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Ranked: The World’s 25 Richest Millennial Billionaires

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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.

NameAgeNet WorthCountryIndustry
Mark Zuckerberg36$97.0 BU.S.Tech
Zhang Yiming37$35.6 BChinaTech
Yang Huiyan & family39$29.6 BChinaReal Estate
Dustin Moskovitz36$17.8 BU.S.Tech
Su Hua39$17.8 BChinaMedia & Entertainment
Pavel Durov36$17.2 BRussiaTech
Lukas Walton34$15.6 BU.S.Fashion & Retail 
Eduardo Saverin39$14.6 BBrazilTech
Cheng Yixiao37$14.1 BChinaMedia & Entertainment
Brian Chesky39$13.7 BU.S.Tech
Nathan Blecharczyk37$12.4 BU.S.Tech
Joe Gebbia39$12.4 BU.S.Tech
Bobby Murphy32$11.9 BU.S.Tech
Evan Spiegel30$11.1 BU.S. Tech
Guillaume Pousaz39$9.0 BSwitzerlandFinance & Investments
Sam Bankman-Fried29$8.7 BU.S.Finance & Investments
Agnete Kirk Thinggaard37$8.7 BDenmarkManufacturing
Dmitry Bukhman35$7.9 BRussiaMedia & Entertainment
Igor Bukhman39$7.9 BRussiaMedia & Entertainment
Ernest Garcia, III.38$7.4 BU.S.Automotive
Brian Armstrong38$6.5 BU.S.Finance & Investments
Wang Ning & family34$6.3 BChinaMedia & Entertainment
Scott Duncan38$6.0 BU.S.Energy
David Velez39$5.2 BColombiaFinance & Investments
Kate Wang39$5.0 BChinaManufacturing 
Daniel Ek38$4.6 BSwedenTechnology
Gustav Magnar Witzoe27$4.4 BNorwayFood & Beverage
Steven Meng Yang & family38$4.2 BChinaTechnology
Li Xiang39$4.0 BChinaAutomotive
Ben Silbermann38$3.9 BU.S.Technology
Lynsi Snyder38$3.6 BU.S.Food & Beverage
Apoorva Mehta34$3.5 BCanadaTechnology
Franco Bittar Garcia37$3.5 BBrazilFashion & Retail 
Xu Yi31$3.4 BChina Media & Entertainment
RJ Scaringe38$3.4 BU.S.Automotive
Patrick Collison32$3.2 B Ireland Technology
John Collison30$3.2 BIrelandTechnology
Pedro de Godoy Bueno30$3.0 BBrazil Healthcare
Geoffrey Kwok35$3.0 BHong KongReal Estate
Yin Xin36$3.0 BChinaMedia & Entertainment
Huang Jinfeng38$3.0 BChinaFashion & Retail
Cameron Winklevoss39$3.0 BU.S.Finance & Investments
Tyler Winklevoss39$3.0 BU.S.Finance & Investments
Paul Sciarra40$2.9 BU.S. Technology
Chen Tianshi36$2.8 BChinaTechnology
Tony Xu36$2.8 BU.S.Technology
Victor Jacobsson39$2.7 BSwedenFiannce & Investments
Caroline Hagen Kjos37$2.6 BNorwayDiversified
Adam Kwok38$2.6 BHong KongReal Estate
André Street36$2.5 BBrazilFinance & Investments
Chang Jing38$2.5 BChinaTechnology
Byju Raveendran and Divya Gokulnath39$2.5 BIndiaTechnology
Austin Russell26$2.4 BU.S.Automotive
Jonathan Kwok29$2.4 BHong KongReal Estate
David Chen40$2.4 BSingaporeMedia & Entertainment
Tom Persson36$2.3 BSwedenFashion & Retail
Jared Isaacman38$2.3 BU.S. Technology
Andrew Paradise38$2.3 BU.S. Media & Entertainment
Sebastian Siemiatkowski39$2.2 BSwedenFinance & Investments
Timur Turlov33$2.1 BRussiaFinance & Investments
Gong Yingying36$2.1 BChinaHealthcare
Katarina Martinson39$2.1 BSwedenDiversified
Andy Fang28$2.0 BU.S.Technology
Stanley Tang28$2.0 BU.S. Technology
Christopher Kwok35$1.9 BHong KongReal Estate
Ipek Kirac36$1.9 BTurkeyDiversified
Kevin Systrom37$1.9 BU.S.Technology
Fred Ehrsam32$1.9 BU.S. Finance & Investments
Nick Molnar30$1.8 BAustraliaFinance & Investments
Joachim Ante38$1.8 BGermanyTechnology
Drew Houston38$1.8 BU.S. Technology
Said Gutseriev32$1.7 BRussiaEnergy
Ginia Rinehart34$1.7 BAustraliaMetals & Mining
Hope Welker35$1.7 BAustraliaMetals & Mining
Bill Liu38$1.7 BChinaTechnology
Peter Szulczewski39$1.7 BCanadaTechnology
Lisa Draexlmaier30$1.6 BGermanyAutomotive
Eva Maria Braun-Luedicke34$1.6 BGermanyHealthcare
Heikki Herlin34$1.6 BFinlandManufacturing
Ryan Cohen35$1.6 BCanadaFiannce & Investments
Friederike Braun-Luedicke37$1.6 BGermanyHealthcare
Wen Yilong32$1.5 BChinaManufacturing
Zeng Chaolin38$1.5 BChinaMetals & Mining
Alexandra Andresen24$1.4 BNorwayDiversified
Katharina Andresen25$1.4 BNorwayDiversified
Karl Friedrich Braun38$1.4 BGermanyHealthcare
Trevor Milton39$1.4 BU.S.Automotive
Ludwig Theodor Braun31$1.3 BGermanyHealthcare
Anna Kasprzak31$1.3 BDenmark Fashion & Retail
Whitney Wolfe Herd31$1.3 BU.S.Technology
André Kasprzak34$1.3 BDenmarkFashion & Retail
Hakan Koc36$1.2 BGermanyAutomotive
Nik Storonsky36$1.2 BUKTechnology
Christian Bertermann37$1.2 BGermanyAutomotive
Ryan Graves37$1.2 BU.S.Technology
Cheng Wei38$1.2 BChinaService
Lu Zhilin38$1.2 BChinaManufacturing
Sachin Bansal39$1.2 BIndiaFashion & Retail
Huang Yimeng39$1.2 BChinaMedia & Entertainment
Wang Han33$1.1 BChinaDiversified
Anne Werninghaus35$1.1 BBrazil Manufacturing
Binny Bansal38$1.1 BIndiaTechnology
Sanjit Biswas39$1.1 BU.S.Technology
Vlad Tenev34$1.0 BU.S.Fiannce & Investments
Baiju Bhatt36$1.0 BU.S.Finance & Investments
Hou Jianbin39$1.0 BChinaService

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.

Billionaire Growth

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.

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Wealth

Ranked: The World’s Top 50 Endowment Funds

Endowment funds represent the investment arms of nonprofits. See the worlds top 50, which collectively have over $1 trillion in assets.

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Ranked: The World’s Top 50 Endowment Funds

What do Harvard, the Church Commissioners for England, the NYC Metropolitan Museum of Art, and an entity on behalf of Saudi Arabia’s King Abdullah all have in common? They all have endowment funds.

An endowment fund is the investment arm of nonprofit institutions like universities, charities, and churches. The purpose of the fund is to invest the organization’s assets to fuel future operations and other important projects.

The world’s largest endowment funds have billions in investable assets, making them sizable players in the finance sector. Here, using data from Sovereign Wealth Fund Institute, we take a closer look at the world’s largest endowment funds by total assets.

Types of Endowment Funds

Overall, there are four main types of endowment structures.

  • Unrestricted Endowment: A fund structure where assets are used at the full discretion of the institution
  • Term Endowment: A fund structure with a fixed term time period before the principal can be spent
  • Quasi Endowment: A donation to an endowment with a specific purpose to deploy that capital
  • Restricted Endowment: A fund structure where the principal value from donations is held forever and only returns generated on the principal can be used

In addition, each endowment fund has different structures in regards to withdrawals, use of funds, and their general investment philosophy.

The Largest Endowment Funds

The largest endowment funds can be compared on a grand economic scale, in terms of assets.

To put it all into perspective, the largest 50 endowment funds represent over a trillion dollars in assets. Or for a more singular example, look at Harvard’s fund, which has an endowment greater than the entire GDP of countries like Serbia, Bolivia, or Slovenia.

Here’s how the top 50 rank.

RankEndowment FundTotal AssetsRegion
1Ensign Peak Advisors, Inc$124,000,000,000North America
2Japan Science and Technology Agency$80,700,000,000Asia
3Stanford University$75,143,751,000North America
4Harvard Management Company$72,781,329,000North America
5Yale University$56,223,259,000North America
6Princeton University$44,460,038,000North America
7MIT Investment Management Company$42,526,492,000North America
8Duke University$30,385,835,000North America
9New York University$27,840,535,000North America
10Columbia University in the City of New York$24,698,782,000North America
11University of Notre Dame$24,599,541,000North America
12KAUST Investment Management Company$23,500,000,000Middle East
13Emory University$20,458,905,000North America
14Johns Hopkins University$18,037,751,000North America
15Church Pension Fund$17,773,649,171North America
16University of Chicago$17,276,136,000North America
17Ohio State University$16,006,851,000North America
18Northwestern University$15,855,683,000North America
19Washington University in St Louis$15,103,569,000North America
20Penn State University, Office of Investment Management$15,017,272,000North America
21Notre Dame of Maryland University$14,938,580,253North America
22Cornell University$14,850,618,000North America
23University of Southern California$14,495,427,000North America
24Vanderbilt University$13,883,495,000North America
25University of Virginia Investment Management Compnay$13,811,076,000North America
26University of Tokyo$13,285,270,000Asia
27National University of Singapore$12,626,100,000Asia
28UNC Management Company$11,986,857,000North America
29University of Michigan Office of Investments$11,900,000,000North America
30General Authority of Awqaf$11,238,371,192Middle East
31Church Commissioners for England$11,197,700,000Europe
32J.Paul Getty Trust$10,778,927,000North America
33Trinity Wall Street Episcopal Church$9,932,419,000North America
34Unitersity of Utah$9,827,602,000North America
35Brown University$9,793,108,000North America
36Kamehameha Schools$9,326,013,000North America
37Dartmouth College$9,078,340,000North America
38Hong Kong Jockey Club$8,603,580,000Asia
39Rice University$8,424,555,000North America
40The Leona M. and Harry B. Helmsley Charitable Trust$8,313,588,000North America
41University of Pittsburgh$8,011,856,000North America
42Nature Conservancy$7,870,380,000North America
43University of Toronto Asset Management Corporation$7,329,730,000North America
44University of Rochester$7,149,025,000North America
45Virginia Commonwealth University$6,985,495,306North America
46Purdue University$6,755,500,000North America
47University of Miami$6,582,600,000North America
48University of Minnesota$6,304,508,000North America
49Caltech Investment Office$6,252,584,000North America
50Metropolitan Museum of Art of New York City$5,588,554,000North America

The largest endowment fund, Ensign Peak Advisors, is based in Salt Lake City, Utah, and manages the assets for the Mormon Church (officially known as the Church of Jesus Christ of Latter-day Saints). The church itself has over 16 million members worldwide and is the fourth largest church in America.

The Japan Science and Technology Agency (JST) is a national research and development agency that plays a core role in promoting technology, innovation, and science within society. In 1995, Japan’s government passed the Science and Technology Basic Plan and the JST came to life and now has over $80 billion in assets as well as offices in Paris, Washington, Singapore, and Beijing.

Just two funds come from the Middle East. The King Abdullah University of Science and Technology (KAUST) with $23.5 billion and the General Authority of Awqaf. KAUST is ranked 95th amongst universities in the world and made history in the country by being Saudi Arabia’s first mixed-gender university.

The General Authority of Awqaf has $11 billion in assets and was established as a public authority to manage endowments and enhance Saudi Arabia’s various goals for societal development. “Awqaf” in Arabic loosely translates to assets that are donated or purchased for general or specific charitable causes that are socially beneficial.

On the environmental side is the Nature Conservancy, which has $7.8 billion in assets. The charity is estimated to have protected more than 100 million acres of land.

American Universities Dominate

Universities are one leading category from the world of endowment funds, particularly those from the United States. In fact, universities make up 39 of the top 50 endowment funds, with 35 of them based in America.

Historically, Harvard has been the largest, but Stanford has edged ahead in recent years. Stanford has $75 billion in assets compared to Harvard’s $73 billion. These vast amounts of money have not gone unnoticed, and elite universities are facing mounting criticism in some circles.

“When Harvard’s total admitted freshman class is 1,400 people—and they have an endowment that is the GDP of El Salvador—they’re not a nonprofit, they’re a hedge fund educating the children of their investors.” – Professor Scott Galloway

With student debt rising to $1.6 trillion, it’s likely these universities may face greater criticism around how they use the wealth available to them in endowment funds.

Sizable Influence

The top endowment funds carry considerable influence within the world of finance. While they all have billions to invest, each has very different objectives and intentions on how to deploy their capital.

And despite being non-profit organizations, endowment funds are seeing their overall assets exceed those held by many other investment funds, such as sovereign wealth funds, hedge funds, and private equity firms.

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