The United States (US) is home to the greatest number of billionaires under 40, according to analysis from website Money.co.uk and American business magazine Forbes.

This is because the Coronavirus pandemic has caused a dramatic rise in the wealthiest around the globe due to vaccine investments paying off or competition being shut down.

The Forbes Real-Time Billionaire’s list found that only 18 countries across five of the seven continents are home to billionaires under the age of 40.

The next most populated country with young billionaires is China, with a total of 22. Young Chinese billionaires have an average age of 36 and an average wealth of over £4 billion.

Germany ranks third, with a total of nine billionaires; these nine have an average age of 33 and an average wealth of nearly £1.2 billion.

Brazil and Russia are home to five billionaires, respectively, under 40, whilst Hong Kong, Norway, and Sweden are home to four.

Australia and Denmark follow, with three billionaires each; Australian billionaires have an average age of 33, whilst those in Denmark are 34.

Canada, India, and Ireland are home to two billionaires each, with average ages of 34, 38, and 31, respectively.

Finishing off this data are the countries with only one billionaire under the age of 40 – Colombia, Finland, Switzerland, Turkey, and the United Kingdom (UK).

The UK’s only under-40 billionaire is Nik Storonsky, who co-founded financial service company Revolut

Country Number of billionaires under 40 The average age of billionaires (years) The average net wealth of billionaires (GBP)
United States 30 35 6,605,313,450
China 22 36 4,373,292,886
Germany 9 33 1,187,807,945
Brazil 5 35 3,582,302,900
Russia 5 35 5,267,259,600
Hong Kong 4 34 1,752,213,375
Norway 4 28 1,823,009,875
Sweden 4 38 2,000,001,125
Australia 3 33 1,203,540,500
Denmark 3 34 2,713,865,833
Canada 2 34 1,911,505,500
India 2 38 1,274,337,000
Ireland 2 31 6,725,667,500
Colombia 1 39 3,681,418,000
Finland 1 34 1,274,337,000
Switzerland 1 39 6,371,685,000
Turkey 1 36 1,061,947,500
United Kingdom 1 36 849,558,000

 

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