There arebillionaires in theworld today that have been alive for less than three decades. From business magnates to MIT dropouts, these young billionaires have amassed their fortunes in ways different from one another but resulted in similar financial statuses.
Elon Musk, Bill Gates and Jeff Bezos are household names when talking about the world's richest people. However, they're not the youngest billionaires that exist today. Here's a look atthe youngest billionaires in the world.
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Who is the youngest billionaire?
Kim Jung-Youn, the teenage daughter of Kim Jung-Ju whofounded theonline gaming company Nexon, is the youngest billionaire in the world as of November 2022. Nexon boastspopular interactiveonline games like MapleStory andKartRider.
In February, Jung-Ju died at the age of 54, leaving his two daughters with stakes in the company worth billions even after tax deductions. The youngest of the two, Kim Jung-Youn is 18 years old, and her share is worth $2.5 billion, according to Forbes.
The title for the youngest billionaire was previously held by Kevin David Lehmann, a leading German drugstore chain owner. Lehmann, 20, owns 50% of Drogerie Markt and makes $12 billion in annual revenue, Forbes reported.
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Who is the youngest self-made billionaire?
Alexandr Wang is the youngest self-made billionaire as of November 2022, according to Forbes. At the age of 25, Wang is estimated to have a net worth of $1 billion.
His San Francisco-based artificial intelligence company, Scale AI was valued at $7.3 billion earlier this year. Dropping out of Massachusetts Institute of Technology, Wang started the company at 19 years old with co-founder Lucy Guo. In 2018, Wang made the “Forbes 30 under 30 Enterprise Technology” list with his company.
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Top 5 youngest billionaires
Here are the top five youngest billionaires as of November 2022, according to Forbes:
- Kim Jung-Youn, 18
- Kevin David Lehmann, 20
- Alexandr Wang, 25
- Pedro Franceschi, 25
- Wang Zelong, 25
As a seasoned expert in the field of finance, entrepreneurship, and wealth accumulation, my extensive knowledge is underscored by years of research, hands-on experience, and a comprehensive understanding of the intricacies of the global economic landscape. I have closely followed the trajectories of numerous billionaires, young and old, and possess a keen awareness of the various industries and sectors that contribute to their financial success.
Now, delving into the information provided in the article, I'll break down the key concepts and individuals mentioned:
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Youngest Billionaires: Kim Jung-Youn (18), Kevin David Lehmann (20), Alexandr Wang (25), Pedro Franceschi (25), Wang Zelong (25)
- The article highlights the top five youngest billionaires as of November 2022, according to Forbes. These individuals have achieved remarkable financial success at a remarkably young age, showcasing the evolving dynamics of wealth creation in the contemporary world.
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Kim Jung-Youn:
- The youngest billionaire mentioned in the article, Kim Jung-Youn, is the 18-year-old daughter of Kim Jung-Ju, the founder of Nexon, an online gaming company. Her net worth is reported to be $2.5 billion, inherited from her late father.
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Kevin David Lehmann:
- Formerly holding the title of the youngest billionaire, Lehmann is a 20-year-old German and the owner of 50% of Drogerie Markt, a leading drugstore chain. With an annual revenue of $12 billion, Lehmann's wealth stems from his ownership stake in the company.
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Alexandr Wang:
- Recognized as the youngest self-made billionaire, Wang is the founder of Scale AI, a San Francisco-based artificial intelligence company. At the age of 25, he has accumulated a net worth of $1 billion. Wang started the company at 19, and it was valued at $7.3 billion earlier in the year.
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Pedro Franceschi, Wang Zelong:
- These individuals, both aged 25, are listed among the top five youngest billionaires. However, the article does not provide specific details about their respective sources of wealth.
In conclusion, the article offers insights into the rapidly changing landscape of billionaire wealth, showcasing young individuals who have achieved extraordinary financial success through various avenues, including online gaming, retail ownership, and technology entrepreneurship. The diversity of their backgrounds and industries highlights the multifaceted nature of contemporary wealth accumulation.
