Majority of young people on Earth spend all of their adult life in chasing money. Some of them get successful with this typical approach while others continue to strive until the very last breath. Almost all of us can never ignore the importance of money at any stage of life but being rich while you are young can definitely add so much fun to how we are living right now.

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But before you start dreaming about your life as a billionaire, let’s be a bit practical and learn about the youngest billionaires in the world right now. Looking at their lives, you will notice that a significant number of billionaires got the prestigious status as a gift from their forefathers. But, there are still few genius business magnates out there who are playing smart on their own and making money chase them.

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As per Forbes in 2018, there are 63 billionaires present under the age of 40. Together these people own $265 Billion. They truly understand that money brings in more responsibilities and to continue with their legacy, they are working hard as any aspiring young professional out there. To set your goals and inspire you for great things in life, here are 10 of the most wealthy adults you should know about. However, the list is based on their age rather than worth.

1. Alexandra Andresen – Age: 22 years

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It might be a surprise for many but the world’s youngest billionaire is a Norwegian heiress, who is also a daughter of Ferd’s owner Johan H. Andresen Jr. Ferd is known as one of the most acclaimed Norwegian investment company around the world that invests heavily in the Nordic Stock Exchange. Moreover the company also owns private equity investments worldwide.

Back in 2007, Johan transferred 42.2% of the Ferd’s ownership stakes to her daughter Alexandra, which is worth $1.4 Billion as of today.

2. Katharina Andresen – Age: 23 years

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The second youngest billionaire in the list also belong to the Andresen family as Katharina is one year older than Alexandra and owns the other 42.2% of Ferd’s ownership stake that was inherited to her as well.

3. Gustav Magnar Witzoe – Age: 25 years

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Well, it looks like Norwegians have all the money in the world as another one to feature in this list is a half owner of SalMar ASA, one of the world’s largest salmon producers. He achieved this status back in 2013 when his father Gustav Magar Sr., who founded SalMar in 1991, transferred his share of wealth to him.

With all the money that Gustav received as a gift, he further invested it into real estate and tech companies.

4. Evan Spiegel – Age: 28 years

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You can become a billionaire by creating something as fun as Snapchat. Today, when you enjoy posting stories and creating longer streaks with friends, you should thank the co founder of Snap Inc. His net worth as of today stands at $4.1 Billion.

5. Ludwig Theodor Braun – Age: 28 years

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Another blessed child to receive an inheritance of more than a billion is Ludwig who owns 10% of shares in medical device firm called B. Braun Melsungen. It was due to the efforts of Ludwig’s father that a small pharmacy of herbal remedies got transformed into a massive medical instruments company.

6. John Collison – Age: 28 years

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If you now trust shopping online, then this all has been possible because of Stripe’s owner John Collison. The company serves as a median between your favorite shopping websites and credit card system in order to provide payment solutions. Although his own net worth stands at $1 Billion, Stripe has recently got itself funding of $20 Billion.

7, Patrick Collison – Age: 30 years

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Patrick is the fortunate brother of world’s sixth billionaire, John, who also operates as the CEO of Stripe at the moment. Both of the brothers first got the idea back in their college days at Boston University and carried on with it for years till the time they even impressed Paypal owners Elon Musk and Peter Theil.

8. Bobby Murphy – Age: 30 years

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Some friends take you a long way and that has certainly been the case for Bobby. He co-founded Snap Inc with Evan Spiegel while studying mathematics and computer science at Stanford University. Today he can easily show off his net worth of $4.2 Billion.

9. Wang Han – Age: 30 years

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Juneyao Group has its wealth spread into various retail, education and food businesses but one that is almost known to everyone in China is Juneyao airlines. Before the founder of the group, Wang Juneyao passed away, he transferred his fare of shares to son Wang Han which summed up to an amount of $1.2 Billion.

10. Eva Maria Braun-Luedicke – Age: 31 years

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We have another 12% owner of B. Braun Melsungen to some up this list. She is the member of the supervisory board and it is because of the sibling’s efforts that the company still managed to make $7.9 Billion out of all the injection solutions and surgical instruments sold in 2017.