Facile synthesis of ultrahigh surface area porous carbons with well‐defined functionalities such as N‐doping remains a formidable challenge as extensive pore creation results in significant damage to the active sites. Herein, an ultrahigh surface area, N‐doped hierarchically porous carbon was prepared through a multicomponent co‐assembly approach. The resultant N‐doped hierarchically porous carbon (N‐HPC) possessed an ultrahigh surface area (≈1960 m2 g−1), a uniform interpenetrating micropore (≈1.3 nm) and large mesopore (≈7.6 nm) size, and high N‐doping in the carbon frameworks (≈5 wt %). The N‐HPC exhibited a high specific capacitance (358 F g−1 at 0.5 A g−1) as a supercapacitor electrode in aqueous alkaline electrolyte with a stable cycling performance after10 000 charge/discharge cycles. Moreover, as a CO2 absorbent, N‐HPC displayed an adsorption capacity of 29.0 mmol g−1 at 0 °C under a high pressure of 30 bar.