It can be a depressing thought to realize that there are people your age or younger than you who are rich and famous. Millionaires or billionaires, there are 20-somethings who are enjoying life, making wads of cash, and doing what they want to do with their careers. It shows maybe you should have studied harder in school and not ditched class to hang out in the bathroom to read those murder mysteries.
Or, perhaps you had an excellent idea, like opening a restaurant that allows you to make your own pizza, but you could never get it off the ground. Indeed, many of the most successful young entrepreneurs put in hard work, dedication, and a little bit of luck to their startup success stories.
Are you interested in knowing who the richest young entrepreneurs in the United States are? Here are eight richest and most successful young entrepreneurs with the best startup success stories:
1. Mark Zuckerberg – Facebook
Mark Zuckerberg net worth: $62 billion
Mark Zuckerberg is the most well-known young billionaire entrepreneur on the entire planet. Launching The Facebook, which later turned into just Facebook, Zuckerberg has dominated Silicon Valley and did not let a single thing get in his way. This successful young entrepreneur continues to dominate social media and technology, essentially merging the two and creating one of the most powerful digital ecosystems in the world.
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2. Bobby Murphy – Snap
Bobby Murphy net worth: $2.5 billion
The stock might not be doing well, but Bobby Murphy, the co-founder of Snap, a mobile social media company, became a billionaire when the company went public. Although the company turned down an offer from Facebook and Mark Zuckerberg for an acquisition, a billion dollars were made, and investors are optimistic about Snap’s future. Murphy could add to his fortune as one of the most successful young entrepreneurs.
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3. Evan Spiegel – Snap
Evan Spiegel net worth: $2.5 billion
Evan Spiegel is another successful young entrepreneur who has it all: $2.5 billion in the bank, a gorgeous wife (Miranda Kerr), and a business that is unprofitable but still immensely valued on Wall Street. That’s not too shabby when you’re barely even 30 years of age, especially when you started the company with only a promising idea and just a very small loan.
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4. Nathan Blecharczyk – Airbnb
Nathan Blecharczyk net worth: $3.5 billion
Nathan Blecharczyk could be considered a folk hero, a revered man for taking it to the hotel industry. After decades of squeezing clients, Blecharczyk gave the people another option: their fellow man. Airbnb is a service that is only growing, and there is good reason for that: travelers, families, and businessmen do not need to blow the budget on a hotel room when they can rent someone’s house for half the price. No wonder why he is a billionaire: he has given the people what they want.
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5. John and Patrick Collison – Stripe
John and Patrick Collison net worth: $2.1 billion
The brothers became billionaires by understanding the marketplace and noticing trends. What was one of these trends? Internet payments. And that is how Stripe was born. The digital payments firm has also branched off into other areas, too, including providing banking infrastructure, technical support, and fraud prevention.
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6. Andrew Mason – Groupon
Andrew Mason net worth: $1 billion
On one hand, Groupon’s momentum has trailed off. On the other, the ecommerce marketplace still generates $3 billion a year in revenues. But Groupon struck while the iron was hot, and that is how Andrew Mason became a billionaire. The era of clipping coupons at the kitchen table on a Sunday afternoon was over, but Mason helped made digital couponing a permanent fixture and cemented himself as one of the most successful young entrepreneurs.
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7. Blake Ross – Mozilla
Blake Ross net worth: $150 million
Mozilla Firefox is one of the few companies that can compete with Google – others have tried to eat away at search engine or mobile operating system market share, only to fail. Firefox, however, is in the top three of web browsers:
- Chrome
- Firefox
- Edge
Who should you credit for this success? Blake Ross, the browser’s co-creator who became a millionaire in his 20s.
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8. Jessica Alba – The Honest Company
Jessica Alba net worth: $350 million
Jessica Alba? That name certainly sounds familiar, right? If you have seen historic motion pictures like “Honey,” “Into the Blue,” and “Fantastic Four,” then you will be able to put a face to a name. But if you think Alba made her fortune from making movies, then you’d be wrong. Alba’s $350 million net worth came mostly from tapping into her entrepreneurial spirit and co-founding The Honest Company, a baby and beauty products store.
A century ago, men made their fortunes searching for oil and gold. A few decades ago, men became successful by investing on Wall Street. Today, aside from Jessica Alba, the young and rich entrepreneurs are making their money in technology. And we’re not just talking about Pets.com; we’re talking about mainstream products and services that have transformed the global economy.
Will these businesses be around in a century from now? Probably not, but at least several people, and their subordinates, became ultra wealthy through these companies.
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