The 14 Youngest Billionaires in America
These entrepreneurs and heirs are all under 40.
This week the folks at Forbes released their annual Forbes 400, its long-time roundup of the 400 wealthiest Americans. The list, as has been been the case in recent years, is entirely comprised of billionaires. (This year, the entry point is a 13-way tie for 388th place, with each member possessing a net worth of $2 billion—slightly higher last year's baseline of $1.7 million.) And yes, most of the people on the list tend toward the older side: The average age is 67.
But not everyone on the list is a septuagenarian (or nearly one). In fact, there are a handful of billionaires under 40 who've cracked the ranks. There are tech entrepreneurs, tech entrepreneurs, and tech entrepreneurs—and a handful of heirs and socialites. So read on and meet the 14 youngest members of the three-comma club. And for more insight on their financial prowess, learn the 5 Ways Billionaires Think Differently Than Most People.
Julio Mario Santo Domingo III
Julio Mario Santo Domingo III, 32 (right), is an heir of Colombia's second wealthiest family. He's currently worth $2.4 billion.
Back in the nascent days of file sharing, Sean Parker, 37, co-founded Napster. He went on to become a key advisor to Mark Zuckerberg, 33, and served as the first president of Facebook's board. Currently, he serves on the Spotify board, and is worth $2.6 billion.
Bobby Murphy, 29 (right), is the co-founder and chief technology officer of Snap Inc., the company behind Snapchat. He is currently worth $3.1 billion.
Evan Spiegel, 27, cofounded, with Murphy, Snap Inc. He is currently worth $3.1 billion. (He's also married to Australian supermodel Miranda Kerr.)
Robert Pera, 39 (right), made his fortune by founding Ubiquiti Networks, a tech company that brings wireless internet to areas that don't have such services. Pera also owns the Memphis Grizzlies. He is currently worth $3.2 billion. (Note: Pera brought the initial idea of Ubiquiti to his supervisors at Apple. They struck down the idea—so he struck out on his own.)
The son of a prominent Chicagoan doctor, Rishi Shah, 31, founded Outcome Health, a healthcare info-tech company, in 2006. He is currently worth $3.6 billion.
Nathan Blecharczyk, 36, is a cofounder of Airbnb and currently serves as the company's chief technology officer. He is currently worth $3.8 billion.
Image via Wikimedia Commons
Brian Chesky, 36, is a cofounder of Airbnb and currently serves as the company's CEO. He is currently worth $3.8 billion.
Joe Gebbia, 34, is a cofounder of Airbnb and currently serves as the company's chief product officer. He is currently worth—yep, you guessed it—$3.8 billion.
Andres Santo Domingo
The half-brother of Julio Mario Santo Domingo III, Andres Santo Domingo, 39, is the co-founder of indie rock label Kemada Records. Domingo's wedding, in 2008, to Lauren Santo Domingo née Davis, was considered by Vogue to be the "wedding of the year." He is currently worth $4.8 billion, twice that of his half-brother.
Scott Duncan, 35, is an heir to oil tycoon Dan Duncan, the founder of Enterprise Products. After the elder Duncan passed away in 2010, Scott inherited a third of the fortune. As it so happens, in 2010, the estate tax was suspended; the younger Duncan was able to hold on to and invest a sizable amount of his inheritance. He is currently worth $5.5 billion.
Lukas Walton, 31, is the grandson of Sam Walton. (You may know Sam as the founder of a little company called Wal-Mart.) He is currently worth $13.2 billion.
Dustin Moskovitz, 33, was a co-founder of Facebook, but he left the company to co-found Asana, the productivity and project management app. Moskovitz is a whole six days younger than Zuckerberg, making him, for a time—until the Snap Inc. guys came along—the youngest self-made billionaire in history. He is currently worth $13.6 billion.
Image via Wikimedia Commons
Yes, the Zuck is worth $71 billion. (Oh, and he's definitely running for president.)