While some people are yet to figure out their life before 40, others are already amazing wealth and fortune for themselves. We have discovered the latest crop of young billionaires who have made it to the billionaire’s club before the age of 40 in America.
In fact, the youngest billionaire on our list is a 26-year-old Austin Russel with a net worth of $2.4 billion. Some of these billionaires are self-made and have struck it rich through their innovative companies mostly in the tech space. On the other hand, others inherited their fortune and have built on it.
To compile this list, we used Forbes’s real-time billionaire tracker data to source for all the youngest billionaires in the United States under the age of 40. We also ranked them according to their age and net worth.
Top 31 Youngest Billionaires in America 2022 Under Age 40
Meet the 31 youngest American billionaires according to their net worth below.
1. Ryan Breslow
Age: 27
Net Worth: $2 Billion
Source of Wealth: E-Commerce
Country: United States
Ryan Breslow is the founder and CEO of Bolt, the technology company that is democratizing commerce by bringing lightning-fast, one-click checkout to the world. Breslow is also one of the youngest billionaires in the world.
The company secured an $11 billion valuation from investors in January. In addition to that, an anonymous user disclosed that he owns a 25% stake that’s worth about $2.75 billion. However, the young founder declined the comment on his shares.
2. Austin Russell
Age: 27
Net Worth: $1.6 Billion
Source of Wealth: Autonomous Car Tech
Austin Russell is the 26-year-old founder and CEO of Luminar, a startup in Silicon Valley that makes LIDAR sensors for self-driving cars.
LIDAR technology had been used for short-distance mapping, but Luminar claims to have a functioning LIDAR that works at 250 meters, which is a breakthrough. Luminar went public through a SPAC merger in December. Austin Russell owns about a third of the company.
Interestingly, Russell dropped out of Stanford in 2012 after receiving a $100,000 Thiel Fellowship to start Luminar Technologies.
3. Gary Wang
Age: 28
Net Worth: $5.9 Billion
Source of Wealth: FTX
Nationality: United States
Gary Wang is one of the richest crypto billionaires with a net worth of $5.9 billion. Wang is the co-founder and chief technology officer of FTX. He currently holds 1 16% stake in FTX’s global business and over $600 million worth of FTT, the native token of FTX.
4. Andy Fang
Age: 29
Net Worth: $1.1 Billion
Source of Wealth: DoorDash
Andy Fang is a Chinese-American billionaire tech entrepreneur. He is best known as the co-founder and Chief Technology Officer at DoorDash, which he started along with Stanley Tang, Tony Xu, and Evan Moore in 2013.
He owns about a 4% stake in DoorDash, which listed its shares on the New York Stock Exchange in early December 2020
5. Stanley Tang
Age: 29
Net Worth: $1.2 Billion
Source of Wealth: Doordash
DoorDash, the food delivery app Fang and Tang co-founded in 2013, became more prevalent than ever during the pandemic as restaurants and customers pivoted to delivery.
Tang owns about 4% of DoorDash, which went public on the New York Stock Exchange in early December 2020.
6. Sam Bankman-Fried
Age: 30
Net Worth: $24 Billion
Source of Wealth: Crypto Trading
Sam Bankman-Fried is one of the youngest billionaires in the world with an estimated net worth of $8.7 billion. He built his massive crypto fortune at an astonishing speed, having launched both trading firm Alameda Research, which manages $2.5 billion in assets, and crypto derivatives trading platform FTX. Bankman-Fried embraces a philosophy called Effective Altruis.
His goal is to make as much money as he can so that he can give away as much as possible. In 2020, he gave $5 million to a pro-Biden super PAC, making him one of the president’s biggest donors.
7. Alex Atallah
Age: 30
Net Worth: $2.2 Billion
Source of Wealth: OpenSea
Country: United States
Allex Atallah is the Chief Technology Officer of OpenSea, a marketplace for nonfungible tokens–digital assets that represent real-world objects, like art. Atallah co-founded the company with CEO Devin Finzer in 2018. The pair became billionaires after a funding round that valued their company at $13.3 billion.
8. Devin Finzer
Age: 31
Net Worth: $2.2 Billion
Source of Wealth: OpenSea
Country: United States
Devin Finzer the CEO of OpenSea, a marketplace for nonfungible tokens–digital assets that represent real-world objects like art. Finzer co-founded OpenSea in 2018 along with Alex Atallah with each of them owning an 18% stake. Finzer became the first NFT billionaire in 2021 after private investors valued their company at $13.3 billion.
9. Evan Thomas Spiegel
Age: 32
Net Worth: $7.1 Billion
Source of Wealth: Snapchat
Evan Thomas Spiegel is an American businessman who is the co-founder and CEO of the American social media company snap inc., which he created with Bobby Murphy and Reggie Brown while they were students at Stanford University. Evan Thomas Spiegel, CEO of Snap, became a billionaire at the age of 25.
10. Joseph Lau
Age: 32
Net Worth: $2.4 Billion
Source of Wealth: Alchemy
Joseph Lau is the co-founder of Alchemy, whose software powers thousands of blockchain-based Web3 companies. Founded in 2020, Alchemy was valued by private investors at $10.2 billion in February 2022; Viswanathan owns an estimated 26% stake.
11. Bobby Murphy
Age: 33
Net Worth: $7.6 Billion
Source of Wealth: Snapchat
Bobby Murphy is an American internet entrepreneur and one of the co-founders of Snap Chat Inc, a hugely successful social media company.
Murphy, Snap’s Chat Chief Technology Officer, built the popular social media app with Evan Spiegel, his Stanford University Fraternity friend.
Murphy together with his partner Spiegel owns more than 30% of Snap but has voting shares that give them control over the board. Since Snap Chat. success, Murphy has invested roughly $30 million into real estate and still owns about 18% of Snap Chat Inc.
12. Fred Ehrsam
Age: 33
Net Worth: $2.9 Billion
Source of Wealth: Cryptocurrency exchange
Fred Ehrsam is the co-founder of cryptocurrency exchange Coinbase in 22012 along with Brain Armstrong. The platform has since grown to become the largest US crypto brokerage.
In 2017, Ehrsam left the company but remains on board and still owns about 6% of its stock. In April 2021, Coinbase went public. He co-founded Paradigm in 2018, a cryptocurrency investment firm with more than $1 billion in assets.
13. Nikil Viswanathan
Age: 34
Net Worth: $2.4 Billion
Source of Wealth: Alchemy
Nikil Viswanathan is the co-founder of Alchemy, whose software powers thousands of blockchain-based Web3 companies. Founded in 2020, the company was valued by private investors at $10.2 billion in February 2022; Viswanathan owns an estimated 26% stake.
14. Lukas Walton
Age: 35
Net Worth: $17.6 Billion
Source of Wealth: Walmart
Lukas Walton is an American billionaire heir. He is the grandson of Sam Walton, the founder of Walmart. Lukas Walton inherited his fortune when his father, John Walton, died in a 2005 plane crash. He received about one-third of his father’s estate.
Lukas Walton owns stakes in Walmart, First Solar, and Arvest Bank, though he does not work for the companies. Walton has donated at least $149 million to his family’s namesake foundation, where he chairs the environment program committee.
15. Tony Xu
Age: 37
Net Worth: $1.6 Billion
Source of Wealth: Doordash
Tony Xu is a billionaire Chinese-American technology executive and the co-founder and CEO of DoorDash. He along with Andy Fang and Stanley Tang founded the restaurant delivery service in 2013. Xu became a billionaire in 2020 after the company’s IPO.
DoorDash is America’s largest food delivery service. It connects 18 million customers with 390,000 restaurants and other merchants like CVS. Xu was born in China and moved to the U.S. at age five. Growing up, his mom worked as a server at a local Chinese restaurant.
16. Chris Wanstrath
Age: 37
Net Worth: US$1.4 billion
Source of Wealth: Github and Microsoft
Chris Wanstrath is an American technology entrepreneur. In 2008, he co-founded* the software company Github along with Tom Preston-Werner. In 2018, Microsoft announced it was going to buy the company for US$7.5 billion in an all-stock deal. At the time, Wanstrath was the largest individual shareholder. He now works at Microsoft as a technical fellow.
17. Baiju Bhatt
Age: 38
Net Worth: $2.9 Billion
Source of Wealth: Stock Trading
Baiju Bhatt is an Indian-American billionaire entrepreneur and co-founder of no-fee stock trading app Robinhood along with his friend Vlad Tenev. Bhatt was co-CEO of Robinhood until November 2020, when he stepped down from that position.
In August 2020, private investors valued Robinhood at more than $11 billion in a fundraising round. Bhatt owns an estimated 10.5% stake in Robinhood.
18. Mark Zuckerberg
Age: 38
Net Worth: $79 Billion
Source of Wealth: Facebook
Mark Zuckerberg is an American billionaire and the CEO of Facebook. Mark created Facebook in 2004 and took it public in 2012. Zuckerberg still owns about 15 per cent of the stock. In 2015, he and his wife, Priscilla Chan, pledged to donate 99 per cent of their Facebook stake during their lifetimes.
19. Dustin Moskovitz
Age: 38
Net Worth: $13.2 Billion
Source of Wealth: Facebook
Dustin Moskovitz is the co-founder of Facebook who helped launch the social media platform in 2004 with then-roommate Mark Zuckerberg from their Harvard dorm. In 2008, he left the social network and co-founded Asana, a workflow software company.
Most of Moskovitz’s net worth lies in an estimated 2% stake in Facebook.
20. Kevin Systrom
Age: 38
Net Worth: US$1.7 billion
Source: Instagram
Kevin Systrom is an American computer programmer and entrepreneur. In 2010, he co-founded the photo-sharing mobile phone app Instagram. In 2012 the company was bought in stock and cash by Facebook for US$1 billion. At the time, Systrom owned 40 per cent of the company. He stayed on as Instagram’s CEO until leaving the company in 2018.
21. Nathan Blecharczyk
Age: 39
Net Worth: $10.1 Billion
Source of Wealth: Airbnb
Nathan Blecharczyk is the co-founder of Airbnb along with Brian Chesky and Joe Gebbia in 2008. Blecharczyk, who is chief strategy officer, was the company’s first engineer. He is also the chairman of Airbnb China.
Airbnb’s business took a hit during the pandemic; in May 2020 the company laid off 25% of its workforce, nearly 1,900 people. Airbnb went public in a blockbuster IPO in December 2020.
22. Scott Duncan
Age: 39
Net Worth: $6.8 Billion
Source of Wealth: Pipelines, Inherited
Scot Duncan and his three older siblings each inherited a stake in their late father Dan’s pipeline firm, Enterprise Product Partners, in 2010. Founded in 1968, the company owns natural gas processing plants, oil and gas storage facilities and about 50,000 miles of oil and gas pipelines
23. Brian Armstrong
Age: 39
Net Worth: $6.6 Billion
Source of Wealth: Cryptocurrency
Brian Armstrong is an American billionaire business executive and investor who is the CEO of cryptocurrency trading company Coinbase. A former Airbnb software engineer, Armstrong cofounded Coinbase in San Francisco in 2012 with former currency trader Fred Ehrsam.
In April 2021, Coinbase went public in a direct offering on Nasdaq briefly reaching a market capitalization of $100 billion. Armstrong owns a stake of about 19% in Coinbase, which earned $322 million in profits on nearly $1.3 billion in revenue in 2020.
24. Lynsi Snyder
Age: 39
Net Worth: $4.2 Billion
Source of Wealth: In-N-Out Burger
Lynsi Lavelle Snyder-Ellingson is an American billionaire businesswoman, the owner and heiress of the In-N-Out Burger company. She became a billionaire in 2017 on her 35th birthday, when she received the final portion of her inheritance, an additional stake in the chain.
25. Jared Isaacman
Age: 39
Net Worth: US$1.8 billion
Source: Payment Processing
Jared Isaacman is an American billionaire businessman and pilot. He is the founder and CEO of Shift4 Payments, a payment processor. Shift4 handles payments for a third of America’s restaurants and hotels; Isaacman took it public in June 2020 and owns 38% of the stock.
Jared founded Draken International in 2011, a defence firm that trains Air Force pilots and owns the world’s largest private fleet of military aircraft. Isaacman sold a majority stake in Draken to Wall Street firm Blackstone in 2019 for a nine-figure sum.
26. Drew Houston
Age: 39
Net Worth: $1.7 Billion
Source of Wealth: Cloud Storage Service
Andrew W. Houston is an American Internet entrepreneur, and the co-founder and CEO of Dropbox, an online backup and storage service. Houston co-founded the company in 2007, when he was 24, with MIT classmate Arash Ferdowsi.
The cloud storage provider went public in March 2018, with shares jumping more than 35% on its first day. Houston owns more than 20% of the company and is Dropbox’s largest individual shareholder.
27. Brian Chesky
Age: 40
Net Worth: $12.7 Billion
Source of Wealth: Airbnb
Brian Joseph Chesky is an American billionaire businessman and industrial designer. He is the co-founder of the peer-to-peer room and home rental company Airbnb along with Nathan Blecharczyk and Joe Gebbia.
Airbnb went public in a blockbuster IPO on December 10, 2020, with the share price more than doubling to upwards of $144.
28. Joe Gebbia
Age: 40
Net Worth: $11 Billion
Source of Wealth: Airbnb
Joseph Gebbia is an American billionaire designer and Internet entrepreneur. He is a co-founder and chief product officer (CPO) of the peer-to-peer room and home rental company Airbnb with Brian Chesky and Nathan Blecharczyk in 2008.
Gebbia and Chesky met in college at Rhode Island School of Design. Before becoming chief product officer of Airbnb, Gebbia initially wanted to pursue fine art painting and host gallery shows in New York City.
29. Ernest Garcia III
Age: 40
Net Worth: $3 Billion
Source of Wealth: Used Cars
Ernest C. Garcia III is an American billionaire businessman, and the CEO and co-founder of Carvana, an eCommerce platform for buying and selling used cars.
Garcia launched Carvana in 2012 as a subsidiary of DriveTime, a traditionally used car business that operates 126 dealerships in 25 states. He started Carvana as a way to sell used cars directly instead of relying on middlemen; the company also offers financing services.
30. Ben Silbermann
Age: 40
Net Worth: $1.5 Billion
Source of Wealth: Pinterest
Ben Silbermann is an American billionaire Internet entrepreneur. He is the co-founder and CEO of Pinterest, a social media network and self-described ‘visual discovery engine,’ which lets users organize images, links, recipes and other things.
Silbermann along with co-founders launched the first desktop version of Pinterest in March 2010.
31. Sanjit Biswas
Age: 40
Net Worth: $1.6 Billion
Source of Wealth: Sensor Systems
Sanjit Biswas is an American billionaire and the co-founder of Samsara, a company that offers hardware and cloud-based software to collect and analyze data. Biswas serves as the CEO of Samsara, which is based in San Francisco.
The company operates in North America and Europe and has more than 20,000 customers. Before Samsara, Biswas and his business partner co-founded the cloud networking company Meraki, which they sold to Cisco in 2012 for $1.2 billion.
