10 Youngest Billionaires of Our Time: How Did They Do It?
Here’s a look at how the following 10 youngest billionaires got to where they are.
10. Yang Huiyan
Age: 33-34 (born 1981)
Country: China
Net worth: $5 billion
Method: Family
Education: Bachelor’s degree from Ohio State University
The wealthiest woman in China, she was given her father’s stake in real estate development company Country Garden before the company’s IPO in 2007. According to the company, she tagged along with her father to board meetings as a teenager, learning the business.
9. Eduardo Saverin
Age: 33 (born 1982)
Country: Singapore
Net worth: $5.3 billion
Method: Self-made
Education: Bachelor’s degree in economics from Harvard University
Another of Facebook’s co-founders, Saverin and the company became embroiled in a lawsuit over the value of Saverin’s shares in the company and his role in its genesis. The two sides eventually reached an undisclosed settlement and Saverin was affirmed as a co-founder. In 2011, Saverin moved to Singapore and renounced his U.S. citizenship, a move many speculated was aimed at avoiding capital gains taxes resulting from Facebook’s IPO.
8. Scott Duncan
Age: 32 (born 1983)
Country: USA
Net worth: $5.4 billion
Method: Inheritance
Thanks to a one-year lapse in estate taxes, Duncan and his siblings inherited the fortune of their late father, a Texas oil pipeline tycoon, tax-free, making them billions richer than they would have been had the tax been in place.
7. Albert von Thurn und Taxis
Age: 32 (born 1983)
Country: Germany
Net worth: $3.8 billion
Method: Inheritance
Making his first appearance on Forbes’ billionaires list at age 8, he officially inherited his family’s fortune in 2001, when he turned 18. His family’s wealth dates back to the 16th century when an ancestor was appointed hereditary postmaster general of the Holy Roman Empire.
6. Drew Houston
Age: 32 (born 1983)
Country: USA
Net worth: $1.23 billion
Method: Self-made
Education: Bachelor’s degree in computer science from MIT
The Dropbox co-founder started tinkering with computers at the age of 5 and started launching companies in high school. Before Dropbox, Houston was involved in several other startups, including Bit9, Accolade and Hubspot.
500 million
Files saved daily to Dropbox
Source: Masters In Accounting Degrees
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