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Forbes dropped its 2021 billionaire list. There are currently 2,755 members of the three-comma club, including new entrant Kim Kardashian West.
The “youngest billionaires” is always an interesting portion of the list. Here’s a mix of inherited wealth and self-made fortunes:
- Kevin David Lehmann (18 years old; worth $3.3B): The German teen inherited his father’s 50% stake in a leading drugstore chain (dm-drogerie markt).
- Wang Zelong (24; $1.5B): This Chinese national inherited a stake in her family’s pigment chemicals business.
- Alexandra & Katharina Andresen (24, 25; $1.4B each): The Andresen sisters inherited a stake in a Norwegian investment firm run by their father, Johan (who is still active).
- Austin Russell (26; $2.4B): Russell dropped out of Stanford in 2012 to found a startup that develops self-driving car technology (lidar). When the company (Luminar Technologies) went public via SPAC in December, Russell joined the three-comma club.
- Andy Fang and Stanley Tang (28, 28; $2B each): These 2 entrepreneurs co-founded delivery startup DoorDash in 2013 and became billionaires when the company went public in December.
- Sam Bankman-Fried (29; $8.7B): This MIT grad built a near $10B fortune from crypto trading (via his firms Alameda Research and FTX). Bankman-Fried is a proponent of effective altruism, which means earning as much as he can to give away as much as he can (he was one of President Biden’s largest donors).
Meanwhile on Twitter: