The chaos in cryptocurrency and the turmoil in technology have seen many young billionaires fall down the wealth rankings over the past year. These are the 10 who survived.
It is no longer so easy to be young and rich . After the fortunes of many young people soared last year thanks to a burst of momentum in the markets triggered by the pandemic, many of them have slipped down the wealth rankings in 2022 with rising inflation and recession fears taking a toll. directly industries ranging from technology to used car sales.
There are 10 billionaires under 40 on this year ‘s Forbes 400 Richest Americans list, up from 15 last year. One has just outgrown the younger group: In-N-Out Burger heiress Lynsi Snyder (worth an estimated $4.2 billion) turned 40 in May. All the others fell below the limit of 2.7 billion on the list, or what is the same: they fell out of the ranking of billionaires.
Only one new youngster has debuted on the list this year, Gary Wang , the 29-year-old co-founder and CTO of Bahamas-based FTX, a leading exchange for buying crypto derivatives that he started with fellow billionaire Sam Bankman-Fried. , in 2019. Wang thus replaces his 30-year-old co-founder as the youngest person on the Forbes 400 of 2022.
Here are the 10 Forbes 400 2022 members under 40, from oldest to youngest:
10. Scott Duncan
Age: 39
Net worth: 6.9 billion
Rank: 119
Source of wealth: Pipelines
9. Brayan Armstrong
Age: 39
Net worth: 2.7 billion
Rank: 388
Source of wealth: Cryptocurrencies
8. Nathan Blecharczyk
Age: 39
Net worth: $7.7 billion
Position: 93
Source of wealth: Airbnb
7. Mark Zuckerberg
Age: 38
Net worth: 57.7 billion
Rank: 11
Source of wealth: Facebook
6. Dustin Moskovitz
Age: 38
Net worth: 8.1 billion
Position: 83
Source of wealth: Facebook
5. Lucas Walton
Age: 36
Net worth: 20.5 billion
Position: 29
Source of wealth: Walmart
4. Bobby Murphy
Age: 34
Net worth: 2.7 billion
Rank: 388
Source of wealth: Snapchat
3. Evan Spiegel
Age: 32
Net worth: 2.8 billion
Rank: 380
Source of wealth: Snapchat
2. Sam Bankman-Fried
Age: 30
Net worth: 17.2 billion
Rank: 41
Source of wealth: Cryptocurrency exchange
1. Gary Wang
Age: 29
Net worth: 4.6 billion
Rank: 227
Source of wealth: Cryptocurrency exchange
