The 2024 Forbes Billionaires List is dominated by young heirs who have recently joined the billionaire ranks. Among them is Livia Voigt, a 19-year-old Brazilian student who has claimed the title of the world’s youngest billionaire. She surpassed Clement Del Vecchio, heir to EssilorLuxottica, and has a net worth of $1.1 billion.
Livia Voigt’s wealth comes from being one of the largest individual shareholders of WEG, the largest manufacturer of electrical motors in Latin America. Co-founded by her grandfather, Werner Ricardo Voigt, alongside late billionaires Eggon Joao da Silva and Geraldo Werninghaus, WEG is a multinational corporation with factories in over 10 countries. While Livia currently attends university in Brazil and does not hold a seat on the board or an executive position at WEG, she is a part of the company’s legacy.
In addition to Livia Voigt, the list includes the Mistry brothers from Ireland, aged 25 and 27, who inherited sizable fortunes from Tata Sons, a Mumbai-based conglomerate, after their father’s death in 2022. Each brother holds an estimated net worth of $4.9 billion, contributing to the growing number of young billionaires in the world.
The 25 youngest billionaires on this year’s Forbes Billionaires List collectively hold $110 billion in wealth. It’s clear that youth dominates this year’s list as these young heirs continue to make their mark on the business world.
