The universe of billionaires presents a much different picture. While past generations usually built their fortunes on their own efforts, many of the younger billionaires got their fortune from their parents. Still, some young billionaires have overcome the challenges of entrepreneurship and creativity. Their success stories define endurance, tenacity, and the capacity to grab possibilities. Whatever their means of riches, today’s youthful billionaires are not only building empires but also influencing the direction of society. Their stories demonstrate how fervent and tenacious dreams can be realised.
From family inheritances to corporate legacies to technology startups, there are now more young billionaires than ever.
Today’s youthful billionaires are not only creating empires but also influencing the future, regardless of how they came by their riches. They remind us that, when pursued with fervour and tenacity, dreams can come true.
List Of Top 10 Youngest Billionaires In The World 2024
1. Clemente Del Vecchio -$5.4 Billion
Clemente ranks as the second youngest billionaire worldwide. One of the children of late Leonardo Del Vecchio, who oversaw EssilorLuxottica until his death in 2022, Clemente received 12.5% of the Delfin holding company based on Luxembourg upon the death of his father. Delfin owns real estate developer Convivio, Generali, the insurance firm EssilorLuxottica, banks like Mediobanca and UniCredit, and stakes in Clemente wants to go to college to start a career in science and technology even if he has inherited this riches.
2. Luca Del Vecchio -$5.2 Billion
Out of the six children of late Leonardo Del Vecchio, Luca Del Vecchio is one Like his brother Clemente, Luca acquired a 12.5 percent share in the Luxembourg-based holding firm Delfin after his father died. Delfin holds real estate developer Covivio, Generali’s insurance business EssilorLuxottica, Mediobanca and UniCredit banks, and shares in Luca, the chief strategy officer, actively participates in corporate operations unlike Clemente.
3. Firoz Mistry -$5.1 Billion
Older brother of Zahan Mistry is Firoz Mistry. Firoz also acquired a fraction of their family’s 18.4% investment in Tata Sons upon the death of Cyrus Mistry in 2022. He was studying at the University of Warwick. Firoz is quite excellent in business and forward planning. About 25% of the Shapoorji Pallonji Group he owns is large chunk.
4. Zahan Mistry -$5.1 Billion
Zahan Mistry is the son of Cyrus Mistry, who oversaw Tata Sons at one point. Zahan received 18.4% of Tata Sons upon his dad’s death in a 2022 vehicle accident. He owns a large portion, perhaps 25% of the Shapoorji Pallonji Group and is rather busy running the family’s building company. To help with debt reduction, the family’s business, Shapoorji Pallonji Group, intends to list another company they own, Afcons Infrastructure, on the public market.
5. Kevin David Lehmann -$3.5 Billion
Kevin David Lehmann controls half of Drogerie Markt, a business generating over $14 billion annually. Beginning in 1973 when Goetz Werner built the first store in Karlsruhe, Germany, Drogerie Markt, better known as dm, got underway. These days, there are more than 3,700 dm outlets. Kevin David Lehmann’s father, Guenther, manager of the family’s Pfannkuch food chain, made major investments in 1974. Guenther gifted Kevin David half of his shares in dm in 2017.
6. Remi Dassault -$2.3 Billion
Starting Dassault Aviation, a French aeroplane manufacturer producing propellers during World War I, Remi’s great-grandfather Renowned politician in France’s National Assembly Remi’s father, Olivier Dassault, tragically died in a helicopter accident in 2021. The Dassault family also controls a private aircraft company, vineyards, and Le Figaro newspaper.
7. Kim Jung-youn -$1.7 Billion
Together owning over 18% of NXC, the largest shareholder of the online gaming giant Nexon, Kim Jung-youn and her older sister Jung-min Their father, Kim Jung-ju, who founded Nexon in 1994 but tragically died at 54 in February 2022, left a sizable portion of their inheritance. Both Jung-youn and her sister would rather keep a low profile in public and are not directly involved in daily running Nexon.
8. Kim Jung-min -$1.7 Billion
Fourth out of the ten youngest millionaires worldwide is Jung-min, Jung-youn’s sister. The sisters possess roughly 31 percent of NXC, the biggest shareholder in the well-known online gaming corporation Nexon taken together. Jung-youn and Jung-min both live low public profiles.
9. Livia Voigt -$1.4 Billion
Livia Voigt is heavily involved in WEG, the biggest electrical motor producer in Latin America. Together with late billionaires Eggon Joao da Silva and Geraldo Werninghaus, her grandfather, Werner Ricardo Voigt co-founded the corporation. Operating factories all over more than 10 countries, WEG is a worldwide company listed openly. Its expected income in 2022 is around $6 billion. Livia, the biggest individual stakeholder, has her studies under progress at university and does not have any executive position inside the corporation.
10. Dora Voigt de Assis -$1.4 Billion
Older sister of Livia Voigt de Assis, Dora Voigt d’Assis is the youngest billionaire on this list. Dora also owns a sizable portion of WEG, the largest electrical motor manufacturer in Latin America. 2020 saw her complete architectural degree. She doesn’t have a lot of work at WEG, same as her sister.