This is how the 5 youngest billionaires in America spend their time and money
The five youngest billionaires in America have a combined net worth of $28.5 billion, according to the Forbes Real-Time Billionaires Index.
Of those five, the youngest is 22-year-old reality star and makeup mogul Kylie Jenner, whose $1 billion fortune primarily stems from her company Kylie Cosmetics. She spends much of her fortune on luxury cars, vacations with her daughter, Stormi Webster, and accessories like handbags.
Kylie Jenner, the world's youngest billionaire at 22, has a net worth of $1 billion. She spends much of her fortune on luxury cars, vacations with her daughter, Stormi Webster, and accessories like handbags.
She also has an extensive collection of rare Hermès handbags. In November, Jenner gave fans a brief "tour" of Stormi's playroom, showing off the baby's monogrammed Louis Vuitton bag and set of decorative skateboards reportedly worth over $12,000.
More recently, Jenner posted about the Fendi stroller and matching Fendi diaper bag she'd bought for her daughter, both reportedly costing thousands of dollars.
Behind Jenner, there is Snapchat cofounder Evan Spiegel, who, at 29, is also one of the world's youngest billionaires. Spiegel has taken a more private approach to how he spends his time and money, especially since marrying model Miranda Kerr in 2017. Spiegel and Kerr reportedly live together in a $12.5 million home in Brentwood, California, and also have an ocean-front Malibu cottage worth nearly $2 million.
Spiegel proposed to Kerr in 2016 with a 2.5 carat diamond ring that reportedly cost nearly $100,000. They married in 2017, and Kerr wore a custom made Christian Dior couture wedding gown. The pair reportedly had their honeymoon at a resort in Laucala, a private island in Fiji. One night at one of the 25 villas costs between $6,000 and $60,000, with a minimum stay of at least four nights.
Then there is 31-year-old Bobby Murphy, chief technology officer of Snap Inc. He has a net worth of $3.7 billion. Along with Spiegel, he cofounded Snapchat.Forbes reports that Murphy has spent more than $30 million on real estate.
Lukas Walton, 33, has a net worth of $18.2 billion. He is a grandson of Sam Walton, best known as the founder of Walmart. He inherited his fortune after his father died in a plane crash.
Thirty-four-year-old Julio Mario Santo Domingo III has a net worth of $1.9 billion. He is a disc jockey, and formed Sheik n' Beik Entertainment in 2013 with Herve Larren. His wealth comes from his grandfather, who once controlled the entire beer industry in Colombia.
Source: Business Insider