Who Are the World’s Younget Billionaires Under 30 - Top 12

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Youngest billionaires in the world Under 30

Overview - Youngest Billionaires In the World Under Age 30

*Self-made: In 2023, there will be four self-made billionaires under the age of 30. This year's list includes seven self-made billionaires under the age of 30, which is more than the five heirs to existing 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: Gustav Magnar Witzoe, age 28, inherits one of the world's largest salmon farming operations. Wang Zelong, age 25, received shares in two Chinese chemical companies. Alexandra and Katharina Andresen, sisters from Norway, ages 25 and 26, respectively, also received ten-figure inheritances from their parents.

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

Top 12 of the World's Youngest Billionaires Under 30

1.Kevin David Lehmann

Kevin David Lehmann

Age: 19

Net Worth: $2.4 billion

Source of Wealth: Drugstores

Nationality: Germany

German citizen Kevin David Lehmann, 19, owns 50% of dm (drogerie markt), a major drugstore chain in Germany with annual sales of over $12 billion.

In 1973, Goetz Werner established his first store in Karlsruhe, Germany. dm has about 3,700 locations as of this point.

Later in 1974, Guenther, Kevin's father, invested in dm.

He received ownership of 50% of his father's stock in the business in 2017.

DM is not personally run by either the father or the son.

Due to the legal requirements for adulthood in property ownership, his ownership was transferred to him when he was 14 years old, but after he turned 18 in 2021, he became the youngest billionaire in history. This year, he has continued in that role.

Kevin had a net worth of $3.3 billion in 2021. It has decreased slightly to 250 billion this year.

In April 2021, Kevin, who turned 18 in September 2020, was recognized as the world's youngest billionaire.

2.Alexandra Andresen

Alexandra Andresen

Age: 25

Net worth: $1.3 billion

Source of wealth: Investment firm

Nationality: Norway

A Norwegian heiress named Alexandra Andresen. Each of Alexandra Andresen's sisters, Katharina, who is one year older than she is, received a 42% share of the family-owned investment firm Ferd.

At age 19, she became the youngest billionaire in the world in 2016 and continued to hold that title for several years on the Forbes list. Andresen's net worth is estimated to be US$1.3 billion, making her the second youngest billionaire in the world as of 2022.

Popular equestrian Alexandra Andresen is also known by her family name, Alexandra Gamlemshaug Andresen. She was born in Oslo, Norway, on July 23, 1996.

Andresen is the daughter of Ferd AS's owner, Norwegian industrialist Johan H. Andresen Jr., who transferred 42.2% of Ferd AS's ownership to Alexandra and her sister Katharina in 2007 (despite their father's insistence that he will not compel his daughters to work for the family business if they do not want to).

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

3.Pedro Franceschi

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 was aware that he needed to make significant changes to succeed in the tech industry, including leaving his home country of Brazil. Henrique Dubugras, his business partner, and he relocated to Silicon Valley in 2017 and founded Brex, a corporate credit card company for business owners. After a quick turnaround, their startup has grown into a $2.6 billion unicorn company.

Pedro acknowledged that managing his business and college applications in America made 2013 a very stressful year. Both he and Henrique were accepted to Stanford, but six months after beginning Brex, they both decided to leave.

Henrique and he were both able to realize their American Dreams as a result of Brex. The founders' combined net worth is close to $430 million, and The New York Times estimates that their company is worth $2.6 billion.

The Forbes "30 Under 30" list, which honors the world's top businesspeople, included the two co-founders.

4.Wang Zelong

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

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

Co-Founder and CEO of Brex, the first corporate card of its kind for startups, is Henrique Dubugras. Henrique, a Brazilian businessman, founded Pagar.me, the Stripe of Brazil, when he was just sixteen years old. Pagar.me processed $1.5 billion worth of transactions in just three years.

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

Dubugras, 25, is the co-founder and CEO of the $7.4 billion valuation corporate credit card start-up Brex. Each of Dubugras and his 24 year old co-founder Pedro Franceschi is said to be worth $1.5 billion.

From teen coder to budding entrepreneur

At age 12, Dubugras began downloading programming books and other materials from the internet. By the age of 14, he had mastered the art of programming well enough to produce his own adaptation of the Korean role-playing game "Ragnarok," which Dubugras claims was well-liked in Brazil at the time.

The game that he independently coded was a blatant imitation of the one that he had initially made primarily for himself and his friends to play. However, as more and more people began to play, Dubugras claims he eventually made "tens of thousands of dollars" from in-game purchases before the Brazilian distributor of the original game issued a legal warning.

When he was almost 16 years old, Dubugras used the money from the game, along with his knowledge of coding, to launch his first start-up: an app that would guide Brazilian teenagers through the process of applying to colleges in the United States, providing advice on how to prepare for the SATs, write English essays, and obtain student visas.

6.Katharina Andresen

Katharina Andresen

Age: 26

Net worth: $1.3 billion

Source of wealth: Investment firm

Nationality: Norway

One of the youngest billionaires in the world is Katharina Andresen, who was born in 1995. She and her sister Alexandra, who is a year younger than she, each received a 42% share of the family's holding company Ferd.

With a dual-class share structure, the company is still run by the sisters' father Johan, who also holds 70% of the votes.

Ferd manages hedge funds, participates actively in the Nordic stock market, and has private equity holdings.

When Katharina was pulled over by the police in 2017 at upscale ski resort Hafjell, it was discovered that she was driving while intoxicated. She was ultimately fined $32,000.

In Norway, the Andresen family has been well-known for over a century thanks to its tobacco brand, which they sold in 2005.

7.Austin Russell

Austin Russell

Age: 27

Net worth: $2.7 billion

Source of wealth: Autonomous car tech

Country: United States

Austin Kingsley Russell, a businessman from Newport Beach, California, was born on March 13, 1995. He is the founder and CEO of Luminar Technologies Inc.

The youngest self-made billionaire is Russell. Russell gained notoriety after his company, Luminar Technologies, went public on the Nasdaq on December 3, 2020 through a SPAC merger, making him the planet's youngest billionaire at the age of 25 and worth $2.4 billion with a 35% stack.

Luminar was invented by optics prodigy Russell, who was only 17 years old and studying physics at Stanford University at the time. After receiving a fellowship from Peter Thiel in 2012 worth $100,000 to launch his own business, he left Stanford University. Austin Russell was born on March 13, 1995, and as of 2022, he will be 27 years old.

The business he founded while still in high school develops cutting-edge lidar technology essential to the creation of fully autonomous vehicles that can be reasonably priced for wide consumer appeal.

The value of Russell's investments in the high-tech sensor manufacturer, Luminar, which boasts a market cap north of $10 billion and trades at over 350x projected 2021 revenue, is the only factor contributing to his ascent to the billionaire ranks. If we pull back the curtain, Luminar reported a net loss of $94.7 million in addition to $12.6 million in revenue for the entire year of 2019. Then, in 2020, they brought in $15 million in revenue, but that was offset by $72 million in operating losses.

Austin was born on March 14, 1996—Pi Day—and raised in the renowned Newport Beach neighborhood of Orange County. His mother Shannon worked as a model and occasionally dabbled in public speaking, while his father Michael brokered commercial real estate.

In the sixth grade, his parents enrolled him at St. Margaret's Episcopal School in the hopes that the preK–12 private school would be able to offer a more demanding learning environment. Their wishes came true the following year when Mr. Dylan, a science teacher, assigned his class a project that required them to construct an earthquake-resistant structure. Austin's team triumphed over the challenge by working together and creating a structure that would actually withstand the force of recordable seismic activity using newly acquired math skills and architectural research.

8.Ryan Breslow

Ryan Breslow

Age: 27

Net worth: $2.0 billion

Source of wealth: E-commerce

Country: United States

Bolt, a technology company that is democratizing commerce by offering one-click, lightning-fast checkout, is founded and led by Ryan Breslow. Bolt is used by hundreds of forward-thinking retailers to attract, keep, and delight customers, including Forever 21, Badgley Mischka, Polywood, and others. Bolt, the first platform of its kind for the checkout experience, handles the complex technological problems associated with checkout, fraud detection, and digital wallets so that retailers can focus their efforts on what really matters—expanding their product, brand, and customer base.

He founded the Conscious Culture movement with Bolt in 2021 to open-source all of Bolt's cultural principles and encourage other businesses to combine humanity with execution at work.

Ryan began his career in business while still in high school by six years of grocery bagging at Publix and the creation of e-commerce websites for companies of all sizes, from small mom-and-pop shops to major corporations. During this time, Ryan personally encountered the drawbacks of online commerce and checkout, which motivated him to create a superior replacement. He later enrolled in Stanford's Computer Science program and helped found the Stanford Bitcoin Group, a research group focused on the development of new forms of money and financial infrastructure. He graduated from Stanford early in 2014 to start Bolt and pursue his goal of perfecting checkout and democratizing commerce.

In addition to Bolt, Ryan is the creator of Eco, a platform for digital currencies that can be used for everyday transactions. Ryan likes to dance, practice yoga, and be mindful in his free time. He serves as the chairman of The Movement, a nonprofit organization that offers free dance lessons to underprivileged Miami neighborhoods that might not otherwise participate in dance and the arts due to financial restrictions.

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

Chinese Billionaire Gary Wang on Building “The Pixar of China”

Age: 28

Net worth: $5.9 billion

Source of wealth: Cryptocurrency

Nationality: United States

Before YouTube even existed, in 2005, Wang launched the streaming video service Tudou.com, growing it into the second-largest video site in China. The largest tech deal China had ever seen occurred when he sold Tudou to rival VOD platform Youku.com in 2012 for $1 billion in stock (Youku Tudou was later acquired by Alibaba Group for $3.67 billion). Wang, who was 39 at the time, could have pursued almost any endeavor with his windfall or he could have retired to a life of opulent distraction. He decided to start an animation company.

Wang unveiled his plans for Beijing-based studio Light Chaser Animation in March 2013. Despite having no prior experience in the industry, Wang declared that in addition to hiring staff and managing the business, he would also write and direct the studio's films. In three years or less, the company would release its first movie, earning the nickname "the Pixar of China" for the studio.

In fact, Wang appears to be ideally suited for the challenge he has set for himself. Wang wrote the well-known Chinese novel Waiting for Summer, which is based on his experiences as a foreign exchange student in the United States in the late 1990s, before making his way into the business world with an MBA from INSEAD and a stint as corporate development director at German media giant Bertelsmann. In 2011, he wrote a libretto for the San Francisco Ballet. He has also written stage plays.

A team of 190 people, the majority of whom are in their 20s, work for Light Chaser Animation today, including several seasoned animators who were stolen from Pixar and DreamWorks Animation. The cutting-edge studio is housed in a 25,000 square foot warehouse in an industrial area that has been converted into an arts complex northeast of Beijing.

10.Gustav Magnar Witzoe

Gustav Magnar Witzøe

Age: 28

Net worth: $4.5 billion

Source of wealth: Fish farming

Nationality: Norway

Norwegian billionaire Gustav Magnar Witze owns a sizable portion of the salmon farming company Salmar ASA. He is one of the youngest billionaires in the world.

1993 saw the birth of Gustav Magnar Witze in Norway's Frya Municipality. As of 2022, he is 29 years old.

He goes by Gustav Magnar Witze in full. He is the child of Norwegian billionaire businessman Gustav Witze's wife Oddny Witze. Together with his parents and siblings, he was raised in Norway. He also holds Norwegian citizenship. He is a member of the white race. He follows the Christian faith. Speaking of his educational background, he attended a local high school. Likewise, little is known about his higher education.

Gustav Magnar Witze has a net worth of $4.5 billion and is a successful businessman from Norway.

One of the largest producers of farmed salmon in the world, Salmar was founded by his father. Additionally, he has a sizable stake in Scottish Sea Farms, the second-largest salmon producer in the UK. In 2013, Gustav Magnar Witze's father gave his son 47% of the business in order to avoid paying a sizable inheritance tax bill.

At one time, Gustav was a milker at the business's fish farms. He has worked for MGM Properties and made investments in real estate and start-up businesses. Additionally a model, Gustav Magnar Witze has more than 70.000 Instagram followers.

Former MGM Property employee Gustav Witzoe has a distinguished track record as an investor in the information and technology industries and is well-known for his numerous investments in startups and real estate. The Norwegian salmon tycoon's heir has a sizable investment portfolio and has supported businesses like Keybutler, a mobile app that helps Airbnb hosts, and the Gobi, a Snapchat competitor made by students. Witzoe recently expressed doubt about whether he would succeed his father as head of the massive Norwegian salmon farming operation.

He once expressed regret that his parents had made him the heir apparent when he was so young. The young millionaire is a successful model in addition to his other achievements, and this particular career path has helped him land several jobs in his home country. He frequently appears in the front rows of Norwegian Fashion events, and many younger models and businesspeople look up to and emulate him.

He is an unmarried man who is totally committed to his career. Furthermore, He keeps the details of his past relationships and dating life private. He avoids the prying eyes of the media with his personal life.

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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