Once upon a time, the title of a billionaire – even millionaire was limited to the seniors of society. In fact, it seemed impossible for young adults under 35 to even come near the rich category. However, opportunities in technology and the business arena broke the stereotypes and now even teenagers in their early twenties are fast becoming part of the millionaire club.
Take, for example, Kylie Jenner who is the youngest self-made a billionaire with a net worth of $1 billion at the age of 23. Similarly, Evan Spiegel, the co-founder, and CEO of messaging app Snapchat has $1.9 million to his name at 29 while Patrick Collison, the co-founder of Stripe payment gateway has an accumulated net worth of more than $3 billion.
And of course, we cannot forget about the success stories of Mark Zuckerberg, Jack Ma of Alibaba and famous investor Wang Jianlin who not only made billions but also changed our lifestyle with their great ideas.
However, becoming a billionaire is not a night’s task. In fact, statistics show that it took an average of eight years for the billionaires to earn their first million. Additionally, investments and innovation in the telecom industry earns the fastest million – in a minimum of three years whilst industries like the media, fashion, construction, and F&B are the hardest for a breakthrough and require more than 10-years of effort, hard work, and dedication to reach a million thresholds.
In the Infographic below, let’s take a look at some interesting facts and figures about the millionaires – and billionaires around the world.
Infographic by: Slotsia