Grandfather Werner Ricardo Voigt played a pivotal role in shaping the family’s business empire. As the WEG founder, he established the company as a major player in the electrical motors sector, which has since grown into a prominent enterprise in Latin America and beyond. Edging out Italian youngster Clemente Del Vecchio, Livia boasts a net worth of $1.1 billion, a testament to her family’s influence in Latin America’s business arena. The gift from his father, equating to $1.7 billion, makes Ludwig Theodor Braun the 1,394th richest person in the world, according to Forbes. Braun doesn’t show up often in social media, and it is almost impossible to find an image of him on the Internet. This 28 year-old German owns 10 percent of the medical device company, B.
They received their minority stakes in Tata after the 2022 death of their father, Cyrus Mistry, who died less than three months after their revered grandfather Pallonji Mistry. The Del Vecchio family is a prime example of how wealth and influence can span generations. The family’s business empire, EssilorLuxottica, is the world’s largest eyeglasses company, a colossal entity in the optical sector. Leonardo Del Vecchio, the visionary founder of the company, passed away in 2022, leaving a substantial fortune that has significantly impacted his heirs. The world’s youngest billionaire is Livia Voigt, 19, who has a $1.1bn fortune thanks to a 3.1% stake in WEG Industries, a Brazilian electrical equipment producer co-founded by her grandfather Werner Ricardo. They’re far from the only young billionaires to have joined the list in the past three years due to a father’s passing.
Age: 31 Citizenship: U.S. Source of Wealth: Virtual Reality, Defense Technology Net Worth: $2.3 Billion
Mark Zuckerberg may not be the youngest billionaire on this list, but he is the richest by far. As you might have guessed, Zuckerberg’s billions are tied to his partial ownership of Facebook — he owns around 13% of the social media conglomerate at this point. Some have been lucky enough to receive a share of their thriving family businesses; others have amassed fortunes on their own merits before they turned 30, fortunes worth more than $1.3 billion. One of the youngest billionaires to have made – rather than inherited – their fortune is Ben Francis, 31, the British founder of athleisure brand Gymshark.
Age: 42 Net worth: $3.8 billion Source of wealth: OnlyFans
They founded the company in 2013, while still at Stanford, and took it public in 2020. It’s a rare feat to become a billionaire, especially at a young age. The average billionaire is 66, and the oldest person in the ranks is 102. After a brief stint at consulting firm McKinsey & Co., she joined Trina Solar’s investment arm in 2017.
Kevin David Lehmann
- While Marc, age 34, has helmed Fielmann AG since 2019, Sophie has no role in the eyeglasses company but still owns about a third of its stock.
- Garcia cofounded Carvana, an ecommerce platform for buying and selling used cars, in 2012 as a subsidiary of his father’s used car dealer DriveTime.
- Originally from Iowa, Silbermann amassed his fortune when Pinterest went public in April 2019.
- All the same, she’ll jump on other equally important topics if needed.
- His portfolio includes 25 percent stakes in Shapoorji Pallonji Group.
In 2017, he founded the defense technology company Anduril, which has been sending drones to Ukraine. When he was a 19-year-old college student with a Pizza Hut delivery job, he and his friend Lewis Morgan started a website they called Gymshark, which they used to sell supplements they’d bought in bulk for a small profit. When they transitioned into sewing and screen printing fitness clothing in Francis’ parents’ garage, their sportswear brand was born. Morgan offloaded his stake to private equity firm General Atlantic in a 2020 deal that valued the company at $1.5 billion. Let’s look at the list of the top ten youngest billionaires in the world and see how these people amassed their great wealth.
They each own 3.1% of WEG, one of the world’s biggest electric motor manufacturers. Like her sister Katharina, Alexandra also holds a 42% stake in the investment company Ferd and is a member of its board. She also owns the Oslo horse-breeding stable Andresen Dressage and rode horses top 10 youngest billionaires in the world competitively until spinal stenosis-related back problems forced her to retire. She and her sister Jung-youn each own approximately 9% of the South Korean-Japanese online gaming publisher Nexon, founded by their late father Kim Jung-ju in 1994.
- A citizen of Norway, Katharina is 28 years old and has a net worth of $1.7 billion.
- While self-made billionaires like Ben Francis are celebrated for their entrepreneurial spirit, they represent a minority in the billionaire population.
- The China when their parents became billionaires recorded double-digit GDP growth — a boom that made it possible for Chinese billionaires to collectively build up US$1 trillion of wealth.
- The U.S. had the most billionaires in the world, with a record of 565.
He is 75 and has recently promoted his children to key roles in the business. Arnault has an estimated fortune of $233bn, a 10% increase on last year. The 25 youngest people on the Forbes’ World’s Youngest Billionaires of 2024 list are all 33 or younger and worth $110 billion together. Some are self-made, but for the first time in more than 15 years, every billionaire under 30 inherited their fortune.
He and his three siblings inherited their wealth from their father, Dan, who founded gas and oil pipeline company Enterprise Products Partners. Clemente is the third Del Vecchio sibling to own a share of the Ray-Ban producer EssilorLuxottica. Like his brothers, he owns 12.5% of the holding company Delfin.
Coinbase went public this past April at a valuation of about $100 billion. After the dot-com bubble started to collapse in 2000, his wealth dropped to $60 billion, although he remained at the top of the list. The richest person on the planet is the majority owner of the luxury goods conglomerate LVMH, Bernard Arnault.
Facebook founder Mark Zuckerberg, four years after starting the company, joined the list at 23 to become the youngest self-made billionaire. Charles Koch, the elder of the US billionaire industrialist brothers, is 88. Research by Forbes magazine found there were 15 billionaires aged 30 or under but that none had created their own wealth, instead benefitting from huge inheritances.
They’ve taken an active role on making strategic investments in various sectors, including personal finance and technology. Out of the 14 billionaires under 30, 11 inherited their fortunes, showcasing how access to wealth and opportunities often come from family connections, rather than from self-made successes. For instance, Kevin David Lehmann, a 21-year-old German billionaire, inherited a 50 percent stake in dm-drogerie markt, a leading European drugstore chain.
In 2022, he paid off the student loan debt for the entire graduating class of the Otis College of Art and Design, where he’d taken classes during high school. For the first time since 2009, every billionaire under 30 inherited his or her fortune—the result of some self-made entrepreneurs aging into their 30s, and a sign that the “great wealth transfer” has begun. This year, the 25 youngest people on the Forbes’ World’s Billionaires list are all 33 or younger. A few are self-made, having built notable companies like Snap (Evan Spiegel, 33), Gymshark (Ben Francis, 31) and Oculus VR (Palmer Luckey, 31). Most of the youngest billionaires inherit wealth from their families. In contrast, most older crowd have built their fortunes from scratch.