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Hillary Hoffower and Dominic-Madori Davis
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- Forbes released its 2020 edition of the World's Billionaires List, which ranks the richest people in the world.
- The youngest billionaire on the list, 22-year-old Kylie Jenner, is the founder of Kylie Cosmetics. In late 2019, she agreed to sell 51% of her company to beauty conglomerate Coty Inc. for $600 million. The deal valued her company at $1.2 billion.
- The 15 youngest billionaires in America are collectively worth over $100 billion.
- Visit Business Insider's homepage for more stories.
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Some people don't need to spend a lifetime building wealth.
Forbes just dropped its World's Billionaires List, which ranks and profiles the richest people in the world. The 2,095 billionaires on the list are worth a collective total of $8 trillion, down $700 billion from their collective worth in 2019. The youngest billionaire in America is 22-year-old Kylie Cosmetics founder Kylie Jenner, followed by Snapchat cofounder Evan Spiegel.
Together, the 15 youngest billionaires in America are worth over $100 billion. Here they are, listed in order from oldest to youngest:
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15. Brian Armstrong is the cofounder and CEO of Coinbase.
Age:37
Net worth: $1 billion
Industry: tech
Armstrong is the CEO and cofounder of the cryptocurrency exchange Coinbase. The company was launched in 2012 and was valued at $8 billion in 2018.
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14. Drew Houston is the cofounder and CEO of Dropbox.
Age:37
Net worth: $1.3 billion
Industry: tech
Houston is the CEO and cofounder of DropBox, which has more than 500 million current users. He launched the company in 2007 while he was just 24. The company went public in 2018. Houston still owns over 20% of the company, making him the company's largest individual shareholder.
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13. Lynsi Snyder is owner and heiress to In-N-Out Burger.
Age:37
Net worth:$3.6 billion
Industry: fast food
Lynsi Snyder received her full inheritance to West Coast fast-food chain In-N-Out Burger, founded by her grandparents, on her 35th birthday. Her father and uncle passed away young, and Snyder was the last family heir at age 18. In 2010, she became president and has since expanded In-N-Out.
As Business Insider's Áine Cain reported in October 2018, Snyder is very popular with her employees: At the time, she had a 96% approval rating on Glassdoor.
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12. Scott Duncan is an heir to Enterprise Products Partners.
Age:36
Net worth: $3.6 billion
Industry: oil
Along with his three siblings, Scott Duncan inherited a stake in his father Dan Duncan's pipeline firm, Enterprise Products Partners, in 2010. The company owns natural gas processing plants, oil and gas storage facilities, and oil and gas pipelines. Duncan isn't actively involved.
The Duncans are one of America's wealthiest families: In 2018, they had acollective net worth of $24.8 billion.
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11. RJ Scaringe is the founder of the electric car company Rivian Automotive.
Age:36
Net worth: $1 billion
Industry: automotive
Scaringe is the founder of electric car manufacturer Rivian Automotive. He launched the company in 2009 and debuted his first cars in 2019. He expects the models to be produced later this year.
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10. Kevin Systrom is the cofounder of Instagram.
Age:36
Net worth: $1.3 billion
Industry: tech
Systrom cofounded Instagram with Mike Krieger in 2010. In 2012, the company was bought by Facebook for $1 billion. At the time, Systrom owned 40% of the company. He stayed on as Instagram's CEO until leaving the company in 2018.
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9. Nathan Blecharczyk is the cofounder and chief strategy officer of Airbnb.
Age:36
Net worth: $4.1 billion
Industry: tech
Nathan Blecharczyk co-founded Airbnb with Gebbia and Chesky. He was the company's first engineer. Airbnb now operates in more than 100,000 cities and has 7 million listings worldwide
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8. Chris Wanstrath is the cofounder of GitHub.
Age:35
Net worth: $1.4 billion
Industry: tech
Wanstrath cofounded the software company Github in 2008. In 2018, Microsoft announced it was going to buy the company for $7.5 billion in an all-stock deal. At the time, Wanstrath was the largest individual shareholder. He now works at Microsoft as a technical fellow, according to Forbes.
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7. Dustin Moskovitz cofounded Facebook and Asana.
Age:35
Net worth: $9.3 billion
Industry: tech
Dustin Moskovitz cofounded Facebook with Mark Zuckerberg in 2004. He left Facebook in 2008 to launch workflow software company Asana, which earned more than $100 million in revenue in 2018. Moskovitz still owns an estimated 2% stake in Facebook and has given $1.4 billion away to charity.
As Paige Leskin previously reported for Business Insider, Moskovitz numbers among the many successful tech moguls who never graduated from college: He dropped out of Harvard along with Zuckerberg to pursue Facebook.
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6. Mark Zuckerberg is the cofounder and CEO of Facebook.
Age:35
Net worth: $54.7 billion
Industry: tech
Mark Zuckerberg created Facebook in 2004 and took it public in 2012. Zuckerberg still owns about 15% of the stock. In 2015, he and his wife, Priscilla Chan, pledged to donate 99% of their Facebook stake during their lifetimes.
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5. Julio Mario Santo Domingo III is an heir to one of the world's biggest beer fortunes.
Age:34
Net worth: $1 billion
Industry: beverage
Julio Mario Santo Domingo III's late grandfather owned a large stake in SABMiller after it was acquired by his brewer Bavaria. In 2016, Anheuser-Bush InBev acquired SABMiller for $100 billion. Santo Domingo is an heir to the fortune and a DJ for the NYC-based group Sheik 'N' Beik.
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4. Lukas Walton is heir to the Walmart fortune.
Age:33
Net worth: $18.4 billion
Industry: retail
Lukas Walton is the grandson of Sam Walton, who founded Walmart. When his father, John Walton, died in a plane crash in 2005, he inherited about one-third of John's estate. While he owns a stake in Walmart, he doesn't work for the company and devotes time to philanthropic causes.
The Waltons are the richest family in the US: Three of Lukas' relatives are among the top 15 wealthiest billionaires in the world.
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3. Bobby Murphy is the cofounder and Chief Technology Officer of Snapchat.
Age:31
Net worth: $1.9 billion
Industry: tech
Bobby Murphy cofounded Snapchat with his Stanford fraternity brother Evan Spiegel. As of January 2019, Snap Inc. was worth under $8 billion, Keris Lahiff reported for CNBC.
As Alex Heath reported for Business Insider in 2017, Murphy keeps a relatively low profile and has only given a handful of interviews.
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2. Even Spiegel is the cofounder and CEO of Snapchat.
Age:29
Net worth: $1.9 billion
Industry: tech
Evan Spiegel cofounded multimedia messaging app Snapchat with Murphy. He and Murphy each own roughly 18% of Snap, but have voting shares that allow them control over the board. He's only one of three self-made billionaires in the world not yet 30 and as of 2019 had donated nearly $65 million in Snap stock.
Spiegel is married to supermodel Miranda Kerr.
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1. Kylie Jenner is the founder of Kylie Cosmetics.
Age:22
Net worth: $1 billion
Industry: Cosmetics
Kylie Jenner founded Kylie Cosmetics in 2015. By 2019, Forbes had dubbed her the "youngest self-made billionaire" ever. Having previously owned 100% of her business, in late 2019, Jenner agreed to sell a 51% stake in her company to beauty conglomerate Coty Inc. for $600 million. The deal valued Kylie Cosmetics at $1.2 billion.
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