Young Minds

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

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

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

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

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

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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