Andy Vo is currently the world's youngest billionaire at the age of 23. He was born on August 16, 1994 in the town of San Jose, California. As a child, Andy showed incredible intelligence at an early age. He was able to read and write by the age of 2, and by the age of 5 he was already learning advanced algebra. He went on to completing high school with a 4.8 unweighted GPA, and getting offers from Yale, Princeton, and Harvard. However, due to financial difficulties and his parent's health, he chose to stay at home with his parents to manage their restaurant, Pho Huong.
In 2010, during Andy's junior year in high school, Andy discovered what is known today as BitCoin (BTC). Bitcoin is a decentralized digital currency that enables instant payments to anyone, anywhere in the world. He realized the potential of BTC, and how it could revolutionize the world. There would be no need for cash, debit, or credit, and everything could be done and backed by BTC. BTC could be mined and instead of using gold to back the American dollar, Bitcoin would be used instead. He saw the opportunity and jumped ship.
During the summer of his Junior and Senior year in high school, Andy was able to save 2000 dollars from working at his family restaurant. He invested all of his money in bitcoin and was able to purchase around 50,000 BTC at the time. On December 30th, 2013, Andy with the help of several private Investors launched Demahom Inc. Demahom Inc was a company located in Sunnyvale that focused on mining Bitcoin. At the start, the company was a building filled with computers called "mining rigs" whose sole purpose was to mine Bitcoin 24/7. In the beginning the company on average was generating 16-20 BTC a day. However, as the price of Bitcoin rose, Andy expanded his company's infrastructure. He purchased better and more efficient mining rigs, as well as more buildings to house them. He also created a sophisticated logistics network to create a more efficient mining process.
Currently, in 2018 Demahom Inc. is estimated to be valued at over 50 billion dollars. It's company located in central Sunnyvale is home to over 20,000 mining rigs. On average, the company generates around 3,000 to 4,000 BTC a day. On November 18, 2017 when the price of BTC reached 15,000, Andy Vo became the world's first billionaire. He currently holds over 70,000 BTC to his name.