How these Young Entrepreneurs Became Billionaires
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Billionaires - March 15, 2022

How these Young Entrepreneurs Became Billionaires

Looking at young entrepreneurs who are billionaires is awe-inspiring. Most of these entrepreneurs became billionaires from having an idea and working hard until it became a success. 

Most of them may have had economic and educational advantages; one cannot undermine ingenious ideas and the courage to pursue their dreams and commit to it.

To broaden your mindset and inspire you to think bigger, here is an insight into how these young entrepreneurs became billionaires.

1. Bobby Murphy

Bobby Murphy, 33, is a Filipino American Entrepreneur. In 2015, he was listed on Forbes as the second-youngest billionaire. Although other young billionaires have emerged, his net worth has also increased over the years. 

Bobby is the co-founder of the famous social media company Snapchat and the company’s chief technology officer.

Bobby created Snapchat with Reggie Brown and Evan Spiegel while still a student at Stanford University. He is regarded as a quiet technical genius. His net worth is $6.7 billion (2022).

2. Gustav Magnar Witzoe

Gustav Magnar Witzoe is one of the youngest billionaires in the world. He’s the largest shareholder of Norwegian fish farm, SalMar Asa, one of the world’s largest salmon producers.

Gustav, who is now 29, was 19 when his father gifted him his stake in SalMar Asa. Due to the company’s strong performance, Gustav’s fortune has doubled over the years. 

According to Forbes, his net worth as of 2022 is $4.6 billion. He’s also an investor; he invests in tech startups in Norway.

3. Sam Bankman Fried

Sam Bankman Fried, 30, is known by his initials SB. He is the CEO of FTX which is a crypto exchange company. 

He is one of the youngest self-made billionaires thanks to the cryptocurrency firm he founded in October 2017 and also managing assets through Alameda Research.

Sam’s net worth as of 2022 is $22.5 billion. 

4. Kylie Jenner

In 2019, Kylie Jenner was featured on Forbes as the youngest self-made billionaire. She is a socialite, model, American media personality, and businesswoman. 

She launched her cosmetics line in 2015, known as the infamous Kylie Lip Kit, which plays a great part in her success story. Forbes estimated Kylie’s cosmetics to be worth $900 million.

At 21, she was listed as the youngest self-made billionaire, and now 24, she is worth $1.2 billion.

ALSO READ: Meet the Children of the Richest African Billionaires

5. Jonathan Kwok 

Jonathan Kwok is another young billionaire entrepreneur who inherited his wealth. He and his brother, Geoffrey, took over their father’s company, Empire Group Holdings after he passed in 2018.

Jonathan, 30, is the younger son of the late Walter Kwok, former chairman of Sun Hung Kai Properties, Hong Kong’s largest real estate developer. His net worth is $2.4 billion as of 2022.

6. Whitney Wolfe Herd

According to Forbes, Whitney Wolfe Herd was the youngest self-made billionaire in 2021. She is an American billionaire known as the youngest CEO to take a company public. 

Whitney, 32, is the co-founder and CEO of the online dating platform, Bumble, of which she owns 21%. 

She is the former vice president for Tinder. She also heads the dating social network known as Badoo. Whitney’s net worth is $1.5 billion (2022).

7. John Collison

John Collison is an Irish billionaire entrepreneur who began his journey by Co-founding Stripe. In 2016, he became the youngest self-made billionaire.

John, 31, made his money by taking up coding, alongside his brother, Patrick. Both became millionaires in 2008 after selling their company, Automatic to Live Current Media. John’s net worth is $9.5 million (2022).

8. Patrick Collison

Patrick Collison, 33, is brother to John Collison. He is the co-founder and CEO of Stripe, which was started in 2010.

At 16, Patrick won the 41st Young Scientist And Technology Exhibition. Patrick’s net worth is $9.5 as of 2022.

9. Evan Thomas Spiegel

Evan Spiegel co-founded Snapchat with Bobby Murphy and Reggie Brown. In 2015, the 31-year-old was on Forbes list as a self-made billionaire at 25 and the youngest billionaire entrepreneur. 

Evan’s net worth is $6.1 billion as of March 15, 2022.

10. Austin Russell

According to Forbes 2021 billionaires’ list, Austin Russell is the youngest self-made billionaire. This American entrepreneur is the founder and CEO of Luminar Technologies. 

Austin, 27, dropped out of Stanford University to start Luminar, which builds sensors for autonomous vehicles. 

The Luminar’s sensor is used in companies like Toyota and Volvo to create self-driving lessons. His current net worth is $1.5 billion.

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