As you sow, so shall you reap? If you invest your early age in working and building your brand, then they shall reap the benefits at a very young age.
At an age when most of us are exploring the regular stuff in life like what courses to take, which stream to choose, what jobs to look for and how to make enough money to survive.
But in the world, some people are a thousand steps ahead. They are among the 10 youngest billionaires in 2021, the hard work pays off, eventually.
For some, it pays off faster. These people have either figured out how to make big bucks or are just bestowed with the best of what life offers, at least, financially.
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One of the billionaires includes Andy Fang and Stanley Tang, both 28, who joined the club after the food delivery service that they founded in 2013, DoorDash, went public in December.
They are worth $2 billion apiece. Say like Austin Russell spent his teenage at the University of California at Irvine’s Backman Laser Institute for his research work.
He dropped out of Sandford in 2012 to find laser lidar Startup Luminar Technologies after getting a fellowship with billionaire tech investor Peter Thiel. The sensors developed empower the self-driving cars to see in 3D. The company listed via the SPAC merger in December 2020 made him a billionaire overnight.
MIT graduate and former Wall Street trader Sam Bankman-Fried, 29, who founded and runs two crypto firms, Alameda Research and FTX, is far beyond the wealthiest FTX, a crypto derivatives exchange, has proven to be particularly lucrative.
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The youngest billionaire on the planet is German heir Kevin David Lehmann, who is just 18. His father, Guenther Lehmann, transferred a stake in the German drugstore chain Drogerie Markt to his son when he was 14, but it remained under trusteeship until his 18th birthday in September 2020. Here is a:
As you sow, so shall you reap? If you invest your early age in working and building your brand, then they shall reap the benefits at a very young age.
At an age when most of us are exploring the regular stuff in life like what courses to take, which stream to choose, what jobs to look for and how to make enough money to survive.
But in the world, some people are a thousand steps ahead. They are among the 10 youngest billionaires in 2021, the hard work pays off, eventually.
For some, it pays off faster. These people have either figured out how to make big bucks or are just bestowed with the best of what life offers, at least, financially.
Also Read: Top 10 Most Romantic Places in Australia | Lovers Paradise of Australia
One of the billionaires includes Andy Fang and Stanley Tang, both 28, who joined the club after the food delivery service that they founded in 2013, DoorDash, went public in December.
They are worth $2 billion apiece. Say like Austin Russell spent his teenage at the University of California at Irvine’s Backman Laser Institute for his research work.
He dropped out of Sandford in 2012 to find laser lidar Startup Luminar Technologies after getting a fellowship with billionaire tech investor Peter Thiel. The sensors developed empower the self-driving cars to see in 3D. The company listed via the SPAC merger in December 2020 made him a billionaire overnight.
MIT graduate and former Wall Street trader Sam Bankman-Fried, 29, who founded and runs two crypto firms, Alameda Research and FTX, is far beyond the wealthiest FTX, a crypto derivatives exchange, has proven to be particularly lucrative.
The youngest billionaire on the planet is German heir Kevin David Lehmann, who is just 18. His father, Guenther Lehmann, transferred a stake in the German drugstore chain Drogerie Markt to his son when he was 14, but it remained under trusteeship until his 18th birthday in September 2020. Here is a:
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Top 10 Youngest Self made Billionaires of 2021
1. Kevin David Lehmann
Name – Kevin David Lehmann
Age – 18
Net Worth – $3.3B
Source of Income – Drugstores
Country – Germany
At the age of 18 years, Kevin David Lehmann has a net worth of $3.3 Billion. His business is Drugstores out in the country of Germany.
Lehmann is now the world’s youngest billionaire after he officially inherited his father’s 50% stake in the German drugstore chain Drogerie market, which was in his name since he was of the age of 14 years.
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2. Wang Zelong
Name – Wang Zelong
Age – 24
Net Worth – $1.5B
Source of Income – Chemicals
Country – China
Wang Zelong is just 24 years old and has a net worth of $1.5 billion. The source of wealth is pigment production placed out of China. Wang inherited a stake worth more than $1.3 billion in CNNC Hua Yuan Titanium Dioxide Co., which 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.
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3. Alexandra Andresen
Name – Alexandra Andresen
Age – 24
Net Worth – $1.4B
Source of Income – Investments
Country – Norway
At the age of 24, Alexandra Andresen has a net worth of $1.4 billion through an investment firm located out of Norway. Though their father runs the business, The Andresen sisters inherited 42% each of Ferd, a Bærum, Norway-based investment company that reels in about $2 billion in annual revenue.
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4. Katharina Andresen
Name – Katharina Andresen
Age – 25
Net Worth – $1.4B
Source of Income – Investments
Country – Norway
At the age of 25, Alexandra Andresen has a net worth of $1.4 billion through an investment firm located out of Norway.
Though their father runs the business, The Andresen sisters inherited 42% each of Ferd, a Bærum, Norway-based investment company that reels in about $2 billion in annual revenue.
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5. Austin Russell
Name – Austin Russell
Age – 26
Net Worth – $2.3B
Source of Income – Sensors
Country – United States
Austin Russell has entered the list of the youngest billionaire at the age of 26 with a net worth of $2.4 billion. He has earned a net worth through Autonomous Car Technology located out of the United States.
In 2012, Russell dropped out of Stanford after receiving a $100,000 Thiel Fellowship to start Luminar Technologies.
This company makes sensors and other tech for self-driven vehicles. Its sensors now help self-driving cars of customers such as Volvo and Toyota by bouncing laser beams off nearby objects and vehicles’ surroundings.
Luminar went public through a SPAC merger in December. Russell owns about a third of the company.
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6. Gustav Magnar Witzoe
Name – Gustav Magnar Witzoe
Age – 28
Net Worth – $4.5B
Source of Income – Fish Farming
Country – Norway
Gustav Magnar Witzoe has a net worth of $4.4 billion at the age of 27 through his fish farming based in Norway. Witzoe owns almost half of SalMar ASA, which is a Norwegian salmon producer that his father founded in 1991.
Witzoe’s fortune nearly doubled in the past year thanks to SalMar’s strong market performance. His stake in the firm was gifted by his father in 2013.
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7. Andy Fang
Name – Andy Fang
Age – 28
Net Worth – $1.9B
Source of Income – Food Delivery App
Country – United States
He has a net worth of $2 billion from Doordash based out in the United States. Andy Fang is 28 years old. Doordash is an online food ordering and delivery service with the highest market share. He founded this company with Stanley Tang.
It went public on the New York Stock Exchange in December. Fang previously served as the company’s chief technology officer, while Tang was the chief product officer.
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8. Stanley Tang
Name – Stanley Tang
Age – 28
Net Worth – $1.9B
Source of Income – Food Delivery App
Country – United States
He has a net worth of $2 billion from Doordash based out in the United States. Stanley Tang is 28 years old. Doordash is an online food ordering and delivery service with the highest market share. He founded this company with Andy Fang.
It went public on the New York Stock Exchange in December. Fang previously served as the company’s chief technology officer, while Tang was the chief product officer.
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9. Sam Bankman-Fried
Name – Sam Bankman-Fried
Age – 29
Net Worth – $8.7B
Source of Income – Trading
Country – United States
At the age of 29, Sam Bankman Fried is one of the youngest billionaires with a net worth of $8.7 billion through crypto trading based out in the United States.
Bankman-Fried built a huge crypto fortune at an astonishing speed. He has earned it through trading firm Alameda Research, which manages $2.5 billion in assets, and crypto derivatives trading platform FTX.
Bankman-Fried embraces a philosophy called Effective Altruism. His goal is to make as much money as he can so that he can give away as much as possible. In 2020, he gave $5 million to a pro-Biden super PAC, making him one of the president’s biggest donors.
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10. Jonathan Kwok
Name – Jonathan Kwok
Age – 29
Net Worth – $2.4B
Source of Income – Real Estate
Country – Hong Kong
At the age of 29, Jonathan has a net worth of $2.4 Billion through real estate based out of Hong Kong. Jonathan and his older brother, Geoffrey, 35, each inherited from their late father Walter Kwok (d. 2018) a portion of his stake in Hong Kong property developer Sun Hung Kai Properties.
Walter was ousted as chairman of Sun Hung Kai in 2008 as the result of a feud with his brothers Thomas and Raymond Kwok. He then started property developer Empire Group Holdings, which Jonathan and Geoffrey now run.
We hope these 10 youngest billionaires in 2021 give you some inspiration to streamline your energies and invest your time in working for some valuable and useful products or services. The Net worth is calculated as of March 2021.
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Youngest Billionaires: FAQ
Who is the Youngest Billionaire in the World in 2021
Kevin David Lehmann
At the age of 18 years, Kevin David Lehmann has a net worth of $3.3 Billion. His business is Drugstores out in the country of Germany.
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