The World’s Billionaires List for 2024 has been released by Forbes, featuring 2,781 names. Among these young billionaires are those who inherited their wealth from their parents or grandparents. In this article, we will take a closer look at the youngest billionaires on the list and explore their legacies.
Clemente Del Vecchio is one of the youngest billionaires on the list, at just 19 years old. He inherited his wealth from his father, Leonardo Del Vecchio, who founded EssilorLuxottica, the world’s largest producer and retailer of glasses and frames. Clemente currently owns a 12.5% stake in Delfin, a holding company based in Luxembourg that he inherited from his father’s passing in 2022. Delfin also has shares in various large companies, including banks.
Another young billionaire on the list is Livia Voigt, also 19 years old. She is the main shareholder of WEG Industries, a company in Brazil known for manufacturing electric motors, founded by her grandfather, Werner Ricardo Voigt, in 1961. Although Voigt is currently a student and does not have an active role in the company, she has already made her mark as one of the youngest billionaires on Forbes’ list.
Forbes reports that there are a total of 25 billionaires on the 2024 list who are 33 years old or younger, with a collective net worth of $110 billion. While most of these young billionaires did not create their wealth themselves, there are a few who stand out as exceptions to this rule.
One such exception is Xiuhtezcatl Martinez-Gonzalez, a Mexican-American musician who made his fortune through his successful music career. Martinez-Gonzalez is known for his unique blend of hip hop and reggaeton music and has won numerous awards for his work.
Another notable young billionaire is Kylie Jenner, who made her fortune through her cosmetics line Kylie Cosmetics. Jenner began her career as a reality TV star before launching her beauty brand in 2014. Today, Kylie Cosmetics is valued at $80 million and has become one of the most successful beauty brands in history.
In conclusion, while many young billionaires on Forbes’ list inherited their wealth from their parents or grandparents, there are still those who have created their own fortunes through hard work and determination. These individuals stand out as exceptions to the rule and demonstrate that anyone can achieve success with dedication and passion.
More information about the youngest billionaires on Forbes’ list and the methodology used to calculate their net worth can be found on Forbes’ official website.