Most persons who become billionaires are far past their formative years, but Forbes identified
10 billionaires under the age of 30 in 2021. These ten billionaires have a combined net worth of $29.5 billion and come from diverse backgrounds.
From the oldest to the youngest, here’s a quick overview of this group.
10. Jonathan Kwok.
The 29-year-old and his older brother inherited a share of their father’s ownership in Hong
Kong property developer Sun Hong Kai Properties, which has a net value of 2.4 billion dollars.
9. Sam Bankman Freed.
Sam Bankman, who was freed with 8.7 billion dollars, is ranked ninth. Bankman Freed is a 29-
year-old entrepreneur who made his money through cryptocurrency. He founded both
Alameda Research, a trading firm that manages 2.5 billion in assets, and FTX, a derivative
trading platform.
8 & 7. Andy Fang and Stanley Tang.
Both number eight and number seven come from a food delivery service. Andy Fang and
Stanley Tang, co-founders of Doordash, are both 28 years old and worth $2 billion. The
company was launched in 2013, but during the Covid-19 outbreak, it grew in popularity and
value. It was also available to the general public in December 2020.
6. Gustav Magnar.
Gustav Magnar, a 27-year-old with a net worth of 4.4 billion dollars, is ranked sixth. His income
stems from his ownership of roughly half of the Norwegian salmon company Salmar Asa. It was
discovered by his father in 1991. Because of the company’s great market performance, his
fortune nearly doubled in the last year.
5. Austin Russell.
Austin Russell, a 26-year-old with a net worth of $2.4 billion, is ranked fifth. After winning a
hundred thousand dollar teal fellowship to create luminar technologies, which develops sensors
and other equipment for self-driving automobiles, he was dropped out of Stanford in 2012.
Russell controls nearly a third of luminar, which became public in December 2020 through a
spac merger.
4 & 3. Katharina Andreessen & Alexander Andreessen.
Norway is credited for numbers four and three. Katharina Andreessen, 25, is worth 1.4 billion,
and Alexander Andreessen, 24, is worth 1.4 billion. The sisters work for Ferd, a Norwegian
financial firm run by their father that generates over 2 billion in annual sales.
2. Wang Xe Long.
Wang Xe Long, a 24-year-old Chinese businessman worth 1.5 billion dollars, is ranked second.
Wang inherited an interest in CNNC Hua Huan Titanium Dioxide Co., which is listed on the
Shenzhen Stock Exchange, valued at more than 1.3 billion dollars. Plastic coatings, ink, and
other materials are the company’s product.
1. Kevin David Layman.
Kevin David Layman, an 18-year-old with a net worth of $3.3 billion, is ranked first. This happened after he received his father’s 50 percent ownership in a German pharmacy business.