Twelve people under the age of 30 made Forbes’ 2022 list of the World’s Billionaires, including four Stanford dropouts, two food delivery magnates and a cryptocurrency whiz. Together, this rarefied group is worth $25.8 billion and represents less than half a percent of the 2,668 billionaires Forbes found this year. The Norwegian sisters each inherited 42% of the family-owned investment company Ferd in 2007. Their father Johan still runs Ferd and controls 70% of the voting rights via a dual-class share structure. Their late grandfather cofounded WEG, an electrical equipment producer; each woman owns 3.1%. Clemente Del Vecchio is the youngest of the Italian brothers on the under-30 list at 20 years old.
Livia Voigt and Dora Voigt de Assis
Their 4.6% stakes in Indian conglomerate Tata Sons pushed both of their net worths over $5 billion in 2024. Along with her younger sister, Kim Jung-youn, Jung-min inherited around a third of their family’s assets—including a 15% stake each in game maker Nexon—after their father Kim Jung-ju died in February 2022. Jung-ju founded Nexon, known for its massively multiplayer online games Kingdom of the Winds and MapleStory, in 1994.
NET WORTH: $1.1 BILLION
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. 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. She and her older sister, Dora Voigt de Assis, 26, are two of seven fresh faces among the 25 youngest billionaires, and two of 18 heirs among this set. One of two teenage billionaires on this year’s rankings, Kim Jung-youn inherited a stake in her late father’s holding company, which in turn holds approximately half of online gaming giant Nexon. Both Kim sisters keep a low profile and are not known to have an active role in the company.
Remi Dassault
He was only two months shy of being declared the youngest billionaire in the world by Forbes. Luca Del Vecchio is the second Del Vecchio brother to make the youngest billionaire list in 2024. Like his older brother, he inherited a 12.5% stake in the family business when their father died in 2022. But unlike previous entries on this list, which include disgraced FTX cofounder Sam Bankman-Fried and Meta CEO Mark Zuckerberg, all of the youngest billionaires in 2024 have family succession to thank for their fortunes.
Norwegian sisters Alexandra, 28, and Katharina, 29, both own 42% stakes in Ferd, which has made their reported net worths $1.5 billion and top 10 youngest billionaires in the world $1.6 billion, respectively. Ferd invests in real estate, oil service business Interwell, and the largest private medical laboratory in Norway, according to Forbes. Del Vecchio is the 29-year-old son of Leonardo Del Vecchio, the Italian founder of eyewear brand EssilorLuxottica and former chair of Ray-Ban until his death in 2022. Upon their father’s death, Del Vecchio and his six siblings each inherited a 12.5% stake in the family’s holding company. They’re far from the only young billionaires to have joined the list in the past three years due to a father’s passing. Italy’s Clemente Del Vecchio, 19, received a hefty stake in the Italian-French maker of Ray-Ban, EssilorLuxottica, after the 2022 death of Leonardo Del Vecchio.
Del Vecchio, who turns 19 in May, gets his fortune from a share of his father’s holding company Delfin, which has a stake in eyewear giant Luxottica (known for brands such as Ray-Ban and Sunglass Hut). Not much is known about the young heir, whose six siblings (two of whom are also under 30) and stepmother also make their debut. Even less is known about Kim, whose fortune lies in Japanese-South Korean online gaming giant Nexon.
In 2017, he founded the defense technology company Anduril, which has been sending drones to Ukraine. These inheritances illustrate the beginning of a long-anticipated generational wealth transfer among aging populations around the world. In the United States, Baby Boomers and their elders (those born in 1964 or earlier) hold $95.9 trillion of a total $147.1 trillion of household wealth, per the Federal Reserve. Trillions are expected to change hands every year as the affluent elderly pass away and leave their fortunes to descendants.
The celebrity-turned-makeup-mogul is the world’s youngest self-made billionaire ever. In November, she inked a deal to sell a 51% stake in Kylie Cosmetics to beauty giant Coty Inc. for $600 million. They span the globe, hailing from the U.S., Brazil, Germany, Hong Kong, Ireland and Norway.
- A newcomer to the billionaire ranks, Pedro is the son of the late Edson de Godoy Bueno (d. 2017), once Brazil’s richest healthcare billionaire.
- Despite the global markets falling in response to the COVID-19 pandemic, several people under 30 made the list for the first time this year.
- They founded the company in 2013, while still at Stanford, and took it public in 2020.
- The rest are from Brazil, South Korea and Hong Kong (all heirs), or Japan and the United States (all self-made).
Prior to his father’s death, he’d run the company’s organics division, but resigned because “I do not believe one should be both an employee and a shareholder of the same company,” according to a statement at the time. Red Bull generated $11.6 billion in revenue last year and sold 12.1 billion cans, enough for each person on earth to pep up with 1.5 energy drinks. Nearly all of these 25 who made the ranks are richer than last year. The rest are from Brazil, South Korea and Hong Kong (all heirs), or Japan and the United States (all self-made). He youngest billionaires on the planet haven’t even been alive for three decades, but that hasn’t stopped them from amassing three-comma fortunes.
They founded the company in 2013, while still at Stanford, and took it public in 2020. Stripe, the payments company founded by John and his older brother Patrick, raised $250 million from investors at a $35 billion valuation in September 2019. John, born and raised near Limerick, Ireland, now lives in San Francisco, where Stripe is headquartered.
One of two children between Leonardo Del Vecchio and Sabrina Grossi, a former Luxottica board member and the company’s former head of investor relations, Luca is not known to have a role at the eyewear company. His Czechoslovak Group is one of the biggest suppliers of ammunition, ground equipment and artillery equipment to the Ukrainian army, which has helped double sales to $620 million in the first half of 2022. He took full control of the business, founded by his father, in 2018. Nineteen until July, and two months younger than Clemente Del Vecchio, she is the world’s youngest billionaire.
Livia Voigt is the youngest billionaire in 2024 at 19 years old with a net worth of $1.1 billion. She and her sister, 26-year-old Dora Voigt de Assis, who also has a net worth of $1.1 billion, are the granddaughters of Brazilian billionaire Werner Ricardo Voigt. Wang’s fortune comes from a stake in Shenzhen-listed traded company CNNC Hua Yuan Titanium Dioxide—a chemical used to create white pigment for things like paint and paper. Net worths were calculated using stock prices and currency exchange rates from March 11, 2022. 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.
Witzoe owns nearly half of Salmar ASA, one of the world’s largest salmon producers, which is still run by his father. The Norwegian heir has dabbled in modeling as well as tech and real estate investing. From makeup mogul Kylie Jenner to Hong Kong real estate heir Jonathan Kwok, these 10 billionaires are worth $15.9 billion combined. When Günther Fielmann, the entrepreneur known for bringing cheap eyeglasses to Germany, died in January at the age of 84, he left much of his fortune to his two children, Sophie and Marc. 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. The self-taught software engineer made his first fortune when he launched the startup Oculus VR, selling a virtual reality headset he’d made at age 16, then cashed out to Facebook in 2014 in a $2 billion deal.
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