The World’s Youngest Billionaires Making Waves in 2024

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The World’s Youngest Billionaires Making Waves in 2024
10 Apr 2024
3 min read

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In the dynamic landscape of global wealth, a new generation of entrepreneurs and innovators is making waves as the world's youngest billionaires of 2024. These remarkable individuals, often dubbed as "billionaire prodigies" or "youthful titans," have defied age barriers to amass immense fortunes through their entrepreneurial ventures, tech innovations, and strategic investments.

With their fresh perspectives, bold ambitions, and relentless drive, they are reshaping industries, disrupting traditional business models, and leaving a lasting imprint on the global economy.

From tech whizzes founding groundbreaking startups to inheritors leveraging family legacies for transformative ventures, these young billionaires represent the epitome of success in the digital age. Their rapid rise to wealth and influence serves as a testament to their entrepreneurial prowess, resilience in the face of challenges, and ability to harness emerging opportunities in an ever-evolving marketplace.

As we delve into the stories of these extraordinary individuals, we uncover tales of vision, determination, and audacity that have propelled them to the pinnacle of success at such a tender age.

From Silicon Valley to emerging markets across the globe, their entrepreneurial spirit knows no bounds, as they continue to push the boundaries of innovation and redefine what it means to be a billionaire in the 21st century.

Join us as we embark on a journey to discover the world's youngest billionaires making waves in 2024, exploring their transformative ventures, bold visions for the future, and the profound impact they are having on industries, economies, and societies worldwide.

The World's Youngest Billionaires Unveiled: Next-Gen Tycoons

1. Livia Voigt

Livia Voigt Family Background

Livia Voigt comes from a lineage tied to Werner Ricardo Voigt, the billionaire co-founder of WEG, a Brazilian electrical equipment producer. Following her grandfather's legacy, she and her sister Dora own a stake in WEG, contributing to their family's wealth and entrepreneurial heritage.

Livia Voigt Age:

  • Livia Voigt, aged 19, is currently the world's youngest billionaire, holding this title until July.

Livia Voigt Citizenship:

  • She hails from Brazil, representing her country on the global stage of wealth and entrepreneurship.

Livia Voigt Source of Wealth:

  • Livia's wealth stems from her involvement in the industrial machinery sector, reflecting her strategic investments and business acumen at a young age.

Net Worth of Livia Voigt:

  • With a staggering net worth of $1.1 billion, Livia's financial standing solidifies her status as one of the youngest and most affluent individuals worldwide.

Livia Voigt Ownership in WEG:

  • Livia, akin to her sister Dora, owns a significant stake of 3.1% in WEG, a prominent player in the industrial machinery industry.

Livia Voigt Dividend Earnings:

  • Through her ownership in WEG, Livia has amassed millions from dividends, further augmenting her substantial wealth at such a young age.

Livia Voigt Educational Pursuits:

  • Despite her remarkable success in the business world, Livia is currently enrolled in university, emphasizing her commitment to education and personal growth.

Coursework in Psychology:

  • Livia's academic endeavors extend to the field of psychology, where she is completing coursework, showcasing her diverse interests and intellectual curiosity.

Youthful Achievement of Livia Voigt:

  • Livia's achievement of becoming a billionaire at the age of 19 is a testament to her entrepreneurial spirit, resilience, and ability to capitalize on opportunities in the industrial machinery sector.

Global Recognition of Livia Voigt:

  • As the youngest billionaire globally, Livia Voigt's story resonates with aspiring entrepreneurs worldwide, inspiring them to pursue their dreams and aspirations regardless of age or background.

2. Clemente Del Vecchio

Clemente Del Vecchio Family Background: 

  • Clemente is the third sibling among the Del Vecchio heirs, inheriting a significant portion of the family's eyeglasses fortune.

Age and Citizenship of Clemente Del Vecchio: 

  • At just 19 years old, Clemente Del Vecchio hails from Italy, representing the next generation of wealth and entrepreneurship.

Net worth of Clemente Del Vecchio:

  • He derives his staggering net worth of $4.7 billion from the eyeglasses industry, a sector synonymous with the Del Vecchio family's legacy and prosperity.

Clemente Del Vecchio Ownership Stake:

Like his brothers, Clemente owns a notable 12.5% stake in the holding company Delfin, which serves as a cornerstone of the Del Vecchio family's business empire.

Business Ventures of Clemente Del Vecchio:

Delfin boasts diverse investments, including stakes in prominent companies such as EssilorLuxottica, the renowned producer of eyewear brands like Ray-Ban.

Inheritance and Succession of Clemente Del Vecchio

As the fourth heir to the eyeglasses fortune among individuals aged 33 and under, Clemente is positioned to play a pivotal role in the ongoing success and expansion of the Del Vecchio family's business interests.

Entrepreneurial Legacy of Clemente Del Vecchio

The Del Vecchio family's entrepreneurial spirit and strategic investments have solidified their status as industry leaders, with Clemente poised to carry forward this legacy into the future.

Continued Impact: With his significant wealth and business acumen, Clemente Del Vecchio is primed to make a lasting impact on the eyeglasses industry and beyond, representing a shining example of youthful success and innovation in the global business landscape.

Also Read: Most Famous Entrepreneurs of All Time And What Made Them Wildly Rich

3. Alexandra Andresen:

Alexandra Andresen's listing among the youngest billionaires in 2023 and 2024, emphasizes his remarkable financial achievements and long-term success. Despite being one year older, Undressen's ranking on the 2024 list indicates his continued relevance and influence in the field of international wealth. His ability to stay a billionaire demonstrates not just his early business prowess but also his long-term money management and growth skills in the face of cutthroat competition and shifting economic conditions.

Andresen consistent appearance on these prestigious lists reflects his enduring impact on the business world and serves as a testament to his resilience, innovation, and adaptability. As a key player in the investment sector, Undressen's strategic decisions and business acumen have likely contributed to his sustained financial success, allowing him to navigate challenges and capitalize on emerging opportunities effectively.

Undoubtedly, Andresen  continued presence among the world's youngest billionaires in 2024 further solidifies his reputation as a notable figure in the global economy and serves as an inspiration for aspiring entrepreneurs and investors worldwide.

Alexandra Andresen Family Background

  • Daughter of Norwegian industrialist Johan H. Andresen Jr., who owns Ferd AS.

Age of Alexandra Andresen: 27
Citizenship of Alexandra Andresen: Norway
Alexandra Andresen source of Wealth: Investments

Net worth of Alexandra Andresen

  • With a net worth of $1.6 billion, Alexandra Andresen is among the wealthiest individuals in Norway.

  • Her influence extends beyond the business realm, as she remains a prominent figure in the equestrian community, contributing to the sport's development and promotion.

Investment Holdings of Alexandra Andresen:

  • Alexandra Andresen, like her sister Katharina, holds a 42% stake in the investment company Ferd.

  • She actively participates in Ferd's operations and serves on its board, contributing to strategic decision-making.

Passion for Equestrian:

  • Alexandra's greatest passion lies in equestrian pursuits.

  • She owns the Oslo horse-breeding stable named Andresen Dressage.

  • Alexandra herself has a competitive background in dressage riding and has achieved notable success in the sport.

Equestrian Achievements of Alexandra Andresen:

  • Alexandra Andresen is a three-time junior Norwegian champion in dressage riding, showcasing her talent and dedication to the sport.

  • However, her equestrian career was cut short due to spinal stenosis-related back problems, forcing her to retire from competitive riding.

Business and Personal Interests of Alexandra Andresen:

  • While Alexandra is actively involved in the family's investment business through Ferd, her personal interests lie primarily in equestrian activities.

  • Despite her wealth and business responsibilities, she remains deeply committed to her passion for horses and equestrian sports.

4. Kevin David Lehmann

Kevin David Lehmann Family Background:

  • Kevin David Lehmann hails from a family deeply rooted in both wealth and entrepreneurship.
  • His father's successful ventures, including Pfannkuch and DM, have significantly influenced Kevin's perspective on financial matters and enterprise.

Birth and Nationality of Kevin David Lehmann:

  • Born in September 2002 in Germany, making him a German citizen.

Ownership Stake in DM:

  • At the age of 14, Kevin received a significant 50% stake in DM from his father, Günther Lehmann.

Net Worth of Kevin David Lehmann:

  • Kevin's estimated net worth stands at a substantial $3.3 billion, making him the youngest billionaire in the world.

DM (Drogerie Markt):

  • Established in 1973 by Goetz Werner.

  • Boasts over 3,700 stores across Germany.

  • Generates approximately $12 billion in annual revenue.

  • Employs around 41,000 people.

Business Involvement:

  • Co-owns DM, Germany's largest drugstore chain, but little is known about his operational involvement in the company.

Company Philosophy:

  • DM follows a philosophy emphasizing employee well-being for long-term success, which is highly respected in German-speaking countries.

Transference of Ownership:

  • Günther Lehmann transferred his 50% stake in DM to a charitable foundation, indicating a shift in ownership control within the company.

Management Oversight:

  • Christoph, a member of DM's management board, now oversees the company's operations.

Symbol of Inheritance and Legacy:

  • Kevin David Lehmann's story exemplifies the influence of inheritance and business legacy, showcasing how familial wealth and business ventures can shape an individual's financial status and societal impact at a remarkably young age.

5. Kim Jung-min

Kim Jung-min family background.

Mother: Jisoo’s mother is a very private woman who prefers to stay out of the limelight. She has never appeared publicly alongside her daughter, and Jisoo refrains from posting her mother’s pictures on social media despite fans’ requests.

Father: Jisoo’s father, rumored to be a rich and influential person, played a significant role in inspiring her to become a singer. He encouraged her to take music and acting lessons.

Kim Ji-yoon (Older Sister): Jisoo shares a close bond with her older sister, Jiyoon. Although Jiyoon maintains a private Instagram account, she occasionally appears in public alongside her sister. Jiyoon chose a different path, embracing married life and becoming a mother of two.

Kim Jung Hun (Older Brother): Jisoo’s big brother, Kim Jung Hun, is six years her senior. Handsome and affectionately nicknamed a “hottie” by Jisoo’s followers, he occasionally features in her social media posts. In May 2019, he tied the knot, and the entire “Blackpink” family attended his wedding ceremony

Citizenship and Age of Kim Jung-min:

Kim Jung-min, a 22-year-old South Korean, has accumulated a significant fortune through his involvement in the online gaming industry.

Source of Wealth 

  • Kim Jung-min's wealth stems primarily from his ventures in the online gaming sector.

  • He has likely been involved in the development, distribution, or management of popular online gaming platforms or titles.

Net Worth of Kim Jung-min:

  • With a net worth of $1.4 billion, Kim Jung-min ranks among the affluent individuals in South Korea, largely due to the profitability of the online gaming industry.

Entrepreneurial Spirit:

  • Kim Jung-min's success reflects his entrepreneurial spirit and ability to capitalize on the lucrative opportunities presented by the online gaming market.

Industry Growth:

  • The online gaming industry has experienced significant growth in recent years, driven by factors such as technological advancements, increasing internet connectivity, and a growing global audience of gamers.

Ownership: Kim Jung-min, along with her sister Jung-youn, each own approximately 9% of Nexon, a South Korean-Japanese online gaming publisher.

6. Luca Del Vecchio

Luca Del Vecchio family backgound:

  • Luca is one of six children born to Leonardo Del Vecchio.
  • After his father’s passing in 2022, Luca inherited a 12.5% stake in his father’s Luxembourg-based holding company, Delfin.
  • Delfin not only holds shares in EssilorLuxottica but also has investments in other entities such as insurer Generali, banks Mediobanca and UniCredit, and real estate developer Covivio.
  • Luca shares this inheritance with his stepmother and six siblings.
  • Interestingly, Luca is one of two children that Leonardo had with Sabina Grossi, who was Luxottica’s former head of investor relations. His brother Clemente is the other child from this union.

Age of Luca Del Vecchio: 22

Citizenship of Luca Del Vecchio: Italy

Source Wealth of Luca Del Vecchio: Eyeglasses

Net Worth of Luca Del Vecchio: $4.7 Billion

ownership Holdings: 

Delfin: Luca's wealth is primarily derived from his ownership stake in Delfin, which serves as the parent company for various investments.

EssilorLuxottica: Delfin has stakes in EssilorLuxottica, one of the world's largest eyewear companies, known for brands like Ray-Ban and Oakley.

Generali: Delfin also has investments in Generali, a leading insurance company based in Italy.

Mediobanca and UniCredit: Luca's holdings extend to the banking sector with stakes in Mediobanca and UniCredit, both significant players in the Italian financial market.

Covivio: Additionally, Delfin has investments in Covivio, a real estate developer operating primarily in France and Italy.

International Presence: Luca's investments span both France and Italy, indicating his family's diversified portfolio and international reach in various sectors.

Wealth Generation: Luca's wealth is largely generated through his strategic investments in Delfin, which holds stakes in key companies across multiple industries, particularly in eyewear, banking, insurance, and real estate.

7. Remi Dassault

Remi Dassault Background and Family:

  • Remi Dassault was born into the wealthy and influential Dassault family, known for their involvement in the aerospace and defense industries.

  • He is the grandson of Marcel Dassault, the founder of Dassault Aviation, a leading aircraft manufacturer

Age and Citizenship of Remi Dassault:

  • He is a 22-year-old French citizen.

Networth of Remi Dassault:

  • He inherited his wealth, which amounts to $2.5 billion.

Personal Life of Remi Dassault:

  • Details about Remi Dassault's personal life, interests, and hobbies are relatively private, as he maintained a low public profile outside of his professional and political engagements.

Career and Business Ventures of Remi Dassault:

  • Remi Dassault has been involved in various business ventures, primarily within the Dassault Group, which encompasses a diverse range of industries including aerospace, software, media, and real estate.

  • He served as a member of the board of directors for Dassault Aviation, contributing to strategic decision-making within the company.

  • Additionally, he held positions in other Dassault Group subsidiaries, leveraging his expertise and influence to drive growth and innovation.

Political Involvement:

  • Apart from his business endeavors, Remi Dassault was active in French politics as a member of the National Assembly.

  • He represented the Oise department and was affiliated with the conservative party, Les Republicains.

  • His political career allowed him to advocate for policies and initiatives that aligned with his interests and values.

Philanthropy and Cultural Contributions of Remi Dassault:

  • Remi Dassault was known for his philanthropic efforts, supporting various charitable causes and cultural initiatives.

  • He was involved in promoting arts and culture, contributing to the preservation and enrichment of France's cultural heritage.

Legacy and Impact of Remi Dassault:

  • Remi Dassault's contributions to both the business and political spheres have left a lasting impact on France's economy and society.

  • As a scion of the Dassault family, he played a significant role in shaping the direction of Dassault Group and upholding its legacy of innovation and excellence.

  • His presence in the National Assembly allowed him to influence legislative decisions and contribute to the development of public policy in France.

8. Zahan Mistry

Zahan Mistry of Family Background:

  • Son of the late Cyrus Mistry.
  • Cyrus Mistry was the former chairman of Tata Sons, the holding company of the Tata conglomerate.
  • Cyrus Mistry passed away in 2022 due to an automobile accident.

Age of Zahan Mistry: 25

Citizenship of Zahan Mistry: Irish

Source of Wealth of Zahan Mistry: Diversified

Net Worth of Zahan Mistry:

  • Zahan's substantial stake in both Tata and the SP Group underpins his significant net worth of $4.9 billion.

Inheritance:

  • Zahan inherited a portion of his family's wealth following his father's untimely demise.
  • This inheritance includes part of the family's 18.4% stake in Tata Sons.

Stake in Tata Sons:

  • Zahan Mistry's inherited stake in Tata Sons is significant, contributing to the company's overall ownership structure.
  • Tata Sons is the holding company of the Tata conglomerate, overseeing its various subsidiaries and business interests.

Business Holdings:

  • Owns a 4.6% stake in the Tata conglomerate.

  • Holds a 25% stake in the construction giant Shapoorji Pallonji Group.

Family Influence:

  • Zahan and his brother Firoz are actively involved in leadership roles within the SP Group.

  • They have taken on responsibilities to reorganize the SP Group following their father’s demise.

Residence and Operations:

  • Despite their Irish citizenship, Zahan and his brothers reside in Mumbai.

  •  Mumbai serves as the headquarters for both the SP Group and Tata, the primary sources of their wealth.

Strategic Focus:

  • Zahan is likely focused on leveraging his position within both conglomerates to drive growth and maximize returns on investments.

9. Dora Voigt de Assis

Dora Voigt de Assis Family Background:

  • Dora and her sister Livia are the youngest granddaughters of Werner Ricardo Voigt, a billionaire and co-founder of WEG, a prominent Brazilian electrical equipment producer.

  • Werner Ricardo Voigt passed away in 2016, leaving behind a substantial legacy and wealth.

Net worth of Dora's

  • Dora's net worth of $1.1 billion stems from her ownership stake in WEG, reflecting the company's profitability and market position.

Ownership Stake:

  • Dora and Livia each possess a 3.1% ownership stake in WEG.

  • Their ownership shares are slightly lower compared to their older cousins Eduardo and Mariana, who hold 3.9% stakes in WEG.

Business Profile of WEG:

  • WEG is renowned for its global presence, exporting its products to over 135 countries.

  • It stands as one of the world's largest manufacturers of electric motors, contributing significantly to the industrial machinery sector.

Limited Operational Involvement:

  • Dora and Livia do not actively participate in the operational management of WEG.

  • Their roles within the company are primarily as shareholders, benefiting from dividends and the appreciation of their ownership stakes.

10. Kim Jung-youn

Kim Jung-youn Family Background:

  • Daughter of the late Kim Jung-ju, founder of Nexon.
  • Kim Jung-ju passed away in February at the age of 54.

Kim Jung-youn Wealth Origin:

  • Kim Jung-youn has accumulated his wealth primarily through his involvement in the online gaming industry.

Kim Jung-youn Age:

  • At just 20 years old, Kim Jung-youn has achieved a remarkable level of financial success, indicating his exceptional entrepreneurial skills or gaming prowess.

Citizenship of Kim Jung-youn:

  • He holds citizenship in South Korea, a country known for its prominent gaming culture and industry.

Net worth of Kim Jung-youn:

  • With a net worth of $1.4 billion, Kim Jung-youn stands as a notable figure in both the gaming community and the broader business world.

Kim Jung-youn Stakes in Nexon:

  • Kim Jung-youn and her sister hold 9% stakes in game developer Nexon.

  • Their holdings are primarily through the holding company NXC and another entity called Wise Kids.

Fortune Composition:

  • The bulk of their fortunes is comprised of their stakes in Nexon and millions in dividends.

  • Their father's death in 2022 led to a substantial inheritance tax payment, settled in the form of NXC shares.

Government Stake and Ownership Increase:

  • Initially, the inheritance tax gave the government a 29.3% stake in Nexon through NXC shares.

  • As a result, the sisters now own 36.7% of Nexon, consolidating their ownership and control over the company.

Entrepreneurial Influence of Kim Jung-youn :

  • Their success in the online gaming industry highlights the entrepreneurial spirit and acumen of Kim Jung-youn and her sister.

  • Their journey from inheriting assets to actively managing and expanding their wealth underscores their potential to shape the future of the gaming sector in South Korea and beyond.

Future Outlook:

  • With their significant ownership stakes in Nexon, Kim Jung-youn and her sister are poised for continued success and growth in the lucrative online gaming industry.

  • Their story serves as inspiration for young entrepreneurs and investors, demonstrating the potential for immense wealth creation in the digital age, particularly in sectors like gaming where innovation and disruption thrive.

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