10 Youngest Self-made Billionaires of All Time

for the most part billionaires who weren't born that way aren't young even if they were born into wealth it takes a long time to go from a million dollars to a billion some people however have no patience to wait around for the thousands of millions to come pouring in so they find a way to make the gargantuan bucks super fast try not to feel too jealous as we count down the 10 youngest self-made billionaires of all time what were you doing when you were 21 years old buying your first beer well your first legal one anyway that's great but Kylie Jenner celebrated turning 21 an entirely different way by becoming the youngest self-made billionaire in known history obviously Kylie Jenner didn't come from rags as a member of the high-profile Kardashian / Jenner clan young Kylie was already worth quite a bit of money but recently she's kicked it up many notches Kylie owns a cosmetics company called creatively enough Kylie cosmetics for a while that sold decently but nothing too crazy then in November 2018 she started an exclusive deal with beauty retailer Ulta suddenly her cosmetics were in over 1100 stores around the country that combined with Kylie's social media savvy and fan friendly personality sent business skyrocketing within months Kylie cosmetics was valued at over 900 million dollars and guess what Kylie Jenner is the one and only owner add the cash she already had and figure that she only has a handful of employees and she is now worth over a billion dollars while Jenner didn't bootstrap her way to ten figure status she still took a small company and made it absolutely enormous and that's a feat that simply cannot be denied if any tech figure has influenced your day-to-day lives more than Mark Zuckerberg we'd like to meet them the founder of Facebook aka that site you keep checking when you should be watching this video is the reason social media is this omnipresent as it is today he didn't invent the idea of social media but he made it so accessible that everyone from hipsters to great-grandma's has a page these days before Facebook was the ultimate household name however Mark Zuckerberg was just a kid from Harvard who had an idea he started a Harvard only website called the Facebook yes the site's original name was literally what old people call it to annoy their grandkids originally as a fun yet sophomoric way to rank Harvard girl's hotness levels but soon enough Zuckerberg realized the Facebook could do far more than ranked pretty girls it could connects people so he tweaked it to become more of a social network one that quickly took off around the campus it proved so popular in fact that Zuckerberg realized other colleges would love it too so he expanded it again making it so anyone with a college email address could join after just a couple of years Zuckerberg concluded that catering to college kids was limiting Facebook should be enjoyed by all so now anyone with an email could join and boy did they ever Facebook simplistic style appealed to every possible demographic soon virtually everyone of every generation had a Facebook account all this propelled Zuckerberg value to the stratosphere and in 2008 he became the youngest self-made billionaire ever Kylie Jenner broke his record a decade later but at a current net worth of over 68 billion dollars we are guessing Zach isn't crying much about it worried about your pictures lingering around the internet long after you posted them and snapchat is for you it's apparently also for a ton of people judging by how quickly their CEO and co-founder Evan Spiegel became a billionaire off the app Spiegel was born wealthy with both his parents being high-priced lawyers who resided in Malibu California Spiegel went to an expensive private school and later to Stanford there he met fellow tech nerds Bobby Murphy and Reggie Brown together they designed an innovative app called peekaboo where you would send pictures to your friends that would disappear moments later it was social media sharing for people who value privacy in 2012 Spiegel left Stanford and began working on piccaboo now called snapchat full-time the move paid off as the company quickly grew in popularity it grew so big in fact that in 2013 Facebook owner Mark Zuckerberg offered to buy it for an incredible three billion dollars how many people would say no to that much money Spiegel did telling sucked a buzz off he believes snapchat was his and he would make his billions using it not by selling it he was right in 2015 Spiegel joined the billionaire's Club at the tender age of 25 in 2017 he received an incredible 800 million dollar cash bonus after successfully taking snapchat public at his peak he was worth over 4 billion dollars more than Zuckerberg was willing to pay him to go away in 2018 snapchat lost almost 800 million dollars when Rihanna called for her fans to delete the app after it posted an offensive ad just a short while later Kylie Jenner tweeted does anyone else not open snapchat anymore that single statement cost the company 1.3 billion dollars done cry forever and Spiegel though he's still worth around 3 billion though we're sure he'd rather influential celebrities not go after his poor little lap ever again checks are dead nobody carries cash and online payments are all the rage so companies like stripe which lets both businesses and individuals send money over the internet are in high demand the brothers in charge of stripe aren't just in high demand bearing the money John and his brother Patrick whom we'll talk about later are Irish entrepreneurs who founded a software company called supe in 2007 within a year supe had both merged with another company and got bought out entirely this gave the 17 year old Collison a decent amount of money which he used to attend and graduate from Harvard University after leaving Harvard in 2009 the Collison's co-founded stripe it paid off as six years later stripe has grown so huge that both Collison's were bona fide billionaires John was just 26 at the time today he's still going strong with a net worth of over two billion dollars not bad for the owner of a company that's essentially PayPal only not Facebook is so powerful even people who aren't with the company anymore are making billions off of it such as the story of Dustin Moskovitz Moskovitz was Mark Zuckerberg roommate at Harvard and the two launched Facebook together Moskovitz served as the company's chief technology officer until 2008 when he left to strike out on his own however even though he no longer worked for Facebook he retained a 6 percent stake in the company in 2010 when Facebook ballooned in value that minority stake made Dustin Moskovitz a billionaire at age 26 nearly a decade later being a singular billionaire must feel old hat to Moskovitz he's currently worth over eleven billion dollars thanks to those Facebook shares being more valuable than ever in addition the project management tool he founded after Facebook asana is currently valued at 1.5 billion dollars once asana becomes profitable who knows how heavy Moskovitz wallet will be unlike the Facebook crew - of snapchats co-founders are still running the company together this means that Evan Spiegel success is Bobby Murphy's as well and both are extremely young self-made billionaires Murphy attended Stanford and was in the same fraternity as Spiegel and Reggie Brown after launching a college advise startup called future freshmen that went nowhere the trio worked on what was then called piccaboo they changed the name to snapchat and after graduating from Stanford Murphy worked an engineering job to pay snapchat sample server bills that sacrifice paid on snapchat blew up in both popularity and value as majority stockholders by a wide margin Murphy and Spiegel both profited significantly with Murphy becoming a billionaire at age 27 he's currently worth over three billion dollars oh and as for the other guy Reggie Brown in 2013 he was kicked out of the company and filed a lawsuit claiming he thought of the idea and wasn't given any credit he had hoped to get half a billion dollars in the suit but in 2014 settled for 157 point 5 million that's not a billion but it'll definitely pay the bills stripes other founder Patrick Collison became a billionaire at the same time as his brother but because he's two years older he technically took longer to make his money he isn't complaining Patrick was interested in technology and science from an early age in 2005 at just 16 he one Island's young scientist and technology exhibition by creating his own programming language in 2010 already a millionaire thanks to merging and selling his first company supe Patrick and his brother founded stripe six years later the company was valued at over nine billion dollars and both brothers were young billionaires Patrick alone is currently worth over two billion that's the kind of money that allows someone to pursue all sorts of passions in Patrick's case he's a huge bookworm and parlayed that into launching his own publishing company strike press whether he makes money off of that is irrelevant since stripe has given him enough to live on for the rest of his days if you need further proof of how huge Facebook really is consider this in 2010 only eight American billionaires were under 40 years old three of them founded Facebook we've already discussed two of the men and now here's the third Eduardo Saverin you may know the fictionalized version of his story as told in the movie The Social Network here's the real version a fellow Harvard students at helped Mark Zuckerberg launch Facebook and until 2005 served as the company's business manager but around that time Zuckerberg got frustrated with sovereign's non Facebook business interests and decided to cut him out of the company after some crafty legal wrangling we're zux new company bought out sucks old company and didn't transfer any of the new company's shares to Saverin the breakup was official but Saverin was uninterested in going away quietly he filed a lawsuit that Facebook settled by giving him around 5% of the company's shares in 2010 as Facebook exploded in value those shares garnered Sabourin over a billion dollars currently he's worth over 10 billion dollars both because of those shares and because in 2012 he renounced his US citizenship to live in Singapore this move has saved him hundreds of millions of dollars in taxes apparently for some people you don't get to ten billion dollars without bending a few rules google the search engine to end all search engines is practically synonymous with the Internet it's ubiquitous is both a noun and a verb if you say you googled something people know exactly what you mean and it all started with one young billionaire self-made tech guru Sergey Brin Brin attended Stanford and Medicaid named Larry Page during orientation the two formed a bond at least partially because both realized the world needed a better search engine they created one called Google that was powered by their very own algorithm called PageRank this algorithm analyzed the amount and ranking of a website's backlinks to determine how high or low the site would appear in a Google search Google took off at Stanford and once it became available to anyone with a computer it completely revolutionized web surfing it became so huge that when the company went public in 2004 it was already valued at 27 billion dollars this made Brin just a few days shy of 31 years old and overnight billionaire 15 years later Google and Sergey Brin show absolutely no signs of stopping ever Google is currently worth about three hundred billion dollars and its parent company alphabet is worth an incredible nine hundred billion since Sergey Brin owns both he's making money like crazy he is currently the 10th richest person on earth with almost 54 billion dollars to his name not bad for a website that upon first glance is a white screen and a search bar and not much more technically Elizabeth Holmes was a self-made billionaire in reality just about everything that made her rich was a giant scam in 2003 a 19 year old Holmes founded Baron house a blood-testing startup that claimed they could perform full blood tests using a miniscule fraction of the amount of blood other tests require the idea attracted many backers and by 2014 the company was valued at nine billion dollars that meant the 30 year old Holmes was worth an incredible 4.5 billion dollars making her the youngest female self-made billionaire at the time however just two years later forbes revised her net worth to a whopping zero that's because a series of investigations revealed Theron OSes revolutionary blood testing technology simply didn't exist one by one financial backers dropped out of funding the company pharmaceutical companies backed out of working with them and Holmes found herself legally barred from owning another company for 10 years her problems aren't through she's also been charged with multiple counts of criminal wire fraud with a trial set to begin in the summer of 2020 oh and her lawyers are currently attempting to remove themselves from the case since she apparently hasn't paid them in over a year it's not hard to see why Fortune magazine ranked her among the world's most disappointing leaders

Channel: Top Trending

Views: 1,169,076

Rating: 4.8410645 out of 5

Keywords: billionaire, youngest billionaires, self-made billionaires, forbes, billionaire lifestyle, most expensive, business, richest kids, money, luxury, kylie jenner, mark zuckerberg, evan spiegel, forbes richest, top 10, viral, new

Id: CydHNHIHdWc

Length: 11min 53sec (713 seconds)

Published: Thu Oct 31 2019