In 2024, Forbes released the World’s Billionaires List, featuring a total of 2,781 names. Among these individuals are some of the youngest billionaires on the list, all under the age of 20. These young billionaires have inherited their wealth from their family members and it raises the question of who they are and what legacies are associated with their names. Below are some of the youngest individuals on Forbes’ list.
Clemente Del Vecchio is one such individual. At just 19 years old, he inherited his wealth from his father, Leonardo Del Vecchio, who founded EssilorLuxottica, the world’s largest producer and retailer of glasses and frames. Clemente owns a 12.5% stake in Delfin, a holding company based in Luxembourg that he inherited from his father’s passing in 2022. Delfin also has shares in various large companies including banks.
Another young billionaire on Forbes’ list is Livia Voigt. At just 19 years old, she is the main shareholder of WEG Industries, a company in Brazil known for manufacturing electric motors that was founded by her grandfather Werner Ricardo Voigt in 1961. According to Forbes, Voigt is currently studying and does not have an active role in the company.
Forbes reports that there are a total of 25 billionaires on the 2024 list who are 33 years old or younger with a collective net worth of $110 billion. Most of these billionaires did not create their wealth themselves except for a few who are older than 30.
It is interesting to note that most of these young billionaires have inherited their wealth from family members rather than creating it themselves. This raises questions about what legacy they will leave behind and how they will use their vast resources to make a difference in the world.
More information about these young billionaires on Forbes’ list can be found on their official website along with details about how they were selected as well as their net worth breakdown.