The richest people in today’s globe are frequently employed in the technology sector, and this is especially true of the youngest billionaires. Kevin David Lehmann, who received a share of the German pharmacy chain dm-drogerie markt from his father, is currently the youngest billionaire. Lehmann’s net worth is believed to be approximately $3.3 billion at the age of only 18.
Lehmann has a sizable fortune, but it is nothing compared to that of Jeff Bezos, the creator and CEO of Amazon. Bezos is currently the richest person in the world by a large margin; his net worth is estimated to be approximately $190 billion. Bezos apparently earns over $321 million each day, or about $237,000 per minute, to put this into context.
A number of well-known names come to mind when thinking of youthful investors. Warren Buffett, who became a millionaire by the age of 32 and a billionaire by the age of 56, is undoubtedly one of the most well-known. The interest in cryptocurrency investing has also increased recently, and numerous young investors have found financial success in this area. For instance, Erik Finman, who invested in Bitcoin and became a millionaire at the age of 18, currently has a net worth of almost $5 million.
It’s hard to say for sure who the wealthiest 23-year-old is because net worth varies so considerably. Kylie Jenner, who became a millionaire at the age of 21 as a result of her cosmetics enterprise, might be a contender. Despite a minor decline in recent years, her current estimated net worth is approximately $900 million.
Do investors have the potential to become billionaires? Yes, in a nutshell, but it’s definitely not simple. To achieve that level of wealth, it typically takes a combination of diligent effort, astute investing, and a little bit of luck. It’s not impossible, as the aforementioned examples demonstrate, and young people in particular have a lot of potential to amass wealth through investing.
The amount that a 21-year-old should have saved varies depending on personal factors including income, expenses, and financial objectives. However, financial professionals typically advise starting early with investments for long-term financial growth and having at least three to six months’ worth of living expenses saved in an emergency fund.