The 10 Richest Young Internet Entrepreneurs 2024
The 21st century has seen an explosion of young internet entrepreneurs creating billion-dollar empires. In this article, we take a look at the ten richest young internet billionaires under the age of 40. I would of rather had the list of young billionaires under the age of 30, however, unfortunately, for the first time in 15 years, there are no self-made billionaires under the age of 30.
The Five Richest Young Billionaires
- Mark Zuckerberg: He is 39 years old with a net worth of $200 billion. He founded Facebook with his friends.
- Dustin Moskovitz: He is 39 years old with a net worth of $22.7 billion. He cofounded Facebook.
- Nathan Blecharczyk: He is 40 years old and worth $10.5 billion. He cofounded Airbnb.
- John Collison: He is 33 years old with an estimated net worth of $7.2 billion. He cofounded Stripe with his brother.
- Patrick Collison: He is 35 years old and worth $7.2 billion. He’s one of the founders of Stripe.
The five richest have only three companies between them. Facebook was founded by five friends, and Stripe was founded by the Collisons. There may be something to be learned from that. If you want to be a successful and rich internet entrepreneur, then you should get business partners.
The Richest Billionaire Young Entrepreneurs
1. Mark Zuckerberg: $200 billion
Mark Zuckerberg (39) is the founder and CEO of Facebook, the world’s largest social media network. He is worth an astounding $200 billion, making him the 4th richest person in the world (his net worth as increased by over $50 billion in the last 5 months because his wealth is tied to Metas valuation which is at over $1 trillion). Zuckerberg has transformed how we connect online, creating a platform that has become integral to our daily lives. He is constantly working on new innovations, such as virtual reality and augmented reality, to enhance the user experience on his platform. He is also the worlds most famous young entrepreneur, having founded Facebook in his early 20’s while at Harvard university.
An interesting fact about Mark Zuckerberg: He is known for wearing the same grey t-shirt every day.
His motivation when he started his business: Mark Zuckerberg’s motivation to establish his business stemmed from a desire to connect individuals and build a more open and interconnected world through technology.
Best motivational quote: “The biggest risk is not taking any risk. In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”
Assets owned: He owns 13% of Facebook and bought WhatsApp for $19 billion along with 84 other companies.
2. Dustin Moskovitz: $22.7 billion
Dustin Moskovitz (39) is a co-founder of Facebook and is worth $22.7 billion. After leaving Facebook, he founded Asana, a productivity company that helps teams manage their tasks and projects. Moskovitz is a philanthropist, having donated millions of dollars to causes such as fighting poverty and immigration reform. He is also a signatory of The Giving Pledge, a commitment to donate the majority of his wealth to charitable causes.
An interesting fact about Dustin Moskovitz: He is the youngest self-made billionaire in history.
His motivation when he started his business: He wanted to help more teams do the great work by reducing their workload.
Best motivational quote: “The only reason you should be an entrepreneur is because that’s the only way the idea will come into the world.”
Assets owned: He has 2% stake in Facebook and owns several luxurious properties, including a real estate in Palo Alto, California.
3. Nathan Blecharczyk: $10.5 billion
Nathan Blecharczyk (40) co-founded Airbnb, the world’s largest online marketplace for short-term lodging rentals. He is worth $10.5 billion and is currently the Chief Strategy Officer of Airbnb. Blecharczyk oversees the company’s global strategy and operations. He is also a board member of The Pritzker Foundation, a philanthropic organization that supports innovative solutions to societal problems.
An interesting fact about Nathan Blecharczyk: He initially started Airbnb to make extra money to pay his rent.
His motivation when he started his business: He, together with his friends, Brian Chesky and Joe Gebbia, started Airbnb out of a practical need to make rent in San Francisco.
Best motivational quote: “For entrepreneurs, choosing your co-founders is like a professional marriage. You’re going to go through tough times, and you need to remember that ideas can change, but business partners can’t.”
Assets owned: He owns around 62 million shares in Airbnb.
4. John Collison: $7.2 billion
John Collison (33) cofounded Stripe, a payment processing company that helps businesses accept payments online. The Collison brothers started Stripe when they were teenagers, and it has since grown into a significant player in the financial tech industry. They continue innovating with new features and have expanded Stripe’s capabilities beyond payment processing.
An interesting fact about John Collison: He learned how to code at the age of eight.
Best motivational quote:
“One of the myths you see in entrepreneurship is that people have this dream one night, wake up the next morning, and start building it. It’s actually much more of an iterative process.” – John Collison
5. Patrick Collison: $7.2 billion
Patrick Collison (35) cofounded Stripe, a payment processing company that helps businesses accept payments online. The Collison brothers started Stripe when they were teenagers, and it has since grown into a significant player in the financial tech industry. They continue innovating with new features and have expanded Stripe’s capabilities beyond payment processing.
An interesting fact about Patrick Collison: He dropped out of college at the age of 19 to start Stripe.
Their motivation when they started their business: They wanted to simplify the payment process online for businesses.
Best motivational quote: “One of the important lessons of the Internet is, how easy it is to get things done completely shapes what gets created. For that reason, technologies like Amazon’s cloud service are very important. Even if they aren’t technically impressive, they make things easy to do.”
Assets owned: They each own about 10% of Stripe. John bought a historical mansion in Ireland for €20 million. On the other hand, Patrick was a bit privy about his expenditures.
6. Kevin Systrom: $2.6 billion
Kevin Systrom (40) founded Instagram, a social media app that allows users to share photos and videos. Systrom has since left Instagram but continues to invest in startups. He aims to create products people love to use and improve their lives. Systrom is also a philanthropist, donating millions of dollars to causes such as education and the environment.
Kevin Systrom sold Instagram to Facebook for $1 billion in cash and stock in 2012.
An interesting fact about Kevin Systrom: He was an intern at Odeo, which later became Twitter.
His motivation when he started his business: He started Instagram from the premise that each and every person has a visual voice inside.
Best motivational quote: “Do what you love and do it well – that’s much more meaningful than any metric.”
Assets owned: He owned 40% of Instagram prior to its acquisition by Facebook.
7. Tony Xu: $2.1 billion
Tony Xu (39) co-founded DoorDash, a food delivery service that partners with local restaurants to deliver food to customers. He is worth $2.1 billion and aims to create an efficient and reliable food delivery service for everyone. Xu is also a philanthropist, having donated millions of dollars to causes such as education and healthcare.
An interesting fact about Tony Xu: He initially started DoorDash as a class project at Stanford University.
His motivation when he started his business: He wanted to help small businesses become successful.
Best motivational quote: “If you’re an aspiring entrepreneur, I would say find something you’re obsessive about because the journey to building anything of meaning, I believe, will take years, maybe decades.”
Assets owned: He owns about 4.6% of DoorDash.
8. David Karp: $2 billion
David Karp (37) founded Tumblr, a microblogging platform that allows users to share text, photos, and videos. He is worth $2 billion. Karp has since left Tumblr but continues to invest in startups. He aims to create products people love to use and improve their lives. Karp is also a philanthropist, donating millions of dollars to causes such as education and the environment.
An interesting fact about David Karp: He coded the original version of Tumblr in just two weeks.
His motivation when he started his business: He wanted to explore the potential of the online platforms for artistic expression.
Best motivational quote: “Entrepreneur is someone who has a vision for something and a want to create.”
Assets owned: He owned about 25% of Tumblr prior to its acquisition by Yahoo plus stake worth more than $200 million. Yahoo bought the company for $1.1 billion.
9. Stanley Tang: $1.2 billion
Stanley Tang (32) cofounded DoorDash, a food delivery service that partners with local restaurants to deliver food to customers. DoorDash has become a major player in the food delivery industry, expanding to over 4,000 cities across the United States, Canada, and Australia. Tang and Fang aim to create an efficient and reliable food delivery service for everyone.
We interviewed Stanley before DoorDash became such a big success; it’s well worth a read.
An interesting fact about Stanley Tang: He created his first business at the age of 14.
Best motivational quote: “Success comes down to hard work plus passion, over time. If you work really, really hard over a long period of time, it will pay off.”
Assets owned: He owns about 4% of DoorDash.
10. Andy Fang: $1.2 billion
Andy Fang (32) cofounded DoorDash. Since then, the company has become a major player in the food delivery industry, expanding to over 4,000 cities across the United States, Canada, and Australia. Tang and Fang aim to create an efficient and reliable food delivery service for everyone.
DoorDash went public in December 2020 and is currently worth approximately $62 billion.
An interesting fact about Andy Fang: He initially started DoorDash to help his parents’ Chinese restaurant survive.
Assets owned: He owns about 4% of DoorDash.
Richest Self-Made Billionaires Under 30
In recent years, there has been a notable increase in the number of self-made millionaires and billionaires under the age of 30. These young entrepreneurs have achieved remarkable success in various industries including technology, finance, and entertainment. Many of them have disrupted traditional business models and embraced innovation to build their fortunes. Their stories serve as inspiration for aspiring entrepreneurs and demonstrate the potential for instantaneous success in business today.
However as of right now there is only one billionaire who is self-made and is still under 30 years old.
And that is 26-year-old Jimmy Donaldson aka ‘MrBeast’ from YouTube. Now thought by some to be worth $10 billion and his whole business revolves around his YouTube channel. Incredible.
The Qualities Needed to Become a Successful Young Entrepreneur
Qualities that can give someone an advantage at becoming a future young billionaire include a combination of strong technical skills, an entrepreneurial mindset, ability to see and take advantage of changing market trends, a strong network of mentors and industry connections, and a visionary approach to innovation. These qualities, when combined with hard work and dedication, can significantly increase one’s chances of achieving success. Though to become a billionaire, I think you also need a lot of luck and to be in the right place at the right time.
These young internet billionaires on this list have not only created successful businesses but also disrupted industries and revolutionized how we live our lives. They continue to invest in new startups and work towards creating a better world.
Don’t Miss Our Video of the 5 Richest Internet Entrepreneurs!
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Micheal this list pretty much let’s people know that you can become successful, it just takes hard work and a dream…and it proves that good things comes to those who wait…I will be working my butt off to make this list one day..
People might not know me at this second but I will continue to put myself out there for the world to see.
Micheal you always do good work bro..
“TrafficColeman “Signing Off”
Hey Antonio,
Thanks for your comment and your input. I agree with you that it takes a lot of hard-work but if you want to be successful you have to roll with the punches.
Hope to see you here again soon.
Take care
Aarron
Great list Aaron! Hopefully it inspires another generation of entrepreneurs to bring some great new businesses to the forefront.
As TrafficColeman said before me, hard work and a dream are at the core of the success of most of these people . . . of course, some also had a bit of luck (and good timing) on their side as well.
Hey Joshua,
Thanks for the comment and for the kind words. I too hope that the next generation of entrepreneurs will become as successful; if not more so than the current entrepreneurs!
It takes a lot of hard-work and perseverance to get to their level but it goes to show that hard-work definitely pays off in dividends if you stick to your guns and keep yourself motivated. Always have a set of goals to achieve, it will keep you on your toes and make sure you are reaching for the stars.
I’m glad you enjoyed the post.
Take care
Aarron
Hi Aarron
You are absolutely right. It does takes a lot of perseverance and discipline to get to their level. This list is great to keep the motivation towards achieving our goals. Great list. Thank you!
Awesome list brother!!!!
Just goes to show what’s possible man.
This morning I watched “The Social Network” and it was totally awesome. Mark Zuckerberg is Steve Jobs of our time. And just now you come up with another awesome list of entrepreneurs. This is too cool.
Thanks!
Thanks for this list, Interesting and inspiring as usual. Great work, guys.
Awesome compilation list Aaron! I will be sure to print this out and tape it on the wall so I can look at it every day as motivation!
Hi Monique
Thanks for your very flattering compliment, I’m glad I’ve helped to keep you motivated.
Come back soon and take care.
Aarron
I absolutely LOVE this list. I think people will find it refreshing to see the array of people – from the well-known to people who stay under the radar. I will be sure to share this! 🙂
Awesome list Michael,
Thanks so much for introducing us to a lot of new entrepreneurs. Mark Zuckerberg is really making the waves all these days.
frankly i only know about 3 people in the list. it is great to know that more young prople are creating online empires that the world can use .They are changing the world and making huge fortunes from it.
am impspired.
I was surprised that the list contained individuals and companies I’d never heard of. Just goes to show: find a niche!
How about the next list for wealthiest pensioners who got online after they’d retired from the day job? 🙂
Clive
You made me laugh today
If Micheal doesn’t do it, looking forward to reading on your blog the Wealthiest Pensioners Online list!!!!!
Another great eyeopening post Micheal
Sue
Hey there Clive,
Thank you for your comment and of course for your idea/request regarding the more mature online entrepreneurs.
I will certainly consider looking into that for a future post, not sure how viable it is, but nonetheless I shall look into it. glad you enjoyed the post.
Take care
Aarron
hey, really impressive. I’m passed 30 but I still want to make this kind of money.
Hi Michael,
I love these list you do because they show us young entrepreneurs can hang with the big dawgs. It’s interesting to see the different ideas people come up with and how they take those ideas and turn them into profit. Great post as usually.
Sean
Great list Michael. A lot of guys would be wasting time doing nothing at these ages, but these guys have achieved money, fame and security for themselves and families at such young age.
Everybody would be very proud of them. Thank you for the post.
Prajwal Shinde
Wow! What a fantastic list. I’m going to make it on a list like this, but for entreprenuers over 40.
fantastic research as always. i hope you did not make any mistake like the net-worth in the previous lists. 🙂
Wow what a list, I’m surprised by some of the wealth that has been created, that’s incredible! Most notably is the Groupon founder, what a high growth story there, amazing!
Need more women on that list? Lets go ladies make some money!!!
Hi michael.
Another Great List for our inspiration 😀 The fortune of mark growth really fast
Thank You For the article
Anass
GREAT ARTICLE, BRODA. IT JUST AN INSPIRATIONAL ARTICLE TO ME. I REALLY APPRECIATE IT.
BABS OMOT DENN
Awesome list. As many noted above, I knew about quite a few, but was great to read about those I had never heard of.
Great list Aaron! Hope to be on the list someday! Thanks a lot for sharing. Have fun..
Thanks Samuel,
It’s always nice to see the comments, especially when they have helped make an impact on others (even if that is by just helping to motivate them).
Take care of yourself and be sure to come back soon.
Aarron
These successful young entrepreneurs are very hardworking and smart enough to run their business. I admire their passion and vision in their mind. If they can make it, we also can do it.
Thanks Michael for this inspiring list of young entrepreneurs.
Thanks for the list, Mike! It really inspires me when I see those youngsters got rich in no time online. Now is my time to shine, too! I just made my new blog and I am on the process of making contents to it.
To our success everyone!
What a great list of achievements! It is very inspirational and shows that you can do anything if you set your mind to it. Well done 🙂
Great list! Such inspiring stories!
Wow! Again you have the absolute best list posts on the planet well at least for business and internet stuff. This such interesting mix from all across the web I love that, nice!
Great write up, it is really inspiring to hear about all those successes. Gives me something to live up to!
It would be pretty cool to be on this list. But I guess it’s to late LOL
Well well, I hope I’ll make it a millionaire before 40 😉
Hi Michael,
This list is awesome, it’s amazing that the “internet” can be a place where ideas and innovation can be launched and when it adds value to people’s lives then it can make a man or woman very wealthy !! You continue to inspire me personally and thousands of other people as well with these lists.
I created an online magazine titled NextStopIncome.com – The magazine for Internet Entrepreneurs. The purpose of the magazine is that I interview people that are running successful online businesses. The magazine sells for $3.50 per issue.
Talk to you soon,
Russell Handy
CEO & Founder of NextStopIncome.com
Hmmm… only 2 women on this list. We’ll have to change that in the future! 😛 great list nonetheless. Thanks for sharing!
Dear Michael
Greetings
very good post brother, can I translate it into Arabic and publish it in my blog, I will mention the source
waiting your answer
Regards,
Michael, i am really impressed to see the list, thanks for the post, it gave me the enthusiasm to get started what i am doing…. 🙂
This is very inspiring to see these young professionals reach such heights in business…makes me want to try harder and work longer 🙂
Inspiring list. Keep it coming
I was wondering if I would be in that list in the next 2 years of my life. I know its impossible but I am not losing hope and will keep on moving up. I know today is not the day but maybe tomorrow will be. Thanks for inspiring me more to do more of everything.
Compelling list. Great Job.
It’s very inspiring seeing young professionals work their way to millions and billions. Thanks Josh!