Clemente Del Vecchio became a billionaire at the age of 18.
The world's top richest people have toiled hard to create wealth. Some of them even used innovative ideas to come up with something extraordinary and became the wealthiest people in the world. But there are some young people who, driven by determination, resilience and the ability to seize opportunities, are building empires and shaping the future. Most of them are in their early twenties (and one a teenager) and have amassed billions of dollars, as revealed by Forbes in its latest list.
The list is based on Forbes' real-time billionaires list that ranks the top 10 youngest billionaires in the world and is based on asset data till January 30, 2024.
The wealthiest, and youngest, among the list is Clemente Del Vecchio, one of the six children of Leonardo Del Vecchio, the chairman of EssilorLuxottica who died in 2022. Clemente is just 19 but has a net worth of $4.1 billion.
After his father's death, he acquired 12.5 per cent ownership in the Luxembourg-based holding company Delfin, as per Forbes. Apart from EssilorLuxottica (which owns the brand Ray-Ban), the holding company has shares in insurer Generali, banks like Mediobanca and UniCredit, and real estate developer Convivio.
Clemente became a billionaire at the age of 18.
Next in the list is Kim Jung-youn, the online gaming queen. All of 20, she holds 31 per cent of NXC, the largest shareholder in the online gaming company Nexon. Majority of the shares have been passed down from her late father Kim Jung-ju, who founded Nexon in 1994 and died at the age of 54 in February 2022.
Germany-based Kevin David Lehmann is another young billionaire. He holds 50 per cent ownership stake in Germany's drugstore chain, dm (drogerie markt), with an annual revenue exceeding $14 billion.
According to Forbes, his personal net worth is $2.5 billion.
Jung-youn's sister Kim Jung-min is also among the top 10 billionaires in the world. The 22-year-old has a net worth of $1.7 billion.
Clemente's brother Luca Del Vecchio has also made it to the list. He holds 12.5 per cent stake in Delfin, the Luxembourg-based holding company of eyeglasses major EssilorLuxottica. Leonardo Maria Del Vecchio is the third member of the Veccio family who are among the youngest billionaires. He is actively engage in EssilorLuxottica's affairs, serving as the company's chief strategy officer.
Alexandra Andersen and her elder sister Katharina own 42 per cent stake in family-owned investment firm Ferd, becoming a billionaire in their 20s. While Alexandra is 27, Katharina is 28.
Ferd is involved in various financial endeavours, including running hedge funds, actively participating in the Nordic stock exchange as an investor, and engaging in private equity investments.
Ryan Breslow is a self-made young billionaire. The 29-year-old left Stanford in 2014 to launch payment start-up Bolt. By January 2022, he became the chairman of the company. Forbes estimates the company's current valuation is around $5 billion. In addition to his involvement with Bolt, Breslow ventured into the wellness sector by establishing Love in January 2022.
Gustav Magnar Witzoe from Norway is among the 10 youngest billionaires in the world. He made his fortune in fish farming and owns nearly 50 per cent of Salmar ASA, one of the world's major salmon producers.
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FAQs
Who is the youngest billionaire in the world? Livia Voigt and Clemente del Vecchio.
Who is the youngest billionaire in the world now? ›
Clemente was at one time the world's youngest billionaire (at the age of 18), but he has since aged out of that title, which is now held by Livia Voigt.
How much money is Kim Jung Youn worth? ›
Her sister, Kim Jung-youn is 20 and also worth $1.4 billion.
Who is the 19 year old billionaire? ›
According to Forbes Billionaires List 2024, a 19-year-old Brazilian student Livia Voigt was named the youngest billionaire. She took this title from an Italian teen, Clemente Del Vecchio, who is just two months older than her.
Who is the 19 year old billionaire daughter? ›
Livia Voigt, hailing from Brazil, stands as the heiress to one of Latin America's prominent electrical motors manufacturers. Holding the position of the largest individual shareholder at WEG, a company co-founded by her grandfather, Werner Ricardo Voigt, Livia's ascent to billionaire status has garnered attention.
Who is the richest 19 year old? ›
The youngest billionaire in the world is Brazil's Livia Voigt. Just 19 years old and still in college, she's worth an estimated $1.1 billion thanks to her minority stake in the electrical equipment producer WEG, which her late grandfather cofounded.
Who is the youngest billionaire in 2024? ›
Dora Voigt d Assis is the older sister of Livia Voigt de Assis, the youngest billionaire on this list. She is also one of the largest individual shareholders of WEG, the largest manufacturer of electrical motors in Latin America. Dora graduated from an architecture college in 2020.
Who is the richest kid in Korea? ›
Gaming heiress Kim Jung-youn is officially the world's youngest billionaire. She is only 18 years old and inherited around US$2.5 billion in company stakes after her father Kim Jung-ju died in February this year. After a hefty inheritance tax bill, her net worth comes to US$1 billion.
Who is the richest in South Korea? ›
Jay Y. Lee, 55, is the richest person in South Korea with a net worth of $11.5 billion, almost 19% higher than the next person. He, also known as Lee Jae-yong, became the executive of the country's biggest conglomerate Samsung in October 2022.
Who is the richest 23-year-old? ›
The World's 10 Youngest Billionaires
Makeup mogul Kylie Jenner is No. 1: With $1 billion at 22 years old, she remains the world's youngest self-made billionaire. At No. 2 is 23-year-old Alexandra Andresen, worth $1.1 billion.
Zuckerberg took the company public in May 2012 with majority shares. In 2008, at age 23, he became the world's youngest self-made billionaire. He has since used his funds to organize multiple donations, including the establishment of the Chan Zuckerberg Initiative.
Who was a billionaire in 1800? ›
By half decade
| Year | Name |
|---|
| 1795 | Elias Hasket Derby |
| 1800 | Thomas Willing |
| 1805 | Stephen Girard |
| 1810 |
47 more rowsEight-year-old Charlotte is the wealthiest royal grandchild and the richest child in the world, with an estimated net worth of £3.9 billion ($5 billion).
Who is TikTok's billionaire's daughter? ›
Moo Abraham, or as more people will know her 'The Billionaire's Daughter,' is not your average 11-year-old.
Who is the rich girl named Moo? ›
Moo Abraham is the daughter of Emily and Adam Abraham, who founded a second-hand luxury goods store called Love Luxury that resells handbags, watches and jewelry.
Who is the youngest billionaire 9 year old? ›
Muhammed Awal Mustapha, known as Mompha junior, also has a fleet of luxury cars. (Image posted on Instagram by Muhammed Awal Mustapha) A nine-year-old African kid is reportedly the world's youngest billionaire, who travels around the world in his private jet and has several mansions to his name.
Was Mark Zuckerberg the youngest billionaire? ›
Zuckerberg took the company public in May 2012 with majority shares. In 2008, at age 23, he became the world's youngest self-made billionaire. He has since used his funds to organize multiple donations, including the establishment of the Chan Zuckerberg Initiative.
Who is the billionaire in 102 years old? ›
George Joseph, 102, is currently the world's oldest billionaire, according to the Forbes Billionaire List 2024. 102-year-old George Joseph is currently the world's oldest billionaire, according to the Forbes Billionaire List 2024.
