He decided later not to join the company and was indemnified with close to $158 million after suing his former colleagues. There are already more billionaires than ever before (2,781), and the number is expected to soar in the coming years as an elderly generation of super-rich people prepare to give their fortunes to their children. There are no self-made billionaires under the age of 30 on Forbes’ list of the world’s richest, for the first time in 15 years. Coinbase stock has increased 123% since last year’s list, more than doubling the fortune of the cryptocurrency exchange’s cofounder.

Fred Ehrsam, Coinbase cofounder

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Age: 41 Net worth: $8 billion Source of wealth: Cryptocurrency

1. She and her older sister, Dora Voigt de Assis, 26, are two of seven fresh faces among the 25 youngest billionaires, and two of 18 heirs among this set.
2. Most of the youngest billionaires inherit wealth from their families.
3. Still, these heirs and heiresses aren’t just sitting on the money they get from their forebears.
4. Following his father’s demise, Luca, like his brother, Clemente, inherited a 12.5 percent stake in the Luxembourg-based holding company Delfin.
5. By diversifying her investments and engaging in philanthropy, she appears to set a dynamic example of how young billionaires can shape their financial legacies and contribute meaningfully to the world.
6. Two-thirds of the list members are wealthier compared to the previous year, including Mark Zuckerberg, whose net worth increased by $112.6 billion.

Others, like Snap cofounders Evan Spiegel, 34, and Bobby Murphy, 36, have dropped from the ranks as their companies have languished. Then there are the flameouts, like FTX’s Sam Bankman-Fried, 32, now broke and serving a 25-year prison sentence for fraud and conspiracy. Like his brother Firoz, his wealth comes from a 4.6% stake in the Tata conglomerate as well as a 25% stake in construction giant Shapoorji Pallonji Group. He and Firoz have been taking on leadership roles in the debt-laden SP Group and helping to reorganize it in the wake of their father’s death. Though he and his brothers are Irish citizens, they live in Mumbai, where both the SP Group and Tata are based. Moved by the experience of his grandfather, who was forced to close his real estate business because he didn’t have a successor, Sagami, who got his start in advertising, launched M&A Research Institute Holdings in 2018.

The founders of Google, Sergey Brin and Larry Page, became billionaires at age 30. The owner and president of beloved West Coast fast-food chain In-N-Out, Snyder became a billionaire on her 35th birthday, in 2017, when she received the final portion of her stock in the $2.1 billion (estimated sales) business. Regardless of how they came by their wealth, today’s young billionaires are not just building empires; they are shaping the future. They remind us that dreams can come true when pursued with passion and perseverance.

It went public earlier this summer, which sparked a wave of criticism from institutional investors. While his father continues to manage Salmar ASA, Gustave has devoted part of his equity to financing technology startups. For example, in 2017 he invested in Gobiand, the Norwegian Snapchat competitor and in Key Butler, an online service that helps owners rent their homes on Airbnb. On Forbes’ overall list, he is at position 1,248, and like a few of them in the ranking, he tends to share his life on Instagram where he has more than 52,200 followers.

Jung-youn and her sister own roughly 9% of the South Korean-Japanese online game developer, Nexon, through a pair of holding companies, although neither is involved in the firm. The assets from those companies, plus millions in dividends, comprise their fortune, left to them by their late father. Like his brother, Firoz, Zahan has a 4.6% stake in the Tata conglomerate as well as a 25% stake in construction giant Shapoorji Pallonji Group. Although he and his brothers are Irish citizens, they live in Mumbai, where both the SP Group and Tata are based. Worldwide, there are 2,781 billionaires worth a record 14.2 trillion, according to Forbes World’s Billionaires list. Kushner, who married model Karlie Kloss in 2018, started VC firm Thrive Capital, which has an impressive track record of investing in tech startups, including Instagram, Spotify and Slack.

The China when their parents became billionaires recorded double-digit GDP growth — a boom that made it possible for Chinese billionaires to collectively build up US$1 trillion of wealth. Baiju Bhatt cofounded Robinhood, the company behind the stock trading app of the same name, back in 2013. In the eight years since, Robinhood became the standard in mobile stock trading.

Most recently, she was appointed as the new chairwoman and chief executive officer. Nonetheless, the heirs of China’s billionaires were born on silver platters. And they’re ready to hand the reins — and a total wealth of over US$120 billion — over earlier than previous generations. Her approach reflects a blend of preserving and expanding her family’s legacy while making a positive impact on society. By diversifying her investments and engaging in philanthropy, she appears to set a dynamic example of how young billionaires can shape their financial legacies and contribute meaningfully to the world. Still, these heirs and heiresses aren’t just sitting on the money they get from their forebears.

Age: 21 Citizenship: Germany Source of Wealth: Drugstores Net Worth: $3.3 Billion

Both Garcia and his father have become billionaires through the company, with profits surging particularly throughout the pandemic as demand for used cars skyrocketed. Ben Silbermann serves as the CEO of Pinterest, and was also a cofounder of the company back in 2010. Originally from Iowa, Silbermann amassed his fortune when Pinterest went public in April 2019. Worth $1 billion each, the collisons share the same spot in Forbes’ billionaire list – 2,124th and are ranked 15th in America’s entrepreneurs under 40 list (both live in California, where they launched Stripe in 2011). On the roster, there are eight well-heeled individuals who have yet to turn 30.

Where did the heirs of Chinese billionaires go to uni?

1. Her father founded the group, which produces one-fifth of the world’s solar glass.
2. Leonardo Del Vecchio, the visionary founder of the company, passed away in 2022, leaving a substantial fortune that has significantly impacted his heirs.
3. Around the globe, 14 individuals have reached a net worth of over $1 billion despite being 30 years old or younger — and the youngest billionaire is still in her teens.
4. Just 19 years old and still in college, she’s worth an estimated $1.1 billion thanks to her minority stake in the electrical equipment producer WEG, which her late grandfather cofounded.
5. The owner and president of beloved West Coast fast-food chain In-N-Out, Snyder became a billionaire on her 35th birthday, in 2017, when she received the final portion of her stock in the $2.1 billion (estimated sales) business.
6. Her grandfather, Werner Ricardo Voigt, co-founded the company along with late billionaires Eggon Joao da Silva and Geraldo Werninghaus.

“China’s entrepreneurs are thinking about succession five to 10 years earlier than they used to. They are seeing more paradigm shifts in the economy and business environments,” Hao Gao, director of Tsinghua University’s PBCSF Research Center for Global Family Business, told Bloomberg. These are the names of some Chinese billionaires whose financial successes have been nothing short of astronomical.

Age: 32 Citizenship: Hong Kong Source of Wealth: Real Estate Net Worth: $2.4 Billion

The brothers inherited their stakes when their 54-year-old father died in 2022 in a car accident. Clemente is in second place on the list of the top ten youngest billionaires in the world. He is one of the offspring of the late Leonardo Del Vecchio, who served as the chairman of EssilorLuxottica until his passing in 2022. Following his father’s demise, he acquired 12.5 percent ownership in the Luxembourg-based holding company Delfin. Delfin’s portfolio includes EssilorLuxottica holdings, shares in insurer Generali, banks like Mediobanca and UniCredit, and real estate developer Convivio.

Italy’s Clemente Del Vecchio, 19, received a hefty stake in the Italian-French maker of Ray-Ban, EssilorLuxottica, after the 2022 death of Leonardo Del Vecchio. His brothers Leonardo Maria, 28, and Luca, 22, also inherited fortunes, as did three older siblings. Then there’s Sophie Luise Fielmann, 29, German heiress to Fielmann AG, an eyeglasses fortune left by her father, Günther Fielmann, who died in January at age 84. Livia Voigt is one of the largest individual shareholders of WEG—the largest manufacturer of electrical motors in Latin America. Her grandfather, Werner Ricardo Voigt, co-founded the company along with late billionaires Eggon Joao da Silva and Geraldo Werninghaus. WEG is a publicly traded multinational with factories in over ten countries.

Braun, which started its journey in 1839 as a small drug store that top 10 youngest billionaires in the world sold home and herbalist-style remedies. His father, Ludwig Georg Braun, took control of the company in 1977 when he invoiced $24 million annually, in contrast to the $6.5 billion of revenues today. Like her sister Dora, she owns 3.1% of WEG, a leading  maker of electric motors. She is currently enrolled in university and is completing coursework in psychology.