Young and Crazy Rich: List Names Record Number of Billionaires Under Age 40

Find out who joined the old guard (Bill Gates, Warren Buffett et al.) on the Forbes richest list, including a 24-year-old entrepreneur, and how they made their fortunes.

Young and Crazy Rich: List Names Record Number of Billionaires Under Age 40 Photo (cc) by deneyterrio

By the latest tally, the number of billionaires younger than 40, has just hit a new global record of 46. Technology enabled nearly half of these young tycoons on Forbes Billionaires list to build their 10-digit fortunes.

Founders of sites and apps like Snapchat, GoPro, Facebook, Airbnb, Uber and Dropbox (just to name a few) make up a sizable portion of this rarefied group, Forbes reports.

Three new billionaires younger than 30 joined this year’s list. Snapchat co-founders Evan Spiegel (24) and Bobby Murphy (25) and beer heir Julio Mario Santo Domingo (29) have reached the ranks of the ultra-wealthy.

Who else made the elite, young billionaire list?

In addition to the three twenty-something newcomers, another 18 under 40 are making their debut. Twenty-seven of these billionaires made their own luck, and 20 did so in the tech world. Among the self-made new additions: Airbnb’s Nathan Blecharczyk and Brian Chesky; Uber’s Travis Kalanick, Ryan Graves and Garrett Camp; and blood test developer Elizabeth Holmes, 31.

So, just who are these young billionaires? Here are some stats:

  • Combined net worth. According to Forbes, the 46 young billionaires have a combined net worth of $152.8 billion.
  • Where do they live? Just under half of the young billionaires are U.S. citizens. The rest are from countries across the globe.
  • Men vs. women. Nine of the 46 billionaires younger than 40 are women.
  • Youngest. Snapchat CEO Evan Speigel is the world’s youngest billionaire.
  • Wealthiest. Facebook co-founder and CEO Mark Zuckerberg, who is worth $33.4 billion, is the richest young billionaire on the list. He is the 16th wealthiest individual in the world.

Bill Gates, valued at $79.2 billion, is still the richest person in the world. He’s held the title for the past 16 years. American investor Warren Buffett earned the No. 3 spot with a net worth of $72.7 billion.

How do you think the new generation of billionaires will handle their fortunes? Share your comments below or on our Facebook page.

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