the world’s wealthiest list this year. According to Forbes, a new billionaire was minted every 17 hours on average over the past year. Altogether, the world’s wealthiest are $5 trillion richer than a year ago. The list also included billionaires under 30, the youngest being an 18-year-old teenager from Germany.
We will look at the 10 youngest billionaires on Forbes under 30 list 2021.
Alexandra and katharina Andresen ($1.3 billion)
The Andresen sisters, aged 24 and 25 each inherited 42% of Ferd, a Bærum, Norway-based investment company that reels in about $2 billion in annual revenue. Their father, Johan, still runs the business and controls 70% of the votes via a dual-class share structure. The Oslo-based investment company Ferd, has private equity holdings, a real estate portfolio, and participates in the Nordic stock exchange. The sisters are worth $1.3 billion each.
READ: Top 5 women who became billionaires after divorcing their husbands
Wang Zelong ($1.5 billion)
Wang Zelong, aged 24, inherited a stake worth more than $1.3 billion in CNNC Hua Yuan Titanium Dioxide Co., a chemical company that trades on the Shenzhen stock exchange. The company produces titanium dioxide pigment, a white pigment that can be used in coatings, plastics, ink, and other materials. He also has stakes in Lomon Billions Group. He is worth $1.5 billion.
Stanley Tang & Andy Fang ($2.2 billion)
DoorDash co-founders Andy Fang and Stanley Tang, aged 28 each own 4.2% of the company with a net worth of $2.2 billion. DoorDash is a technology company that offers on-demand delivery services for grocery and meals through partnerships with restaurants and grocery stores on its app. Door Dash’s last funding round before going public raised $400 million at a $16 billion valuation. The company went public on the New York Stock Exchange at a $72 billion valuation.
READ: Yang Huiyan: The richest woman in China who made $2 billion in 4 days
Jonathan Kwok ($2.4 billion)
Jonathan, aged 29 is the younger son of late property tycoon, Walter Kwok. He is a Director at Empire Group Holdings, overseeing the group’s real estate investments, project developments, and asset management operations. The property development company was founded by Walter Kwok after he was ousted as chairman of Hong Kong’s largest developer, Sun Hung Kai Properties (SHKP).
READ: French luxury king, Bernard Arnault ties with Elon Musk, now second richest man in the  world
Jonathan and his brother inherited from their late father, Walter Kwok, a portion of his stake in Hong Kong property developer Sun Hung Kai Properties. The brothers are also named beneficiaries of one-third of five family trusts held by their grandmother Kwong Siu-Hing, the widow of SHKP co-founder Kwok Tak-Seng. Jonathan has a net worth of $2.4 billion.
Austin Russell ($2.5 billion)
Austin Russel, aged 26 founded Luminar Technologies, a company that makes LIDAR sensors for self-driving cars when he was 17. He dropped out of college in 2012 after receiving a $100,000 Thiel Fellowship, a program funded by billionaire Peter Thiel to nurture entrepreneurs. Following Luminar’s listing on Nasdaq, Russell became a self-made billionaire with a net worth of $2.5 billion.
Kevin David Lehmann ($3.3 billion)
Kevin Lehmann, aged 18 is the youngest billionaire in the world. He inherited his father’s 50% stake in Germany’s leading drugstore chain, dm (drogerie markt), which brings in over $12 billion in annual revenue on his 18th birthday. Today, dm has some 3,700 locations. Kevin’s net worth is $3.3billion.
Gustav Magnar Witzoe ($4.5 billion)
Gustav Witzoe, aged 27 owns nearly half of SalMar ASA, one of the world’s largest salmon producers. His stake was gifted to him in 2013 by his father, Gustav Witzoe, who founded the company in 1991. Witzoe’s fortune nearly doubled in the past year thanks to SalMar’s strong market performance. Witzøe is also a technology startup and property investor. He previously worked for MGM Property and has invested in both Gopi and Keybutler. He is worth $4.5 billion according to Forbes.
READ: Mukesh Ambani, the richest man in Asia buys iconic $79m UK golf club with 900 years history
Sam Bankman-Fried ($8.7 billion)
Sam Bankman-Fried, aged 29 is the founder of Alameda Research and crypto exchange FTX. He is an MIT grad and former Wall Street ETF trader. He manages $2.5 billion of assets through Alameda Research, the quantitative crypto trading firm he founded in 2017. The vast majority of his wealth is in FTX’s equity and tokens (FTT). He has a net worth of $8.7 billion.
You guys really aired Kylie Jenner on this ??..
Quite encouraging, thank you
I just want the exposure they have then I will do better
Exactly. The white would develop her own young minds.While the black witch-hunt and kill her own young minds. Corrupt and hell bent so called leaders. Which and what talent have they built or established? All we see is nepotism, embezzlements, rampage, hunger, inflation,unemployment,youth restiveness, endsars,endswat,insecurity,kidnappings,terrorism,Social media that still. Keep youth Alive,banned.Nigeria herself is banned.Kilodee, se ogun laiye ni
Bro not about corruption see the reaon
So I decided to do a quick background check as to why Africa is not developing at a faster rate than China and India who where also British colonies.
Most times people ask why Africa is still at the bottom of wealth and resources chain as when compared to the likes of its Asian and Indian counterparts who both experienced oppression from the colonial masters.
During my background check discovered that the major source of these growth in China most particularly was as a result of the diaspora as at that time that was scattered all across the continent of the world.
According to a research Carried out with a full screenshot below is was discovered that the Chinese diaspora where resilient and stubborn to invest in their country even when it was not pleasurable, mind you at a point in time China had it worse than Africa, they even had natural disaster to combat coupled with their economic problems.
Bringing this to the African context, one of the major reason why development is slow in Africa is because the African diaspora has been complicated.
Majority of them grew up to battle racism which reduced them to almost nothing.
Others are not even patriotic about their country, they just one opportunity to escape Africa and they never return and those who are even here right now on the continent praying and fasting to get an American passport and leave as quickly as possible never to look back again, only to realise that they have been bounded by the chains over there.
All of these factors are one of the reasons why Africa is still struggling to meet up with the rest of the world.
The little development you see here in Africa are mostly coming from the freeborn who where born in Africa without systematic restrictions, though they may not have the resources needed to boost themselves but they are better Innovative than their fellow counterparts in the diaspora.
Racism does a lot of things to the mind, up to the point of killing creativity.
Here is what Is my take, it has now become the responsibility of the freeborn who are bred and born in Africa to take Africa to the next level and one of the ways to achieve this is to project the future.
When going overseas to study purpose make sure you study courses for the future, such as .
1. Aerospace.
2. Software engineering.
3. Bioengineering.
4. Spacecraft engineering.
5. Surgery.
6. Pharmacy.
7. Propulsion engineering.
8. Advanced civil engineering.
9. Robotics.
10. Propulsion system.
11. Weapons manufacturing.
Make sure you study courses of the futures.
These will help position Africa for faster development and greatness.
????
Nice write up. So what about the corruption part? The leaders who are supposed to make things work out would steal and invest in another country, and they will go unpunished.
Exactly. The white would develop her own young minds.While the black witch-hunt and kill her own young minds. Corrupt and hell bent so called leaders. Which and what talent have they built or established? All we see is nepotism, embezzlements, rampage, hunger, inflation,unemployment,youth restiveness, endsars,endswat,insecurity,kidnappings,terrorism,Social media that still. Keep youth Alive,banned.Nigeria herself is banned.Kilodee, se ogun laiye ni
We are blacks,and we are always going to be blacks,d whites will always have d upper hand,why becos dey have good government and are ready to explore new things
Why here in Nigeria our governments are only think of themself and of d betterment of their own lives, like traveling out,sending their children abroad for schooling,medications,holidays and so on, may God help Nigerian with good leaders and with good government.
If you could write good English, maybe you could express yourself better. Don’t submit write-ups that make you sound illiterate.
That was a bit harsh I ? think.
Show some respect.
If you had sense…you would have been smart enough to know that the above was typobraphical error…Mr literate.
Soooooooo With all this animosity, do you feel better about yourself? Do you feel like the bigger person?
Be considerate next time.
Very impressive, in this world I belong to, marriage is an achievement, my government rather kill the youth than make way for your greatness! We thrive on our own but they collectively destroy us!
I need help from you guys 10, 000 naira to start up a small business
Emmanuel which kind of business, I can help u
Offers lately are so bad $3.75-$5.00 for 9+ miles. Gas just went up .85 cents in a week and no gas bonus in a few weeks now.