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  • Meet The Five Youngest Billionaires On The Forbes 400 List

    04 Nov 2021 by Jasmine Stone in America, Lifestyle, Money
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    [imagesource: Virgile Simon Bertrand / Forbes Collection]

    Wanna feel old?

    The guy from Home Alone is now a Gucci model.

    Macaulay Culkin is also 41, just to really drive home the point.

    Wanna feel old and unsuccessful at the same time?

    The youngest billionaire on the Forbes 400 list, which ranks the richest 400 Americans, is 29.

    His name is Sam Bankman-Fried, he’s worth $22,5 billion, and as you can see from the photo above, he wears shorts at work.

    Before we get to him, more from Forbes:

    In all, 15 members of The Forbes 400 are under 40, up from 12 last year, with six of them appearing on the list for the first time. Airbnb’s Brian Chesky and Joe Gebbia both turned 40 in August, aging out of the youngest group, and embattled Nikola founder Trevor Milton dropped off the list this year.

    Obviously, Mark Zuckerberg is by far the wealthiest American under the age of 40, with his fellow Facebooker Dustin Moskovitz in second.

    But they’re both in the dog box at the moment, so let’s stick with the youngest guns on the list and get back to Bankman-Fried:

    In September, he announced he’s moving FTX’s headquarters from Hong Kong to the Bahamas, where there is more regulatory clarity around crypto trading. The exchange is becoming a familiar name even to crypto neophytes.

    FTX is a cryptocurrency exchange Bankman-Fried started just two years ago in Hong Kong.

    He says he wants to get as rich as possible as quickly as possible so that he can start giving his fortune away and become the poster boy for “effective altruism”.

    Perhaps he can have a word with Elon about tackling world hunger.

    The second-youngest person on the Forbes 400 list is Evan Spiegel, worth $13,8 billion at the age of 31.

    Image: Stefanie Keenan/Getty Images for Snap Inc

    He became a billionaire at 25 after founding Snapchat with Bobby Murphy, a Stanford University fraternity brother, in 2011.

    Spiegel is now married to Ozzie model Miranda Kerr.

    His pal Bobby comes in third, worth $15,2 billion at the age of 33.

    I’m not sure where his extra $1,4 billion in net worth comes from, but neither is going hungry.

    Fourth on the list is Fred Ehrsam, worth $3,5 billion at the age of 33, who is another crypto bro:

    Ehrsam cofounded Coinbase Global in 2012 and left the company in 2017, but held on to about 6% of its stock, accounting for most of his fortune.

    Image: CNBC

    In 2018 he cofounded Paradigm, an investment firm with stakes in dozens of cryptocurrency companies, including Coinbase and FTX.

    Finally, in fifth, the one you’ve been waiting for.

    Yup, the guy who inherited all of his money.

    Lukas Walton is worth $17,2 billion thanks to his last name:

    Walton is a grandson of Walmart founder Sam Walton and the son of John Walton, who died in a plane crash in 2005.

    He inherited one-third of his father’s estate and serves as the chair of the Walton Family Foundation’s environment program committee.

    Sounds like a plush gig.

    I am set to inherit my grandfather’s old false teeth. No word of a lie.

    See the full list of the 15 American billionaires under the age of 40 here.

    [source:forbes]

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