00:00 The average billionaire on Forbes' billionaire list this year is 66 years old.
00:05 Still, a selective few have gotten super rich, super young.
00:09 This year, the 25 youngest people on Forbes' world's billionaires list are all 33 or
00:15 younger.
00:16 Together, they're worth $110 billion.
00:20 A few are self-made, having built notable companies like Snap, Gymshark, and Oculus
00:25 VR.
00:26 For the first time since 2009, every billionaire under 30 inherited his or her fortune.
00:32 These inheritances illustrate the beginning of a long-anticipated generational wealth
00:36 transfer among aging populations around the world.
00:40 In the United States, baby boomers and their elders hold $95.9 trillion of the total $147.1
00:50 trillion of household wealth, per the Federal Reserve.
00:54 Many of the archetypal self-made young moguls, such as Snaps Bobby Murphy and Menace Mark
00:59 Zuckerberg, have grown up, and they aren't being replaced.
01:04 Most of the youngest billionaires are from Europe.
01:06 The rest are from Brazil, South Korea, Hong Kong, Japan, and the United States.
01:12 Here are the five wealthiest young billionaires on this year's billionaires list.
01:17 At number five is Mikhail Shchernad.
01:20 Shchernad's father was a small-town scrapyard owner who started out renovating ex-Soviet
01:25 equipment at the end of the Cold War.
01:28 He transformed the business into the $3.2 billion defense producer Shekoslav Group,
01:34 which Mikhail has since taken over as owner and CEO.
01:37 Tied for fourth place on the list are the Delvecchio siblings.
01:41 Each of the Delvecchio brothers inherited a 12.5% stake in the family's Luxembourg-based
01:47 holding company Telfene, which owns nearly a third of Estelor Luxottica, an eyewear company.
01:53 Tied for third place is another set of siblings, the Mistry family.
01:56 Farah's Mistry and his brother Zahan are the richest of the 30 and unders, thanks primarily
02:02 to their 4.6% stake in Tata Sons, the $150 billion Indian conglomerate that owns 29 public
02:10 companies including Tata Consultancy and Tata Motors.
02:15 In second place is John Collison.
02:17 John and his brother Patrick sold the eBay management software, Automatic, for $5 million
02:23 in 2007.
02:25 After John enrolled and then dropped out of Harvard, they founded Stripe, a payment software
02:29 whose investors have included Fidelity in Ireland's Sovereign Development Fund.
02:34 In 2016, a funding round that valued the unicorn at $9.2 billion made John Collison the world's
02:41 then-youngest self-made billionaire at 26.
02:44 And coming in first is Mark Matuschitz.
02:47 Matuschitz inherited 49% of Red Bull when his father, Dietrich Matuschitz, who founded
02:52 the business in 1984, died in 2022.
02:56 Red Bull generated $11.6 billion in revenue last year and sold 12.1 billion cans, enough
03:02 for each person on Earth to pep up with one and a half energy drinks.
03:07 [MUSIC PLAYING]
03:09 you
Comments