Ben Francis, 31, from Birmingham, has become the UK’s youngest billionaire after founding Gymshark just 12 years ago. Starting the company from his parents’ garage, Francis has managed to accumulate a net worth of over £1.2 billion. This achievement places him among the ranks of the world’s youngest billionaires, alongside teen heirs and founders of notable companies like Snap and Stripe. In a surprising turn, all billionaires under the age of 30 have earned their fortunes through self-made ventures, marking a shift from the previous trend of inherited wealth.
Self-made Success Stories
Several individuals in this year’s list of young billionaires have built their businesses from the ground up. Notable examples include the founders of Snapchat and Gymshark, who have managed to create enormous fortunes through their entrepreneurial endeavors. While there are those who have inherited their wealth, many on this list have proven themselves through their own hard work and innovation.
- Ben Francis, 31, founder of Gymshark, is worth over £1.2 billion.
- Austrian Mark Mateschitz, 31, is the world’s wealthiest young billionaire, with a net worth of $39.6 billion.
- The collective net worth of the 25 young billionaires on the list is a staggering $110 billion.
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Despite his immense wealth, Ben Francis humbly considers his fortune to be merely a reflection on paper, proclaiming that “none of it is real.” This perspective sheds light on the intangible nature of wealth and raises questions about its true value and impact on individuals and society. Nevertheless, Francis’ remarkable success story serves as an inspiration to aspiring entrepreneurs worldwide.