Who Are The World's Youngest Billionaires Under 30 - The Little-Known Facts

Rosemary April 11, 2023 | 07:11

More and more young people are in the list of the youngest billionaires in the world today. The yougest one is 18 years old who owns a great amount of assets.

Facts About Youngest Billionaires In The World. Photo: KnowInsiders.com

Contents
Who is the youngest billionaire in the world? Did her mother receive an inheritance? What do we know about Jung-ju and his company? Who was the previous youngest billionaire? Alexandr Wang is the youngest self-made billionaire in the world Wang’s childhood China's youngest billionaire keeps a private life Where does he come from? Gary Wang is the richest billionaire in the world under the age of 30 12 billionaires under 30 years old in the 2022 World’s Billionaires list 12.Andy Fang 11.Stanley Tang 10.Gustav Magnar Witzoe 9.Gary Wang 8.Ryan Breslow 7.Austin Russell 6.Katharina Andresen 5.Henrique Dubugras 4.Wang Zelong 3.Pedro Franceschi 2.Alexandra Andresen 1.Kevin David Lehmann

Contents

Who is the youngest billionaire in the world?

Did her mother receive an inheritance?

What do we know about Jung-ju and his company?

Who was the previous youngest billionaire?

Alexandr Wang is the youngest self-made billionaire in the world

Wang’s childhood

China's youngest billionaire keeps a private life

Where does he come from?

Gary Wang is the richest billionaire in the world under the age of 30

12 billionaires under 30 years old in the 2022 World’s Billionaires list

12.Andy Fang

11.Stanley Tang

10.Gustav Magnar Witzoe

1.Kevin David Lehmann

Even though the world's youngest billionaires haven't even been around for 30 years, that hasn't stopped them from accumulating three-comma fortunes. The most recent Forbes list of the world's billionaires had twelve individuals under the age of 30, including four Stanford dropouts, two food delivery tycoons, and a bitcoin expert. This exclusive club, which together is worth $25.8 billion, accounts for less than 0.5 percent of the 2,668 billionaires Forbes identified this year.

Let’s take a look at some facts about the youngest billionaires in the world today.

Who is the youngest billionaire in the world?

Photo NDH

Kim Jung-youn, who is 18 years old, is that woman. She is the offspring of the late billionaire Kim Jung-ju of South Korea, who founded the major online gaming company Nexon.

Kim Jung-youn just passed the record for being the youngest billionaire in the world by inheriting a share from her father. In February of this year, Kim Jung-ju passed away at the age of 54.

Each of Jung-youn and his sister Jung-min received a 30.78% share of NXC, the business their late father owned. With roughly 48% of Nexon's shares, NXC is the company with the highest stake. The two sisters' combined NXC and Nexon holdings are therefore worth $2.5 billion each. Forbes estimates that each inheritor will receive more than $1.5 billion after inheritance tax (Korea has the highest inheritance tax in the world).

Did her mother receive an inheritance?

Yoo Jung-hyun, 53, the mother of Kim, was a billionaire before to the passing of her husband. After his passing, she received a stake worth 4.57 percent. She assisted her husband in founding Nexon in 1994, and she continues to be NXC's top stakeholder with a 34% interest. Yoo, who has a $3 billion net worth, was included in this year's list of the 50 Richest People in Korea.

What do we know about Jung-ju and his company?

Photo Handout

Jung-ju shunned the media, hence nothing is known about him. Tokyo is the corporate headquarters of his business, Nexon. Jeju, a South Korean vacation island, is where NXC was established. In order to concentrate on other ventures and charitable endeavors, Jung-ju withdrew from the day-to-day operation of his business in 2006. Because to his kindness for children's hospitals, he was included in Forbes Asia's list of the 15 Heroes of Philanthropy last year.

Who was the previous youngest billionaire?

Kevin David Lehmann of Germany, the previous youngest billionaire, was deposed by Jung-youn. This month marks Kevin Lehmann's 20th birthday. Guenther Lehmann, who made his son a billionaire at the age of 18, is the one who made Kevin a billionaire. When Kevin was 14 years old, a stake in the German drugstore chain Drogerie Markt was transferred to him. The share was placed under trusteeship by his father until his kid turned 18 in 2020.

Alexandr Wang is the youngest self-made billionaire in the world

Photo Forbes

If Kim Jung-youn and Kevin David Lehmann both became billionaires as a result of their inherited wealth, Forbes named 1997-born Alexander Wang as the world's youngest self-made billionaire.

Despite not graduating from MIT in 2016, Wang left the institution at the age of 19 to launch the software business Scale AI.

Three years later, 300 companies, including well-known brands in self-driving cars like Alphabet's Waymo, General Motors' Cruise, or Uber Technologies, have implemented the company's artificial intelligence solution. Scale's most recent investment round raised $325 million last year, raising the company's worth to $7.3 billion. Wang's 15% ownership is valued at roughly $1 billion.

Wang’s childhood

Under the shadow of the top-secret Los Alamos National Lab in New Mexico, where the United States created its first atomic bomb during World War II, Alexander Wang grew up. His parents were scientists who worked on the military's weapons projects. And he does too: Scale AI, Wang's six-year-old San Francisco-based business, has already signed three deals worth up to $110 million, depending on the requirements of the government, to assist the Air Force and Army of the United States in utilizing artificial intelligence (AI). Very remarkable for a 25-year-old.

Despite not being a party animal like his co-founder, Wang aggressively uses social media to build his brand. He has 20,000 followers on Twitter, like most young males, and uses it to express his opinions on the newest Spider-Man film. He also runs a blog where he discusses the keys to his success and gives tips for aspiring business owners. According to some of his blog entries, having a positive outlook is essential for attaining goals, and the simplest recipe for success is to hire people who are invested in the business and its aims. Wang's strategy appears to have been successful as Scale Al, which is presently valued at over US$7 billion, raised $325 million in its most recent round of funding.

China's youngest billionaire keeps a private life

Photo Toutiao

The youngest billionaire in China at the moment is 26-year-old Wang Zelong, who has a net worth of $1.4 billion, according to Forbes. Wang Zelong leads a very private life and avoids social media and public appearances.

Wang has maintained a relatively secret life while being one of the wealthiest millennials in Asia, much like some other billionaires. He is a man about whom not much is known. He maintains a very small online presence, not even having a formal social media account or an online biography for his work.

Wang Zelong, who owns more than $1.3 billion in shares in CNNC Hua Yuan Titanium Dioxide, a chemical company listed on the Shenzhen Stock Exchange, made Forbes' list of the world's billionaires last year. Wang also owns stock in the Lomon Billions Group, a manufacturer of chemicals.

Where does he come from?

Wang’s profile on Forbes mentions that he hails from the city of Jiaozuo in the province of Henan, China. For comparison, the Chinese capital of Beijing is 16 times larger than Jiaozuo, while Shanghai’s population is more than 20 times greater than theirs. It is remarkable how China’s youngest billionaire comes from a relatively lesser-known part of the country.

Gary Wang is the richest billionaire in the world under the age of 30

Gary Wang is the co-founder and CTO of crypto exchange FTX. A graduate of MIT. Wang worked at Google before shaking hands with Sam Bankman-Fried to launch FTX in 2019. The 29-year-old is now worth $4.6 billion, according to Forbes.

Photo Tech in Asia

What is the salary of Gary Wang?

As the Chairman of the Board and Chief Executive Officer of China Customer Relations Centers Inc, the total compensation of Gary Wang at China Customer Relations Centers Inc is $107,880. There are no executives at China Customer Relations Centers Inc getting paid more.