Highlights :
- Discover the unknown stories of some of the youngest billionaires.
- Traditional business methods are old news, and these people have proven it.
- Creativity is the key to the billionaire’s life.
There’s so much happening every day. The young generation’s mindset is changing the world in ways no one could have imagined. The innovation, hard work, and determination are unmatched when it comes to the young population. Few youngsters have even made it to the billionaire list and have made a name for themselves. But do we know the story behind the success? Let’s take a look at their stories to learn about the struggles and successes of the 5 youngest billionaires.
The Story Of Famous Youngest Billionaires
1. Ritesh Agarwal, 27 Years Old
Techie Ritesh Agarwal is the second youngest billionaire in India. He learned coding at the very tender age of 10 years. He has a lot of passions, and one of them is traveling around the world. When he was traveling around India, he faced a lot of problems in booking and lodging.
He realized that there was a need for affordable hotel rooms with good service in India. So, he decided to solve the problem by using his tech knowledge. He developed a plan but didn’t know much about entrepreneurship. He showed his plans to some investors and then launched Oravel Stays with the $100,000 he got.
With Oravel Stays, people could choose the location and book pocket-friendly hotels. He fulfilled his purpose up to some extent, but he wasn’t satisfied with the overall performance. So, he conducted a detailed survey to find out the major problems in the hospitality industry in India. After that, he proceeded to launch OYO rooms.
2. John Collison, 30 Years Old
John Collison became a billionaire at the age of 26 years only. He is a truly self-made billionaire. He is a Harvard dropout and had an entrepreneurial inclination from a very young age. He had a net worth of $1.1 billion in 2016. He co-founded ‘Stripe’ with his brother at the age of 19.
It is an American fintech digital payments platform for e-com businesses and mobile applications. He decided to drop out of Harvard and to focus all his time, energy, and attention on his startup. His knack for entrepreneurship made him a self-made-millionaire even before he had entered Harvard. His current net worth is $3.2 billion. Stripe was officially established in 2011 and the company had already built a valuation of $5 billion by 2015.
3. Evan Spiegel, 30 Years Old
We can’t imagine our lives without Snapchat, can we? It is all thanks to Evan Spiegel, who came up with the idea and was declared the youngest billionaire in the world in 2015.
In 2011, Evan proposed his idea of an app with quick messaging as a product design project. Later, he was very invested in the app with his friends and named it “Picaboo”, which was renamed Snapchat later. His current net worth is $13.5B.
4. Mark Zuckerberg, 36 Years Old
Mark Zuckerberg is a brand in himself. He needs no introduction. He has been at the center of multiple controversies and is always seen in headlines. He started the social media platform ‘Facebook’ in 2004, and Facebook now basically runs the world.
He started this idea from his dorm room at the age of 19 and now he is one of the youngest self-made billionaires in the world with a net worth of $102 billion. He is also a Harvard dropout, who quit college after realizing the potential of social media platforms and completely dedicated himself to his startup.
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5. Pavel Durov, 36 Years Old
He is the creator of Russia’s biggest social media platform, Vkontakte. Durov was only 22 years old when he founded VK. In 2015, he had already sold 12% of the stakes in the company for $300 million.
He decided to form another messaging platform, Telegram, and it currently has 300 million users on a global level. His current net worth is $3.4 billion. Now, he has further raised $1.7 billion and is planning to create blockchain technology for Telegram called TON.
Final Words
The world is moving towards a better, easier, and creative future with these young brains. The potential is endless and there will be more billionaires coming our way.
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