Who Are The Youngest American Billionaires In The US
|Top 10 Youngest Billionaires In The US. Photo KnowInsiders.com|
Even though the COVID-19 pandemic and the ensuing economic downturn did not stop the wealth gap between rich and poor from widening, the past year has been extremely beneficial for the wealthiest people on the planet. The majority of billionaires increased their personal wealth by billions, which might widen the inequality gap even further.
While the working poor around the world long for financial stability, the 50 individuals on this list of the youngest billionaires already have it in abundance. The youngest billionaire, who was born in 1995, is just 26 years old, while the oldest is 47. As of March 17, 2021, Forbes' Real-Time Billionaires List provided Stacker with net worth information. Any ties in age were broken by net worth, and the list is updated in real time.
Included are both self-made millionaires and those who inherited their billions as heirs to family fortunes; however, many of the world's "self-made" millionaires had numerous advantages throughout their lives, including family start-up money. Tech companies like Facebook, Snapchat, and WhatsApp have made billions of dollars, but there are other ways to get rich besides technology. Some have made their fortune in retail, hedge funds, or even by developing a burger with only the most basic ingredients and a recipe.
While a large number came from backgrounds where opportunities were limited to the wealthy, others had less fortunate origins. Some were born to single parents who struggled to support them, while others immigrated from other nations in search of opportunity. Some billionaires on the list never attended college or dropped out, sometimes to follow the ideas that made them wealthy, but several attended and graduated from prestigious universities, including the Ivies.
Top 10 Youngest Billionaires In The US?
10. Nathan Blecharczyk, Airbnb co-founder
Net worth: US$10 billion
Industry: Tech, hospitality
One of the main causes of Nathan Blecharczyk's substantial wealth is his co-founding of the travel website Airbnb. Blecharczyk is the first engineer and chief strategy officer of the company. He also chairs Airbnb China. With a pledge to match any additional gifts made to Boston Latin Academy up to $1 million, Blecharczyk gave his alma mater $1 million in October 2019.
Nathan Blecharczyk is one of the co-founders of the wildly successful hospitality company Airbnb, along with Brian Chesky and Joe Gebbia. He led the company through a significant business downturn in the early stages of the Covid-19 pandemic and is currently the chief strategy officer.
9. Brian Armstrong, CEO of Coinbase
Net worth: US$11.5 billion
Industry: Tech, finance
When Coinbase, the cryptocurrency startup founded by Brian Armstrong, was estimated to be worth $68 billion in March 2021, it was not expected to be listed directly on the NASDAQ. Armstrong became a philanthropist after becoming a billionaire. He even committed to giving a significant portion of his wealth to charitable causes when he signed the Giving Pledge in December 2018.
The CEO of Coinbase, the biggest cryptocurrency trading company in the US, is Brian Armstrong. Because of his ownership position in the business—he supposedly holds close to one-fifth of Coinbase's shares—he has amassed a substantial fortune. In April, Coinbase listed on the stock market, valued at approximately $100 billion.
8. Dustin Moskovitz, Facebook co-founder and CEO of Asana
Net worth: US$24.1 billion
One of the original Facebook co-founders, Dustin Moskovitz, is estimated to hold a 2% stake in the company. Moskovitz co-founded Asana, a company that creates and markets software for workplace organization, after quitting Facebook. Because Facebook is so big, even though he owns almost one-third of his current company, his relatively small stake in the tech giant is still very valuable.
Facebook was founded in 2004 by Dustin Moskovitz and Mark Zuckerberg in their Harvard dorm room. Although the majority of Moskovitz's wealth originates from Facebook, he co-founded the workflow software company Asana after leaving the company in 2008. He still owns an estimated 2% of the business.
7. Mark Zuckerberg, Facebook CEO and co-founder
Net worth: US$134.5 billion
The most well-known and wealthy of the men who co-founded Facebook is Mark Zuckerberg. As the seventh richest person in the world according to Forbes 2020, Mark Zuckerberg started the social media platform that would transform the world at the age of 19, while he was a sophomore at Harvard. At age 23, he became a billionaire. Even though Zuckerberg only owns 14% of Facebook, that 135 billion dollars is still a staggering amount of money.
Despite not being the youngest billionaire on this list, Mark Zuckerberg is by far the richest. As you might have predicted, Zuckerberg's billions are linked to his 14% stake in Facebook, which makes up the majority of his wealth.
6. Baiju Bhatt, Robinhood co-founder
Net worth: US$2.9 billion
Industry: Tech, finance
Baiju Bhatt co-founded Robinhood, the company behind the stock trading app of the same name, back in 2013. In the eight years since, Robinhood has set the standard in mobile stock trading. It went public earlier this summer, but sparked a wave of criticism from institutional investors who objected to so many non-professional investors being allowed a chunk of the IPO.
|Since its launch, Robinhood's no-commission trading model has revolutionized the brokerage industry. |
In July 2021, Robinhood went public on the Nasdaq exchange at a $32 billion valuation.
Bhatt owns around 8% of the company.
5. Lukas Walton, Walmart fortune heir
Net worth: US$17.2 billion
|Photo Business Insider|
One of the wealthiest families in the country is represented by Lukas Walton. Sam Walton, his grandfather, established the enormous superstore Walmart. Following the tragic death of his father, John Walton, in a plane crash in 2005, Walton amassed his fortune.
Being the grandson of Walmart's founder, Sam Walton, Lukas Walton has inherited wealth. Walton is largely engaged in philanthropy and chairs the Walton Family Foundation's environment program committee in addition to managing the family business.
4. Fred Ehrsam, Coinbase co-founder
Net worth: US$3.5 billion
Industry: Tech, finance
Frederick “Fred” Ernest Ehrsam III, is an American business executive and investor who is the co-founder and managing partner of cryptocurrency investment firm Paradigm. He is also the co-founder of cryptocurrency exchange Coinbase.
After co-founding Coinbase, the largest public exchange for cryptocurrency, Fred Ehrsam founded a blockchain investment company called Paradigm. Among its investments? Coinbase and FTX, now two of the most widely used cryptocurrency exchanges in the world.
3. Bobby Murphy, Snap CTO
Net worth: US$15.2 billion
Though Bobby Murphy serves as chief technology officer at Snap (formerly known as Snapchat), he built most of his wealth by being a co-founder of the social media company he now helps to run. Snap shares have risen dramatically since it first went public in 2017.
The value of Bobby Murphy’s shares in Snap have increased dramatically since the company initially went public.
2. Evan Spiegel, Snap CEO
Net worth: US$13.8 billion
The flashier co-founder of Snapchat and the youngest billionaire on the list, Evan Spiegel wed supermodel Miranda Kerr in 2017. Spiegel left Stanford to found Snapchat, but he did eventually earn a product design degree from the esteemed institution in 2018. He is the CEO of the company, and he owns an estimated 18% along with fellow Snapchat co-founder Bobby Murphy.
Facts about Evan Spiegel and Snap chat:
-Each day some 293 million people use Snapchat to send disappearing photos and videos.
-Spiegel launched the company with Bobby Murphy, a Stanford University fraternity brother, in 2011.
-Murphy and Spiegel jointly own about a quarter of Snap but have voting shares that give them control over the board.
-He graduated from Stanford with a B.S. in Product Design in 2018, six years after he first dropped out to start Snapchat.
|Spiegel has donated more than $280 million in Snap stock. He and Murphy have pledged to donate 13 million shares to the Snap Foundation. |
Similar to Bobby Murphy, Snap CEO Evan Spiegel became wealthy as a co-founder and stakeholder of the company behind social media goliath Snapchat. Like Zuckerberg, Spiegel has so far managed to avoid losing control of the social media service he co-founded.
1. Sam Bankman-Fried, crypto entrepreneur
Net worth: US$22.5 billion
Industry: Tech, Finance
You may not be familiar with Sam Bankman-Fried's name right now, but some have already dubbed him "the new Mark Zuckerberg." This year, he became the richest billionaire under 30 in the world with a net worth of $22.5 billion. The only other person to have accumulated such a wealth at such a young age was Facebook's founder.
He studied physics at MIT and was inspired by "effective altruism," the utilitarian concept of doing the greatest good possible. He is the son of two Stanford law professors.
After accepting a position trading ETFs at a quant firm and contributing a portion of his income to charitable causes, he entered the cryptocurrency market in late 2017 after spotting a profitable arbitrage opportunity.
In 2019, Bankman-Fried established FTX, his own exchange. Constructed "by traders, for traders," this exchange is a prominent platform for the purchase and sale of cryptocurrency derivatives.
|In July 2021, FTX raised $900 million at a $18 billion valuation from investors like Coinbase Ventures and SoftBank, making Bankman-Fried one of the wealthiest people under 30 in history. |
The majority of his wealth is linked to his ownership of roughly half of FTX and a portion of its FTT tokens, which he claims he will eventually donate to charity in accordance with the "earning to give" philosophy.
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