Top 10 Youngest Billionaires in the World 2024

The world's youngest billionaires are reminders that wealth, innovation, and entrepreneurship aren't a privilege reserved for decades-old experiences. Most of these young moguls inherited their riches, but they're shaping the global industries due to their ambitions and vision. Let's take a closer look at the ten youngest billionaires and their respective journeys as well as their sources of wealth according to the Forbes real-time billionaires list, November 25, 2024:

1. Clemente Del Vecchio

Net Worth: $5.2 Billion
Age: 20
Country: Italy
Source of Wealth: EssilorLuxottica, Delfin

Clemente Del Vecchio, the youngest billionaire on the list, inherited a 12.5% stake in Delfin, the holding company of his late father, Leonardo Del Vecchio. Delfin owns a significant portion of EssilorLuxottica, the global eyewear giant, and holds stakes in prominent insurers, banks, and real estate developers. Clemente, who resides in Milan, dreams of pursuing a career in science and technology alongside his interest in managing family wealth.

2. Livia Voigt

Net Worth: $1.3 Billion
Age: 20
Country: Brazil
Source of Wealth: WEG

Livia Voigt is one of the largest shareholders of WEG, Latin America's leading manufacturer of electrical motors. Her grandfather, Werner Ricardo Voigt, co-founded WEG, a multinational powerhouse generating over $6 billion in revenue in 2022. Despite her wealth, Livia focuses on her university studies and holds no executive role within the company.

3. Kim Jung-youn

Net Worth: $1.2 Billion
Age: 20
Country: South Korea
Source of Wealth: NXC, Nexon

Kim Jung-youn inherited her share in NXC, which is the largest shareholder of Nexon, an online gaming giant. Nexon was created by her late father Kim Jung-ju. Nexon is the biggest player in online gaming globally. Jung-youn and her older sister Kim Jung-min have a combined 31% share of NXC, but the two sisters are not publicly visible and do not engage in operational management.

4. Kevin David Lehmann

Net Worth: $3.1 Billion
Age: 22
Country: Germany
Source of Wealth: Drugstores

Kevin David Lehmann is the owner of a 50% stake in the dm (Drogerie Markt) chain, one of the biggest networks of drugstores in Europe that generates annual revenues above $14 billion. His father, Guenther Lehmann, gave him a stake in the business back in 2017. Kevin David does not keep himself in the public domain and never joins the day-to-day operations of the business despite his great wealth.

5. Kim Jung-min

Net Worth: $1.2 Billion
Age: 22
Country: South Korea
Source of Wealth: NXC, Nexon

Kim Jung-min, like her sister Kim Jung-youn, inherited a significant share in NXC after their father's death in 2022. The sisters are the largest shareholders of Nexon. Although Nexon is doing well in the gaming industry, the sisters are low-key and have no involvement in the company's operations.

6. Luca Del Vecchio

Net Worth: $5.2 Billion
Age: 23
Country: Italy
Source of Wealth: EssilorLuxottica, Delfin

The brother of Clemente, Luca Del Vecchio, holds a 12.5% stake in Delfin. Unlike Clemente, Luca actively serves as Chief Strategy Officer within the family empire, focusing on strategic growth and investments. Delfin's huge portfolio comprises stakes in eyewear, insurance, banking, and real estate.

7. Remi Dassault (Rémi Germain, Dassault Systemès)

Net Worth: $2.1 Billion
Age: 23
Country: France
Source of Wealth: Dassault Aerospace and Software

Remi Dassault is part of the prestigious Dassault family, who founded Dassault Aviation, a company known for its innovation in aerospace. He inherits stakes in vineyards, publishing companies, and the private aeronautics business. Remi's father, Olivier Dassault, was a prominent politician who died in 2021.

8. Zahan Mistry

Net Worth: $4.9 Billion
Age: 25
Country: Ireland
Source of Wealth: Shapoorji Pallonji Group

Zahan Mistry is the scion of the Shapoorji Pallonji Group, a construction and engineering empire. After his father Cyrus Mistry's death in 2022, Zahan Mistry inherited a stake in Tata Sons. He plays an active role in shaping the future of the family business. His strategic vision has been central to initiatives like listing Afcons Infrastructure, a privately held subsidiary, to reduce debt.

9. Dora Voigt de Assis

Net Worth: $1.3 Billion
Age: 26
Country: Brazil
Source of Wealth: WEG

Dora Voigt is the elder sister of Livia Voigt, and she too holds a considerable percentage in WEG, Latin America's electrical motor manufacturing giant. Dora Voigt graduated in architecture and, like her sister, keeps away from executive positions in WEG, pursuing her interests outside of business.

10. Firoz Mistry

Net Worth: $4.9 Billion
Age: 27
Country: Ireland
Source of Wealth: Shapoorji Pallonji Group

Firoz Mistry, Zahan's older brother, also inherited a stake in Tata Sons through their family's holdings. Firoz is a sharp tactician from the University of Warwick background. His entrepreneurial blood and business acumen drive the construction ventures of his family.
Key Highlights

Key Takeaways: The Next Generation of Billionaires

These young billionaires illustrate how wealth can be inherited, but ambition and strategy shape success. Some, like Luca Del Vecchio and Zahan Mistry, are actively involved in their family businesses, making critical decisions and strategic investments. Others, such as Kim Jung-youn, Kevin David Lehmann, and Livia Voigt, prefer to focus on education and personal passions while keeping a low profile.

Their diverse paths to success highlight how the next generation of wealth-holders will influence finance, technology, construction, retail, and gaming. Whether by managing their inherited fortunes or taking an active leadership role, these young billionaires are poised to reshape industries and redefine global wealth.

Final Thoughts

While many of these billionaires were born into exceptional financial circumstances, their ability to navigate, innovate, and lead will determine their lasting impact. Will they continue their family legacies, expand into new industries, or pursue independent ventures? Only time will tell.

One thing is certain: youth is no barrier to immense financial influence.