This is how the 5 youngest billionaires in America spend their time and money

Dominic-Madori Davis

Jan 7, 2020, 02:44 IST

This is how the 5 youngest billionaires in America spend their time and money

Jamie McCarthy/Getty Images

Forbes named Kylie Jenner the youngest "self-made" billionaire in the world in March.

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.
Second in line is Snapchat cofounder Evan Spiegel, who, at 29, has a net worth of $3.6 billion.
While Jenner spends her time collecting luxury cars and splurging on purchases for daughter Stormi Webster, Spiegel has opted for a more private life with wife Miranda Kerr and their kids.
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The five youngest billionaires in America have a combined net worth of $28.5 billion.

Kylie Jenner, the youngest billionaire in the world, spends much of her fortune on new homes, customizing luxury cars, and vacations with her baby daughter, Stormi Webster. Jenner is particularly known for flaunting her wealth on social media, as she did after chartering a $200 million superyacht for her 22nd birthday celebrations.

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.

Here's how Jenner, Spiegel, and America's other youngest billionaires spend their time and money.

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.

Her car collection alone is reportedly worth millions.

According to E! News, the 22-year-old at one time owned four homes, including three in Hidden Hills, California.

For her 22nd birthday, the makeup mogul chartered a $200 million yacht named Tranquility.

She also has an extensive collection of rare Hermès handbags.

Jenner also spends plenty of money doting on her 1-year-old daughter, Stormi Webster.

Evan Spiegel, 29, has a net worth of $3.6 billion. He's the cofounder and CEO of Snap Inc., the company that owns wildly popular social media platform Snapchat.

Spiegel is married to model Miranda Kerr. The two live in a 7,164-square-foot $12.5 million home in Brentwood, California.

They also reportedly own a 1,700-square-foot cottage in Malibu, which Kerr bought for $2.15 million after she first moved to Los Angeles.

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.

After Snap went public, Spiegel took a "bro trip" on a superyacht that costs $967,415 per week. He reportedly sailed to Italy and Greece.

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 in Pacific Palisades and near Venice Beach, where Snap Inc.'s headquarters is located.

In 2018, he spent $19.5 million on a Palisades home once owned by actor Eddie Albert. A year later, he bought the 4,432-square-foot home next door for $9.5 million. According to Variety, sources say Murphy is hoping to build a bigger estate.

Murphy also owns a $6 million home elsewhere in the Palisades, a $2.26 million home in Venice, a $2.1 loft near Venice, a $2.1 million home in Santa Monica, and a $5 million home in Venice.

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.

Walton, like many of the other ultra-wealthy Walmart heirs, is pretty private about his life. A 2015 profile about him revealed he was raised in National City, California, where the median income is $30,000 per the 2000 census. He also attended Colorado College where he received a bachelor's in "environmentally sustainable business" — a major he created.

Walton, like many of the other ultra-wealthy Walmart heirs, is pretty private about his life. A 2015 profile about him revealed he was raised in National City, California, where the median income is $30,000 per the 2000 census. He also attended Colorado College where he received a bachelor's in "environmentally sustainable business" — a major he created.

Despite his discrete personal life, according to New York Magazine, he has voting rights on his family's holding company board, Walton Enterprises, which still holds a 50.2% stake in Walmart.

Source: NYmag, Walton Family Foundation

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.

In 2015, Larren sued Santo Domingo, claiming that Santo Domingo used him for business connections, then excluded him from the earnings for a Florida music festival. Larren filled a $37.8 million lawsuit in New York.

Larren alleged that Santo Domingo persuaded him to leave his job at LVMH to help launch Santo Domingo's DJ career.

Before the Florida music deal, Santo Domingo fired Larren, accusing him of embezzlement.

Other than legal disagreements with his former business partner, Santo Domingo seems to live a pretty charmed, but otherwise private-from-the-public life.

In 2016, he married reporter Nieves Zuberbühler in a Halloween-themed wedding. The ceremony was held at the Visitation of the Blessed Virgin Mary Parish in Red Hook, Brooklyn.

He lives in New York City, while his wife is a working reporter. Her last Instagram posts show her traveling the world.

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