Creating a legacy of wealth is hard–but not impossible. Everywhere you look, more and more people are creating ways to cement their future success…
And few do it better than some of the world’s youngest billionaires.
Youngest Billionaires 2024
Forbes recently released their annual list of the world’s youngest billionaires. In this article, we’re highlighting a few of the standouts who have gone above and beyond in their professional careers.
These are young individuals who have built empires from the ground up or who have taken an existing company to new heights.
Whatever it might be…
We all have a thing or two to learn from these figures, no matter how old (or young, in this instance) they are.
Ben Francis, Founder And CEO Of Gymshark
From humble beginnings as a pizza delivery driver…
Ben Francis and a friend started selling gym supplements on their website, Gymshark. Soon, Francis began selling hand-sewn and screen-printed gym clothing out of their garage.
Eventually, more and more people started buying the clothing…
And Gymshark grew and became a dedicated (and insanely popular) sportswear brand.
In 2020, the company was valued at over $1.5 billion. Now, with a net worth of $1.3 billion, Francis owns 70% of Gymshark and serves as the company’s CEO.
Andy Fang, Founder of DoorDash
As a college student at Stanford…
Andy Fang had realized that the only food delivery options near campus were pizza joints and Chinese take-out.
Teaming up with his roommate, Stanley Tang, the two founded DoorDash…
Which has since grown to become the most popular food delivery service. Not bad for college kids, especially now being on the list of youngest billionaires.
The company was taken public in 2020, and now Fang currently runs DoorDash’s engineering team, “Launchpad”. He is worth over 1.2 billion dollars.
Jonathan Kwok, Director At Empire Group Holdings
After the untimely death of his father, Jonathan Kwok and his brother, Geoffery…
Took over Empire Group Holdings, the property developer their father started.
Beyond their own business…
Kwok also inherited his father’s direct stake in Sun Hung Kai Properties, the largest developer in Hong Kong.
Since then, he’s become the youngest billionaire in Hong Kong, with a net worth of over $2.4 billion.
Palmer Luckey, Founder of Oculus VR and Anduril
How often is it for a self-taught software engineer to launch a start-up…
Selling virtual reality headsets they made at 16 years old?
For Palmer Luckey, this is not a hypothetical… This is his story.
Not only did he popularize VR tech in households, but he sold the company to Facebook for one lump sum of $2 billion in 2014… When he was 21 years old.
And he hasn’t stopped yet. Since then, he launched a defense technology company, Anduril, which has been selling drones to Ukraine. His new company is valued at $8.5 billion.
Clearly, Luckey deserves to be on the list of youngest billionaires, with his net worth now over $2.3 billion.
John Collison, Founder Of Stripe
John Collison’s story started young…
After all, he and his brother Patrick, sold their first startup for $5 million when he was still in secondary school.
Later, after Collison dropped out of Harvard, he and his brother joined forces again to create Stripe, a payment software company. Their new initiative received backing from Fidelity and Ireland’s Sovereign Development Fund.
Since then… their company has absolutely exploded. In February, it was valued at over $65 billion.
As for Collison’s net worth, he is sitting at a cool $7.2 billion.
Lessons From Some Of The Youngest Billionaires
If this list tells you anything…
It’s to never listen to naysayers who tell you that you won’t make it.
Starting your own business is always a rocky path. Becoming an industry disrupter when you’re half the age of the industry professionals?
THAT TAKES GUTS.
Everyone on this list has grit, resourcefulness, and is always able to look at the bigger picture…
Or else they wouldn’t be on this list of the youngest billionaires on the planet.
Those who become the best of the best aren’t afraid to learn things the hard way…
And they’re not afraid to learn from people with different kinds of experience.
Whatever situation you’re in, you need to find the most valuable lessons from it and use that to propel you forward.
If you don’t…
How else do you think you’re going to make it?
Be Great,
GCTV Staff
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