Top 10+ World’s Billionaires Under Age 30 in 2022/2023
Youngest billionaires in the world Under 30

Overview - Youngest Billionaires In the World Under Age 30

*Self-made: Four billionaires under 30—all self-made—are newcomers in 2022. Altogether there are seven self-made billionaires under 30 on this year’s list, outnumbering the five heirs to established fortunes

*Only teenager: The list’s only teenager inherited a 50% stake in German drugstore chain dm-drogerie markt from his father. For the second year running is 19-year-old Kevin David Lehmann, worth an estimated $2.4 billion.

*Inherited: Four others under 30 also have their parents to thank for their ten-figure fortunes: Gustav Magnar Witzoe, age 28, heir to one of the largest farmed salmon operations on earth; Wang Zelong, age 25, who inherited stakes in two Chinese chemical companies; and Norwegian sisters Alexandra and Katharina Andresen, ages 25 and 26, respectively.

List of 10+ Yougnest Billionaires in the World - Under 30

(from oldest to youngest)

1.Kevin David Lehmann

Age: 19

Net Worth: $2.4 billion

Source of Wealth: Drugstores

Nationality: Germany

2.Alexandra Andresen

Age: 25

Net worth: $1.3 billion

Source of wealth: Investment firm

Nationality: Norway

3.Pedro Franceschi

Age: 25

Net Worth: $1.5 billion

Source of Wealth: Fintech

Nationality: Brazil

4.Wang Zelong

Age: 25

Net Worth: $1.5 billion

Source of Wealth: Pigment production

Nationality: China

5.Henrique Dubugras

Age: 26

Net Worth: $1.5 billion

Source of Wealth: Fintech

Nationality: Brazil

6.Katharina Andresen

Age: 26

Net worth: $1.3 billion

Source of wealth: Investment firm

Nationality: Norway

7.Austin Russell

Age: 27

Net worth: $1.6 billion

Source of wealth: Autonomous car tech

Country: United States

8.Ryan Breslow

Age: 27

Net worth: $2.0 billion

Source of wealth: E-commerce

Country: United States

9.Gary Wang

Age: 28

Net worth: $5.9 billion

Source of wealth: Cryptocurrency

Nationality: United States

10.Gustav Magnar Witzoe

Age: 28

Net worth: $4.5 billion

Source of wealth: Fish farming

Nationality: Norway

11.Stanley Tang

Age: 29

Net worth: $1.2 billion

Source of wealth: DoorDash

Nationality: United States

12.Andy Fang

Age: 29

Net worth: $1.1 billion

Source of wealth: DoorDash

Nationality: United States

Top 10 Richest Teenagers in The World in 2022/2023

Who Are the World’s Younget Billionaires Under Age 30?

1.Kevin David Lehmann

Top 10+ World’s Billionaires Under Age 30 in 2022/2023
Kevin David Lehmann

Age: 19

Net Worth: $2.4 billion

Source of Wealth: Drugstores

Nationality: Germany

Kevin David Lehmann, a 19-year-old German citizen, owns 50% of dm (drogerie markt), a leading German drugstore chain earning over $12 billion annual revenue.

Goetz Werner opened his first shop in Karlsruhe, Germany, in 1973. By now, dm has around 3,700 locations.

Kevin's father, Guenther, made an investment in dm later in 1974.

In 2017, he received ownership of 50% of his father's stake in the company.

Neither father nor son runs the operations of dm personally.

Though his ownership was transferred to him when he was 14, due to the legal rules of adulthood in property ownership, he became the youngest billionaire in the world after he turned 18 in 2021. He has retained that position this year as well.

In 2021, Kevin's net worth was 3.3 billion. This year, it has dropped slightly to 250 billion.

Kevin turned 18 in September 2020, and in April 2021, he officially became the world's youngest billionaire.

2.Alexandra Andresen

Top 10+ World’s Billionaires Under Age 30 in 2022/2023
Alexandra Andresen

Age: 25

Net worth: $1.3 billion

Source of wealth: Investment firm

Nationality: Norway

Alexandra Andresen is a Norwegian heiress. Alexandra Andresen and her sister Katharina, one year her senior, each inherited 42% of the family-owned investment company Ferd.

She became the world’s youngest billionaire at age 19 in 2016 and held the position of youngest billionaire on the Forbes list for consecutive years. As of 2022, Andresen is the world’s second youngest billionaire and her net worth is estimated at US$1.3 billion.

Alexandra Andresen, better known by the Family name Alexandra Gamlemshaug Andresen, is a popular Equestrian. she was born on 23 July 1996, in Oslo, Norway.

Andresen is the daughter of Norwegian industrialist Johan H. Andresen Jr., owner of Ferd AS, who in 2007, transferred ownership stakes of 42.2% each to Alexandra and her sister Katharina (even though their father insists that he will not force his daughters to take part in the family company if they do not want to).

She is the great-granddaughter of Johan H. Andresen, great-great granddaughter of Johan Henrik Andresen and Anton Klaveness, and great-great-great granddaughter of Nicolai Andresen. Johan Henrik was the brother of Nicolay August Andresen, and the uncle of Nils August Andresen Butenschøn.

3.Pedro Franceschi

Top 10+ World’s Billionaires Under Age 30 in 2022/2023
Brex cofounders and co-CEOs Henrique Dubugras (left), 26, and Pedro Franceschi, 25, met through a spirited Twitter exchange when they were high school seniors in Brazil. PHOTO COURTESY OF BREX

Age: 25

Net Worth: $1.5 billion (2.6)

Source of Wealth: Fintech

Nationality: Brazil

Pedro Franceschi knew that to make it big in the tech world, he had to make big moves -- including uprooting his life in Brazil. In 2017, he and his business partner, Henrique Dubugras, moved to Silicon Valley and created Brex, a corporate credit card company for entrepreneurs. Fast forward and their startup is now a unicorn business, currently valued at $2.6 billion.

Pedro admitted that applying to college in America, along with running his business, made 2013 a very stressful year. Both him and Henrique got into Stanford, but ended up dropping out six months later after starting Brex.

Thanks to Brex, both he and Henrique were able to accomplish their American Dream. According to The New York Times, the founders are worth close to $430 million while their business has an estimated value of $2.6 billion.

The two co-founders were listed on Forbes "30 under 30" list, which highlights the best entrepreneurs in the world.

4.Wang Zelong

Top 10+ Young Billionaires in the World Under Age 30 in 2022/2023
Wang Zelong - Youngest billionaires in China

Age: 25

Net Worth: $1.5 billion

Source of Wealth: Pigment production

Nationality: China

Wang Zelong, aged 25, 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. So he is worth $1.5 billion.

5.Henrique Dubugras

Top 10+ Young Billionaires in the World Under Age 30 in 2022/2023
Brex Co-Founder & CEO Henrique Dubugras speaks onstage during TechCrunch Disrupt San Francisco 2019 at Moscone Convention Center on October 02, 2019 in San Francisco, California.Steve Jennings | Getty Images

Age: 26

Net Worth: $1.5 billion

Source of Wealth: Fintech

Nationality: Brazil

Henrique Dubugras is Co-Founder & CEO of Brex — the first of its kind corporate card for startups. A Brazilian entrepreneur, Henrique built payments company Pagar.me — the Stripe of Brazil — when he was sixteen years old. In just three years, Pagar.me grew to $1.5 billion in volume of transactions processed.

In the fall of 2016, Henrique sold Pagar.me and enrolled at Stanford University. After eight months, he left school and founded Brex, which raised $215M in funding across three rounds in its first 22 months and was the fastest U.S. business-to-business company to be valued at over $1bn.

Today, Dubugras, 25, is the co-founder and CEO of corporate credit card start-up Brex, which valued at roughly $7.4 billion. Dubugras and his co-founder, Pedro Franceschi, 24, are reportedly each worth $1.5 billion.

From teen coder to budding entrepreneur

At 12, Dubugras started downloading college textbooks and other materials on programming from the internet. By the time he was 14, he’d taught himself to code well enough to create his version of that Korean role-playing game called “Ragnarok,” which Dubugras says was popular in Brazil at the time.

The game he coded himself was an obvious rip-off of the original game that he’d originally created mostly for him and his friends to play. But after a few months, more and more people were playing and eventually Dubugras says he made “tens of thousands of dollars” from in-game purchases before the legal warning from the original game’s Brazilian distributor.

When he was nearly 16, Dubugras took the money he’d made from the game, put his coding skills to use, and launched his first start-up: an app that would help Brazilian teens navigate the U.S. college application process, with tips on how to practice for the SATs, prepare essays in English, and apply for a student visa.

6.Katharina Andresen

Top 10+ Young Billionaires in the World Under Age 30 in 2022/2023
Katharina Andresen

Age: 26

Net worth: $1.3 billion

Source of wealth: Investment firm

Nationality: Norway

Katharina Andresen, born 1995, is one of the world's youngest billionaires. She and her sister Alexandra, one year her junior, each inherited 42% of the family-owned investment company Ferd.

The sisters' father Johan still runs the company and controls 70% of the votes via a dual-class share structure.

Ferd runs hedge funds, is an active investor on the Nordic stock exchange, and has private equity investments.

In 2017 Katharina was stopped by police at tony ski resort Hafjell and was found to be driving under the influence and was eventually fined $32,000.

The Andresen family has been a household name in Norway for over 100 years, primarily known for its tobacco brand, which they sold in 2005.

7.Austin Russell

Top 10+ Young Billionaires in the World Under Age 30 in 2022/2023
Austin Russell

Age: 27

Net worth: $2.7 billion

Source of wealth: Autonomous car tech

Country: United States

Austin Kingsley Russell (born 13 March 1995) is an Entrepreneur & the founder and chief executive officer of Luminar Technologies Inc from Newport Beach, California.

Russel is the youngest self-made billionaires. Russel came to the limelight after his company Luminar Technologies went public in Nasdaq through a SPAC merger on 3 December 2020 which made him the youngest billionaire at the age of 25 on earth worth $2.4B with a 35% stack in it.

Russel, an optics prodigy who developed the idea for Luminar when he was just 17 years while studying physics at Stanford University. He dropped out of Stanford University after receiving a fellowship worth $100,000 from Peter Thiel in 2012 to start his own company. Austin Russel was born on 13 March 1995 and his age is 27 years as of 2022.

The company he started as a teenager attending high school engineers cutting edge lidar technology paramount to the development of fully autonomous vehicles that can be realistically priced for mass-market appeal.

Luminar touts a market cap north of $10 billion and trades at over 350x projected 2021 revenue, making Russell’s rise into the billionaire ranks entirely based on the value of his holdings in the high-tech sensor manufacturer. If we peel the curtain back, over the course of 2019, Luminar had $12.6 million in revenue while also reporting a net loss of $94.7 million. Then they hauled in $15 million of revenue in 2020, however, that’s paired with operating losses of $72 million.

Austin was born on Pi Day in March of 1996 and grew up along the sparkling, sun-drenched shores of Orange County’s famed Newport Beach. His father, Michael, brokered commercial real estate while his mother, Shannon, was a model who occasionally dabbled in public speaking.

His parents enrolled him in St. Margaret’s Episcopal School in sixth grade, hoping the preK-12 private academy would be able to provide a more challenging educational atmosphere. Their desires were fulfilled that same year as a science teacher named Mr. Dylan assigned a project to his classroom requiring them to create an earthquake-proof building. Utilizing newly learned math skills and architectural research, Austin’s group won the challenge by collaborating and designing a structure that would indeed withstand the force of recordable seismic activity.

8.Ryan Breslow

Top 10+ Young Billionaires in the World Under Age 30 in 2022/2023
Ryan Breslow

Age: 27

Net worth: $2.0 billion

Source of wealth: E-commerce

Country: United States

Ryan Breslow is the founder and CEO of Bolt, the technology company that is democratizing commerce by bringing lightning-fast, one-click checkout to the world. Hundreds of forward-thinking retailers like Forever 21, Badgley Mischka, Polywood, and others rely on Bolt to convert, retain, and delight shoppers. The world’s first checkout experience platform, Bolt solves the complicated technological challenges involved in checkout, fraud detection, and digital wallets so that retailers can devote their energy to what matters most—growing their product, brand, and customer base.

Together with Bolt, he launched the Conscious Culture movement in 2021 to open-source all of Bolt’s cultural guidelines with the rest of the internet, inspiring other companies to bridge humanity with execution in the workplace.

In high school, Ryan got his start in commerce bagging groceries at Publix for six years and building e-commerce sites for businesses of all sizes—from small mom-and-pop shops to large corporations. It was during this time that Ryan experienced first-hand the shortcomings in checkout and online commerce, inspiring him to design a better alternative. He went on to attend Stanford’s Computer Science program and co-found the Stanford Bitcoin Group, dedicating research to the future of money and financial systems. In 2014, he left Stanford early to create Bolt and pursue his vision for democratizing commerce by perfecting checkout.

Outside of Bolt, Ryan is also the founder of Eco, a digital global cryptocurrency platform that can be used as a payment tool for daily-use transactions. In his free time, Ryan enjoys dancing, and practicing yoga and mindfulness. He chairs The Movement, a charity that provides free dance classes for underserved communities in Miami that may not otherwise engage with dance and the arts because of financial constraints.

In his free time, Breslow enjoys dancing and practicing yoga. He is the leader of The Movement, a nonprofit that provides free dance classes for underprivileged communities in Miami.

9.Gary Wang

Top 10+ Young Billionaires in the World Under Age 30 in 2022/2023
Chinese Billionaire Gary Wang on Building “The Pixar of China”

Age: 28

Net worth: $5.9 billion

Source of wealth: Cryptocurrency

Nationality: United States

Wang founded streaming video service Tudou.com in 2005 — shortly before the debut of YouTube — and built the company into China’s second-largest video site. In 2012, he sold Tudou to rival VOD platform Youku.com for $1 billion in stock, which, at the time, was the largest tech deal China had ever seen (last year, Youku Tudou was bought by Alibaba Group for $3.67 billion). Walking away with a fortune, Wang, then 39, could have pursued virtually any endeavor, or he might have retired to a life of luxurious distraction. He chose to create an animation studio.

In March 2013, Wang unveiled plans for Beijing-based studio Light Chaser Animation. Despite no background in filmmaking, Wang announced that he wouldn’t just build a team and run the company; he would write and direct the studio’s movies himself. The studio would come to be known as “the Pixar of China” — and its first film would be released in three years or less.

Wang indeed seems uniquely suited to the challenge he’s set for himself. Before he entered the business world with an MBA from INSEAD and a stint as a corporate development director at German media giant Bertelsmann, Wang wrote a popular Chinese novel, Waiting for Summer, based on his experience as a foreign exchange student in the U.S. in the late 1990s. He’s also penned stage plays, and in 2011 he wrote a libretto for the San Francisco Ballet.

Today, Light Chaser Animation employees a team of 190 — most in their 20s — including several animation veterans poached from Pixar and DreamWorks Animation. The state-of-the-art studio occupies a 25,000 square-foot-warehouse in an industrial district turned arts compound in the northeast outskirts of Beijing.

10.Gustav Magnar Witzoe

Top 10+ Young Billionaires in the World Under Age 30 in 2022/2023
Gustav Magnar Witzøe

Age: 28

Net worth: $4.5 billion

Source of wealth: Fish farming

Nationality: Norway

Gustav Magnar Witze is a Norwegian Billionaire who has a large stake in the salmon farming firm Salmar ASA. He is one of the world’s youngest billionaires.

Gustav Magnar Witzøe was born in 1993, in Frøya Municipality, Norway. He is 29 years old as of 2022.

Gustav Magnar Witzøe is his full name. He is the son of Oddny Witze, the wife of Norwegian billionaire entrepreneur Gustav Witze. He grew up in Norway, along with his parents and siblings. Similarly, He is a Norwegian citizen. He is of the white ethnicity. His faith is Christianity. Talking about his educational details, He did his schooling at a local High School. Likewise, his higher education details are not revealed yet.

Gustav Magnar Witzøe net worth: Gustav Magnar Witzøe is a Norwegian businessman who has a net worth of $4.5 billion.

His father founded the company Salmar which has become one of the world's largest farmed salmon producers. He also owns significant stakes in the second largest salmon farmer in the UK, Scottish Sea Farms. Gustav Magnar Witzøe's father transferred 47% of the company to his son in 2013 so he could void a heavy inheritance tax bill.

Gustav once worked as a milker at the company's fish farms. He has worked for MGM Property and invested in properties and technology startups. Gustav Magnar Witzøe is also a model and has more than 70 thousand followers on Instagram.

Gustav Witzoe, who formerly worked for MGM Property, has established an exceptional track record as an investor in the information and technology sectors and is well-known for his many investments in startups and real estate. The heir to the Norwegian salmon tycoon has a sizable investment portfolio and has backed firms such as Keybutler, a smartphone app that assists Airbnb hosts, and the Gobi, a Snapchat rival created by students. Witzoe recently said that he is unsure if he would follow in his father’s footsteps and take over the reins of the Norwegian salmon farming behemoth.

He once said that his parents regretted making him the heir apparent at such a young age. In addition to his other accomplishments, the young millionaire is a successful model, and this particular professional path has helped him win several jobs in his home nation. He is often spotted in the front rows of Norwegian Fashion events and is regarded as an idol and role model by many younger models and businesspeople.

He is a single man who is very focused on his career. Furthermore, He does not disclose his previous relationships or dating history in the public domain. he keeps his private life hidden from the paparazzi.

11.Stanley Tang

Age: 29

Net worth: $1.2 billion

Source of wealth: DoorDash

Nationality: United States

Stanley Tang is the Co-Founder and Chief Product Officer at DoorDash. He attended Stanford University, where he majored in Computer Science. He is from Hong Kong. He previously served as our Chief Product Officer from May 2013 to November 2017. From June 2012 until September 2012, Mr. Tang served as a Software Engineer at Facebook, Inc., a social media and social networking company. He holds a B.S. in Computer Science from Stanford University.

12.Andy Fang

Age: 29

Net worth: $1.1 billion

Source of wealth: DoorDash

Nationality: United States

Andy Fang currently works as Chief Technology Officer and Co-founder at DoorDash. He previously worked at Stanford University as CS106 Section Leader.

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