Murphy played a key role in developing the technology behind the app and has been instrumental in its success. Like Spiegel, Murphy became a billionaire when Snap Inc. went public in 2017, and he continues to play top 10 youngest billionaires in the world a crucial role in the company’s growth and innovation. From inherited wealth to new-age industries like online gaming and e-commerce, these young achievers show us there’s no one path to phenomenal wealth and success. Gustav Magnar Witzoe holds a significant share in Salmar ASA, one of the world’s largest salmon producers, given to him by his father. His wealth got a substantial boost with the boom in the global demand for salmon.
- At 23, Kim Jung-min is the elder sister of Kim Jung-youn (#4) and likewise an heiress to the Nexon online gaming fortune.
- John Collison with a net worth of $2.1 billion, co-founded the software company Stripe with his older brother (who also made it in the list).
- The Luxembourg-based holding company owns a significant stake in EssilorLuxottica—the world’s largest eyewear firm, founded by Leonardo himself.
- At 27, Maximilian keeps a very low public profile, much like his siblings – none of them are known to have operational roles at Boehringer Ingelheim.
Following his passing in 2022, the sisters each inherited a 9% stake in NXC, the holding company that remains the largest shareholder in Nexon. Lisa Draexlmaier is a German businesswoman and the heiress to the Draexlmaier Group, a global automotive supplier specializing in interior systems and electric mobility. Draexlmaier inherited a significant stake in the family business and has since played a key role in its operations and growth.
Q5: How do these young billionaires contribute to philanthropy and social causes?
- Furtwangler and her older brother Jacob were each given a 37.4% stake in the family’s media company by their father.
- Mukesh Ambani who was once in the top 10 richest people in the world has now been dropped in ranking.
- India now has 284 billionaires, 13 more than last year, according to Hurun’s Global Rich List.
- Spiegel launched Snapchat while still a student at Stanford University and quickly grew the app into a global phenomenon.
The richest 30-and-under—by far—is Red Bull heir Mark Mateschitz, whose father Dietrich died in October 2022. With an estimated $34.7 billion fortune, he’s worth nearly ten times more than the next-richest young billionaires, Clemente Del Vecchio and his two siblings. Mateschitz is the richest of all 150 newcomers to the 2023 billionaires list. Besides that, he has a flourishing career in the pharmaceutical industry too. Most people want to be scientists, some want to be engineers, others want to be writers, doctors, actors, musicians and so on.
Net Worth – $1.76 BillionFounded – Media.netEducation – Graduated from Narsee Monjee College of Commerce and Economics
Spiegel, named the youngest billionaire in the world in 2015, co-founded the company when he was a student at Stanford. John Collison with a net worth of $2.1 billion, co-founded the software company Stripe with his older brother (who also made it in the list). John came up with the idea for the company, which is valued at $20.25 billion after a major funding round in 2018 while attending college in MIT. His father established the German drugstore chain dm-drogerie markt, and Kevin inherited 50% of the company’s shares when he was 18 years old, making him a billionaire. Currently, he is 19 years old and a student at the University of Hamburg, studying economics. Kevin leads a modest lifestyle, and his enormous wealth has not made him indulge in an extravagant way of living
WEG Industries is one of the major makers of electrical motors and industrial automation equipment in Latin America. She was born into the affluent Voigt family of Brazil, and she currently has a stake in the company that is worth $1.2 billion. Kim Jung-youn inherited a substantial portion of NXC, the holding company that owns Nexon, a global leader in online gaming. She and her sister, Kim Jung-min, each hold about 18% of NXC, which was passed down after the death of their father, Kim Jung-ju, in 2022. Despite their vast wealth, neither sister is actively involved in Nexon’s operations.
Maxim Tebar – Age 24, Germany, Net Worth: $1.2 Billion
After his father’s passing in 2022, Clemente inherited a 12.5% stake in Delfin, the family’s Luxembourg-based holding company. Through Delfin, Clemente’s wealth ties to major holdings in EssilorLuxottica, insurer Generali, banks like Mediobanca and UniCredit, among others. For now, he remains a beneficiary of the booming eyewear and finance investments his father built.
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Jonathan has been in charge of the company since then, and he has become the 8th world’s youngest billionaire. At the age of 30, his net worth is believed to be approximately $2.4 billion. He is a Hong Kong citizen who studied business administration at Cornell University. Despite the fact that her family business has inherited the majority of her money, she has been on the cover of Forbes for three years in a row. She was given 42 percent of her father’s investment firm, Ferd, in 2007, just like her sister, and currently has a net worth of $1.4 billion.
By expanding its operations in over 160 countries, the company has reinforced its position as the world’s best-selling chainsaw brand. Kim Jung-youn, the younger daughter of Kim Jung-ju, the founder of Nexon, the global gaming giant, is next on the list. After inheriting a 9% stake in NXC, the parent company of Nexon, she became the fourth youngest billionaire in the world. She is not actively involved in the company’s operations, and not much information about her private lifestyle is known because of her low public profile. The youngest heir of WEG, the famous Latin American electrical motors manufacturer, which was co-founded by her grandfather, Werner Ricardo Voigt. Currently, she is pursuing her university studies in psychology and does not hold any position in her family business.
When Magnar Witzøe turned 18, his father made him SalMar’s main shareholder for inheritance tax purposes. Apart from working at SalMar, Magnar Witzøe is also a tech startup owner and property investor. He has previously worked for MGM property and invested in Gopi and Keybutler, a platform that serves as a hybrid between private short-term apartment rentals and hotels.
At present, he is the CTO of the Doordash company which he co-founded in 2013. Andy is responsible for product vision, a roadmap of technology, and architecture. The stock market performance of Doordash is always fruitful and profitable. Francoise Bettencourt Meyers, the French heiress is the richest woman in the world. It is a Brazilian laboratory firm, which operates a food testing unit, advertising, publishing, human resources services, and research entities. Over the past year, the company has seen its shares nearly triple that is the major factor behind Pedro’s increased net worth.
Dynamic Business Leaders to Watch in 2025
The 23-year-old Franz von Baumbach ranks just five places behind his brother Johannes on the list. With a net worth of $5.4 billion, his wealth also comes from Boehringer Ingelheim, a pharmaceutical giant employing 53,000 people. Even so, the extent of Franz and his siblings’ involvement in the company remains unknown. Johannes von Baumbach is noted as the youngest billionaire in the world, with an estimated net worth at $5.4 billion. He, and his other three siblings, inherited the German pharmaceutical company Boehringer Ingelheim founded by Albert Boehringer in 1885.
Evan Spiegel is the co-founder and CEO of Snapchat, a popular social media platform known for its disappearing messages and filters. Spiegel launched Snapchat while still a student at Stanford University and quickly grew the app into a global phenomenon. In 2017, Snap Inc., the parent company of Snapchat, went public in one of the largest tech IPOs in recent history, catapulting Spiegel to billionaire status at the age of 27. No—every billionaire under 30 on the 2025 list inherited a fortune, marking the first year without a self-made entrant in this age bracket.