Here we will discuss Who is youngest billionaire in the world Entrepreneur?
Who is youngest billionaire in the world Entrepreneur?
1. Ritesh Aggarwal
Ritesh Agarwal is an Indian billionaire entrepreneur and the founder and Chief executive officer of Oyo Rooms. He is the world’s second youngest billionaire in 2020. This young billionaire has also received the Business World Young entrepreneur Award. Today his brand is as big as its international counterpart (AirBnB). He is the top-notch example that has evolved age gap synopsis. At the age of 25, he has a net worth of 3500 crores. Ritesh is a college dropout. He never studied beyond school. He used to sell sim cards for survival, scared about how his family would finish his dreams and summon him back to Odisha if they came to know about his hardships.
This 19-year-old used to travel a lot for months staying at budget hotels, attended customer calls everyday and gained experience about budget hotel customers and their expectations. This on-the-ground learning assisted him to pivot Oravel to Oyo. This young billionaire began his entrepreneurial journey at the age of 17. He dropped out of college and launched his first start-up Oravel Stays Pvt. Ltd. in the year 2012. Oravel was developed as a platform for listing and booking of budget accommodation. Later, he soon realized that the budget hospitality sector lacked predictability. Therefore, he pivoted Oravel to OYO Rooms in 2013 offering affordable and standardized accommodation.
2. Whitney Wolfe Herd
Herd is the CEO and founder of Bumble. She started the site as a dating app in 2014 after leaving Tinder, a firm she assisted and then sued after facing sexual harassment there. Bumble has now spread over dating to a huge social app. This app was designed to modify the playing field from a male-centered dating app to a way to connect that is secure for women. Bumble was first founded to challenge the antiquated rules of dating. Now, Bumble allow users to connect with confidence whether dating, networking, or finding friends online. In 2020, She was in Forbes’ list of America’s Richest Self-Made Women. In 2021, she achieved the division of becoming the world’s youngest female self-made billionaire after taking Bumble public. She holds an 11.6% stake in her firm that is worth over $1.5 billion.
In addition to being the world’s youngest self made female billionaire, Herd is also the youngest female CEO ever to take a firm public in US. Whitney believes women should always feel empowered to make the first move when it comes to love, business, friends – and beyond. Most recently, bumble launched BumbleFund, which will invest in diverse female entrepreneurs, further focusing the firm’s dedication to support women.
3. Kevin David Lehmann
According to Forbes, 18-year-old Kevin David Lehmann is now the world’s youngest billionaire after he officially inherited his father’s 50% stake in the German drugstore chain dm-drogerie markt. His current net worth is $3.3 billion. His Net Worth: $3.3 Billion And Source Of Wealth is Drugstore. He is from Germany. Kevin David Lehmann owns 50% of Germany’s leading drugstore chain, dm (drogerie markt), which brings in over $12 billion in annual revenue. After Forbes finally announced the billionaire ranking, one person got very high fame. If we tell you that one person is the youngest billionaire in the world then Kevin David is the only one who is trending with this tag.
On 8th April 2021, Forbes announced the annual ranking in which Kevin David is the only one who becomes the trend for a day. The searches increased on search engines for Kevin David Lehmann Wikipedia because everyone wants to know more about him. Let us tell you that he is just 18 years old and able to grab his name in the billionaires ranking.
4. Nikhil Kamath
From a salary of F8,000 to a billionaire: Zerodha co-founder Nikhil Kamath entered Forbes’ list of India’s 100 richest 2020. Nikhil Kamath, along with his elder brother Nithin Kamath, co-founded Zerodha, India’s biggest stock brokerage company in terms of volume. The brothers also founded True Beacon, an asset management company. The brothers entered Forbes” list of India’s 100 richest 2020. Zerodha started in 2010 (combination of zero and rodha, sanskrit word for barriers). Zerodha mostly grew through word of mouth as India’s interest in investing grew. During the pandemic, registered users doubled to 4 million.Nikhil is also the co-founder of True Beacon, an asset management company. At age 14, Nikhil Kamath dropped out of school to pursue his passion and talent in chess.
Having fallen short of a professional career in chess, Nikhil decided to take up trading. Nikhil and his brother saw success in their efforts and soon expanded by building a brokerage platform for everyday investors. In October 2020, both brothers joined Forbes India List with combined wealth of $1.55 billion – making Nikhil India’s new youngest self-made billionaire.
5. Alexandra Andresen
Being 19 years young, Alexandra Andresen is the world’s youngest billionaire. Heir to a family fortune built on tobacco, she ranks among the 2016 World’s Billionaires due to her stake in investment company Ferd that FORBES values at $1.2 billion. Passed out of high school, Alexandra seems to have no Hurry to be an active owner, and is instead one of the most promising horseback riders in Norway, collecting trophies from competitions across Europe. A horse rider from #Norway has become the world’s youngest billionaire after amassing a $1.2billion fortune at the age of just 19. Forbes magazine has named AlexandraAndresen, a professional dressage competitor, on their list of people from around the world worth at least one billion dollars.
For the first time she and her sister Katharina, aged 20, hold position on the list and they are positioned as the 1,475th richest people in the world. Miss Andresen accumulated her personal fortune after her father Johan F. Andresen transferred his stake in Norway’s biggest company, FerdHoldings, to his daughters in 2007. Her family had made a fortune in the tobacco industry and her great, great, great grandfather founded Norway’s biggest cigarette producer. The company was sold for $500million in 2005 and the money then invested in property and hedge funds.
Two years later her father gave 80 percent of his shares in the company FerdHoldings to Miss Andresen and her sister.
6. Austin Russell
Austin Russell, founder of Luminar Technologies have assets worth US $ 2.9 billion or around IDR 40.6 Trillion (assuming IDR 14,000) at the age of 25. From his wealth he has become one of the youngest billionaires without legacy. Russell decided to drop out of the University Stanford after accept offer scholarship from Paypal founder, Peter Thiel for US$ 100 thousand to build Russell Company, then set up Luminar Technologies in 2012. Who is world youngest Billionaire Entrepreneur? Luminar Technologies is one of the company most developed in recent years thanks to technology lidar they developed.
What is Lidar? Lidar can be referr to as a digital mapping technology that uses lasers. Laser is use to detect and measure distance, where the data obtained is use to create a map of 3 dimensions of real environmental conditions. This is what then it can be use on cars that can drive themselves (self-driving). Luminar’s lidar technology will and has already begun to be use by some of the world’s car manufacturers.
Among them Volvo, Mobileye (Intel), Daimler. Thanks to technology Luminar’s, some self-driving, is predicted to already be on the highway in 2022. Russell’s fortune soared after Luminar Technologies became a Public company on the NASDAQ stock exchange on December 3rd 2020 with issuer code LAZR. Luminar’s share price when it was first released was US$ 18, and directly up 37% on the same day. Russell has 104.7 million sheets that are worth more than US$ 2 Billion.
7. Gustav Magnar Wibztoe
One of the youngest billionaires of the world! GUSTAV MAGNAR WIBZTØE is a Norwegian billionaire and significant shareholder of salmon fish farming company Salmar ASA. His father founded SalMar, which is currently the largest producer of farmed salmon. When he was 10 his father transferr 47% of the company to him to allegedly avoid a large inheritance tax bill. He’s also a property investor, he has worked in MGM properties and has a technology start-up. Many people nowadays are not interest in family business.. but if you have knowledge, passion and you’ve seen your parents working then of course you should step in your family business and make it grow.
8. Patrick Collinson
“We start from a need to be met. We understand that the problem with payment management was felt by everyone..” So 2 Irish brothers take over the world. They’ve created Stripe, platform that allows companies to accept all online payments, and they’ve just closed a $ 600 million round, reaching a record valuation of 95 billion. In May 2020 alone it was worth$ 36 billion. This is Patrick Collison and John Collison, They are 32 and 30 years old, and have a wonderful story. Father Electronic Engineer, Microbiologist mom, Collisons growing up in Dromineer, village lost in central Ireland. Math and physics enthusiasts, at home they have nine computers running at 17 years old, Patrickis selected by the Boston Mit and leaves for the US. John, at 15, crosses the Ocean to spend the transition year.
Together they found their first startup: Shuppa. They enter Y Combinator and after a few months they exit Patrick returns to Mit, John enrolls at Harvard. In 2010 they’ll both leave college to move to Silicon Valley and work on a new idea: Stripe. It’s in 2010. Among the first investors in 2010 are Paul Graham, founder of YCombinator (Planet’s most important throttle), offering them $ 30K. He is Who is world youngest Billionaire Entrepreneur In the first round, $ 2 million, Peter Thiel, Elon Musk, Sequoia, Andreessen Horovitz and SV Angel entered. Patrick and John are 22 and 20 years old at the time. Happy to have published their story on this very my ” first issue of Millionaire. Thanks to Tiziana Tripepi for interview and Cristina Vigan ò for the graphic.
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