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The World’s Billionaires Under 30

via Forbes: In 2018, there were nine billionaires under the age of 30 among 2,208 billionaires on Forbes’ World’s Billionaires list. These wealthy men and women had a combined net worth of $17.9 billion (calculated as of February 9, 2018).

Geographically there were three billionaires under 30 years from Norway, while the U.S and Ireland had two each and one billionaire each from Germany and China.

The majority of these young billionaires under 30 have inherited wealth from their families. Only four billionaires out of nine are self-made, generating their fortunes from the tech sector.

Snapchat cofounder Bobby Murphy, 29-year old is the richest billionaire under 30 with a net worth of $4.2 billion, followed by his Stanford University fraternity brother and Snapchat Cofounder & CEO Evan Spiegel who had a net worth of $4.1 billion.

But Snapchat cofounders’ net worth have dropped 40% to $2.5 billion as of May 5, 2018 compared to February 9, 2018 when Forbes calculated their net worth. Despite the recent drop, they are still the richest billionaires under 30.

The third richest billionaire under age of 30 on the Forbes list is the Norwegian Gustav Magnar Witzoe who inherited nearly half of Salmar ASA, one of the world’s largest salmon producers. Forbes estimates his net worth at $1.9 billion, and it increased recently to $2.9 billion.

The only female billionaires under 30 are the two Norwegian sisters Alexandra Andresen and Katharina Andresen who are also the world’s youngest billionaires at ages 21 and 22 respectively. The pair inherited 42% of the family-owned investment company Ferd, with a net worth of $1.4 billion for each.

Forbes used stock prices and exchange rates from February 9, 2018 to calculate net worth.

Bobby Murphy

Age: 29

Nationality: American

Net worth: $4.2 B

Source of wealth: Snapchat (Self-made)

In 2011, Bobby Murphy cofounded social media app Snapchat with a Stanford University fraternity brother Evan Spiegel. The app lets users share disappearing messages or photos and videos with captions, masks and filters. Most of Snapchat’s 170 million daily users are between the ages of 18 and 34. Murphy, Snap’s Chief Technology Officer, recently lost 40% of his net worth to $2.5 billion, following a weak earnings report. But they are still the richest billionaire under 30.

Evan Spiegel

Age: 27

Nationality: American

Net worth: $4.1 B

Source of wealth: Snapchat (Self-made)

Spiegel became the youngest public company CEO when Snap began trading in March 2017. Spiegel, the second richest billionaire under 30, built Snapchat with his Stanford University fraternity brother Bobby Murphy. Each one owns about 18% of Snap but have voting shares that give them control over the board. Most of Snapchat’s 170 million daily users are teens and millennial and use Snapchat to send disappearing messages. Spiegel recently lost roughly 40% of his net worth, following a weak earnings report.

Gustav Magnar Witzoe

Age: 25

Nationality: Norwegian

Net worth: $1.9 B

Source of wealth: Fish Farming

Gustav owns nearly half of Salmar ASA, one of the world’s largest salmon producers. His stake was gifted to him in 2013 by his father, Gustav Witzoe, who founded the company in 1991. The elder Witzoe still runs the company, which led the industrialization of fish farming in Norway. Meanwhile, Gustav Magnar is trying to make his own mark by investing in real estate and tech startups.

Ludwig Theodor Braun

Age: 28

Nationality: Germany

Net worth: $1.7 B

Source of wealth: Medical Technology

Ludwig Theodor Braun owns 10% of the medical device company B. Braun Melsungen, which began in 1839 as a small pharmacy that sold herbal remedies. His father, Ludwig Georg Braun, took the reins in 1977, when the company had just $24 million in annual sales (now around $6.5 billion). Today, B. Braun manufactures products ranging from infusion and injection solutions to surgical instruments, with 58,000 employees globally.

Alexandra Andresen

Age: 21

Nationality: Norwegian

Net worth: $1.4 B

Source of wealth: investments

She is the world’s youngest billionaire at age 21. Alexandra and her sister Katharina, one year her senior, each inherited 42% of the family-owned investment company Ferd which runs hedge funds, and an active investor on the Nordic stock exchange, and has private equity investments. Andresen’s father Johan still runs the company and controls 70% of the votes via a dual-class share structure. The Norway heiress is already an accomplished horse rider, winning several massive competitions.

Katharina Andresen

Age: 22

Nationality: Norwegian

Net worth: $1.4 B

Source of wealth: investments

Born in 1995, she is the world’s second youngest billionaire; older by a year to her sister Alexandra. Katharina and her sister, one year her junior, each inherited 42% of the family-owned investment company Ferd which runs hedge funds, and an active investor on the Nordic stock exchange, and has private equity investments.

Wang Han

Age: 30

Nationality: chinses

Net worth: $1.2 B

Source of wealth: Airlines

Wang Han’s wealth mainly comes from shares in Juneyao Air that he inherited from his deceased father Wang Junyao, the founder of Juneyao Group. Juneyao also has business interests in retailing, education and food.

John Collison

Age: 27

Nationality: Irish

Net worth: $1 B

Source of wealth: Stripe

John Collison is cofounder and president of Stripe, the company that lets businesses and individuals easily accept payments over the internet. He and his brother Patrick hatched the idea for Stripe while both were in college in Boston, and the company’s first payment was processed while both were on vacation in South America. In November 2016 Stripe closed a $150 million funding round that valued the business at $9.2 billion. John was born and raised in the countryside near Limerick, Ireland, where his parents ran a lakeside hotel.

Patrick Collison

Age: 27

Nationality: Irish

Net worth: $1 B

Source of wealth: Stripe

Patrick Collison is the cofounder and CEO of Stripe, the company that lets businesses and individuals easily accept payments over the internet. In November 2016, Stripe closed a $150 million funding round that valued the business at $9.2 billion. He and his brother John hatched the idea for Stripe while both were in college in Boston. Stripe’s first payment was processed while the Collison brothers were on vacation in South America. Stripe’s big-name investors include the billionaire Elon Musk and PayPal cofounder Peter Thiel.

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