There are 7 self-made billionaires under 30 on Forbes' billionaires list this year, and more than half of them are Stanford dropouts

• Seven self-made billionaires under the age of 30 were named in Forbes' World's Billionaires List this year.
• Four of these billionaires are Stanford University dropouts.

Seven self-made individuals under the age of 30 were named in Forbes' World's Billionaires List this year. And of those seven, four dropped out of Stanford University.

The world's youngest self-made billionaires all built their fortunes by founding startups. All but two individuals are US citizens. They are collectively worth $16.1 billion, reported Forbes.

Brazilian-born corporate credit-card startup founders Pedro Franceschi, 25, and Henrique Dubugras, 26, are the world's youngest self-made billionaires named in Forbes' list this year. The pair founded Brex in 2017 after quitting Stanford eight months into their freshman year. Franceschi and Dubugras are worth an estimated $1.5 billion each, per Forbes.

Another Stanford dropout, Ryan Breslow, founded payment-software company Bolt in 2014, when he was a college sophomore, per Bloomberg. This is the first time the 27-year-old Miami native, whose net worth is pegged at $2 billion, has been named to the Forbes Billionaires List.

Sensor-tech entrepreneur Austin Russell founded Luminar when he was an undergrad, according to Forbes. Russell, who is now worth $1.6 billion, dropped out of Stanford in 2012 after getting a $100,000 fellowship from PayPal magnate Peter Thiel.

Two Stanford alumni also made this year's list of self-made billionaires under 30. Food-delivery app cofounders Stanley Tang and Andy Fang, both 29, graduated from the university in 2014, their LinkedIn profiles show. The pair founded DoorDash in 2013. Tang and Fang are worth $1.2 billion and $1.1 billion respectively, per Forbes.

Rounding out the list of self-made billionaires under the age of 30 is cryptocurrency tech mogul Gary Wang, who is worth $5.9 billion. The 28-year-old cofounded Hong Kong-based cryptocurrency exchange FTX with fellow billionaire Sam Bankman-Fried in 2019.

Stanford University is located in Stanford, California, just a few miles from Palo Alto. The university, which is widely regarded as one of the most prestigious in the world, accepted less than 4% of 55,471 applicants for the class of 2025, according to its website. The university's tuition in the most recent academic year cost $57,693.

Forbes launched its annual Billionaires List in 1987. This is the magazine's 36th edition of the list. The list famously generated a wave of controversy when it named Kylie Jenner — of Kardashian family fame and wealth — the world's youngest self-made billionaire in 2019.