Youngest billionaires in the world 2024: When it comes to billionaires, age and wealth acquisition methods seem to create a fascinating dichotomy. Most of the youngest billionaires in the world have inherited their wealth from their families, while the older crowd has built their fortunes from scratch. However, some young self-made billionaires have also faced the challenges of entrepreneurship and innovation, exemplifying grit and determination.Navigating complex business landscapes, these young entrepreneurs have shown remarkable resilience and an unparalleled ability to identify and seize opportunities. From Mark Zuckerberg’s Facebook to Kylie Jenner’s cosmetics empire, these individuals have disrupted traditional industries with innovative ideas and products.Despite being born into privilege, inheriting wealth does not guarantee success or an easy ride for young billionaires. They must navigate the challenges of managing large amounts of money while finding new ways to grow their family businesses. For self-made young billionaires, building a fortune from scratch requires immense hard work and dedication. Regardless of how they acquired their wealth, these young billionaires serve as role models for aspiring entrepreneurs worldwide.
Youngest billionaires in the world 2024
Today’s young billionaires are not just creating empires, but they are also transforming the future. These entrepreneurs serve as an inspiration for millions of people around the world to pursue their dreams with passion and perseverance. The list of the top ten youngest billionaires in the world is a testament to this fact, with each billionaire having a unique story of how they amassed their fortune.Take Kylie Jenner, for instance, who became the youngest self-made billionaire at the age of 21 by leveraging her social media following and launching her own makeup empire. Another example is Mark Zuckerberg, who founded Facebook while he was still a student at Harvard University and has since become one of the wealthiest people on the planet.
These young billionaires have not only achieved financial success but are also investing in innovative technologies that can have a significant impact on society. For instance, Evan Spiegel, co-founder of Snapchat, has been working on developing augmented reality glasses that could revolutionize how we interact with technology.In summary, today’s young billionaires serve as role models for aspiring entrepreneurs worldwide and represent a new generation of business leaders who are using their wealth and influence to shape the future.
Youngest billionaires in the world 2024 Overview
| Rank & Name | Age | Net Worth (in USD Billions) |
|---|---|---|
| #1 Clemente Del Vecchio | 19 | 4.1 |
| #2 Kim Jung-youn | 20 | 1.7 |
| #3 Kevin David Lehmann | 21 | 2.5 |
| #4 Kim Jung-min | 22 | 1.7 |
| #5 Luca Del Vecchio | 22 | 4.1 |
| #6 Alexandra Andresen | 27 | 1.5 |
| #7 Leonardo Maria Del Vecchio | 28 | 3.9 |
| #8 Katharina Andresen | 28 | 1.5 |
| #9 Ryan Breslow | 29 | 1.1 |
| #10 Gustav Magnar Witzor | 30 | 3.5 |
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Clemente Del Vecchio
- Source of wealth: Eyeglasses
- Residence: Milan, Italy
- Citizenship: Italy
Clemente, one of the offspring of late Leonardo Del Vecchio who was the chairman of EssilorLuxottica until 2022, has made it to the list of the top ten youngest billionaires in the world. Although not much information is available about him, his family’s business empire has made him a billionaire at a young age. Being born into wealth and privilege, Clemente has undoubtedly had access to opportunities that have helped him achieve this level of success. However, it remains to be seen what he will do with his vast fortune in the future.
Clemente, following his father’s passing, inherited a 12.5 percent stake in the Luxembourg-based holding company Delfin. The portfolio of Delfin comprises shares in several companies, including EssilorLuxottica holdings, insurer Generali, and banks like Mediobanca and UniCredit. Furthermore, it also includes real estate developer Convivio. After acquiring his father’s wealth, Clemente became the youngest billionaire globally at the age of 18 years old. His inheritance provided him with a significant amount of financial resources that he could invest to grow his wealth further.
Kim Jung-youn
- Source of wealth: Online gaming
- Residence: South Korea
- Citizenship: South Korea
Kim Jung-youn and her elder sister, Jung-min, own around 31% of NXC, which is the biggest shareholder in Nexon- an online gaming company. The Korean-Japanese sisters inherited their stakes from their father, who passed away in 2018 and was the founder of Nexon. Kim now serves as the CEO of NXC while her sister is on the board of directors. With the increasing popularity of online gaming worldwide, Nexon has become one of the leading game developers globally.
Following the passing of their father, Kim Jung-ju, in February 2022, a significant share of Nexon’s stakes were passed down to his daughters, Jung-youn and her sister. Although both sisters have been named as beneficiaries, neither of them has taken an active role in the day-to-day operations of Nexon. Maintaining a low public profile, their involvement in the company remains unclear. Founded by Kim Jung-ju in 1994, Nexon is a South Korean video game developer and publisher known for games like MapleStory and Dungeon Fighter Online.
Kevin David Lehmann
- Source of wealth: Drugstores
- Residence: Karlsruhe, Germany
- Citizenship: Germany
Kevin David Lehmann, the richest person in Germany, owns a 50 percent stake in dm (drogerie markt), a drugstore chain with an annual revenue of over $14 billion. The company was founded in 1973 by Goetz Werner and has grown to include more than 3,700 locations. What sets dm apart is its commitment to sustainability and social responsibility. Its products are environmentally friendly, and the company supports numerous charitable initiatives worldwide. In addition to its drugstores, dm also operates an online store and offers a range of services such as photo printing and beauty treatments. With Kevin David Lehmann’s ownership stake, the future looks bright for dm as it continues to expand its reach both nationally and internationally.
Kevin David Lehmann, the son of Guenther Lehmann who managed the family’s Pfannkuch grocery chain, inherited 50% ownership in dm – a popular German drugstore chain – in 2017. This was after his father invested in the company back in 1974. Despite the ownership transfer, neither Kevin David nor his father have been involved in dm’s operational activities and they both maintain a low-profile public presence. Despite this, Kevin David Lehmann’s net worth skyrocketed to $3.3 billion USD in 2021, making him one of Germany’s youngest billionaires.
Kim Jung-min
- Source of wealth: Online gaming
- Residence: South Korea
- Citizenship: South Korea
Jung-youn’s sister, Jung-min, is ranked fourth in the list of top ten youngest billionaires across the globe. Together, they hold around 31 percent stake in NXC, which is the largest shareholder in Nexon – a world-renowned online gaming company. Despite their billionaire status, both sisters keep a low profile and prefer not to be in the spotlight. This achievement emphasizes the growing significance of the online gaming industry and its potential for creating wealth. It also inspires young entrepreneurs to explore new opportunities and push boundaries to achieve success.
Luca Del Vecchio
- Source of wealth: Eyeglasses
- Residence: Milan, Italy
- Citizenship: Italy
Luca Del Vecchio is one of the six children of the late Leonardo Del Vecchio. After his father’s passing, Luca inherited a 12.5 percent stake in Delfin, a Luxembourg-based holding company, alongside his brother Clemente. Delfin has significant ownership stakes in the world’s leading eyewear companies, including Ray-Ban and Oakley. Leonardo Del Vecchio founded Luxottica Group, which merged with Essilor to become EssilorLuxottica, a global leader in eyewear manufacturing and retail.
Delfin boasts an extensive portfolio that includes holdings in EssilorLuxottica, shares in the insurance company Generali, and investments in banking institutions such as Mediobanca and UniCredit. Additionally, Delfin has also invested in real estate development company Covivio. With a diverse range of investments, Delfin has established itself as a prominent player in the financial industry, leveraging its expertise to make strategic investment decisions and generate profitable returns for its stakeholders.
Alexandra Andresen
- Source of wealth: Investments
- Residence: Oslo, Norway
- Citizenship: Norway
Alexandra Andresen and her sister Katharina inherited a 42 percent stake in Ferd, the family-owned investment firm. The company is headed by their father, Johan Andresen, who controls 70 percent of the voting rights through a dual-class share structure. Ferd invests in a range of industries, including energy, technology, and real estate. The sisters have used their wealth to pursue various philanthropic endeavors, including donating to environmental causes and supporting education initiatives.
Ferd is a prominent figure in the financial industry, known for his involvement in several lucrative ventures. He actively manages hedge funds and engages in private equity investments, leveraging his extensive knowledge and experience to make informed investment decisions. Additionally, he is also an investor in the Nordic stock exchange, providing valuable insights and contributing to the growth of the region’s economy. With a diverse portfolio spanning multiple sectors, Ferd is undoubtedly one of the most successful investors of our time.
Leonardo Maria Del Vecchio
- Source of wealth: Eyeglasses
- Residence: Milan, Italy
- Citizenship: Italy
Leonardo Maria Vecchio is a member of the Vecchio family and has made it to the list of the top ten youngest billionaires in the world. He is one of only two heirs who play an active role in EssilorLuxottica’s affairs, serving as the company’s chief strategy officer. Apart from this, he also holds the position of CEO at Salmoiraghi & Viganò, an eyeglasses retailer that EssilorLuxottica acquired in 2016 for an undisclosed amount. With his expertise and leadership skills, Leonardo Maria has made a significant contribution to the success of both companies.
Leonardo Maria, like his siblings, inherited a 12.5 percent ownership stake in the Luxembourg-based holding company. Apart from this, Delfin, the holding company, also owns shares in several other companies such as insurance company Generali, banks including Mediobanca and UniCredit, and real estate developer Covivio. Owning stakes in several diverse companies allows for investment diversification and can help mitigate risk while potentially increasing returns.
Katharina Andresen
- Source of wealth: Investments
- Residence: Oslo, Norway
- Citizenship: Norway
Katharina Andresen was born in 1995 as the daughter of Johan H. Andresen Jr., who is the owner of Ferd AS. In 2007, Johan transferred a significant portion of his ownership to Katharina and her sister, Alexandra, amounting to 42.2 percent of the company’s stakes. As a result, Katharina became one of the world’s youngest billionaires at the age of just 24 years old. She has since been actively involved in managing the family business and promoting sustainable investments.
Katharina hails from a well-known family of politicians and industrialists. Her lineage can be traced back to her great-grandfather, Johan H. Andresen, who was actively involved in politics as a Conservative Party member. Furthermore, she is also the great-great-granddaughter of Nicolai Andresen, who is credited with laying the foundation of what is presently known as Nordea Bank Norge. Given her family’s rich history, it would not be surprising if Katharina continues this legacy and makes a name for herself in her chosen field.
Ryan Breslow
- Source of wealth: E-commerce software, self-made
- Residence: Miami, Florida
- Citizenship: United States
Ryan Breslow, the founder of Bolt, made a daring decision when he left Stanford in 2014 to launch his payment startup. In January 2022, he transitioned from his role as CEO to become the Chairman of Bolt. One of the most remarkable achievements of Breslow was securing $1.3 billion in funding for Bolt, with an investment of $355 million in January 2022. Forbes estimates Bolt’s current valuation to be around $5 billion, which is a testament to its success in the payment industry. Breslow’s vision and leadership have played a crucial role in Bolt’s growth and expansion into new markets.
Breslow is known for his preference for solitude and participating in self-care practices like yoga, meditation, and dancing. He implemented a four-day workweek for his 700 employees, emphasizing the significance of maintaining a work-life balance. In addition to his role at Bolt, Breslow ventured into the wellness sector by establishing Love, a startup launched in January 2022.
Gustav Magnar Witzoe
- Source of wealth: Fish farming
- Residence: Kverva, Norway
- Citizenship: Norway
In 2013, Gustav Magnar Witzoe received close to 50 percent ownership of Salmar ASA, a prominent worldwide salmon producer, from his father Gustav Witzoe, who established the company in 1991. Salmar has been instrumental in driving the industrialization of aquaculture in Norway. Although the senior Witzoe remains in charge of the company, Gustav Magnar is venturing into real estate and technology startup investments.
