With over 2,755 billionaires across the globe, it’s worth noting that only about 100 of them are millennials i.e. born between 1981 and 1996. What’s also worth mentioning is that these 100+ millennial billionaires share a combined net worth of $573.1 billion.
In 2021, the oldest millennial will be turning 40, whereas the youngest will be turning 25. Therefore, with the exception of Wang Zelong (24, Chinese) and Kevin David Lehmann (18, Germany), millennial billionaires happen to be the youngest billionaires for now.
Moreover, most millennial billionaires (33) are based in the US with China coming in a close second (23).
Most American millennial billionaires are affiliated with tech companies such as Airbnb, Facebook, and Snapchat. As for others, most have inherited colossal family fortunes.
Shedding light on Chinese millennial billionaires, the founder of Relx, Kate Wang is on her way to becoming the richest woman in China.
Nearly 493 new people have become billionaires this year. Moreover, the combined net worth of all billionaires around the world increased by $8 trillion over the last year.
When it comes to the changing wealth of millennial billionaires from 2020 to 2021, Mark Zuckerberg’s net worth went up the most i.e. +$35 Billion. Following him are Zhang Yiming (+$19.4 Billion), Yang Huiyan (+$9.3 Billion), Dustin Moskovitz (+$8.5 Billion), and Su Hua (+$14.9 Billion).
Basically, all individuals who made it to the top 25 millennial billionaires list either found their net worth unchanged or up from what it was in 2020. Lukas Walton is the only exception to it since his net worth took a massive hit of almost $3 billion over the last year.
Coming to an average American millennial for a second now, the Generational Power Index has discovered that the said demographic cohort holds less than 10% of economic power in the country.
For starters, only 7% of the American business leaders and 13% of the small business leaders are millennials. Also, millennials own just $73 billion in equities and mutual fund shares. Their combined wealth just makes up 7% of the US billionaire wealth.
Yes, there are almost 1.8 billion millennials living on Earth in 2021. However, out of these 1.8 billion, barely over 100 are worth billions. But owing to the fact that several millennials have just entered the professional world, it’s totally possible that more young people will earn the “billionaire” tag in the coming years.
In 2021, the oldest millennial will be turning 40, whereas the youngest will be turning 25. Therefore, with the exception of Wang Zelong (24, Chinese) and Kevin David Lehmann (18, Germany), millennial billionaires happen to be the youngest billionaires for now.
Moreover, most millennial billionaires (33) are based in the US with China coming in a close second (23).
Most American millennial billionaires are affiliated with tech companies such as Airbnb, Facebook, and Snapchat. As for others, most have inherited colossal family fortunes.
Shedding light on Chinese millennial billionaires, the founder of Relx, Kate Wang is on her way to becoming the richest woman in China.
Nearly 493 new people have become billionaires this year. Moreover, the combined net worth of all billionaires around the world increased by $8 trillion over the last year.
When it comes to the changing wealth of millennial billionaires from 2020 to 2021, Mark Zuckerberg’s net worth went up the most i.e. +$35 Billion. Following him are Zhang Yiming (+$19.4 Billion), Yang Huiyan (+$9.3 Billion), Dustin Moskovitz (+$8.5 Billion), and Su Hua (+$14.9 Billion).
Basically, all individuals who made it to the top 25 millennial billionaires list either found their net worth unchanged or up from what it was in 2020. Lukas Walton is the only exception to it since his net worth took a massive hit of almost $3 billion over the last year.
Coming to an average American millennial for a second now, the Generational Power Index has discovered that the said demographic cohort holds less than 10% of economic power in the country.
For starters, only 7% of the American business leaders and 13% of the small business leaders are millennials. Also, millennials own just $73 billion in equities and mutual fund shares. Their combined wealth just makes up 7% of the US billionaire wealth.
Yes, there are almost 1.8 billion millennials living on Earth in 2021. However, out of these 1.8 billion, barely over 100 are worth billions. But owing to the fact that several millennials have just entered the professional world, it’s totally possible that more young people will earn the “billionaire” tag in the coming years.
Take a look at this infographic from VC, for more insights:
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