- Not that unlike their older peers, the world's youngest billionaires spend their fortune on things such as luxury cars, travel, and shoes.
- Norway is home to three of the world's five youngest billionaires - Gustav Magnar Witzøe, Katharina Andresen, and Alexandra Andresen.
- Only one of the world's five youngest billionaires is self-made, according to Forbes.
- Visit Business Insider's homepage for more stories.
For many people in their 20s, life is a constant balancing act of paying off student debt and finding the funds to be independent while still having fun.
That's not the case for Kylie Jenner and other members of the world's youngest ultrawealthy elite. We have taken a look at the lives of the world's five youngest billionaires as determined by Forbes' 2020 Billionaires List - all 28 years old and under - to see how they spend their days and their practically unlimited funds.
From zooming Ferraris to international dressage competitions, scroll down to meet the world's five youngest billionaires (presented by age in ascending order) and see how they spend their fortunes.
