In 2021, Parag Agarwal, not only made it to the headlines as the new CEO of Twitter replacing Jack Dorsey, but he also became one of the youngest CEO in the S&P 500. But how young is too young to be a CEO? Can A Minor be a CEO? Who are some youngest CEOs? Find out now!
Who are some youngest CEOs?
According to Forbes 400, some of the Under 40 Youngest Billionaires are:
With the highest net worth out of all the mentioned youngest CEOs mentioned in the world with 134.5 Billion dollars. The Facebook CEO has gained $50 billion to his fortune after the firm gained $100 billion of revenue in the 12 months ending June 30.
He is one of the eight centi-billionaires in the Forbes 400 list of 2021. He started his company in 2004 as a teenager at 19. This young CEO is one of the biggest motivators for people who admire be youngest CEOs in the world.
Aged 29 with 22.5 billion net worth leads the youngest CEOs in the world race. The richest person in crypto with his FTX exchange and Almeda Research trading firm.
He is a son of two Standford law professors who navigated from studying physics at MIT to job trading EFTs at a quant firm donating most of his earnings to charity after being influenced by "effective altruism," the utilitarian-inflected notion of doing the best possible.
He started his crypto journey in late 2017 and launched FTX in 2019 built “by traders, for traders” which became one of the leading exchanges for buying and selling crypto derivatives. In 2021, they raised $900 million from the likes of Coinbase Ventures and SoftBank at an $18 billion valuation.
The co-founders of Snapchat, Evan at 31 years with 13.8 billion dollars of net worth and Bobby at 33 with 15.2 billion dollars are making their fortune from the company. The incomes have tripled since last year as shares of the social media app soared high.
With 293 million people daily users of Snapchat who send disappearing photos and videos, both Stanford University fraternity brothers are today in Forbes 400 2021. The American teens favourite has Murphy as Snap’s Chief Technology Officer.
Another Cryptocurrency exchange CEO who has made it to the list of youngest CEOs with a $3.5 billion Net Worth. He co-founded Coinbase Global in 2012 and in 2017 he left the company only keeping 6% of its stock, accounting for most of his fortune.
In 2018, he co-founded an investment firm with more than $1 billion in assets and stakes in dozens of cryptocurrency companies, including Coinbase and FTX named Paradigm. Ehrsam is a Duke graduate and ex-foreign exchange trader at Goldman Sachs for two years before becoming an entrepreneur.
If you are living under a rock if you haven’t heard about Walmart. No wonder, Lukas Walton made it to the list of youngest CEOs who are also the richest with 17.2 billion dollars of net worth.
Walton is the grandson of Walmart founder Sam Walton. In 2005, his father John Walton died in a plane crash and inherited one-third of John’s estate. He is the chair of the Walton Family Foundation’s environment program committee.
Adding to the ensemble of Indian CEOs in the world’s biggest technology companies including Google and Microsoft, Parag Aggarwal took over as the CEO of Twitter Inc in December 2021. Born in Ajmer, Rajasthan, a B.Tech degree holder in computer science and engineering from IIT Bombay 2005, and a Stanford University alumni, Parag led the brand as Chief technology Officer earlier.
The Indian-origin technology executive and now the new CEO makes a salary of $1 million annually as the CEO of the microblogging platform Twitter.
Here are some of the questions young people who eye CEO positions have asked popularly:
As a minor, you can become a CEO however you cannot enter any contracts. An adult must accompany you for entering contracts and take fiscal responsibilities for your company.
You can be a CEO as a young girl and continue to grow if you are passionate about your work and have important leadership and management skills.
Indeed, several young CEOs in the world have become a CEO before 30. But if you are not a Founder, it is going to be a tough journey.