Del Vecchio is the 29-year-old son of Leonardo Del Vecchio, the Italian founder of eyewear brand EssilorLuxottica and former chair of Ray-Ban until his death in 2022. Upon their father’s death, Del Vecchio and his six siblings each inherited a 12.5% stake in the family’s holding company. She and her sister hold 9% stakes in game developer Nexon, mostly through the holding company NXC as well as another called Wise Kids.
of the world’s youngest billionaires — and how they got their fortune
In 2021, he inherited his money from stakes in a German drugstore chain transferred to him by his father. The Dassault family owns several vineyards, a private aeronautic company, and daily news publisher Le Figaro. Following in the footsteps of his younger brother Clemente, another scion of the Del Vecchio family, Luca, aged 22, has a $4.1 billion fortune.
- Spiegel dropped out of Stanford to start Snapchat with his fraternity brothers Bobby Murphy and Reggie Brown in 2011 and became a billionaire by the age of 25.
- 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.
- Austin Russell, who became the world’s youngest self-made billionaire when his automotive sensor firm Luminar Technologies went public in December 2020, has also seen his fortune slide.
- Webster’s wealth is inherited from her famous parents’ business ventures and endorsements.
- Norwegian sisters Alexandra, 28, and Katharina, 29, both own 42% stakes in Ferd, which has made their reported net worths $1.5 billion and $1.6 billion, respectively.
After gaining experience as a board observer for several years, she became a member of the board in June. 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.
Investments And Horses
Del Vecchio, who turns 19 in May, gets his fortune from a share of his father’s holding company Delfin, which has a stake in eyewear giant Luxottica (known for brands such as Ray-Ban and Sunglass Hut). Not much is known about the young heir, whose six siblings (two of whom are also under 30) and stepmother also make their debut. Even less is known about Kim, whose fortune lies in Japanese-South Korean online gaming giant Nexon. He is the chief strategy officer of EssilorLuxottica, the largest eyeglasses company in the world and the owner of Ray-Ban, which his father chaired until his death in June 2022. Del Vecchio, his mother and his six half-siblings all inherited top 10 youngest billionaires in the world a 12.5% stake in the family’s Luxembourg-based holding company Delfin, which owns nearly a third of EssilorLuxottica.
Net worth: US$3.5 billion
Kim Jung-Youn, the teenage daughter of Kim Jung-Ju who founded the online gaming company Nexon, is the youngest billionaire in the world as of November 2022. Nexon boasts popular interactive online games like MapleStory and KartRider. And No. 10 is 29-year-old Lisa Draexlmaier, who owns and is co-CEO (with her father, Fritz) of the holding company behind a German auto-parts maker—she’s worth $1 billion. Meet the top eight youngest billionaires in the world, according to Forbes at the time of writing, and find out how they accumulated their vast fortunes at such a young age.
Valentina’s father, François-Henri Pinault, serves as the CEO and President of Kering, a company that owns several prestigious fashion brands such as Bottega Veneta, Balenciaga, and Gucci. The fourth-youngest billionaire is Gustav Magnar Witzoe, 26, worth $2.3 billion as the heir to one of the world’s largest salmon producers, Salmar ASA. Sisters Kim Jung-min, 22, and Kim Jung-youn, 20, each hold 9% of Nexon, the South Korean-Japanese gaming company their father founded in 1994, Forbes reported. Kevin David Lehmann once held the title of the world’s youngest billionaire at just 18 years old.
Kim Jung-ju founded Nexon in 1994 and passed away at 54 in February 2022. Neither Jung-youn nor her sister has been actively engaged in Nexon’s day-to-day operations, and they maintain a low public profile. 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.
Age: 22 Citizenship: France Source of Wealth: Inherited Net Worth: $2.5 Billion
Ryan Breslow, 29, is rewriting the e-commerce playbook with his $1.1 billion fortune. His brainchild, Bolt Financial, is reshaping online shopping with lightning-fast checkout and revolutionising how businesses cater to customers. With his relentless innovation and entrepreneurial spirit, Breslow is poised to leave an indelible mark on the future of e-commerce. At the helm of the Del Vecchio dynasty stands Leonardo Maria, the eldest heir, with a $4.1 billion fortune. His visionary designs, like the revolutionary self-adjusting sunglasses, and bold collaborations with fashion icons have not only shaped eyewear trends but redefined modern fashion itself. With this innovative spirit, Leonardo Maria promises to lead the family legacy into a groundbreaking future.
Norwegian sisters Alexandra, 28, and Katharina, 29, both own 42% stakes in Ferd, which has made their reported net worths $1.5 billion and $1.6 billion, respectively. Ferd invests in real estate, oil service business Interwell, and the largest private medical laboratory in Norway, according to Forbes. 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. 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.
I also have a keen interest in the retail sector and often write about the business models/strategies of popular brands. Jackie Evancho started her singing career at the age of 8 at a local talent show in New Jersey. After a couple of unsuccessful trials, she was finally accepted for the fifth season of America’s Got Talent.