The Youngest Billionaire Is No Longer Kylie Jenner

As of October 2020, Jenner’s web price was listed at $700 million.

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An 18-year-old from Germany has displaced mannequin and tv persona Kylie Jenner as this 12 months’s youngest billionaire, Forbes studies. Jenner, 23, was the youngest billionaire on final 12 months’s listing, however didn’t make the lower this 12 months. In 2019, she was controversially named the youngest self-made billionaire in 2019 following the success of Jenner’s model Kylie Cosmetics, however as of October 2020, Forbes listed her web price at $700 million

Little is thought about Kevin David Lehmann, who inherited his father’s 50% stake in German drugstore chain dm-drogerie markt. In response to Forbes, the stake’s worth comes out to about $3.3 billion. The second-youngest billionaire is 24-year-old Chinese language nationwide Wang Zelong, who inherited a $1.5 billion stake in pigment manufacturing enterprise CNNC Hua Yuan Titanium Dioxide Co.

Associated: Kim Kardashian West Joins Estranged Husband Kanye West on Billionaires Record

In reality, amongst those that have been listed as billionaires and are of their 20s, simply 4 have been self-made. They embody 26-year-old Austin Russell (a Stanford dropout who based laser lidar startup Luminar applied sciences) and the 28-year-old DoorDash founders Stanley Tang and Andy Fang. Sam Bankman-Fried, 29, rounds out the unique listing, making his $8.7 billion fortune because the founding father of buying and selling agency Alameda Analysis and crypto spinoff buying and selling platform FTX.

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