The Top 5 Wealthiest Young Billionaires In 2024 from duet moner palmer Watch Video

⏲ Duration: 3:12
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✓ Published: 03-Apr-2024

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It’s a rare feat to become a billionaire, especially at a young age. The average billionaire is 66, and the oldest person in the ranks is 102. Still, a select few have gotten super-rich super young.<br/><br/>For the first time since 2009, every billionaire under 30 inherited his or her fortune—the result of some self-made entrepreneurs aging into their 30s, and a sign that the “great wealth transfer” has begun.<br/><br/>These inheritances illustrate the beginning of a long-anticipated generational wealth transfer among aging populations around the world. In the United States, Baby Boomers and their elders (those born in 1964 or earlier) hold $95.9 trillion of a total $147.1 trillion of household wealth, per the Federal Reserve. Trillions are expected to change hands every year as the affluent elderly pass away and leave their fortunes to descendants.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/monicahunter-hart/2024/03/31/worlds-youngest-billionaires-2024-john-collison-ben-francis-evan-spiegel/?sh=3a7d65a61352<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?s... <br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more: <br/><br/>https://account.forbes.com/membership... <br/><br/>Stay Connected <br/>Forbes newsletters: https://newsletters.editorial.forbes.com <br/>Forbes on Facebook: http://fb.com/forbes <br/>Forbes Video on Twitter: / forbes <br/>Forbes Video on Instagram: / forbes <br/>More From Forbes: http://forbes.com <br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.