Ten Youngest Billionaires

Ten Youngest Billionaires
Ten Youngest Billionaires

A billionaire is a person with a net worth of at least one billion units of a major currency, such as the United States dollar, the Euro or the British pound sterling.

Every year, the U.S. business magazine Forbes produces a global list of known U.S. dollar billionaires and updates an Internet version of this list in real time.

However, the number of billionaires in the world has declined in 2019 for just the second time in a decade.

According to the Forbes list, there are 2,153 billionaires in the world now, 55 fewer than a year ago.

The combined wealth of these ultra-rich shrank to $8.7 trillion, down $400 billion from 2018, reflecting the impact of the global economic slowdown and weak stock markets.

In addition, 247 people, or 11 percent of last year’s list members dropped out of the Forbes billionaires’ list. This is the largest fall since 2009 at the peak of the global financial crisis.

However, the number of young billionaires is rising, thanks to family businesses, large family inheritances and technology startups.

According to the Forbes list, there are 71 members in the select group of billionaires under the age of 40 years. Of this, 41 members, representing more than half of the list, are self-made billionaires.

Here is the 2019 Forbes list of the world’s top ten youngest billionaires.