The Worlds Youngest Billionaires 2022: 12 Under Age 30
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.
Livia Voigt
Prior to his father’s death, he’d run the company’s organics division, but resigned because “I do not believe one should be both an employee and a shareholder of the same company,” according to a statement at the time. Red Bull generated $11.6 billion in revenue last year and sold 12.1 billion cans, enough for each person on earth to pep up with 1.5 energy drinks. Nearly all of these 25 who made the ranks are richer than last year. The rest are from Brazil, South Korea and Hong Kong (all heirs), or Japan and the United States (all self-made). He youngest billionaires on the planet haven’t even been alive for three decades, but that hasn’t stopped them from amassing three-comma fortunes.
Elizabeth Furtwaenger, 28, is now worth $1.2 billion after her father Hubert Burda gave her a 37.4% stake in the family’s media empire. She and her sister hold 9% stakes in game developer Nexon, mostly through the holding company NXC as well as another called Wise Kids. Those assets, plus millions in dividends, make up the bulk of their fortunes. They paid a hefty inheritance tax after their father’s 2022 death in the form of NXC shares that gave the government a 29.3% stake in the company. He and his brother Geoffrey, 38, owe their fortunes to the family’s Hong Kong real estate empire. Jonathan now runs Empire Group Holdings with his brother and is the youngest billionaire in Hong Kong.
In 2017, he founded the defense technology company Anduril, which has been sending drones to Ukraine. These inheritances illustrate the beginning of a long-anticipated generational wealth transfer among aging populations around the world. In the United States, Baby Boomers and their elders (those born in 1964 or earlier) hold $95.9 trillion of a total $147.1 trillion of household wealth, per the Federal Reserve. Trillions are expected to change hands every year as the affluent elderly pass away and leave their fortunes to descendants.
Kim Jung-min and Kim Jung-youn
Despite the global markets falling in response to the COVID-19 pandemic, several people under 30 made the list for the first time this year. Pedro de Godoy top 10 youngest billionaires in the world Bueno, age 29, inherited assets from his billionaire father, Edson de Godoy Bueno, who died in 2017. Pedro’s fortune rose in the past year to an estimated $1.1 billion as stock of Brazilian laboratory services firm Diagnósticos da América SA tripled.
SOURCE OF WEALTH: FISH FARMING
Richest among them is Gary Wang, age 28, the cofounder and chief technology officer of Bahamas-based cryptocurrency exchange FTX. The Brazilian-born founders, ages 25 and 26, respectively, are now worth an estimated $1.5 billion apiece. The youngest of this mostly lucky bunch are Clemente Del Vecchio and Kim Jung-youn, neither of whom have hit their 20s yet. Both teens’ successful fathers, Leonardo Del Vecchio and Kim Jung-ju, died in 2022 and left them stakes in their respective companies.
- Morgan offloaded his stake to private equity firm General Atlantic in a 2020 deal that valued the company at $1.5 billion.
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- Red Bull generated $11.6 billion in revenue last year and sold 12.1 billion cans, enough for each person on earth to pep up with 1.5 energy drinks.
- Upon their father’s death, Del Vecchio and his six siblings each inherited a 12.5% stake in the family’s holding company.
- This year’s list features the children of titans of industries like gaming, pharmaceuticals, and eyewear.
Livia Voigt and Dora Voigt de Assis
Witzoe owns nearly half of Salmar ASA, one of the world’s largest salmon producers, which is still run by his father. The Norwegian heir has dabbled in modeling as well as tech and real estate investing. From makeup mogul Kylie Jenner to Hong Kong real estate heir Jonathan Kwok, these 10 billionaires are worth $15.9 billion combined. When Günther Fielmann, the entrepreneur known for bringing cheap eyeglasses to Germany, died in January at the age of 84, he left much of his fortune to his two children, Sophie and Marc. While Marc, age 34, has helmed Fielmann AG since 2019, Sophie has no role in the eyeglasses company but still owns about a third of its stock. 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.
Their 4.6% stakes in Indian conglomerate Tata Sons pushed both of their net worths over $5 billion in 2024. Along with her younger sister, Kim Jung-youn, Jung-min inherited around a third of their family’s assets—including a 15% stake each in game maker Nexon—after their father Kim Jung-ju died in February 2022. Jung-ju founded Nexon, known for its massively multiplayer online games Kingdom of the Winds and MapleStory, in 1994.
Twelve people under the age of 30 made Forbes’ 2022 list of the World’s Billionaires, including four Stanford dropouts, two food delivery magnates and a cryptocurrency whiz. Together, this rarefied group is worth $25.8 billion and represents less than half a percent of the 2,668 billionaires Forbes found this year. The Norwegian sisters each inherited 42% of the family-owned investment company Ferd in 2007. Their father Johan still runs Ferd and controls 70% of the voting rights via a dual-class share structure. Their late grandfather cofounded WEG, an electrical equipment producer; each woman owns 3.1%. Clemente Del Vecchio is the youngest of the Italian brothers on the under-30 list at 20 years old.
The celebrity-turned-makeup-mogul is the world’s youngest self-made billionaire ever. In November, she inked a deal to sell a 51% stake in Kylie Cosmetics to beauty giant Coty Inc. for $600 million. They span the globe, hailing from the U.S., Brazil, Germany, Hong Kong, Ireland and Norway.
They received their minority stakes in Tata after the 2022 death of their father, Cyrus Mistry, who died less than three months after their revered grandfather Pallonji Mistry. Just 19 years old and still in college, she’s worth an estimated $1.1 billion thanks to her minority stake in the electrical equipment producer WEG, which her late grandfather cofounded. She and her older sister, Dora Voigt de Assis, 26, are two of seven fresh faces among the 25 youngest billionaires, and two of 18 heirs among this set. One of two teenage billionaires on this year’s rankings, Kim Jung-youn inherited a stake in her late father’s holding company, which in turn holds approximately half of online gaming giant Nexon. Both Kim sisters keep a low profile and are not known to have an active role in the company.
Leonardo Maria Del Vecchio
Aging billionaires like Charles Koch, 88, and Phil Knight, 86, are currently preparing to pass their inheritances on to their children. Braun, a German citizen, inherited a 10% stake in family owned medical device company B. His sister Anna Maria Braun is CEO of the company, which has $8 billion in revenues and 64,000 employees globally. Kwok, along with his older brother Geoffrey, inherited their late father Walter Kwok’s stake in Sun Hung Kai Properties, Hong Kong’s largest developer, in 2018.