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. Livia Voigt is one of the largest individual shareholders of WEG—the largest manufacturer of electrical motors in Latin America. Her grandfather, Werner Ricardo Voigt, co-founded the company along with late billionaires Eggon Joao da Silva and Geraldo Werninghaus. WEG is a publicly traded multinational with factories in over ten countries.
Globally, the number of billionaires has risen by more than half since 2015, from 1,757 to 2,682 in 2024, UBS said. Of the 2,682 billionaires, 1,877 were self-made and 805 multi-generational. Mr Cavalli noted that there has been a sharp increase in the number of billionaires’ children over the years. Around two-thirds of the billionaires in Singapore are self-made, almost on a par with Hong Kong, it added. SINGAPORE – Billionaires are relocating more frequently, with many moving to Switzerland, Singapore, the United Arab Emirates and the United States, according to private bankers to the wealthy.
SOURCE OF WEALTH: REAL ESTATE
Irish citizens Firoz, 27, and Zahan, 25, are the richest entries on this list. Their 4.6% stakes in Indian conglomerate Tata Sons pushed both of their net worths over $5 billion in 2024. On the latest Forbes list, 15 young people under 30 joined the billionaire club this year, with their wealth stemming from inheritances or self-started successful enterprises. Ben Francis made bank off Gymshark while Palmer Luckey sold Oculus, his VR headset maker, to Facebook, putting them both on the list.
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Rather than running the family business, Walton is primarily involved in philanthropy. After writing tech-related things and other long-form content for 2-3 years, I found my calling with games and anime. His newest creation, SIMULATE, is a sustainable nutrition startup that produces NUGGS, a plant-based chicken nugget. In June 2021, the startup raised over $50 million from investors, including Chris Sacca and Jaz-Z, at a valuation of $250 million. Before moving to the United States, Ben created another viral app, Impossible Dial, which he sold for $85,000.
Financial services billionaires also fared well, supported by rallying financial markets. The Covid-19 pandemic was a wake-up call for many people, including billionaires, leading them to reassess their lives, with homes, families and businesses spread across different places. DoorDash cofounders Andy Fang and Stanley Tang, both 28 and worth $2 billion, rank seventh and eighth after their food-delivery app went public in December 2020.
Age: 18 Citizenship: Italy Source of Wealth: Luxottica Net Worth: $3.5 Billion
Alina Morse is a teenage entrepreneur and millionaire who founded Zolly Candy at the age of nine. Often described as a “formidable” entrepreneur, Alina built her company around the idea of sugar-free candy, using Xylitol as a substitute for sugar. In this article, we’ll focus on kids and teenagers who have achieved wealth on their own, though sometimes with their parents’ assistance. We’ll also include those who are set to inherit wealth from their affluent families. Livia Voigt is the youngest billionaire in 2024 at 19 years old with a net worth of $1.1 billion.
- After his father’s death, he acquired 12.5 per cent ownership in the Luxembourg-based holding company Delfin, as per Forbes.
- As of March 5, Forbes estimated his equity in the company was worth nearly $2 billion, while his FTX tokens were worth more than $5.6 billion.
- In 2008, two years after her mother’s passing, Dannielynn was officially declared the sole heir to Smith’s estate, which was valued at over $700,000 at the time.
Eleven years later, his dad continues to operate the company while Gustav focuses on real estate and tech startup investments. SalMar’s share price has soared 800% over the past decade, inflating the younger Witzøe’s wealth along with it. He’s now Norway’s fifth-richest person and its biggest taxpayer, having given the government top 10 youngest billionaires in the world NOK 292.4 million—the equivalent of about $29.6 million—in 2022. Exporting to over 50 countries, SalMar is the world’s second largest salmon farmer.
After dropping out of Stanford, Breslow launched start-ups like payment platform Bolt, Love.com, Eco, Prism, The Movement and more. An advocate for wellness, Breslow said on Instagram that he builds “conscious companies” and initiated four-day work weeks for his 700 employees. Wang Zelong, 26, is a Chinese billionaire who owns a stake of CNNC Hua Yuan Titanium Dioxide Co. The company makes a chemical used to create pigments for paint, paper and a variety of other industrial uses. He is the youngest billionaire in Asia and the youngest self-made billionaire on this list. Another one of Leonardo Del Vecchio’s six children is Leonardo Maria Del Vecchio.
The Prince is also expected to inherit wealth from his father, Prince Charles, which is nearly $100 million. From extravagant birthday parties to lavishing presents, all indicate that the two stars have something special in the locker for their firstborn. Her estimated net worth is also driven by her ever-growing brand value. Anastasia Radzinskaya, popularly known by her online name, Like Nastya, might be the richest teenager who is not royalty or a heiress. The nine-year-old host has multiple YouTube channels with her parents, focusing on children’s stories, roleplays, and similar content.