Among billionaires in Europe under 50, here is a list of the 10 Youngest Billionaires in Europe, dominance of Russians is even more remarkable. In fact, 13 of the 14 European billionaires under 40 come from the former Soviet Union. They reached the majority around the fall of communism in 1991 or shortly after. These billionaires, who quickly embraced capitalism (they are all self-made men), amassed their fortunes by extracting Russia’s vast subsoil resources or by building housing for the country’s young middle class.
The 10 Youngest Billionaires in Europe under 40 is Sergei Popov. The 36-year-old was worth $6.4 billion in March, the last time we estimated his wealth. He spent the 1990s selling metals in the icy regions of the Urals and Siberia, including copper pipes and cables. As a client of MDM Bank, he became friends with the company’s young owner, Andrei Melnichenko.
In this article, we will discuss the top 10 youngest billionaires in Europe.
After the collapse of the ruble in 1998, Popov and Melnichenko made a fortune by buying shares in suddenly cheap industrial enterprises. More recently, Melnichenko’s extravagant spending has been in the news. For example, he asked Whitney Houston and Christina Aguilera to perform at his September 2005 wedding to model Aleksandra Nikolic, a former member of the Yugoslav pop group Models.
Melnichenko and Popov are not the only Russian friends who became billionaires in Europe before they reached their 40s. Kirill Pisarev, 39, and Yuri Zhukov, 38, together founded the real estate construction group PIK Group and took it public in June 2007. The initial offering was the largest real estate stock launched in European history and made Pisarev and Khukov ultra-rich overnight.
Another high-profile Russian who has made a fortune in real estate is Dmitry Zelenov, 36, whose company Don-Stroy built the 254-meter-high Triumph Palace apartment tower in Moscow, the tallest residential building in Europe until last year.
All these young billionaires in Europe are married or have been married. Among them are two divorcees: insurance magnate Danil Khachaturov and real estate king Sergei Polonsky. A lover of extreme sports, Polonsky dreamed of flying to the international space station, but his fortune was not enough and he was rejected because of his height – he is 1.93 meters tall.
The 10 Youngest Billionaires in Europe
The 10 youngest billionaires in Europe, the German prince Albert von Thum und Taxis. This handsome prince is 25 years old and lives in his family’s castle. He tours with a German racing team. He briefly appeared on the list of billionaires in Europe published by Forbes at the age of 8, but it was at 18 that he really inherited his fortune. For several years, he remained the 10 youngest billionaires in Europe. He is now the third, behind Mark Zuckerberg (American founder of Facebook) and Hind Hariri, a Lebanese heiress.
The youngest billionaire in Europe is Kostyantin Zhevago. He was only 19 years old when he started as a bank’s financial director, before getting a majority stake in the bank’s holding company, Finance & Credit Group. He is now a member of the Ukrainian parliament. He is also, along with the German prince, one of two billionaires in Europe under the age of 40 who are not from Russia.
The tech industry is not only creating twenty-something billionaires in Europe, it is now creating teenage millionaires. South London schoolboy Nick D’Aloisio recently became one of the world’s youngest tech millionaires after selling his mobile app Summly to Yahoo! Summly condenses news articles into paragraphs that fit onto a mobile-phone screen. Users can customize news categories and link to the original article if they like the summary. D’Aloisio developed the app while revising for exams in 2011, and sources close to the deal indicate that he received almost $30 million for Summly, which has been downloaded about a million times since its launch in 2012.
D’Aloisio’s trip to riches began at the age of nine or ten when his parents, a lawyer and a banker, bought him his first laptop. He taught himself how to edit videos and then moved on to programming, spending school holidays creating apps at home in suburban Wimbledon. He launched his first iPhone app, a finger-exercise game called Finger Mill when he was 12. Subsequent creations of his included music app SongStumblr and Facemood, which sought to predict a user’s mood based on their Facebook status updates.
|Rank||Name||Net worth (USD)||Age||Country||Source(s) of wealth|
|1||Pavel Durov||15.1 billion||33||Russia||Telegram|
|2||Guillaume Pousaz||23.0 billion||36||Switzerland||Checkout.com|
|3||Anders Holch Povlsen||13.6 billion||38||Denmark||Bestseller|
|4||Emmanuel Besnier||23.5 billion||40||France||Lactalis|
|5||Rodolphe Saadé||41.4 billion||40||France||CMA CGM|
|6||Renata Kellnerova||16.6 billion||41||Czech Republic||PPF|
|7||Michael Platt||15.2 billion||43||United Kingdom||BlueCrest Capital|
|8||Stefan Quandt||20.7 billion||44||Germany||BMW|
|9||Giovanni Ferrero||36.2 billion||46||Italy||Ferrero|
|10||Susanne Klatten||24.3 billion||50||Germany||BMW, Altana|
1. Pavel Durov
Pavel Valeryevich Durov is a UAE-based entrepreneur who is best known for being the founder of the social networking site VK and later of Telegram Messenger, he has an estimated net worth of USD 15.1 billion.
Pavel Durov is among the 10 youngest Billionaires in Europe. For some years after his dismissal as CEO of VK in 2014, the Durov brothers traveled the world in self-imposed exile as citizens of Saint Kitts and Nevis.
2. Guillaume Pousaz
Guillaume Pousaz is a Dubai-based Swiss billionaire entrepreneur and youngest Billionaires in Europe, and the CEO and founder of payment platform Checkout.com. As of January 2022, he has an estimated net worth of USD 23.0 billion. Guillaume Pousaz is among the 10 youngest Billionaires in Europe.
3. Anders Holch Povlsen
Anders Holch Povlsen is a Danish billionaire, CEO, and sole owner of the international retail clothing chain Bestseller, which includes Vero Moda and Jack&Jones, a company founded by his parents. Anders Holch Povlsen is among the 10 youngest Billionaires in Europe.
He is the largest shareholder in the British internet fashion retailer ASOS and the second-largest in German internet clothing retailer Zalando. He is also the largest individual private landowner in the UK. As of January 2022, he has an estimated net worth of USD 13.6 billion.
4. Emmanuel Besnier
Emmanuel Besnier is a French heir among the 10 youngest Billionaires in Europe. He is the chief executive officer (CEO) of Lactalis. He is known as “the invisible billionaire” and net worth of USD 23.5 billion.
5. Rodolphe Saadé
He is a Franco-Lebanese businessman. He is the chairman of the CMA CGM Group, a world leader in logistics transport, and the son of its founder. Jacques Saadé. As of April 2022, his net worth was estimated at US$41.4 billion. Rodolphe Saadé is among the 10 youngest Billionaires in Europe.
6. Renata Kellnerova
In 2002, she co-founded the Educa Foundation which aimed to provide scholarships to students of the Open Gate – Grammar and Primary School in Babice. In 2009, the Kellners founded The Kellner Family Foundation over the ten years of its existence dispursed CZK 1.6 billion in support of educational activities in the Czech Republic. Renata Kellnerova is among the 10 youngest Billionaires in Europe.
Renáta Kellnerová made the 2022 Forbes Billionaires List with an estimated wealth of $16.6 billion and occupied the 104th position.
7. Michael Platt
Michael Edward is the youngest Billionaire in Europe hedge fund manager. He is the co-founder and managing director of BlueCrest Capital Management, Europe’s third-largest hedge-fund firm which he co-founded in 2000. Michael Platt is among the 10 youngest Billionaires in Europe.
He is Britain’s wealthiest hedge fund manager according to the Bloomberg Billionaires Index, with an estimated wealth of US$ 15.2 billion.
8. Stefan Quandt
Stefan Quandt is a German billionaire heir, engineer, and industrialist. As of October 2021, his net worth is estimated at US$ 20.7 billion and ranked at number 89 on Bloomberg Billionaires Index. Stefan Quandt is among the 10 youngest Billionaires in Europe.
9. Giovanni Ferrero
Giovanni Ferrero an Italian businessman. He assumed the leadership of the confectionery company Ferrero SpA after the death of his brother Pietro Ferrero in 2011. Giovanni Ferrero is among the 10 youngest Billionaires in Europe. As of April 2022, Forbes estimated his net worth at $36.2 billion, the 36th richest in the world, and richest in Italy.
10. Susanne Klatten
Susanne Hanna Ursula Klatten is a German billionaire heiress, the daughter of Herbert and Johanna Quandt.
As of January 2022, her net worth was estimated at US$ 24.3 billion, ranking her the richest woman in Germany and the 65th richest person in the world according to the Bloomberg Billionaires Index.