World's Billionaires: Here are 6 Youngest Self-made Billionaires of 2024

Forbes', a well-known American business magazine, ranks the current billionaires worldwide each year and adds new ones to the list based on their net worth.

Forbes' World's Billionaires list for 2024 was just revealed and this year, the 25 youngest people on it are worth $110 billion altogether.

However, a few of them are self-made, with notable companies like Snapchat, Gymshark and Oculus VR.

So let's meet six if these young geniuses who have self-made themselves into billionaires.

Evan Spiegel - Snap Inc

Evan Spiegel, 33, is a French-American businessman and CEO of Snap Inc, the company behind popular social media app, Snapchat.

He co-founded Snapchat with his fraternity brothers Bobby Murphy and Reggie Brown in 2011 after dropping out of Stanford University and became a billionaire by the age of 25.

Spiegel, whose net worth is $3.1 billion, owns about a quarter of publicly traded Snap Inc with Murphy, 35, which generated $4.6 billion in revenue last year.

John Collison - Stripe

John Collision, 33, and his brother Patrick, 35, sold their first startup, Auctomatic — an eBay management software which they formed with brothers Harj and Kulveer Taggar — for $5 million in 2007, when John was in secondary school.

After enrolling and dropping out of Harvard, John with his brother founded Stripe, a payment software whose investors have included Fidelity and Ireland’s sovereign development fund.

In 2016, $9.2 billion funding round made him the world's then-youngest self-made billionaire at 26. His current net worth is $7.2 billion.

Ben Francis - Gymshark

Ben Francis, 31, is a British businessman who serves as CEO of Gymshark, a sportswear brand he founded in 2012 with his friend Lewis Morgan in his parents' garage.

Morgan sold his stake in 2020 to private equity firm General Atlantic and Francis still owns 70% of Gymshark, making his net worth $1.3 billion.

Andy Fang and Stanley Tang - DoorDash

Andy Fang, an American tech entrepreneur and Stanley Tang, a Hong Kong tech entrepreneur, both 31, have a net worth of $1.2 billion.

Fang and Tang were dormmates at Stanford, where they teamed up with then-MBA student Tony Xu (now 39) to launched DoorDash in 2013 after noticing limited food delivery options in the area.

They made it public in 2020.

Fang currently runs DoorDash's "LaunchPad" engineering team, while Tang, heads the company's robotics and automation arm, DoorDash Labs.

Palmer Luckey - Oculus VR

Palmer Luckey, 31, an American tech entrepreneur and a self-taught software engineer, made his first fortune when he launched the startup Oculus VR.

He sold a virtual reality headset he'd made at age 16, then cashed out to Facebook in 2014 in a $2 billion deal.

In 2017, Luckey, whose net worth is $2.3 billion, founded the defence technology company Anduril, which has been sending drones to Ukraine. A December 2022 funding round valued Anduril at $8.5 billion.