This is how the world's youngest billionaires spend their time and money

Screen Shot 2017 09 07 at 14.28.27Instagram/guswitzoeGustav Magnar Witzøe is 23 years old and has a net worth of $US1.8 billion.

For most people in their twenties, life is a constant balancing act between paying off student debt and finding the funds to be independent and still have fun.

That’s not the case for the world’s super-young, super-rich elite.

We took a glimpse at the lives of the world’s five youngest billionaires — all 27 years old and under — to see how they spend their days and their seemingly unlimited funds.

From zooming Ferraris to international dressage competitions, scroll down to meet the world’s five youngest billionaires, presented by age in ascending order, and see how they spend their fortunes.

Meet the world's youngest billionaire: Alexandra Andresen.

Alexandra has a net worth of $1.3 billion thanks to her father Johan Andresen's work in investment banking.

21-year-old Alexandra is a keen horse rider and has at least four horses.

She makes sure her 'boys' are kept in the best shape with plenty of veterinary and grooming appointments.

She's part of Norway's dressage team ...

... and like many 21-year-olds, she enjoys getting glammed up and going out with friends.

But it's not all ponies and sky-high martinis. Alexandra also loves the outdoors, hiking, camping, and fishing ...

... and skiing a bit further afield, too.

Alexandra is a self-proclaimed jet-setter. One of her destinations this year was Mumbai, India.

While there, she got to partake in even more of her beloved outdoor pursuits.

Alexandra and her 22-year-old sister Katharina have five dogs between them, including a purebred boxer and bulldog.

Both sisters live at home with their father and mother, pictured here with Katharina.

When their father transferred most of his funds to his daughters in 2005, the money was split equally between Alexandra and Katharina (pictured here).

22-year-old Katharina is also a horse-riding fan, but less so than her younger sister.

Katharina enjoys staying up to date with the latest fashion trends, and favours a Louis Vuitton bag. This one's value is estimated at $1,900.

Source: Louis Vuitton

Another from her collection, this holiday-ready Louis Vuitton duffel, is valued at $1,870.

Source: Louis Vuitton

Katharina is a self-proclaimed 'shoe-aholic.' These limited-edition Louboutin pumps have an estimated value of $640.

These pearl-encrusted, heeled Gucci loafers -- also from her collection -- will cost you $990.

Source: Gucci

The older Andresen sister bought her first Rolex earlier this year, worth nearly $9,000.

Source: Rolex

As well as fashion, she loves mixing up her style with expensive-looking haircuts and makeup.

But her pride and joy is her pricey bulldog-baby Tycho, whom her Instagram account in almost entirely devoted to.

Just behind the Andresen sisters is Gustav Magnar Witzøe, who is also among Norway's super-rich youngsters and is the third-youngest billionaire in the world.

This 23-year-old is worth a staggering $1.8 billion and owns 47% of Norwegian salmon producer Salmar, which was gifted to him in 2013 by his dad Gustav Witzoe, pictured here.

Gustav (also known as Gus) is into his fashion just like Katharina, especially shoes. He often features in the front row of various Norwegian fashion shows.

The 23-year-old also favours a cigar ...

... especially while on his travels. Here he is in Paris in July ...

... and Padang Tegal, Indonesia, in April.

Witzøe is partial to a bit of ink and has at least one full sleeve of tattoos.

His life is full of perks.

He gets top-notch seats at sold-out concerts ...

... and plays rounds of golf all over the world. Here he is practicing his swing in Las Vegas.

Like the Andresen sisters, Witzøe also has a pet pooch he loves to pamper. His blue Staffordshire bull terrier features heavily on his Instagram.

John Collison is the fourth-youngest billionaire and the youngest self-made billionaire in the world.

The newly turned 27-year-old Irish entrepreneur founded payment company Stripe with his brother in 2010, which went on to make the pair both billionaires in their own right after a deal in 2016. John is now worth an estimated $1.1 billion.

Collison was studying his undergraduate degree at Harvard when he and his brother launched the company, but he quickly dropped out after Stripe gained momentum. Now, his days are spent pursuing hobbies and things on his bucket list, like flying across the Atlantic.

He also enjoys partaking in fun runs ...

... and long-distance treks and pursuits, sometimes dragging the whole Stripe office along with him.

Collison was recently caught in the snow while trekking on Mount Tamalpais in California.

A new one for me: snow atop Mount Tam! (video courtesy of @dpetrovics)
-- John Collison (@collision) March 5, 2017

Despite his technological genius and adventurous lifestyle, Collison is still amused and amazed by the little things in life, like this coffee cup sporting a 'pocket cookie.'

Evan Spiegel is the 27-year-old founder and CEO behind Snap. With a net worth of $3.5 billion, he's the wealthiest billionaire on this list.


Source: Forbes

The American 27-year-old likes to keep his private life out of the social domain, and he has nothing uploaded onto his Twitter or Instagram profiles. However, he does sometimes feature on the accounts run by his wife, Miranda Kerr.

Spiegel married Kerr, a supermodel and former Victoria's Secret angel, in July, in the garden of their California home. The cost of their wedding is unknown, but we do know that Kerr wore a bespoke Dior dress.

Guests at the wedding weren't allowed to post any photos of the ceremony or reception on social media. The couple even covered the entire garden with a white canopy to stop airborne paparazzi from snapping any shots.

Spiegel reportedly spent $890,399 on his personal security in 2016.

Kimberly White/Getty Images for Vanity Fair

Source: Business Insider

It has previously been reported that the 27-year-old bought himself a Ferrari in 2015 after Snap, then called Snapchat, completed a big funding round.

Dave Smith/Tech Insider

In 2016, Spiegel bought a $12 million house previously owned by Harrison Ford.


Source: Business Insider

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