Ranked: The World’s 25 Richest Millennial Billionaires
There are 2,755 billionaires globally—and combined, they are worth over $13 trillion.
Of these ultra wealthy individuals, just over 100 are millennials, born between the years 1981 and 1996. This young generation represents around 3.8% of all billionaires on a global basis with a combined net worth of $573.1 billion.
This visualization, using data from Forbes, ranks the richest 25 millennial billionaires and details their source of wealth, total net worth, nationality, and age.
Note: Forbes categorized billionaires by current age (2021). For those slightly over or under the age range of Millennials, meaning those who are currently 24 or 40 years old (i.e. they could have been born in either 1996/1997 or 1980/1981), if their birth year could not be accurately determined, they were left out of this ranking.
Who are the Millennial Billionaires?
The oldest millennials will be turning 40 in 2021, while the youngest are just turning 25. This means that millennial billionaires are generally the youngest billionaires in the world, save two Gen Zers: Wang Zelong of China, 24, and Kevin David Lehmann of Germany, 18.
|Mark Zuckerberg||36||$97.0 B||U.S.||Tech|
|Zhang Yiming||37||$35.6 B||China||Tech|
|Yang Huiyan & family||39||$29.6 B||China||Real Estate|
|Dustin Moskovitz||36||$17.8 B||U.S.||Tech|
|Su Hua||39||$17.8 B||China||Media & Entertainment|
|Pavel Durov||36||$17.2 B||Russia||Tech|
|Lukas Walton||34||$15.6 B||U.S.||Fashion & Retail|
|Eduardo Saverin||39||$14.6 B||Brazil||Tech|
|Cheng Yixiao||37||$14.1 B||China||Media & Entertainment|
|Brian Chesky||39||$13.7 B||U.S.||Tech|
|Nathan Blecharczyk||37||$12.4 B||U.S.||Tech|
|Joe Gebbia||39||$12.4 B||U.S.||Tech|
|Bobby Murphy||32||$11.9 B||U.S.||Tech|
|Evan Spiegel||30||$11.1 B||U.S.||Tech|
|Guillaume Pousaz||39||$9.0 B||Switzerland||Finance & Investments|
|Sam Bankman-Fried||29||$8.7 B||U.S.||Finance & Investments|
|Agnete Kirk Thinggaard||37||$8.7 B||Denmark||Manufacturing|
|Dmitry Bukhman||35||$7.9 B||Russia||Media & Entertainment|
|Igor Bukhman||39||$7.9 B||Russia||Media & Entertainment|
|Ernest Garcia, III.||38||$7.4 B||U.S.||Automotive|
|Brian Armstrong||38||$6.5 B||U.S.||Finance & Investments|
|Wang Ning & family||34||$6.3 B||China||Media & Entertainment|
|Scott Duncan||38||$6.0 B||U.S.||Energy|
|David Velez||39||$5.2 B||Colombia||Finance & Investments|
|Kate Wang||39||$5.0 B||China||Manufacturing|
|Daniel Ek||38||$4.6 B||Sweden||Technology|
|Gustav Magnar Witzoe||27||$4.4 B||Norway||Food & Beverage|
|Steven Meng Yang & family||38||$4.2 B||China||Technology|
|Li Xiang||39||$4.0 B||China||Automotive|
|Ben Silbermann||38||$3.9 B||U.S.||Technology|
|Lynsi Snyder||38||$3.6 B||U.S.||Food & Beverage|
|Apoorva Mehta||34||$3.5 B||Canada||Technology|
|Franco Bittar Garcia||37||$3.5 B||Brazil||Fashion & Retail|
|Xu Yi||31||$3.4 B||China||Media & Entertainment|
|RJ Scaringe||38||$3.4 B||U.S.||Automotive|
|Patrick Collison||32||$3.2 B||Ireland||Technology|
|John Collison||30||$3.2 B||Ireland||Technology|
|Pedro de Godoy Bueno||30||$3.0 B||Brazil||Healthcare|
|Geoffrey Kwok||35||$3.0 B||Hong Kong||Real Estate|
|Yin Xin||36||$3.0 B||China||Media & Entertainment|
|Huang Jinfeng||38||$3.0 B||China||Fashion & Retail|
|Cameron Winklevoss||39||$3.0 B||U.S.||Finance & Investments|
|Tyler Winklevoss||39||$3.0 B||U.S.||Finance & Investments|
|Paul Sciarra||40||$2.9 B||U.S.||Technology|
|Chen Tianshi||36||$2.8 B||China||Technology|
|Tony Xu||36||$2.8 B||U.S.||Technology|
|Victor Jacobsson||39||$2.7 B||Sweden||Fiannce & Investments|
|Caroline Hagen Kjos||37||$2.6 B||Norway||Diversified|
|Adam Kwok||38||$2.6 B||Hong Kong||Real Estate|
|André Street||36||$2.5 B||Brazil||Finance & Investments|
|Chang Jing||38||$2.5 B||China||Technology|
|Byju Raveendran and Divya Gokulnath||39||$2.5 B||India||Technology|
|Austin Russell||26||$2.4 B||U.S.||Automotive|
|Jonathan Kwok||29||$2.4 B||Hong Kong||Real Estate|
|David Chen||40||$2.4 B||Singapore||Media & Entertainment|
|Tom Persson||36||$2.3 B||Sweden||Fashion & Retail|
|Jared Isaacman||38||$2.3 B||U.S.||Technology|
|Andrew Paradise||38||$2.3 B||U.S.||Media & Entertainment|
|Sebastian Siemiatkowski||39||$2.2 B||Sweden||Finance & Investments|
|Timur Turlov||33||$2.1 B||Russia||Finance & Investments|
|Gong Yingying||36||$2.1 B||China||Healthcare|
|Katarina Martinson||39||$2.1 B||Sweden||Diversified|
|Andy Fang||28||$2.0 B||U.S.||Technology|
|Stanley Tang||28||$2.0 B||U.S.||Technology|
|Christopher Kwok||35||$1.9 B||Hong Kong||Real Estate|
|Ipek Kirac||36||$1.9 B||Turkey||Diversified|
|Kevin Systrom||37||$1.9 B||U.S.||Technology|
|Fred Ehrsam||32||$1.9 B||U.S.||Finance & Investments|
|Nick Molnar||30||$1.8 B||Australia||Finance & Investments|
|Joachim Ante||38||$1.8 B||Germany||Technology|
|Drew Houston||38||$1.8 B||U.S.||Technology|
|Said Gutseriev||32||$1.7 B||Russia||Energy|
|Ginia Rinehart||34||$1.7 B||Australia||Metals & Mining|
|Hope Welker||35||$1.7 B||Australia||Metals & Mining|
|Bill Liu||38||$1.7 B||China||Technology|
|Peter Szulczewski||39||$1.7 B||Canada||Technology|
|Lisa Draexlmaier||30||$1.6 B||Germany||Automotive|
|Eva Maria Braun-Luedicke||34||$1.6 B||Germany||Healthcare|
|Heikki Herlin||34||$1.6 B||Finland||Manufacturing|
|Ryan Cohen||35||$1.6 B||Canada||Fiannce & Investments|
|Friederike Braun-Luedicke||37||$1.6 B||Germany||Healthcare|
|Wen Yilong||32||$1.5 B||China||Manufacturing|
|Zeng Chaolin||38||$1.5 B||China||Metals & Mining|
|Alexandra Andresen||24||$1.4 B||Norway||Diversified|
|Katharina Andresen||25||$1.4 B||Norway||Diversified|
|Karl Friedrich Braun||38||$1.4 B||Germany||Healthcare|
|Trevor Milton||39||$1.4 B||U.S.||Automotive|
|Ludwig Theodor Braun||31||$1.3 B||Germany||Healthcare|
|Anna Kasprzak||31||$1.3 B||Denmark||Fashion & Retail|
|Whitney Wolfe Herd||31||$1.3 B||U.S.||Technology|
|André Kasprzak||34||$1.3 B||Denmark||Fashion & Retail|
|Hakan Koc||36||$1.2 B||Germany||Automotive|
|Nik Storonsky||36||$1.2 B||UK||Technology|
|Christian Bertermann||37||$1.2 B||Germany||Automotive|
|Ryan Graves||37||$1.2 B||U.S.||Technology|
|Cheng Wei||38||$1.2 B||China||Service|
|Lu Zhilin||38||$1.2 B||China||Manufacturing|
|Sachin Bansal||39||$1.2 B||India||Fashion & Retail|
|Huang Yimeng||39||$1.2 B||China||Media & Entertainment|
|Wang Han||33||$1.1 B||China||Diversified|
|Anne Werninghaus||35||$1.1 B||Brazil||Manufacturing|
|Binny Bansal||38||$1.1 B||India||Technology|
|Sanjit Biswas||39||$1.1 B||U.S.||Technology|
|Vlad Tenev||34||$1.0 B||U.S.||Fiannce & Investments|
|Baiju Bhatt||36||$1.0 B||U.S.||Finance & Investments|
|Hou Jianbin||39||$1.0 B||China||Service|
The U.S. is home to the most millennial billionaires at 33 total, with China coming in second at 23—most other countries fall far behind.
In the U.S., millennial billionaires are often associated with notable tech companies like Snapchat, Airbnb, and Facebook. Others are heirs of massive family fortunes like Lukas Walton—grandson of Sam Walton, the founder of Walmart and the original head of America’s richest family.
In China, some millennial billionaires really stand out, like Relx founder, Kate Wang. The 39-year-old started her e-cigarette and vape company only three years ago, at age 36, and is expected to soon be vying for the title of richest woman in China.
Overall, billionaires were up $8 trillion in combined net worth compared to 2020 with around 493 new people added to the list in 2021.
In fact, 86% of all billionaires are richer than a year ago. But let’s look at how wealth changed for the millennials in the billionaires club. Here’s a look at the difference in net worth from 2020 to 2021 for the top five richest millennials:
- Mark Zuckerberg: +$35 Billion
- Zhang Yiming: +$19.4 Billion
- Yang Huiyan: +$9.3 Billion
- Dustin Moskovitz: +$8.5 Billion
- Su Hua: +$14.9 Billion
For each of the top 25 millennial billionaires, net worth either increased or was unchanged (or they were new to the title of billionaire). This is true for all except one person—Lukas Walton, whose net worth decreased by almost $3 billion from 2020 to 2021.
The Average Millennial
While there are around 106 millennial billionaires worldwide, their combined net worth is only a fraction of total billionaire wealth. So how much economic power and influence does this generation really hold?
When looking at the average American millennial’s wealth, the Generational Power Index has determined that this young generation only holds 9.6% of economic power in the U.S. Here’s a quick look at millennial wealth metrics in the U.S.:
- Millennials only make up 7% of American business leaders
- They own $73 billion in equities and mutual fund shares
- They represent 13% of small business leaders
- They make up 7% of American billionaire wealth
Globally, there are an estimated 1.8 billion millennials. Among that cohort, there are just over 100 people worth billions—and given that many are still in the early part of their careers, there is likely to be many millennial billionaires yet to come.
The Richest Women in America in One Graphic
Only 12% of billionaires in the U.S. are women. Who is part of this prestigious group of the richest women in America?
The Richest Women in America in One Graphic
The majority of the world’s billionaires hail from the United States.
But of the 724 American billionaires whose net worths are tracked daily by Forbes, only 86 are women. That’s just 12% of the country’s billionaires.
This visualization examines the select few who have made the cut into this prestigious list, using data compiled from Forbes’ real-time billionaires list.
Note: All data is as of November 1, 2021 unless otherwise stated.
Top 10 Richest Women in America
Since 2020, MacKenzie Scott has donated over $8.5 billion and counting of her wealth. Yet, she still remains one of the richest women in the world. This is largely due to the Amazon shares that she received in her divorce settlement.
Amazon’s stock performance soared amid the pandemic, which resulted in the initial value of her shares ($38.3 billion) nearly doubling.
|Top 10 overall||Name||Net Worth||Age||Source of wealth|
|#1||Alice Walton||$68.1 B||72||Walmart|
|#2||MacKenzie Scott||$56.1 B||51||Amazon|
|#3||Julia Koch & family||$52.2 B||59||Koch Industries|
|#4||Jacqueline Mars||$31.5 B||82||Candy, pet food|
|#5||Miriam Adelson||$29.2 B||76||Casinos|
|#6||Abigail Johnson||$26.2 B||59||Money management|
|#7||Laurene Powell Jobs & family||$16.7 B||57||Apple, Disney|
|#8||Diane Hendricks||$11.7 B||74||Roofing|
|#9||Ann Walton Kroenke||$9.3 B||72||Walmart|
|#10||Blair Parry-Okeden||$8.8 B||71||Media, automotive|
Miriam Adelson inherited her late husband’s 57% stake (worth ~$19 billion) in Las Vegas Sands, making her one of the richest newcomers to the Forbes list. The casinos have locations across Las Vegas, Singapore, and Macao.
Several of the women in this top 10 list also share membership with some of the richest families in America—from the Walmart Waltons, to the Johnsons at the helm of Fidelity Investments and Fidelity International.
The Oldest Richest Women in America
The oldest female billionaire in the world, Alice Schwartz, is 95 years old. She co-founded Bio-Rad Laboratories with her husband, which operates in the life sciences research and clinical diagnostics markets. They started the company in 1952 with only $720 in the bank.
|Oldest||Name||Net Worth||Age||Source of wealth|
|#1||Alice Schwartz||$3.0 B||95||Biotech|
|#2||Wilma Tisch||$1.4 B||94||Diversified|
|#3||Doris Fisher||$2.8 B||90||Gap|
|#4||Johnelle Hunt||$4.7 B||89||Trucking|
|#5||Marian Ilitch||$4.4 B||88||Little Caesars|
|#6||Pauline MacMillan Keinath||$8.5 B||87||Cargill|
|#7||Margot Birmingham Perot||$4.2 B||87||Computer services, real estate|
|#8||Martha Ingram & family||$3.9 B||86||Book distribution, transportation|
|#9||Janice McNair||$4.2 B||85||Energy, sports|
|#10||Norma Lerner||$1.1 B||85||Banking|
After her husband’s passing in 2018, Janice McNair (aged 85) took over his 80% stake in the NFL team Houston Texans, which ranks highly as one of the world’s most valuable sports teams. This also subsequently catapulted her position as being among the wealthiest sports owners in the country.
The Youngest Richest Women in America
In the online dating era, Whitney Wolfe Herd has made a name for herself. The female-first dating app she co-founded, Bumble, grew into a formidable competitor for her former employer, Match Group (which owns Tinder and OkCupid, among others).
At age 31, Wolfe Herd became the youngest self-made female CEO in the country after Bumble’s $2.2 billion IPO in February 2021.
|Youngest||Name||Net Worth||Age||Source of wealth|
|#1||Whitney Wolfe Herd||$1.2 B||32||Dating app|
|#2||Rihanna||$1.7 B||33||Cosmetics, music|
|#3||Neha Narkhede||$1.4 B||37||Software|
|#4||Lynsi Snyder||$4.2 B||39||In-N-Out Burger|
|#5||Kim Kardashian West||$1.2 B||41||Cosmetics, reality TV|
|#6||Jane Lauder||$6.7 B||48||Estée Lauder|
|#7||Amy Wyss||$2.0 B||50||Medical equipment|
|#8||Sara Blakely||$1.2 B||50||Spanx|
|#9||MacKenzie Scott||$56.1 B||51||Amazon|
|#10||Aerin Lauder||$4.2 B||51||Cosmetics|
Wearing many hats from influencer to entrepreneur, socialite Kim Kardashian West’s cosmetics and fashion companies (KKW Beauty and shapewear line Skims) have catapulted her to a newfound billionaire status. She has a set of diverse revenue streams, from reality TV royalties to blue-chip and real estate investments.
Top 20 Self-Made Richest Women in America
The self-made label is an additional fascinating avenue to explore. Forbes defines this category as people who establish a fortune independently, rather than partly or wholly through inheritance.
One of the newest entrants into this mix is Rihanna. She already enjoyed significant success as an entertainer, with her claim to fame being one of the best-selling artists of the 2010s. However, it was her entrepreneurial spirit that put her on the Forbes list in August 2021. Rihanna owns 50% of her cosmetics company, Fenty Beauty. The other half is run by Bernard Arnault, who is among the world’s top billionaires.
Here is the rest of the top 20 self-made richest women in America:
|Self-Made||Name||Net Worth||Age||Source of wealth|
|#1||Diane Hendricks||$11.7 B||74||Roofing|
|#2||Judy Faulkner||$6.5 B||77||Health IT|
|#3||Meg Whitman||$6.3 B||65||eBay|
|#4||Judy Love||$5.2 B||84||Retail and gas stations|
|#5||Marian Ilitch||$4.4 B||88||Little Caesars|
|#6||Johnelle Hunt||$4.1 B||89||Trucking|
|#7||Thai Lee||$4.1 B||62||IT Provider|
|#8||Lynda Resnick||$4.0 B||78||Agriculture|
|#9||Gail Miller||$3.2 B||77||Car dealerships|
|#10||Doris Fisher||$2.8 B||90||Gap|
|#11||Alice Schwartz||$3.0 B||95||Biotech|
|#12||Oprah Winfrey||$2.7 B||67||Media|
|#13||Elaine Wynn||$2.2 B||79||Casinos, hotels|
|#14||Peggy Cherng||$2.0 B||73||Fast food (Panda Express)|
|#15||Sheryl Sandberg||$1.9 B||51|
|#16||Rihanna||$1.7 B||33||Cosmetics, music|
|#17||Jayshree Ullal||$1.7 B||60||Computer networking|
|#18||Safra Catz||$1.6 B||59||Software|
|#19||Jenny Just||$1.5 B||53||Fintech|
|#20||Eren Ozmen||$1.4 B||62||Aerospace|
Source: Forbes, as of Aug 2021 (latest available)
For those paying attention to the rapid rise of the fintech industry, Jenny Just’s entry on this list will come as no surprise. Her firm, Apex Fintech Solutions powers the trading technology behind companies like SoFi and eToro. In fact, she has started or bought 15 businesses in the space in just 24 years.
As the richest women in America continue to make great strides, this list could look very different in coming years.
Visualizing The World’s Largest Sovereign Wealth Funds
To date, only two countries have sovereign wealth funds worth over $1 trillion. Learn more about them in this infographic.
Visualized: The World’s Largest Sovereign Wealth Funds
Did you know that some of the world’s largest investment funds are owned by national governments?
Known as sovereign wealth funds (SWF), these vehicles are often established with seed money that is generated by government-owned industries. If managed responsibly and given a long enough timeframe, an SWF can accumulate an enormous amount of assets.
In this infographic, we’ve detailed the world’s 10 largest SWFs, along with the largest mutual fund and ETF for context.
The Big Picture
Data collected from SWFI in October 2021 ranks Norway’s Government Pension Fund Global (also known as the Norwegian Oil Fund) as the world’s largest SWF.
The world’s 10 largest sovereign wealth funds (with fund size benchmarks) are listed below:
|Country||Fund Name||Fund Type||Assets Under Management (AUM)|
|🇳🇴 Norway||Government Pension Fund Global||SWF||$1.3 trillion|
|🇺🇸 U.S.||Vanguard Total Stock Market Index Fund||Mutual fund||$1.3 trillion|
|🇨🇳 China||China Investment Corporation||SWF||$1.2 trillion|
|🇰🇼 Kuwait||Kuwait Investment Authority||SWF||$693 billion|
|🇦🇪 United Arab Emirates||Abu Dhabi Investment Authority||SWF||$649 billion|
|🇭🇰 Hong Kong SAR||Hong Kong Monetary Authority Investment Portfolio||SWF||$581 billion|
|🇸🇬 Singapore||Government of Singapore Investment Corporation||SWF||$545 billion|
|🇸🇬 Singapore||Temasek||SWF||$484 billion|
|🇨🇳 China||National Council for Social Security Fund||SWF||$447 billion|
|🇸🇦 Saudi Arabia||Public Investment Fund of Saudi Arabia||SWF||$430 billion|
|🇺🇸 U.S.||State Street SPDR S&P 500 ETF Trust||ETF||$391 billion|
|🇦🇪 United Arab Emirates||Investment Corporation of Dubai||SWF||$302 billion|
SWF AUM gathered on 10/08/2021. VTSAX and SPY AUM as of 09/30/2021.
So far, just two SWFs have surpassed the $1 trillion milestone. To put this in perspective, consider that the world’s largest mutual fund, the Vanguard Total Stock Market Index Fund (VTSAX), is a similar size, investing in U.S. large-, mid-, and small-cap equities.
The Trillion Dollar Club
The world’s two largest sovereign wealth funds have a combined $2.5 trillion in assets. Here’s a closer look at their underlying portfolios.
1. Government Pension Fund Global – $1.3 Trillion (Norway)
Norway’s SWF was established after the country discovered oil in the North Sea. The fund invests the revenue coming from this sector to safeguard the future of the national economy. Here’s a breakdown of its investments.
|Asset Class||% of Total Assets||Country Diversification||Number of Securities|
|Public Equities||72.8%||69 countries||9,123 companies|
|Fixed income||24.7%||45 countries||1,245 bonds|
|Real estate||2.5%||14 countries||867 properties|
As of 12/31/2020
Real estate may be a small part of the portfolio, but it’s an important component for diversification (real estate is less correlated to the stock market) and generating income. Here are some U.S. office towers that the fund has an ownership stake in.
|601 Lexington Avenue, New York, NY||45.0%|
|475 Fifth Avenue, New York, NY||49.9%|
|33 Arch Street, Boston, MA||49.9%|
|100 First Street, San Francisco, CA||44.0%|
As of 12/31/2020
Overall, the fund has investments in 462 properties in the U.S. for a total value of $14.9 billion.
2. China Investment Corporation (CIC) – $1.2 Trillion (China)
The CIC is the largest of several Chinese SWFs, and was established to diversify the country’s foreign exchange holdings.
Compared to the Norwegian fund, the CIC invests in a greater variety of alternatives. This includes real estate, of course, but also private equity, private credit, and hedge funds.
|Asset Class||% of Total Assets|
As of 12/31/2020
A primary focus of the CIC has been to increase its exposure to American infrastructure and manufacturing. By the end of 2020, 57% of the fund was invested in the United States.
“According to our estimate, the United States needs at least $8 trillion in infrastructure investments. There’s not sufficient capital from the U.S. government or private sector. It has to rely on foreign investments.”
– Ding Xuedong, Chairman, China Investment Corporation
This has drawn suspicion from U.S. regulators given the geopolitical tensions between the two countries. For further reading on the topic, consider this 2017 paper by the United States-China Economic and Security Review Commission.
Preparing for a Future Without Oil
Many of the countries associated with these SWFs are known for their robust fossil fuel industries. This includes Middle Eastern nations like Kuwait, Saudi Arabia, and the United Arab Emirates.
Oil has been an incredible source of wealth for these countries, but it’s unlikely to last forever. Some analysts believe that we could even see peak oil demand before 2030—though this doesn’t mean that oil will stop being an important resource.
Regardless, oil-producing countries are looking to hedge their reliance on fossil fuels. Their SWFs play an important role by taking oil revenue and investing it to generate returns and/or bolster other sectors of the economy.
An example of this is Saudi Arabia’s Public Investment Fund (PIF), which supports the country’s Vision 2030 framework by investing in clean energy and other promising sectors.
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