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The number of new millionaires and billionaires keeps rising every year. Most of the wealth that parents own is usually transferred to the children, and they become rich even before they step foot in school let alone have a taste of their teenage life. While adults dominate the list of rich people in the world, there is also a need to identify the richest kids in the world whether it’s through personal effort, achievements, awards or inheritance from parents.
Conventionally, the wealthiest people in the world are adults since they have developed enough capacity to accrue wealth for themselves through career, art, business or inheritance. However, when considering the list of rich people, there should be kids included as some have already touched the hem of wealth, becoming both billionaires and multi-millionaires.
With the current society embracing art and talent from whichever corner of the world, thanks to the internet and social media, it is no longer a surprise to see the wealthiest kids featuring in the top ten list owing to their acting, dancing, modelling, or innovations.
The characteristic feature of these kids is the palatial homes they own, moving around in top model cars, and living an expensive lifestyle most adults would otherwise never accomplish.
10 richest kids in the world in 2020
So, who is the richest kid in the world 2020? At the first mention of rich kids, the first impression that comes to mind is that they are children of owners of renowned businesses and multimillion firms around the world. For instance, Bill Gates’ children are millionaires by virtue that their parents are among the richest in the world.
These are the richest kids in the world as of 2020:
1. Prince George Alexander Louis - $1 billion
The richest kid in the world is Prince George Alexander Louis who is worth approximately $1 billion dollars as of today. Born on July 22, 2013, Prince George is also known as Prince George of Cambridge, who is the richest person in the world. When evaluating the newest and youngest billionaires in the world, Prince George will surely be at the top of the list. His wealth is a result of being born into a family of royalty.
Prince George is the firstborn son of Prince William Duke of Cambridge and his mother Catherine, the Duchess of Cambridge. His younger sister Princess Charlotte is also among the youngest billionaires in the world today. By default, his affiliation to the royal family of England as the firstborn son of Duke William, Prince George is the richest kid in the world.
2. Phoebe Adele Gates - $1 billion
Phoebe is not a familiar face or name among netizens, thanks to the low-profile Bill and Melinda Gates prefer keeping regarding their personal lives. Her face remains concealed far from the limelight most of the time, and there is no much information about her.
However, despite being born as the last child of the top family, she is set to be the next biggest beneficiary of her parent’s wealth when they pass on. In estimation, she will inherit more than $1 billion, placing her in the billionaire list before even touching her teenage life.
3. Blue Ivy Carter - $1 billion
So, who is the richest kid in America? Blue Ivy tops the list of the wealthiest kids in America. There is, for sure no better and easier way to be rich than being born in a wealthy family. Blue Ivy is one such lucky kid after coming to the world through hip hop’s most prosperous family, Beyoncé and Jay-Z.
It is believed that her wealth is above the $1 billion marks and continues to grow. The most significant addition will be after the death of her parents as she will inherit billions worth of assets and goodies.
4. Suri Cruise - $800 million<svg class="i-amphtml-new-loader-logo-default" viewBox="0 0 72 72"></svg><svg class="i-amphtml-new-loader-spinner" viewBox="0 0 48 48"></svg>
Suri is in the league of wealthiest kids in the world courtesy of her wealthy parents, Tom Cruise and Katie Holmes. Just like the rest of the most affluent kids, most of her wealth is a product of inheritance once the parents die.
In addition to her wealth, she also enjoys massive following on social media with paparazzi and other renowned fashion brands following her Instagram account. At 13 years, Suri tops the list of the top rich teenagers.
5. Knox Jolie Pitt and Vivienne Jolie Pitt - $200 million
Knox and Vivienne are the twin children of celebrities Brad Pitt and Angelina Jolie. The wealth of the twins started trickling in from as early as when they were born.
Their first photograph sold at a whopping $1 million making it the most expensive child photo sold to date. In addition to their fortune, most of their wealth is attributable to the hard work of their parents.
6. Emme and Maxmilian Muniz - $200 million
Emme and Max are some of the wealthiest twins out there, thanks to the celebrity status of their parents – Marc Anthony and Jenifer Lopez. From the first day of birth, the media lenses have been following their developments and triggered the interests of fans.
Added to it is the popularity of their mother, Jennifer Lopez, who to date is one of the most loved American artists. The cumulative wealth of the twins is estimated to stand at about $200 million.
7. Dannielynn Birkhead - $59 million
She appears in the list if the richest kids in the world, thanks to the inheritance she received following the demise of her mother, Anna Nicole Smith. Nicole Smith died from an overdose following the shocking death of her mother. She left behind an estate, and her daughter Dannielynn.
By default, the young Birkhead became the heiress of her mother’s fortune and entered the millionaire list. Also, she has already started enjoying celebrity status after she was nominated as the face of Guess Girl’s Spring Line in 2013.
8. Nick Daloisio - $30 million
Nick is a self-made millionaire from the United Kingdom. His wealth is mostly from his computer programming skills and a company he founded when he was barely 15 years of age. As a technological genius, Nick invented Summly, an iOS application that later sold for about $30million to tech giant Yahoo.
He was once named the “Innovator of the Year” by the Wallstreet Journal and featured in the Time magazine World’s Most Influential Teenagers list. He was awarded the Apple Design Award in 2014 and tremendously added to his wealth record.
He currently pursues Computer Science and Philosophy at the Hertford College, Oxford University.
9. Abigail Breslin - $12 million
Abigail is an American singer and actress who began her career at a young age of 3 years. Currently, she is ranked among the richest actresses in the world. She debuted her first film in 2002 titled “Signs.”
The film went on to receive a massive viewership around the world and a Box Office success. She further enhanced her performance through featuring in the comedy-drama “Little Miss Sunshine,” which became a major commercial success and earned her millions.
She was nominated for various awards including the Best Supporting Actress Award and the Screen Acting Guild. Thanks to the wealth she has amassed from acting, she becomes the richest child actor in this feature.
10. Jaden Smith - $8 million
Jaden Smith is the richest child actor in the world right now. He is the son of Will Smith, following in the footsteps of his father. At a young age of 22 years, he has proudly accomplished more than what the other actors in the industry have.
He made his acting debut in 2006 when he was cast to play a role in the film The Pursuit of Happyness alongside his father. He won an MTV award for his incredible performance in this film.
Since then, he has starred in several other films including the remake of the 1984 film The Karate Kid and the remake of the 1951 film The Day the Earth Stood Still.
11. Rajiv Ruparelia - $5 million
Born and raised in Uganda, Rajiv is the son of Uganda’s richest man, Sudhir Ruparelia. Despite featuring in the list of wealthiest kids among the rich, he did not receive his wealth the easy way. His father took him through the path of wealth generation by first employing him as a casual worker following his graduation with a degree in Banking and Finance from Regents University London.
From his early years, his father exposed him to the harshest conditions through the journey of wealth creation to being the person he has become. So far, he is the richest kid in Africa, thanks to his father’s lessons on the ways of making wealth and growing it from a very young age.
12. Elle Fanning - $5 million
Elle Fanning is one of the richest child actresses in the world. She was ranked on the list of the wealthiest kids in the world after she attained a net worth of $5 million. Elle made he acting debut in 2001 when she was cast to play a role in the miniseries, as the younger version of her sister Dakota Fanning.
After that, she appeared in films such as My Neighbor Totoro and Babel. However, it was not until 2006 when she started getting lead roles in movies. Her breakthrough came when she landed a role in the film Super 8, which got her much praise from both fans and critics.
13. Willow Smith - $5 million
Will Smith and Jada Pinkett Smith’s younger daughter is already a little pop princess worth a cool five million. She is an American singer, songwriter, record producer, and actress. Willow rose to fame with the song ‘Whip My Hair’ in 2010 and has since remained in the spotlight.
In 2011, she became the youngest-ever artist to sign to Jay-Z's record label, Roc Nation. She has also pursued a career in acting, often starring alongside her father in supporting roles.
14. Cody Simpson - $4.6 million
Cody Simpson is an Aussie we could all be proud of. He is a singer, songwriter and actor who hails from the Gold Coast, Queensland. Since his debut, he has released three solo studio albums: Paradise, Surfers Paradise, and Free.
He was previously signed up with US record label, Atlantic Records. However, he left the company and released his first EP album, Free, under his own record label called Coast House Records.
15. Rico Rodriguez - $4 million
Rico Rodriguez is ranked among the wealthiest child actors in the world. He was not born into wealth. He debuted his career as an actor when he was a young boy. His biggest acting gig came in 2009 when he was cast to play the role of Manny Delgado in ABC’s hit show titled Modern Family.
He became an instant hit with audiences for this role. Since then, he has appeared in several movies and popular TV series including Name is Earl, NCIS and Sesame Street. In 2012 he wrote a book titled “Reel Life Lessons… So Far.”
The richest kids in the world are increasing, and the graph keeps changing depending on the wealth of parents. So far, the list of richest children in the world is dominated by children whose parents have already cracked the wealth code and earned themselves a fortune. However, some of the kids are self-made and continue to increase their wealth through innovations and talent.
Tuko.co.ke published the list of top 20 richest heirs in the world a few months ago. These kids lucky enough to be born into one of the wealthiest or royal families in the world and are set to inherit a fortune from their parents.
Some of the names featured on this list include; Peter Brant II, Jared Kushner, Douglas Durst, Carlos Slim Domit, Hugh Grosvenor, among others. Some of these richest heirs are working hard in the career and are not solely relying on the wealth left behind by their parents or grandparents.
15 richest kids in the world in 2020
- Prince George Alexander Louis
- Blue Ivy Carter
- Phoebe Adele Gates
- Suri Cruise
- Knox Jolie Pitt and Vivienne Jolie Pitt
- Emme and Maxmilian Muniz
- Dannielynn Birkhead
- Nick Daloisio
- Abigail Breslin
- Jaden Smith
- Rajiv Ruparelia
- Elle Fanning
- Willow Smith
- Cody Simpson
- Rico Rodriguez