Youngest Billionaires in the World 2024: Clemente Del Vecchio, Kim Jung-youn, and Others, Know Their Net Worth
The realm of billionaires often showcases stark contrasts between inherited wealth and self-made fortunes. While many young billionaires of 2024 owe their immense wealth to family legacies, a few have navigated the demanding world of entrepreneurship on their own. Their success stories highlight resilience, innovation, and the ability to seize opportunities. These young individuals are not just building financial empires; they are also shaping the future of various industries. Whether through inheritance or personal endeavor, the youngest billionaires exemplify how dreams can indeed become a reality with the right mix of passion and determination.
Table of Contents
The world’s youngest billionaires present an intriguing blend of inherited wealth and entrepreneurial ambition. In 2024, the list is dominated by individuals who gained fortunes through family businesses or innovative ventures. This article will focus on the top 10 youngest billionaires, exploring their backgrounds, sources of wealth, and prospects.
Clemente Del Vecchio: Wealth from Essilor Luxottica and Delfin
Net worth: $5.1 billion
Age: 20
Country: Italy
Clemente Del Vecchio, one of the youngest billionaires in the world, inherited his fortune from his father, Leonardo Del Vecchio, who was the chairman of Essilor Luxottica, a global leader in eyewear. Clemente holds a 12.5% stake in Delfin, a Luxembourg-based holding company. While much of his wealth is tied to the success of Essilor Luxottica, Clemente’s interests lie in science and technology, fields he hopes to pursue through higher education.
Kim Jung-youn: The Nexon Gaming Heiress
Net worth: $1.7 billion
Age: 20
Country: South Korea
Kim Jung-youn inherited her fortune from her father, Kim Jung-ju, the founder of Nexon, one of the world’s leading gaming companies. Jung-youn and her sister, Kim Jung-min, hold a significant stake in NXC, Nexon’s parent company. Despite their large holdings, neither of the sisters is involved in the business’s day-to-day operations, preferring to maintain a private life.
Livia Voigt: Latin America’s Electrical Motor Queen
Net worth: $1.3 billion
Age: 20
Country: Brazil
Livia Voigt’s wealth comes from her major stake in WEG, the largest manufacturer of electrical motors in Latin America. Founded by her grandfather, Werner Ricardo Voigt, WEG is now a powerhouse in the energy and automation sectors. Livia, however, has remained a university student and is not currently involved in the company’s management.
Kevin David Lehmann: The German Drugstore Giant
Net worth: $3.5 billion
Age: 21
Country: Germany
At just 21, Kevin David Lehmann controls 50% of the German drugstore chain dm (Drogerie Markt), which generates billions in annual revenue. His father, Guenther Lehmann, passed the stake to him in 2017. Kevin and his father remain out of the public eye despite his vast wealth and do not participate in the company’s operations.
Luca Del Vecchio: The Chief Strategy Officer of Delfin
Net worth: $5.1 billion
Age: 22
Country: Italy
Like his brother Clemente, Luca Del Vecchio inherited a 12.5% stake in Delfin. However, Luca is more involved in the family business, holding the title of Chief Strategy Officer at Delfin. His role allows him to shape the company’s future and influence its vast portfolio, including EssilorLuxottica, Generali, and UniCredit shares.
Kim Jung-min: Quiet Billionaire from Nexon
Net worth: $1.7 billion
Age: 22
Country: South Korea
Kim Jung-min, the older sister of Kim Jung-youn, also inherited a significant stake in NXC, Nexon’s parent company. Like her sister, Jung-min keeps a low profile and is not involved in the company’s day-to-day activities.
Remi Dassault: From Aerospace to Vineyards
Net worth: $2.3 billion
Age: 23
Country: France
Remi Dassault is part of the illustrious Dassault family, known for founding Dassault Aviation, a major player in aerospace. His wealth stems from family interests in vineyards and the French newspaper Le Figaro. Remi’s father, Olivier Dassault, was a politician and businessman, and the family had a long-standing influence in French politics and industry.
Zahan Mistry: Shaping the Construction Empire
Net worth: $5.2 billion
Age: 25
Country: Ireland
Zahan Mistry inherited his wealth from his father, Cyrus Mistry, who tragically passed away in 2022. As a key stakeholder in Tata Sons and the Shapoorji Pallonji Group, Zahan is heavily involved in the family’s construction empire, focusing on infrastructure projects and debt management strategies.
Dora Voigt de Assis: Architect Billionaire
Net worth: $1.3 billion
Age: 26
Country: Brazil
Dora Voigt de Assis, the older sister of Livia Voigt, shares her fortune in WEG, the family’s electrical motor empire. A recent graduate in architecture, Dora is not currently involved in the family business but may play a role in the future.
Expert Insights on Inherited Wealth
Wealth inherited from family businesses can create different paths for young billionaires. Some choose to remain actively involved, while others prefer to pursue personal interests.
Entrepreneurship vs. Inheritance: What Drives Young Billionaires?
The divide between self-made billionaires and those who inherit wealth often sparks debate. Many young billionaires have had to prove their capabilities despite their inherited wealth.
Future Trends in Wealth and Inheritance
As industries shift, especially in technology and sustainability, how young billionaires manage and grow their wealth will influence future markets.
Conclusion
The top 10 youngest billionaires of 2024 showcase a blend of inherited fortunes and entrepreneurial ambition. These individuals, though young, already wield significant influence in global markets.
Frequently Asked Questions
Who is the youngest billionaire in 2024?
At 20 years old, Clemente Del Vecchio is the youngest billionaire in 2024.
How do most young billionaires make their money?
The majority inherit wealth from family businesses, while some venture into entrepreneurship.
What industries are young billionaires most involved in?
They are involved in technology, gaming, construction, and retail sectors.
