The company says it produces enough to feed every Norwegian a nightly fish dinner. Meet the world’s youngest billionaire, a 19-year-old named Clemente Del Vecchio, who is worth $4.1 billion and holds the keys to one of the world’s most successful eyewear empires. He has made his mark in the eyeglass industry, following in the footsteps of his family’s eyewear empire. With his youth and vision, one can only wonder what the future holds for this budding mogul.
- He made his fortune in fish farming and owns nearly 50 per cent of Salmar ASA, one of the world’s major salmon producers.
- Kim Jung-min is the older sister of Kim Jung-youn and also inherited a substantial stake in her father’s company.
- The pace of growth is more significant considering Singapore was home to only 17 billionaires with a total wealth of US$44.5 billion in 2015.
- Like her sister Dora, she owns 3.1% of WEG and has pulled in millions from dividends.
Both Garcia and his father have become billionaires through the company, with profits surging particularly throughout the pandemic as demand for used cars skyrocketed. Benjamin Pasternak is an Australian programmer and serial entrepreneur who has founded multiple successful startups. He started his entrepreneurial career in high school when he developed an app called Impossible Rush, which eventually overtook Twitter and Tinder on the App Store’s top charts. Prince George is expected to have a substantial impact on the British economy, much like the other members of the Royal family, and his high current net worth is derived from that impact.
You may be wondering how an 8-year-old girl can be worth around $4 billion, given the fact that she was born into one of the most powerful families in the world. His top 10 youngest billionaires in the world Royal Highness Prince George of Cambridge is third in line for the throne, right after his grandfather, Prince Charles, and Father, Prince William. Born on February 1, 2018, Stormi Webster is the eldest child of Kylie Jenner and Travis Scott. While her parents have kept her out of the spotlight, Webster occasionally makes rare appearances on her parents’ social media accounts. Like his elder siblings, Prince George and Princess of Charlotte, the birth of Prince Louis was a boon for the British economy.
Age: 27 Citizenship: Norway Source of Wealth: Investments Net Worth: $1.6 Billion
Net worths were calculated using stock prices and currency exchange rates from March 11, 2022. Wang’s fortune comes from a stake in Shenzhen-listed traded company CNNC Hua Yuan Titanium Dioxide—a chemical used to create white pigment for things like paint and paper. His Czechoslovak Group is one of the biggest suppliers of ammunition, ground equipment and artillery equipment to the Ukrainian army, which has helped double sales to $620 million in the first half of 2022. The average billionaire is 66, and the oldest person in the ranks is 102.
New Ray-Ban Meta Smart Glasses Outsell Previous Version, Says Essilux CEO
Those assets, plus millions in dividends, make up the bulk of their fortunes. They paid a hefty inheritance tax after their father’s 2022 death in the form of NXC shares that gave the government a 29.3% stake in the company. She and her sister Jung-youn each own approximately 9% of the South Korean-Japanese online gaming publisher Nexon, founded by their late father Kim Jung-ju in 1994. Nexon’s hit role-playing video game MapleStory, released in 2003, helped popularize the free-to-play model whereby users paid only for cosmetic, nonessential accessories for their characters.
One such example is 12-year-old Ryan, who has made quite a fortune by reviewing new toys and playing with them. 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. The 29-year-old left Stanford in 2014 to launch payment start-up Bolt. Forbes estimates the company’s current valuation is around $5 billion. In addition to his involvement with Bolt, Breslow ventured into the wellness sector by establishing Love in January 2022.
Italian teenager Clemente Del Vecchio is the son of Leonardo Del Vecchio, owner of the sunglass luxury brand Luxottica. Del Vecchio’s share of the company is worth an estimated $3.5 billion, and he is not known to have an official or unofficial role at the company. Kim Jung-min is the older sister of Kim Jung-youn and also inherited a substantial stake in her father’s company. She is worth $1.7 billion, which comes from her stake in the gaming company Nexon Co.
Mark Zuckerberg may not be the youngest billionaire on this list, but he is the richest by far. As you might have guessed, Zuckerberg’s billions are tied to his partial ownership of Facebook — he owns around 13% of the social media conglomerate at this point. Alexandr Wang is the youngest self-made billionaire as of November 2022, according to Forbes. At the age of 25, Wang is estimated to have a net worth of $1 billion. In February, Jung-Ju died at the age of 54, leaving his two daughters with stakes in the company worth billions even after tax deductions.
Sixth-Generation Wealth
Like her sister Dora, she owns 3.1% of WEG and has pulled in millions from dividends. She is currently enrolled in university and is completing coursework in psychology. His father was a small town scrapyard owner who started out renovating ex-Soviet equipment at the end of the Cold War. He transformed the business into the $3.2 billion (2023 revenue) defense producer Czechoslovak Group, which Strnad has since taken over as owner and CEO.
At 31, Mark Mateschitz sits atop a $39.4 billion empire built on the wings of Red Bull, the energy drink sensation that took the world by storm. As Red Bull’s co-founder by his father and mastermind, Mark plays his role remarkably as a stakeholder. According to Forbes’s real-time billionaire list, here are the top 10 youngest billionaires of 2024 as of January 31.
Similarly to Bobby Murphy, Snap CEO Evan Spiegel became wealthy as a cofounder and stakeholder of the company behind social media goliath Snapchat. Like Zuckerberg, Spiegel has managed to avoid losing control of the social media service he cofounded. Dustin Moskovitz, who is one of the cofounder of Facebook, owns an estimated 2% stake in his former employer. After leaving Facebook, Moskovitz went on to cofound Asana, which makes and sells workplace organization software.