Andy FangDoorDash
- Sam Bankman-Fried once held the title of the richest person under the age of 30.
- He's now lost 94% of his net worth after FTX imploded under allegations that he misused customer funds.
Last year, FTX CEO Sam Bankman-Fried was considered the richest person under 30 years old.
Now, he's lost 94% of his wealth after the companies he founded, FTX and Alameda Research, went bankrupt. Bankman-Fried faces multiple investigations amid allegations that he misused customer funds.
Gary Wang, another co-founder of FTX, was on Forbes' list of billionaires under 30 this year. However, his net worth was calculated before the implosion of the company he helped found, and he is likely no longer a billionaire.
The rest of the list of billionaires under 30 for 2022 includes some who inherited wealth from their families and some who are self-made, including two founders of DoorDash, the food delivery platform.
Check out some of the youngest billionaires, according to Forbes, and where they made their wealth:
Alexandra Andresen
Alexandra Andresen Instagram
Net worth: $1.1 billion
Andresen, along with her older sister who is also on this list, is one of the richest young people in Norway. She is a part owner of the Norwegian holding company Ferd AS after her father transferred stakes to both of his daughters. She is 26 years old.
Katharina Andresen
Katharina Andresen and her father, Johan H. Andresen Jr. Intagram
Net worth: $1.1 billion
Katharina Andresen is also part owner of Ferd AS, a conglomerate company that owns stakes in financial and real estate companies. According to Andresen's Instagram account, she is taking online courses at Harvard Business School.
Pedro Franceschi
Pedro Franceschi Bloomberg
Net worth: $1.5 billion
Franceschi is the co-founder and co-CEO of Brex, a fintech company that offers business credit cards and spending management software for companies. Brex is worth $12.3 billion, according to TechCrunch, but recently laid off 11% of its staff amid the slowdown in the tech industry. Franceschi grew up in Brazil and is 26 years old.
Henrique Dubugras
Henrique Dubugras Kelly Sullivan/Getty Images
Net worth: $1.5 billion
Dubugras is co-founder and co-CEO of Brex, along with Pedro Franceschi. He was also recently appointed to the board of Expedia Group. He grew up in Brazil, as well.
Austin Russell
Luminar founder and CEO Austin Russell Kimberly White / Stringer
Net worth: $1.6 billion
Austin Russell founded the self-driving car technology company Luminar at just 17 years old. He dropped out of Stanford after only six months after receiving the Thiel Fellowship, the startup accelerator created by Peter Thiel. Luminar went public on the Nasdaq in 2020. Russell is now 27.
Ryan Breslow
Ryan Breslow, co-founder of Bolt and founder of new healthtech startup Love Love
Net worth: $2 billion
Breslow is the founder and chairman of Bolt, an e-commerce payments company that allows customers to buy products with only one click. Bolt was founded in 2014, and is reportedly valued at $11 billion. Breslow is 28 years old.
Gustav Magnar Witzøe
Gustav Magnar Witzoe Vittorio Zunino Celotto/Getty Images
Net worth: $2.4 billion
Witzøe is the wealthiest man in Norway at 29 years old. He owns nearly half of a Norwegian fish-farming company called Salmar after his father gifted him a stake at just 19. The company is one of the world's largest producers of salmon.
Stanley Tang
Stanley Tang Twitter
Net worth: $1.2 billion
Stanley Tang, 29, co-founded the food delivery platform DoorDash along with Andy Fang, who is also on this list. Tang is currently the chief product officer of the company. He is an avid poker player.
Andy Fang
Andy Fang DoorDash
Net worth: $1.1 billion
Fang is another co-founder of DoorDash. The company went public in 2020, causing Fang's net worth to skyrocket. Fang grew up in San Francisco and attended Stanford University.
Kevin David Lehmann
Hyungwon Kang / Reuters
Net worth: $2 billion
Lehmann is a billionaire at just age 20. According to Forbes, he owns 50% of one of the largest drugstore chains in Germany, called drogerie market. His father, Guenther Lehmann, invested in the chain in 1974 and transferred an ownership stake to his son in 2017. However, little is known about Kevin David nor Guenther, according to Forbes.
Wang Zelong
Much of Wang Zelong's wealth comes from his stake in this company CNNC Hua Yuan Titanium Dioxide
Net worth: $1.3 billion
Wang Zelong is a 26-year-old Chinese billionaire, who has invested in companies in China that produce titanium dioxide, according to Forbes.