18-year-old leads Forbes' 2021 list of world 10 youngest billionaires

18-year-old leads Forbes' 2021 list of world 10 youngest billionaires

Austin Russell had dropped out of university in 2012 to set up his company, Luminar Technologies thanks to a $100,000 fellowship from a billionaire tech investor Peter Thiel. Now aged 26, he is one of the youngest billionaires in the world but not the first on the list.

PAY ATTENTION: Legit.ng is on a mission to support vulnerable children of Calabar – join the initiative on Patreon, let’s change more lives together!

18-year-old Kevin David Lehmann tops the 2021 list of youngest billionaires, according to Forbes'.

Legit.ng brings to you top 10 list of youngest ladies and gents who are in the three comma club and the source of their wealth.

18-year-old leads Forbes' 2021 list of world 10 youngest billionaires
Forbes' list of world 10 youngest billionaires led by 18-year-old German teenager Photo Credit: Jason Mandez, marketwatch, Phnom Penh HR
Source: Getty Images

1. Kevin David Lehmann

Kevin David Lehmann debuted on the youngest billionaires list following his taking over of the 50% stake in German drugstore chain drogerie markt in September 2020, according to Business Insider.

Read also

Mozzart Bet buys Cristiano Ronaldo's Armband in a humanitarian auction

The 18-year-old German is worth $3.3 billion at the moment, Forbes latest report posits.

2. Wang Zelong

24-year-old Wang Zelong is second on this list. The Chinese currently worth $1.5 billion had inherited a stake in CNNC Hua Yuan Titanium Dioxide Co., which trades on the Shenzhen stock exchange pegged at $1.3 billion.

3. Alexandra Andresen

Alexandra Andresen, 24, got her wealth from an investment firm. She inherited 42% of Ferd, a Bærum, Norway-based investment company that is said to be run by her father.

The business outfit gives a yearly revenue of $2 billion. Alexandra is $1.4 billion in worth.

4. Katharina Andresen

25-year-old Katharina Andresen like her sister in third place also got an inheritance of 42% of the Norway-based investment firm, Ferd. She is worth $1.4 billion.

5. Austin Russell

Austin Russell who had dropped out of the University of Stanford in 2012 comes in 5th place with a net worth of $2.4 billion. He owes his wealth to his automatic car tech firm, Luminar Technologie he had set up thanks to a $100,000 fellowship from tech billionaire Thiel.

Read also

Top 5 Nigerian 'billionaires' who make their money from oil, Folorunsho Alakija is only woman on the list

Though the company entered a merger in December 2020, he still owns one-third of it.

6. Gustav Magnar Witzoe

Gustav Magnar Witzoe made his wealth thanks to his fish business. The 27-year-old is worth $4.4 billion. He owns more than half of SalMar ASA, a company his father founded in 1991.

7. Andy Fang

Andy Fang is 28 years old and got his wealth from his DoorDash company. The United States man is worth $2 billion.

8. Stanley Tang

Stanley Tang co-founded the food delivery app, DoorDash with Andy Tang in 2013. Tang, 28, who had served as the company's chief technology officer is also worth $2 billion.

9. Sam Bankman-Fried

Sam Bankman-Fried, 29, is a crypto magnate. The United States man owns the trading firm Alameda Research and crypto derivatives trading platform FTX. He is worth $8.7 billion.

10. Jonathan Kwok

29-year-old Jonathan Kwok, worth $2.4 billion is a real estate businessman. He started property developer Empire Group Holdings which he runs with his older brother, Geoffrey.

Read also

7 richest people in Africa 2021, their net worth and age as Dangote, other Nigerians dominate list

This is after he - along with his older brother - had inherited his late father's stake in Hong Kong property developer Sun Hung Kai Properties.

PAY ATTENTION: Click “See First” under the “Following” tab to see Legit.ng News on your Facebook News Feed!

Meanwhile, Legit.ng earlier reported about the 5 youngest millionaires in Nigeria in 2021 and the stories behind their wealth.

39-year-old Jason Njoku came in at number 5. The businessman is the founder of Spark, a $2 million worth business outfit, according to nigeriafinder.com, that is concerned with making investments in local internet start-ups.

The Nigerian movie maker is also a big player on the continental scene with investments in African startups. Plus, he is a co-founder of one of Nigeria's leading video platforms for Nollywood movies, iROKOtv.

Source: Legit.ng

Online view pixel