9 Richest People Under 20 In 2023: Revealing Their Gen Z Wealth

Ready to dive into a world where age is just a number and success knows no bounds? Well, buckle up because we’re about to take you on a wild ride through the realm of the “Richest People Under 20.” 


In an era where TikTok dances and viral challenges dominate our screens, it’s easy to forget that some of our peers are out there making major moves in the world of business and finance. That’s right, we’re talking about the young guns who are crushing it, stacking those bills, and showing us that you don’t need to wait until you’re a “grown-up” to make bank. 


From tech prodigies to social media moguls, these Gen Z superstars are rewriting the rulebook and proving that the hustle is ageless. They’re not just content creators or app developers; they’re trailblazers, visionaries, and the definition of #Goals.


So, sit back, relax, and get ready to be inspired by the stories of these young legends who are flipping the script on what it means to be successful in the digital age. It’s time to explore their journeys, and their mind-blowing achievements, and maybe even get a dose of motivation to chase your own dreams.

Common Source Of Wealth Of The Youngest Well-known Millionaires and Billionaires Today

richest people under 20

In the ever-evolving landscape of wealth creation, the emergence of young millionaires and billionaires has become increasingly prominent. The digital age, coupled with innovative thinking and entrepreneurial spirit, has given rise to a new generation of wealthy individuals who are charting their own path to financial success. While their specific sources of wealth may vary, there are several common avenues through which these young achievers accumulate their fortunes.

1. Tech Trailblazers

The young ones are making serious banks by kickstarting next-gen apps, digital solutions, and online platforms. They’re all about that coding life and transforming their innovative ideas into cold, hard cash.

2. Influencer Extraordinaires

These young ones are dominating social media and turning their Insta, TikTok, and YouTube game into a legit money-making hustle. With brand deals, sponsorships, and content creation on fleek, they’re rolling in the dough.

3. E-commerce Titans

Young entrepreneurs are flipping the script on traditional retail. They’re dropshipping and building empires on Shopify, flipping products faster than you can say “online shopping spree.”

4. Crypto Kings and Queens

The young ones are all in on the cryptocurrency craze. They’re holding, trading, and minting NFTs like there’s no tomorrow, and some are making serious paper in the digital gold rush.

5. Esports Heroes

Young gamers aren’t just playing games; they’re making bank from their passion. Pro gaming, streaming, and esports tournaments are their battlegrounds for fame and fortune.

6. Streaming and Content Creation

These young ones are taking over Twitch, YouTube, and other platforms, earning stacks of cash from ad revenue and viewer donations while doing what they love.

7. Online Educators

The young ones aren’t just learning; they’re teaching too. They’re dropping knowledge bombs through online courses, tutorials, and edutainment content, and the money’s flowing in.

8. Sustainable Bosses

These young ones are eco-warriors, building sustainable brands and selling ethical products that vibe with their values. They’re making green while keeping it green.

9. Wellness Gurus

The young ones in the wellness game are creating fitness apps, selling health supplements, and offering online coaching. They’re helping others feel good while making bank themselves.

10. Digital Nomads

These young ones are all about remote work and living the laptop lifestyle. They’re earning dollars from freelancing, remote jobs, and online businesses, all while exploring the world.

These young entrepreneurs are all about leveraging their digital-savvy, forward-thinking, and socially conscious mindset to stack up those cash and live their best lives.

Top 9 Richest Personalities Under 20

Kim Jung-youn

richest under 20
Photo by Nexon

Introducing Kim Jung-youn, the ultimate Gen Z billionaire who’s living her best life! This cool cat inherited a massive fortune from her late father’s holding company, which just so happens to own roughly half of the online gaming giant, Nexon. 


Now, you’d think she’d be all up in the gaming scene, right? But nah, Kim and her sis are all about that low-key life and aren’t really getting into the nitty-gritty of the company’s daily grind. 


Kim Jung-youn’s got the cash, the gaming empire, and the chill vibes, proving that being a billionaire can be a walk in the park…or maybe a virtual stroll through the world of Nexon!


Net Worth: $1.7 Billion


Clemente Del Vecchio

richest under 20

Hold onto your shades, fam, ’cause we’ve got the scoop on the freshest Gen Z billionaire in town – Clemente Del Vecchio! This dude scored his ticket to the billionaire club when his father, Leonardo Del Vecchio, passed away in June 2022.


Now, he might not be clocking in at Luxottica, the powerhouse behind iconic brands like Sunglass Hut, Ray-Ban, and Oakley, but Clemente’s net worth is nothing short of legendary thanks to his family’s eyewear empire. 


He’s basically living proof that when you’ve got a fashion-forward legacy like the Del Vecchio, the big bucks just keep rollin’ in. So, get ready to see this Gen Z billionaire making waves in style, and maybe even dropping a few designer shades of his own!


Net Worth: $3.5 Billion


Kevin David Lehmann

Get ready to meet the one and only Kevin David Lehmann, a 20-year-old legend from Germany who’s casually sitting on a mind-blowing $2.3 billion! 


So, what’s his secret sauce, you ask? Well, this young gun owns a slick 50% stake in Germany’s numero uno drugstore chain, DM (Drogerie Markt).  But here’s the plot twist: neither he nor his dad are grinding it out in the daily hustle of running this colossal retail empire. 🕶


Kevin’s story is basically a masterclass in making bank without breaking a sweat. He’s proof that sometimes, all you need is a genius investment move and a killer business sense to secure your spot in the billionaire club.


Net Worth: $2.3 Billion


JoJo Siwa

richest people under 20

Here comes Joelle Joanie Siwa, but you probably know her as JoJo, the ultimate Gen Z superstar. Her journey kicked off when she slayed it as a contestant on “Abby’s Ultimate Dance Competition,” where young dancers battled it out for a chance at the grand prize of $100,000.


Although she didn’t snatch that prize, her infectious energy landed her a spot on “Dance Moms,” the show that serves up more teen dance drama than you can shake a glittery bow at. 


But JoJo didn’t stop there! She took over the digital world with a bang, launching a YouTube channel, dropping catchy tunes, and creating her iconic bows.  Kids everywhere can’t seem to get enough of her, and the money just keeps rollin’ in. 


JoJo is living proof that when you mix talent, spunk, and a whole lot of sass, you can take over the world one dance move and one bow at a time!


Net Worth: $20 Million


Charli D’Amelio

Meet the one and only Charli D’Amelio, an 18-year-old dancing dynamo who’s not just busting moves for fun, but also stacking that paper.  This Gen Z sensation has taken TikTok by storm and basically claimed the crown as the reigning queen of the app.


With an insane 149 million fans, Charli’s got the biggest TikTok following out there. Like, that’s some serious squad goals! But here’s where it gets even cooler: her whole fam is riding the fame train too! Her parents and her sis Dixie (who’s also in the pic) have their own armies of fans.


And you already know what that means, right? More deals, more endorsements, and a boatload more cash flow! Charli and her fam are living the dream, and they’re basically the blueprint for turning social media stardom into a legit money-making empire.


Net Worth: $20 Million


Millie Bobby Brown

Remember Millie Bobby Brown from “Stranger Things”? She’s, like, only 18 but already a total superstar, with, like, millions of fans and dollars in the bank. She’s been in the biz since way back in 2013 when she was just 11. Crazy, right? But wait, hold onto your smartphones, because Millie’s not going anywhere! 


She’s, like, giving us major girl boss vibes, and her next move is “Enola Holmes 2,” which is gonna be lit AF. So, like, get ready to see her slay the screen for years to come. Millie’s not just a celeb; she’s a whole mood in the entertainment world, and we stan her talent and hustle.


With every project, Millie Bobby Brown proves she’s, like, the future of Hollywood. She’s not just some former child star; she’s, like, the real deal, and we’re totally here for it. So, like, brace yourselves for more Millie magic in the coming years. It’s gonna be epic!


Net Worth: $14 Million


Suri Cruise

Alright, fam, let’s spill the tea on our Gen Z style queen, the fabulous 16-year-old Suri Cruise!  This girl’s got some serious coin, clocking in at around $500,000 in the bank. But hold up, you ain’t seen the whole picture yet. We’re talking about her A-list parents here!


Her mom, the one and only Katie Holmes, is straight-up swimming in cash with an estimated fortune of around $25 million. And her dad? Well, that’s none other than the Hollywood legend himself, Tom Cruise, who’s cruising on at least a cool $600 million. 


And guess what? Those numbers are still climbing as we speak!  So, when we say Suri’s loaded, it’s, like, a major understatement. This Gen Z icon is basically living the dream, thanks to her superstar parents.


Net Worth: $500,000


McKenna Grace

Chances are, you’ve caught a glimpse of the 16-year-old sensation, McKenna Grace, on your screens. But here’s the scoop – this girl’s got some serious cash flow, boasting a solid $2 million net worth! 


McKenna’s been making moves in the entertainment world forever, slaying it on shows like “Crash & Bernstein,” “The Young and the Restless,” and “Fuller House.” Plus, she’s been popping up as a recurring character on fan favorites like “CSI: Cyber,” “Once Upon a Time,” and “Young Sheldon.” 


So, if you thought you were watching just another rising star, think again! McKenna Grace is the real deal, and her bank account is proof of her hard-earned success. Get ready to see more of her, ’cause she’s destined for big things in Hollywood!


Net Worth: $2 Million


Noah Schnapp

Yo, meet Noah Schnapp, the 18-year-old legend who’s basically Will from “Stranger Things” IRL! This dude is straight-up killin’ it with a jaw-dropping $3 million net worth. 


And hold onto your Eggos, ’cause this kid’s makin’ bank – he’s rakin’ in a cool $250,000 for every episode he’s in!  Plus, he’s got some serious cred, snagging a Screen Actors Guild Award with the whole “Stranger Things” squad for Outstanding Performance by an Ensemble in a Drama Series. 


So, if you thought Noah was just another teen actor, think again! This guy’s a powerhouse, and his wallet’s got the receipts to prove it.  Keep your eyes peeled for more epic stuff from him ’cause he’s takin’ over Hollywood!


Net Worth: $3 Million


How to Become Rich at a Young Age?


Becoming a financial boss while you’re still young? Yeah, that’s a vibe many of us in Gen Z are chasing. We’ve got the hustle, the tech-savviness, and the vision. So, let’s break it down—how to stack those Benjamins and secure the bag early on.

1. Education and Skills

First thing first, you gotta level up your skills. Think of it as your XP in the game of life:

  • Tech Ninja: Get comfy with tech. It’s our playground. Master the apps, software, and online tools. It’s the golden ticket to many careers nowadays.
  • Online Learning FTW: No need to schlep to a brick-and-mortar school. Dive into online courses like it’s Netflix. Learn whatever floats your boat, whenever you want.
  • Dream Big, Hustle Hard: Entrepreneurship vibes are strong in Gen Z. If you’ve got a killer idea or a talent to monetize, roll with it. The digital world’s your oyster.

2. Start Early

Time is on our side, fam. Start building your empire right now:

  • Stock Market Moves: Dive into the stock market game early on. Use apps that make it as easy as posting a story on Insta.
  • Crypto Curious: Cryptos are the talk of the town. Dabble in them if you dare, but remember, it’s like riding a rollercoaster.

3. Live That Frugal Life

Keep the spending in check, like Marie Kondo your expenses:

  • Budget with Apps: Let apps do the heavy lifting. They’ll help you track where your cash flows and find those sneaky money-eating habits.
  • Sharing is Caring: Airbnb, Uber, coworking spaces – they’re your budget BFFs. Share the costs, and keep more moolah.

4. Multiple Streams of Income

Don’t put all your eggs in one basket—diversify your cash flow:

  • Side Hustle City: Gig economy, here we come! Offer your skills on platforms like Upwork or Fiverr for extra dough.
  • Passive Cash Flow: Think affiliate marketing, dropshipping, or selling digital stuff. Make that money while you sleep.
  • Part-Time Flex: While you’re grinding in school, don’t shy away from part-time gigs or internships to build skills and stack some green.

5. Financial Literacy

Money smarts are the new flex. Get in the know:

  • Online Money Gurus: Hit up YouTube and TikTok for finance gurus who speak our language. Learn the ropes from the pros.
  • Investing Apps: Robinhood, Acorns, Stash—they’re not just apps; they’re your financial guides. Understand them inside out.

6. Set Financial Goals

Goals are the fuel for your financial journey:

  • Short-Term Wins: Like copping those Yeezys or paying off student loans. Get those small victories under your belt.
  • Dream Big: Think big picture too. Homeownership? Starting a business? Retirement in Bali? Set those long-term goals.

7. Networking

Expand your tribe—it’s the Gen Z way:

  • LinkedIn Stunt: Rock that LinkedIn profile like it’s your Instagram. Connect, follow, join groups, and slide into DMs.
  • Virtual Hustle: Hit up online conferences and webinars. Meet your next business partner while wearing sweatpants.

8. Entrepreneurship

Ready to be the CEO of your own life? Here’s how:

  • E-Commerce Empire: Start an online store. Dropshipping, print-on-demand, whatever vibes with your hustle.
  • Social Media Savvy: Use Instagram, TikTok, or YouTube to flex your personal brand. Be authentic, and watch your following grow.

9. Invest Wisely

Investing ain’t just for boomers. It’s your ticket to financial freedom:

  • Diversify or Die: Mix up your investments—stocks, bonds, real estate, crypto. Don’t put all your avocado toast in one basket.
  • Educate Yourself: Dive into online resources and blogs. Learn the game before you play it.

10. Financial Discipline

Stay disciplined or risk burning out:

  • Set Auto-Saves: Automate your savings and investments. Make it rain without thinking twice.
  • Rainy Day Fund: Keep an emergency fund for those surprise expenses. No need to cash out your crypto when your car breaks down.

11. Continuous Learning

Stay woke and stay ahead:

  • Stay Informed: Follow finance news and trends. It’s like keeping up with the latest memes but for your money.
  • Get a Mentor: Find a mentor who’s been there, done that. They’ll drop gems and keep you on the path to success.

12. Social and Environmental Responsibility

Do well by doing good. Invest in companies that match your values—ones that care about the planet and society. It’s all about making an impact.

In short, you have the tools, tech-savviness, and entrepreneurial spirit to achieve financial success early in life. Use your skills, embrace the digital world, and don’t shy away from taking calculated risks. Remember, financial success is a journey, not a destination. So, keep grinding, stay woke, and secure that bag!


And that’s a wrap, folks! We’ve just taken a wild rollercoaster ride through the world of “Richest People Under 20,” and let me tell you, it’s been a lit journey!

Seriously, though, can we just take a minute to appreciate the absolute boss moves these young guns are making? They’re out here redefining what it means to hustle in the digital age, and they’re barely old enough to vote! 

The thing is, these legends are living proof that age is just a number when you’ve got big dreams and an even bigger vision. They’re like our Gen Z superheroes, proving that you don’t need a college degree or a lifetime of experience to stack that cash. 

But hold up, let’s keep it real for a sec. We can’t all be the next teen billionaire, and that’s okay! Building an empire takes more than just luck and a couple of bright ideas. It takes mad hustle, determination, and a whole lot of grind.

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