REDEFINING THE CLUB: MEET THIS YOUNG BILLIONAIRES


Evan Spiegel and Bobby Murphy; co-founders of social media app Snapchat
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  • Written by:

    Dan Mwangi

    dan@mtkenyatimes.co.ke
    What do you think about when you think about a billionaire? Probably a middle aged or elderly man who owns shares in a big firm, right? But these individuals (both men and women) actually exist to challenge the status, they are dollar billionaires who are under 30 years old.

    In 2018, there were nine billionaires under the age of 30 among 2,208 billionaires on Forbes’ World’s Billionaires list. These wealthy men and women had a combined net worth of $17.9 billion (calculated as of February 9, 2018). Geographically there were three billionaires under 30 years from Norway, while the U.S and Ireland had two each and one billionaire each from Germany and China.

    The majority of these young billionaires under 30 have inherited wealth from their families. Only four billionaires out of nine are self-made, generating their fortunes from the tech sector. Snapchat cofounder Bobby Murphy, 29-year old is the richest billionaire under 30 with a net worth of $4.2 billion, followed by his Stanford University fraternity brother and Snapchat Cofounder & CEO Evan Spiegel who had a net worth of $4.1 billion. But Snapchat cofounders’ net worth have dropped……Subscribe to Readmore………

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