Top 10 Richest People Under 35
Many people, even at the age of 35, are still trying to figure out what they want to do with their lives. However, there are some brilliant entrepreneurs who ... read more...are already billionaires before they reach the age of 30. They've either found out how to make a lot of money or have inherited a lot of money from their family. A rise in entrepreneurs, particularly those who founded technology businesses, has resulted in a slew of new billionaires around the world. The ten richest people under 35 in the world are listed below.
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With an estimated net worth of $8.7 billion, Sam Bankman-Fried is one of the world's richest people under 35. He amassed his vast crypto wealth at breakneck speed, having founded both Alameda Research, a trading firm with $2.5 billion in assets under management, and FTX, a crypto derivatives trading platform. Effective Altruism is an ideology that Bankman-Fried adheres to.
His goal is to make as much money as possible to give as much as possible away. He provided $5 million to a pro-Biden super PAC in 2020, making him one of the president's most generous donors.
Age: 30
Net Worth: $24 Billion
Source of Wealth: Crypto Trading
Country: United States
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Lukas Walton is a rich heir from the United States. He is the grandson of Walmart's founder, Sam Walton. When Lukas Walton's father, John Walton, died in an aircraft crash in 2005, he inherited his inheritance. About a third of his father's estate went to him.
Lukas Walton is a shareholder in Walmart, First Solar, and Arvest Bank, however, he is not employed by any of them. Walton has given at least $149 million to the Walton Family Foundation, where he leads the environment program committee.
Age: 35
Net Worth: $17.6 Billion
Source of Wealth: Walmart
Country: United States
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John Collison is an Irish billionaire entrepreneur and the co-founder and President of Stripe, which he and his brother Patrick co-founded in 2010.
By making it simple to conduct transactions from anywhere, the online payments company is expanding internet commerce. He attributes his company's success to having a product rather than just an idea.
Age: 31
Net Worth: $9.5 Billion
Source of Wealth: Stripe
Country: Ireland
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Known as one of the richest people under 35, Patrick Collison is a rich Irish businessman. Stripe, which he co-founded with his younger brother, John, in 2010, is his co-founder and CEO. The online payment gateway allows businesses and individuals to accept online payments.
While both Patrick and his brother John were attending MIT in Cambridge, they came up with the idea for Stripe. While the Collison brothers were on vacation in South America, Stripe received its first payment.
Age: 33
Net Worth: $9.5 Billion
Source of Wealth: Stripe
Country: Ireland
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Bobby Murphy is an internet entrepreneur from the United States and one of the co-founders of SnapChat Inc, a very successful social media platform.
Murphy, Snap's Chat Chief Technology Officer, collaborated with Evan Spiegel, a Stanford University fraternity mate, to create the popular social networking app.
Murphy and his partner Spiegel own more than 30% of Snap, but they have voting shares that give them authority over the board of directors. Since the introduction of Snapchat. Murphy has made a $30 million real estate investment and still owns around 18 percent of SnapChat Inc.
Age: 33
Net Worth: $7.5 Billion
Source of Wealth: Snapchat
Country: United States
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At the age of 25, Snap CEO Evan Spiegel became a billionaire. 293 million people use Snapchat every day to send vanishing photographs and videos. In 2011, Spiegel and Bobby Murphy, a Stanford University fraternity buddy, founded the startup. Murphy and Spiegel hold around a quarter of Snap, but they have voting shares that allow them to dominate the board of directors.
He earned a B.S. in product design from Stanford in 2018, six years after dropping out to launch Snapchat. More than $280 million in Snap stock has been donated by Spiegel. He and Murphy have committed to giving the Snap Foundation 13 million shares.
Net Worth: $7.1 Billion
Source of Wealth: Snapchat
Country: United States
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Gary Wang is the co-founder and chief technical officer of FTX, a cryptocurrency exchange. Wang, an MIT graduate, worked at Google, where he built systems to aggregate pricing across millions of flights, before forming FTX with fellow billionaire Sam Bankman-Fried in 2019.
FTX is a major exchange for buying and selling crypto derivatives, built "by traders, for traders." Wang owns around 16 percent of the exchange, which raised $400 million in January 2022 at a $32 billion valuation, and roughly 18 percent of its $8 billion U.S. business.
Age: 28
Net Worth: $5.9 Billion
Source of Wealth: Cryptocurrency
Country: United States
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Gustav Magnar Witzoe controls roughly half of the Norwegian salmon business SalMar ASA, which his father began in 1991.
Thanks to SalMar's great market performance, Witzoe's fortune virtually doubled in the last year. His father gave him a stake in the company in 2013. Witzke is both a property investor and a founder of a technological business. He has invested in both Gopi and Keybutler and formerly worked for MGM Property.
Age: 28
Net Worth: $4.5 Billion
Source of Wealth: Fish Farming
Country: Norway
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Kevin David Lehmann, who is 18 years old and with a net worth of $3.3 billion, is the world's youngest billionaire. He owns half of dm (drogerie markt), Germany's largest drugstore chain, which generates over $12 billion in annual revenue.
Kevin David Lehman's father, Guenther Lehmann, left him shares in the German pharmacy chain drogerie markt. Guenther Lehmann, his father, gave his son a part in the German drugstore chain drogerie markt when he was 14, but it remained in trust until his 18th birthday in September 2020.
The leading drugstore chain in Germany, Drogerie Markt, is the basis of Lehmann's wealth. It was established in 1974. According to the company's website, it employs over 41,000 individuals in over 2,000 locations across Germany.
Age: 19
Net Worth: $2.4 Billion
Source of Wealth: Drugstores
Country: Germany
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Joseph Lau is the last richest person under 35 in this list. He is former chairman of Chinese Estates, a property developer that he bought outright in 1986. However, the majority of his wealth currently comes from Hong Kong's top real estate assets.
He is an enthusiastic art collector, and his fortune includes works by Warhol, Gauguin, and Hockney worth at least $1 billion. In 2006, he became a millionaire, and his brother Thomas is a billionaire as well. Joseph Lau stated in 2017 that he had donated the majority of his wealth to his wife and son due to serious health difficulties.
Joseph Lau is the co-founder of Alchemy, a blockchain-based Web3 company whose software supports thousands of businesses. Alchemy was founded in 2020 and was valued at $10.2 billion by private investors in February 2022; Viswanathan controls an estimated 26 percent interest.
Age: 32
Net Worth: $2.4 Billion
Source of Wealth: Alchemy
Nationality: United States