How Do The World’s 5 Youngest Billionaires Spend Their Money?

LOS ANGELES - OCT 1: Brendan Mokler, Cameron Penn, Ricardo Crespo, John Collison at the Catalina Film Festival - Saturday at the Casino on October 1, 2016 in Avalon, Catalina Island, C
LOS ANGELES - OCT 1: Brendan Mokler, Cameron Penn, Ricardo Crespo, John Collison at the Catalina Film Festival - Saturday at the Casino on October 1, 2016 in Avalon, Catalina Island, CA - picture Kathy Hutchins / Shutterstock.com

Wouldn’t it be great to be one of the youngest billionaires? It would be better to be a millionaire before age 30. That is what these lucky men and women are — billionaires in their 20s. Three of those young billionaires have inherited their fortunes. Two made their billions from the technology market. In any event, their wealth enables them to perform some pretty spectacular things, like buy an island and then a private jet to reach that island.

Alexandra and Katharina Andresen
Net Worth: $1.2 billion every
The youngest billionaire in the world remains 22-year-old Alexandra Andresen. She and her 24-year-old sister Katharina, who inherited their fortunes, each has a net worth of $1.2 billion. In 2007, her father, Johan Andresen, transferred his shares of Ferd Holdings, Norway’s biggest company, to his brothers. The Andresen family made an enormous fortune in the tobacco market. Alexandra and Katharina’s great, great, grandfather founded Norway’s largest cigarette company. That business was sold for $500 million in 2005 and the money was invested in hedge funds and real estate. Obviously, those investments did very, very well.

Alexandra enjoys riding horses and does so competitively. She’s at least four horses and takes good care of them very well with tons of vet appointments and grooming sessions. Alexandra takes her horses so badly that she had been a part of Norway’s national dressage team. Alexandra also enjoys the outdoors, as you might expect somebody who enjoys horses and riding also. She loves hiking, camping, and fishing. But do not let those middle-class hobbies fool you, she’s also very much the jet setter, travelling in luxury to places like India, and sharing the snaps of her vacations on her Instagram.

Katharina prefers to spend her time and money stay current on the latest style trends and are carrying extremely expensive designer purses, like a $1,900 Louis Vuitton. Katharina is also a self-proclaimed “shopaholic” who favours limited-edition Christian Louboutin shoes that sell for $640. An animal lover like her sister, Katharina’s pride and joy is her pet bulldog Tycho.

Gustav Magnar Witzøe
Net Worth: $3 billion
Gustav Magnar Witzøe, such as the Andresen sisters, is from Norway. He’s the third-youngest billionaire in the world at 26. Witzøe formally came into his prosperity in 2013, when his dad gifted him almost half of the stocks in his hugely successful poultry firm SalMar ASA, which is among the most prominent manufacturers of salmon on earth. The present made him the holder of the most considerable fortune in Norway, but for whatever reason, he tends to explore different avenues of personal expression beyond the salmon business. As an example, he has gathered a decent following on Instagram, whereas of this writing, he’s over 105,000 followers, and a real expert modelling agency with Next Models Worldwide in Norway. This is in addition to numerous other business ventures, such as his investments in startups such as Snapchat other Gobi, and Key Butler, marketed towards heavy-use Airbnb landlords.

Gustav is also really into fashion and especially shoes. He’s a regular front-row guest in Norwegian fashion shows. He is a jet setter fond of travelling and shares pictures of his journeys on his Instagram.

John Collison
Net Worth: $2.1 billion
Stripe co-founder John Collison is your fourth-youngest billionaire in the world at 28. He’s two weeks younger than Snapchat founder Evan Spiegel. He co-founded Stripe with his brother Patrick in 2008. The native of Ireland was an undergraduate at Harvard when Stripe began to take off so he dropped out to concentrate on the organization. Now, besides building Stripe to one of the world’s hottest mobile payment programs, he has got a little time to pursue his hobbies, including flying across the world. He also runs and participates in 5K (3.1 miles) runs. He also loves to travel and shares his wealth when he takes the complete Stripe team along with him as he did when he hosted a breakfast after a hike up Mt. Tamalpias.

Evan Spiegel
Net Worth: $2.5 billion
Snapchat co-founder Evan Spiegel, at 29, is the earliest of the five youngest billionaires on the planet. In 2017, he obtained an $800 million incentive for carrying Snap, Inc. public in a $33 billion evaluation. Since that time, Snap’s shares have taken a hit, but his private life is thriving. He is married to model Miranda Kerr, and the couple welcomed their first child together, a son named Hart in 2018. As with other young billionaires on this listing, Spiegel is into fashion — especially considering he is a tech CEO. In October 2015, he had been on the cover of Vogue Italy. While he still sports the t-shirt, jeans, and shoes which are a staple of technology bros, his t-shirt is a 60 James Perse along with his boots are 410 Common Projects shoes. Spiegel is also a licensed helicopter pilot and loves arranging flowers.

Picture: Kathy Hutchins / Shutterstock.com

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