They each own 3.1% of WEG, slightly less than the 3.9% stakes owned by their older cousins Eduardo and Mariana. WEG exports to over 135 countries and is one of the world’s biggest electric motor manufacturers. He is the chief strategy officer of EssilorLuxottica, the largest eyeglasses company in the world and the owner of Ray-Ban, which his father chaired until his death in June 2022. Del Vecchio, his mother and his six half-siblings all inherited a 12.5% stake in the family’s Luxembourg-based holding company Delfin, which owns nearly a third of EssilorLuxottica.
- Net worths were calculated using stock prices and currency exchange rates from March 11, 2022.
- The average billionaire is 66, and the oldest person in the ranks is 102.
- It’s a rare feat to become a billionaire, especially at a young age.
- 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.
- Like his brother Firoz, his wealth comes from a 4.6% stake in the Tata conglomerate as well as a 25% stake in construction giant Shapoorji Pallonji Group.
Spiegel dropped out of Stanford to start Snapchat with his fraternity brothers Bobby Murphy and Reggie Brown in 2011 and became a billionaire by the age of 25. Now he and Murphy, top 10 youngest billionaires in the world 35, together own about a quarter of publicly traded Snap Inc., which generated $4.6 billion in revenue last year. 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.
SOURCE OF WEALTH: PUBLISHING
Altogether there are seven self-made billionaires under 30 on this year’s list, outnumbering the five heirs to established fortunes. That’s thanks in part to Stanley Tang and Andy Fang, both 29, who cofounded food delivery app DoorDash in 2013 with Tony Xu (who’s now 37). Their stakes were each valued at over $2 billion when the company went public in 2020, and while the stock has dropped off since then, the two are still worth an estimated $1.2 and $1.1 billion, respectively. Austin Russell, who became the world’s youngest self-made billionaire when his automotive sensor firm Luminar Technologies went public in December 2020, has also seen his fortune slide. Now 27, Russell’s net worth is down by one-third, to an estimated $1.6 billion.
Like her sister Dora, she owns 3.1% of WEG and has pulled in millions from dividends. She is currently enrolled in university and is completing coursework in psychology. He and his Stanford freshman dormmate Stanley Tang teamed up with MBA student Tony Xu (now 39) to launch DoorDash after noticing that the only food delivery options in the area were a local Chinese joint and Domino’s.
Shares of Hong Kong-listed SHKP have declined nearly 18% since the coronavirus outbreak at the start of the year. Sisters Kim Jung-min, 22, and Kim Jung-youn, 20, each hold 9% of Nexon, the South Korean-Japanese gaming company their father founded in 1994, Forbes reported. He inherited 50% of German drugstore chain dm-drogerie markt from his father at age 14.
SOURCE OF WEALTH: REAL ESTATE
The richest 30-and-under—by far—is Red Bull heir Mark Mateschitz, whose father Dietrich died in October 2022. With an estimated $34.7 billion fortune, he’s worth nearly ten times more than the next-richest young billionaires, Clemente Del Vecchio and his two siblings. Mateschitz is the richest of all 150 newcomers to the 2023 billionaires list. He is the third Del Vecchio sibling and the fourth heir to an eyeglasses fortune among the 33-and-under set.
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Kevin David Lehmann once held the title of the world’s youngest billionaire at just 18 years old. In 2021, he inherited his money from stakes in a German drugstore chain transferred to him by his father. This year’s list features the children of titans of industries like gaming, pharmaceuticals, and eyewear. These young billionaires come from all over, but there are no Americans under 30 on the 2024 list, Forbes reported.
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.
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.
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.
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.
Norwegian sisters Alexandra, 28, and Katharina, 29, both own 42% stakes in Ferd, which has made their reported net worths $1.5 billion and $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.
It remained under a trusteeship until his 18th birthday, when he became a billionaire. Neither Lehmann nor his father is operationally involved in the $14 billion (revenue) company. The average billionaire is 65 years old, according to Forbes’ latest ranking of the planet’s richest people, and the eldest is insurance tycoon George Joseph, who’s 101.
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.