It is often said that money can’t buy you happiness, but these individuals are living a comfortable life, thanks to the funds currently at their disposal. It’s without a doubt that the wealth of the richest teenager in the world and source of money that some kids in this list have might simply come from the good old stock market. Whichever the reason, these children are enjoying life to the fullest and with the money they have, they can afford almost everything. Almost two-thirds of the billionaires listed by Forbes are college graduates, the largest percentage having degrees in engineering followed by business.
Of the top 400 billionaires in the United States, 29 have masters degrees and 21 have a PhD. Unsurprisingly, according to Business Insider, Ivy League schools represent four of the top five schools with billionaire alumni.
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According to Forbes, they received three types of responses – some people try to inflate their wealth, others cooperate but leave out details, and some refuse to answer any questions. Business deals are then scrutinized and estimates of valuable assets – land, homes, vehicles, artwork, etc. – are made. Interviews are conducted to vet the figures and improve the estimate of an individual’s holdings. Finally, positions in a publicly traded stock are priced to market on a date roughly a month before publication.
Privately held companies are priced by the prevailing price-to-sales or price-to-earnings ratios. Known debt is subtracted from assets to get a final estimate of an individual’s estimated worth in United States dollars. Since stock prices fluctuate rapidly, an individual’s true wealth and ranking at the time of publication may vary from their situation when the list was compiled. As you have read from the list, these kids and teenagers have acquired their wealth to be among the richest kids in America through professional success or inheritance.