Did you know that there are more than 2700+ billionaires in the world right now? Yes, that’s 100% true, but you’ll be even more surprised to know that some of these billionaires are very young, as young as just 19 years old. If that has got you curious already then keep on reading because we are about to take a good look at the list of the top 10 youngest billionaires in the world as of 2024. Let’s see who they are, how they became billionaires at such a young age, and what they are into right now. Here we go.
1. Livia Voigt
At just 19 years old, Livia Voigt from Brazil is the youngest billionaire in the world in 2024. She inherited her wealth from her grandfather, Werner Ricardo Voigt, a founder of WEG, a big company that makes electrical equipment. So yes, if you consider inherited money to be counted as someone’s net worth, then for sure, Livia Voigt is THE youngest billionaire in the world as of April 2024. Livia owns a small part of WEG, and her wealth is about $1.1 billion. Although she is very wealthy, she is still studying psychology in college. Her money comes from the profits of the shares she inherited.
2. Clemente Del Vecchio
Also 19 years old, Clemente Del Vecchio from Italy is a billionaire who got his money by inheriting part of his family’s wealth, just like Livia Voigt. But, his wealth, about $4.7 billion, comes from owning 12.5% of Delfin, the family company that owns EssilorLuxottica, the biggest eyewear company in the world. So no wonder why he is on this list of the youngest billionaires in the world. This wealth came from his father, Leonardo Del Vecchio, a famous business leader. Clemente is interested in science and technology and is focusing on his studies while staying away from the business world.
3. Kim Jung-Youn
Twenty-year-old Kim Jung-youn from South Korea and her sister Kim Jung-min own a big part of Nexon, a top online gaming company. They inherited about 18% of NXC, the company that owns Nexon, after their father died in 2022. So once again, the third youngest billionaire on this list has made it to this list because of inheritance. Talking about her wealth, well, that is now about $1.4 billion. Despite their big wealth, neither sister takes part in running Nexon and they keep a very private life.
4. Kevin David Lehmann
Kevin David Lehmann, who is 21 as of 2024, has a wealth of $3.3 billion. He owns 50% of Germany’s biggest drugstore chain, dm-drogerie markt. Again, just like the previous billionaires on this list, Kevin also got this wealth from his father, because his father, Guenther Lehmann, gave him his share when Kevin was just 14 to prepare for passing on the wealth. Kevin does not take part in running the stores, focusing instead on managing his wealth in private.
5. Kim Jung-Min
22-year-old Kim Jung-min, sister to Kim Jung-youn, shares a $1.4 billion net worth with her sister. Their money comes from their shares in Nexon, given to them by their father, Kim Jung-ju. So in a way, she is also considered a billionaire, but she is two years older than Kim Jung-Youn. Like her sister, Kim Jung-min does not involve herself in managing Nexon. Both sisters keep their lives and work very private.
6. Luca Del Vecchio
At just 22 years old, Luca Del Vecchio is one of the youngest billionaires. He got his wealth from family businesses. His father, Leonardo Del Vecchio, led EssilorLuxottica, a huge company that makes eyeglasses. When his father passed away in 2022, Luca inherited 12.5% of Delfin, a big company based in Luxembourg. This company has large shares in major businesses like Generali insurance, Mediobanca and UniCredit banks, and Covivio, a real estate developer. As of 2024, Luca’s wealth is about $4.6 billion. He plays a big role in luxury goods and investing.
7. Remi Dassault
Remi Dassault, who is 23, comes from a well-known French family that has a long history in aerospace and defense. The Dassault family started with Marcel Dassault, Remi’s great-grandfather, who created Dassault Aviation. Remi got his wealth after his father, Olivier Dassault, died in a helicopter crash in 2021. He owns parts of Dassault Aviation and has investments in media (including Le Figaro), vineyards, and private flying businesses. His wealth is now $2.3 billion, showing his family’s long success and his own business skills.
8. Zahan Mistry
Zahan Mistry, 25, became a billionaire through his family’s connection to Tata Group, one of India’s biggest business groups. His father, Cyrus Mistry, was the leader of Tata Sons when he died, and Zahan inherited part of the family’s 18.4% share in the group. Tata Sons has businesses in important areas like steel, cars, IT, and energy. Zahan’s inheritance makes him very important in India’s industry, with a wealth of $4.6 billion.
9. Dora Voigt de Assis
Dora Voigt de Assis, 26, is a major owner in WEG, which is the top maker of electric motors in Latin America. Dora doesn’t work as a boss or board member at WEG. Her wealth, estimated at $1.1 billion, comes from her shares in the company that her grandfather, Werner Ricardo Voigt, helped start. WEG works in more than ten countries and made about $6 billion in 2022. Dora’s training as an architect and her big shares in WEG show her influence in both culture and business.
10. Firoz Mistry
Firoz Mistry, 27, shares his source of wealth with his brother Zahan. Their father, Cyrus Mistry, led Tata Sons until his death. Firoz owns part of the family’s share in Tata Sons, highlighting his family’s big role in the group. With a net worth also at $4.6 billion, his interests include a wide range of sectors like cars, steel, and IT. Owning shares in Tata Sons makes Firoz a billionaire and puts him in a key position to continue his family’s legacy and guide growth in one of Asia’s key business groups.
Conclusion
That’s all there is for now. You might look at how these billionaires got their wealth, and you’d be like there are very few self-made billionaires that are young, but that’s not true. There are a lot of individuals who became billionaires from the ground up, and we’ll talk about that in some other post. So stay tuned.
Brandon is the cheif editor and writer at WorldUnfolds.com. With a passion for storytelling and a keen editorial eye, he crafts engaging content that captivates and enlightens readers worldwide.
