March 20, 2019

The Billionaire Series: 5 World Youngest Billionaires In 2018

The Billionaire Series: 5 World Youngest Billionaires In 2018

BUSINESS – Meet the youngest billionaires in the world as at this year, 2018. The three youngest billionaires are all Norwegian, two of them sisters. We rank them here by age from oldest to youngest.

 

  1. John Collison

John Collison dropped out of Havard and co-founded Stripe, an online payment company, with his brother Patrick in 2011. The Irish-born brothers reside in San Francisco, where the company is based.

Stripe closed a $150 million funding round that valued the business at $9.2 billion in November 2016.

 

  1. Evan Spiegel

Evan Spiegel and his former Stanford classmate, Bobby Murphy co-founded the popular photo-sharing app Snapchat in 2011.

Snapchat began trading in March 2017. At this time, Spiegel became the youngest public company CEO.

Spiegel and his friend each own around 18% of Snapchat but have voting shares that give them control over the board. About 170 million people use Snapchat each day.

 

  1. Gustav Magner Witzoe

Gustav Magnar Witzøe owns Salmar, a company which is responsible for almost half of Norwegian fish farming. Salmar is one of the world’s largest salmon producers.

Salmar, which is still run by the young billionaire’s father, has been more or less gifted to him in 2013.

While his father runs the fish-farming business, Gustav Magnar is focusing on making investments into real estate and tech startups.

 

  1. Katharina Andresen, 22

Katharina Andresen is one of the world’s youngest billionaires, only second to her sister Alexandra, who is younger.

The Andresens each inherited 42% of a family-owned investment company called Ferd. Their father Johan still runs the company and controls 70% of the votes.

 

  1. Alexandra Andresen, 21 — $1.4 billion (£1 billion).

Alexandra Andresen is the world’s youngest billionaire at the age of 21. She inherited 42% of the family-owned investment company Ferd along with her sister Katharina.

Ferd is an active investor on the Nordic stock exchange. It also has private equity investments and runs hedge funds.

 

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