Austin Russell, the 28-year-old CEO of California-based
But old age is not a requirement for amassing great wealth. In fact, there are 15 people around the globe who boast a three-comma fortune despite being 30 years old or younger. The youngest of this mostly lucky bunch are Clemente Del Vecchio and Kim Jung-youn, neither of whom have hit their 20s yet.
At 15, Valentina Pinault is the richest teen on this list if not the world — although her net worth is based on her parents' net worth. Not only is she the daughter of actress Salma Hayek, but her dad is Francois-Henri Pinault — a literal billionaire.
Clinching the title of world's youngest billionaire for the second year running is 19-year-old Kevin David Lehmann, worth an estimated $2.4 billion.
A nine-year-old African kid is reportedly the world's youngest billionaire, who travels around the world in his private jet and has several mansions to his name. Mompha Junior from Lagos, Nigeria became the owner of his first mansion at the age of just six. He has an entire fleet of supercars.
Hailing from Lagos, Nigeria, Mompha Junior, is the son of multimillionaire Nigerian internet celebrity Ismailia Mustapha, Muhammed Awal Mustapha. The young influencer boasts 29,800 followers on his Instagram account, where he posts photos of his grand lifestyle.
Valentina Pinault: $7.1 Billion
At 15, Valentina Pinault is the richest teen on this list if not the world -- although her net worth is based on her parents' net worth. Not only is she the daughter of actress Salma Hayek, but her dad is Francois-Henri Pinault -- a literal billionaire.
Kim Jung-Youn, the teenage daughter of Kim Jung-Ju who founded the online gaming company Nexon, is the youngest billionaire in the world as of November 2022.
This is according to a study conducted by Ramsey Solutions, which is the largest study of millionaires to date. The average age of a millionaire is 49 years old, which means it takes them over 27 years of saving and investing to reach this status. This may seem daunting, but the truth is, it's never too late to start.
Millionaire Statistics by Age
The world's 100 richest individuals earned their first $1 million at age 37, on average. The average millionaire is 57 years old.
Isabella Barrett
After making a name for herself on the show Toddlers and Tiaras, Isabella Barrett launched her own jewelry and clothing lines – Glitzy Girl and Bound by the Crown Couture. Yep. She's a nine year-old self-made millionaire.
A trillionaire is an individual with a net worth equal to at least one trillion in U.S. dollars or a similarly valued currency, such as the euro or the British pound. Currently, no one has yet claimed trillionaire status, although some of the world's richest individuals may only be a few years away from this milestone.
A 20-year-old German citizen Kevin David Lehmann is the world's youngest billionaire with a net worth of $1.7 billion.
The median age of the world's billionaires is now 67, data firm Altrata said in a new report. Forty-two percent are over the age of 70, and fewer than 10% are under the age of 50, according to the study.
Dannielynn Birkhead – $3 million
Dannielynn is an aspiring model and personality, and she's made a mark despite only being 14 years old. She is the daughter of actress and model Anna Nicole Smith, who died when Dannielynn was only five months old.
Billionaire, businessman and the chairman and chief executive of LVMH (LVMUY), Bernard Arnault holds the crown as the richest person in the world. According to Forbes, Arnault has a fortune of $234.5 billion.
All from creating online avatars — when he's not busy doing math homework. Benyamin Ahmed, an eighth grader with a knack for coming up with original images known as NFTs, has turned his skill into a massive crypto wallet worth about $1 million. And he did it in less than a year.
Françoise Bettencourt Meyers – US$80.5 billion
The richest woman in the world this year hails from France, just like the richest man, Bernard Arnault.
Jaylen Bledsoe – Net worth: $3.5 Million. What is this? A high school student and of 12 years of age when he first began working on his tech startup, Jaylen Bledsoe of Hazelwood is now a well known and recognized entrepreneur.