There are 33 Millennial Billionaires in the United States, and a Total of 100 Millennial Billionaires Globally
Posted By thestatedtruth.com on June 2, 2021
A lot of money equates to a lot of power. These 33 millennial billionaires will likely represent the future of the United States. We wouldn’t be surprised if they at some point even splinter off into a new political party. Why not? Wake up Democrats and Republicans. Let’s call them the Millennial party, or the Green party, sounds about right, don’t you think?
There are 2,755 billionaires globally – and combined, they are worth over $13 trillion.
Of these ultra wealthy individuals, Visual Capitalist’s Avery Koop notes that just over 100 are millennials, born between the years 1981 and 1996. This young generation represents around 3.8% of all billionaires on a global basis with a combined net worth of $573.1 billion.
This visualization, using data from Forbes, ranks the richest 25 millennial billionaires and details their source of wealth, total net worth, nationality, and age.
The U.S. is home to the most millennial billionaires at 33 total, with China coming in second at 23—most other countries fall far behind.
In the U.S., millennial billionaires are often associated with notable tech companies like Snapchat, Airbnb, and Facebook. Others are heirs of massive family fortunes like Lukas Walton—grandson of Sam Walton, the founder of Walmart and the original head of America’s richest family.
When looking at the average American millennial’s wealth, the Generational Power Index has determined that this young generation only holds 9.6% of economic power in the U.S. Here’s a quick look at millennial wealth metrics in the U.S.:
- Millennials only make up 7% of American business leaders
- They own $73 billion in equities and mutual fund shares
- They represent 13% of small business leaders
- They make up 7% of American billionaire wealth
In China, some millennial billionaires really stand out, like Relx founder, Kate Wang. The 39-year-old started her e-cigarette and vape company only three years ago, at age 36, and is expected to soon be vying for the title of richest woman in China.
Sources: TYLER DURDEN
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