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Time is money, and these five youngsters have both. Stacks. Billions, really.

Forbes has done some maths to figure out who exactly the faces of the youngest and wealthiest are.

Ahhh, nothing like a good Forbes richest list to overshadow the glow after eating avo toast in the morning.

Interestingly, of the 10 people that Forbes listed as worth more than $1 billion whilst under the age of 30, only four were self-made, whereas the rest inherited their wealth (mostly from their fathers).

The four lads who are making their own cash and made it from scratch are Austin Russell (founder of Luminar Technologies), Andy Fang and Stanley Tang (founders of DoorDash, and pictured above), and Sam Bankman-Fried (the owner of a massive crypto trading fortune).

Forbes mentions that the number of total billionaires increased by a net of 660 to 2 755, since last year.

Combined, the 10 youngest billionaires are worth around $29,5 billion, $13 billion more than a year ago.

That’s mad money.

Inherited or self-made, we will show you the five youngest billionaires of 2021:

#1 | Kevin David Lehmann

AGE: 18
NET WORTH: $3.3 Billion
SOURCE OF WEALTH: DRUGSTORES
COUNTRY: GERMANY

Lehmann is now the world’s youngest billionaire after he officially inherited his father’s 50% stake in German drugstore chain drogerie markt.

#2 | Wang Zelong

AGE: 24
NET WORTH: $1.5 BILLION
SOURCE OF WEALTH: PIGMENT PRODUCTION
COUNTRY: CHINA

Wang inherited a stake worth more than $1.3 billion in CNNC Hua Yuan Titanium Dioxide Co., which trades on the Shenzhen stock exchange. The company produces titanium dioxide pigment, a white pigment that can be used in coatings, plastics, ink and other materials.

#3 | Alexandra Andresen

AGE: 24
NET WORTH: $1.4 BILLION
SOURCE OF WEALTH: INVESTMENT FIRM
COUNTRY: NORWAY

#4 | Katharina Andresen

AGE: 25
NET WORTH: $1.4 BILLION
SOURCE OF WEALTH: INVESTMENT FIRM
RESIDENCE: NORWAY

The Andresen sisters each inherited 42% of Ferd, a Bærum, Norway-based investment company that reels in about $2 billion in annual revenue. Their father, Johan, still runs the business.

#5 | Austin Russell

AGE: 26
NET WORTH: $2.4 BILLION
SOURCE OF WEALTH: AUTONOMOUS CAR TECH
COUNTRY: UNITED STATES

An optics prodigy, Russell dropped out of Stanford in 2012 after receiving a $100,000 Thiel Fellowship to start Luminar Technologies, which makes sensors and other tech for autonomous vehicles. Its sensors now help self-driving cars of such customers as Volvo and Toyota by bouncing laser beams off nearby objects and vehicles’ surroundings. Luminar went public through a SPAC merger in December. Russell owns about a third of the company.

Net worths were calculated using stock prices and exchange rates from March 5, 2021.

Oh hey, Kylie Jenner seems to have lost her spot in the ‘Three Comma Club’, due to the ‘web of lies’ surrounding her finances that was exposed last year.

What a pity.

[source:forbes]