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Richest Billionaires Under The Age Of 30

The American Forbes magazine published its annual ranking of the world’s richest people in 2023, and its list included 2,640 billionaires, compared to last year’s list of 2,668 billionaires.

The average age of billionaires on the Forbes list of the world’s richest people for 2023 is about 65 years old, and the oldest billionaire is the prominent insurance businessman George Joseph, who is 101 years old.

The list includes 15 young men with fortunes exceeding a billion dollars and their age has not yet exceeded 30, compared to 30 names in last year’s list.

Of the 15 billionaires, 11 inherited their wealth, and only 4 of them are self-made entrepreneurs.

The total wealth of these 15 young people is about $64 billion, an increase of $10 billion from 2022. Their combined wealth represents only 0.6% of the world’s wealthy.

The ranking of the 5 youngest billionaires in the world, aged 30 years or less, is as follows:

Mark Mateschitz

Mark is 30 years old, an Austrian, with a net worth of $34.7 billion. Mark earned his fortune from the global company “Red Bull”, which produces energy drinks. Mark inherited 49% of the company after his father’s death, and he is currently contributing to the management of the company.

Gustave Magnar Witzo

Gustav is 29 years old, a Norwegian, with a net worth of $2.7 billion. Gustav owns almost half of the fish farming company “Salmar ASA”, which is known for its salmon farming.

Gustav inherited the company from his father and does not currently play an operational role in the company. He works as an investor in real estate and emerging technology.

Michael Strand

Michel is 30 years old and has a net worth of $2 billion. He is a native of the Czech Republic and gained his wealth in the arms trade.

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His company is one of the largest suppliers of ammunition and military equipment to the Ukrainian army, and his company’s sales amounted to $620 million in the first half of 2022. He inherited the entire company from his father and currently runs it himself.

Palmer Freeman Luckey

Palmer, 30, is an American with a net worth of $1.7 billion. Loki is a prominent entrepreneur who founded Oculus, a company that makes virtual reality headsets, and sold it to Facebook for $2 billion in 2014. Then his start-up, Anduril, a defense technology company, raised $1.5 billion at a valuation of $8.5 billion in December.

He is one of the largest suppliers of drones and surveillance products to the US Department of Defense, and his company produces electronic defense systems.

Ben Francis

Ben Francis is 30 years old, a British national, with a net worth of $1.2 billion.

Francis is known as one of the most famous self-taught young men in Britain. He worked in delivering pizza orders when he was young, then decided to establish a start-up sportswear company called “Gymshark” in 2012, when he was 19 years old at the time.

He made his company’s first clothing line in his parents’ garage in Birmingham, courted weightlifting influencers to promote his brand and it was a huge success. His company’s sales reached more than $500 million in 2021.

Self-Made Or Inherited Wealth? 5 Richest Billionaires Under The Age Of 30

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