From Rihanna To Taylor Swift, 80% Of Young Billionaires Skip College: Report

The list of billionaires and how they live has become pretty expected, showing their extravagant ways. But here's a surprising finding from a gaming company's report: 80% of the top 10 young billionaires either left college or never went to college at all!

Srishti B DuttaUpdated: Mar 03, 2024, 10:08 IST
3 min read
Indiatimes

The compilation of billionaires along with their wealth and lifestyles has become somewhat predictable, with their extravagant behavior seemingly knowing no bounds, not even constrained by the sky.

However, a recent report from an online gaming company has brought forth a surprising revelation: 80% of the top 10 young billionaires opted to forego college.

No college degree yet a billionaire

An Online Gaming company conducted a study to identify the youngest self-made billionaires in 2024, utilising data from Forbes, Bloomberg, and official financial news websites for rankings.

The research delved into the industries, main income sources, educational backgrounds, and other relevant information about these billionaires.

Remarkably, the study revealed that 8 out of the top 10 billionaires did not pursue college degrees. Adding to the intrigue, the study found that Stanford University played a significant role, as 6 out of the 10 billionaires had spent at least a year studying there before achieving billionaire status.

Who are the youngest self-made billionaires?

At 26 years old, Alexandr Wang secures the top spot as the youngest self-made billionaire, amassing a $1 billion net worth from his AI model-developing company, Scale AI, founded at the age of 19. Wang is a college dropout from the Massachusetts Institute of Technology.

Alexandr Wang/ LinkedIn Alexandr Wang/ LinkedIn

Pedro Franceschi, aged 27, claims the second position on the list with a $1.5 billion net worth. Franceschi left Stanford University to establish Brex, a fintech company co-founded with a friend.

Ranking third at 28 years old is Henrique Dubugras, also with a net worth of $1.5 billion. Dubugras, along with Franceschi, co-founded Brex after jointly deciding to drop out of Stanford University.

At the fourth spot is 28-year-old Austin Russell, boasting a net worth of $1.6 billion. A fellow Stanford University dropout, Russell became a self-made billionaire at 25 following the listing of his company, Luminar Technologies, on Nasdaq.

The fifth youngest self-made billionaire is 30-year-old Ryan Breslow, holding a net worth of $1.1 billion. Breslov, like his predecessors, left Stanford to launch payment startup Bolt.

Andy Fang, 32, takes the sixth spot with a net worth of $1.2 billion as the co-founder of DoorDash, the largest food delivery company in the US. Notably, Fang is the first person on the list with a Bachelor¡¯s degree in Arts and Sciences from Stanford University.

Andy Fang/ LinkedIn Andy Fang/ LinkedIn

Seventh on the list is Stanley Tang, 32, with a net worth of $1.3 billion. Tang, co-founder and Chief Product Officer at DoorDash, also holds a Bachelor of Arts and Sciences from Stanford University, thus making him and Andy the only two exceptions with a college degree in this list.

Aged 33, John Collison secures the eighth place with a net worth of $5.5 billion, making him the richest self-made billionaire on the list. As a dropout, Collison co-founded and serves as the president of Stripe.

At 34 years old, Taylor Swift is the ninth self-made billionaire, boasting a net worth of $1.1 billion. The globally renowned singer never attended college, relying on her highly successful music career as her primary source of income.

Taylor Swift Taylor Swift

Closing the list at 35 years old is Rihanna, the only other female singer, with a net worth of $1.4 billion.

Like Taylor Swift, Rihanna never pursued higher education, deriving her income from her music career and brands Fenty Beauty and Savage X Fenty.

For more on news and current affairs from around the world, please visit Indiatimes News.

Srishti B Dutta

Srishti B Dutta brings you everything from rags-to-riches tales and inspiring student success stories to those "No way, this can't be real!" moments. Whether it's intriguing, heartwarming, or just plain quirky, she's got it covered.

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