In a world where the average billionaire is 65 years old, it is truly remarkable to find individuals who have amassed great wealth at such a young age. Forbes’ latest ranking of the planet’s richest people reveals that there are more than ten individuals under the age of 30 who possess a three-comma fortune.
These young billionaires, including a couple of teenagers, have achieved remarkable success and financial prosperity, which includes as follows.
Top 10 Youngest Billionaires In The World 2024
10. Clemente Del Vecchio
- Date of Birth: May 14, 2004
- Age: 19 (as of 2023)
- Source of Wealth: Luxottica
- Net Worth: $4 Billion
- Wealth Startup: Inheritance from his father’s wealth
- Citizenship: Italy
Clemente Del Vecchio, at the young age of 18, is one of the world’s youngest billionaires. He hails from Italy and inherited his wealth from his father, Leonardo Del Vecchio, the founder of Luxottica, the world’s largest eyewear company. While not much is known about Clemente’s role within Luxottica, his inherited wealth has secured his place among the world’s wealthiest individuals.
9. Luca Del Vecchio
- Date of Birth: May 14, 2004
- Date of Birth: September 2000
- Age: 21 (as of 2023)
- Source of Wealth: Luxottica
- Net Worth: $4 Billion
- Wealth Startup: Inheritance from his father’s wealth
- Citizenship: Italy
Luca Del Vecchio, the 21-year-old son of Leonardo Del Vecchio and Sabrina Grossi, is another young billionaire from the Del Vecchio family. Like his siblings, Luca inherited a significant portion of Luxottica’s wealth after his father’s passing. While his exact involvement in the company is not widely known, his inherited fortune has undoubtedly provided him with significant financial security.
8. Kim Jung-youn
- Date of Birth: Unknown
- Age: 19(as of 2023)
- Source of Wealth: Online gaming
- Net Worth: $1.7 Billion
- Wealth Startup: Inheritance from her father’s wealth
- Citizenship: South Korea
Kim Jung-youn, at just 19 years old, is one of the youngest billionaires in the world. She inherited her wealth from her father, Kim Jung-ju, the founder of Nexon, a renowned online gaming company. Although not much is known about Kim Jung-youn’s specific role within the company, her inherited stake in Nexon has propelled her into the ranks of the ultra-wealthy.
7. Kim Jung-min
- Date of Birth: Unknown
- Age: 22
- Source of Wealth: Online gaming
- Net Worth: $1.7 Billion
- Wealth Startup: Inheritance from her father’s wealth
- Citizenship: South Korea
Kim Jung-min, the 21-year-old sister of Kim Jung-youn, is another young billionaire from the Nexon family. She also inherited a significant stake in Nexon from her father, Kim Jung-ju. While her precise involvement in the company remains undisclosed, her inherited wealth has positioned her as one of the youngest billionaires globally.
6. Kevin David Lehmann
- Date of Birth: September 1, 2002
- Age: 21 ( as of 2023)
- Source of Wealth: Drugstores
- Net Worth: $2.6 Billion
- Wealth Startup: Inheritance from his father’s wealth
- Citizenship: Germany
Kevin David Lehmann, a 20-year-old from Germany, entered the billionaire ranks after inheriting 50% of the German drugstore chain dm-drogerie markt from his father. Although his role within the company is not widely known, his inherited stake in the successful drugstore chain has contributed to his substantial net worth.
5. Gustav Magnar Witzoe
- Date of Birth: February 8, 1993
- Age: 30 (as of 2023)
- Source of Wealth: Fish farming
- Net Worth: $3.1 Billion
- Wealth Startup: Inheritance from his father’s wealth
- Citizenship: Norway
At just 29 years old, Gustav Magnar Witzoe from Norway is a billionaire thanks to his involvement in the fish farming industry. He inherited nearly half of SalMar ASA, a prominent salmon farming company, from his father. In addition to his contributions to the fish farming industry, Witzoe has also ventured into real estate and invested in various tech startups.
4. Michal Strnad
- Date of Birth: 4 August 1992
- Age: 31 (as of 2023)
- Source of Wealth: Weapons
- Net Worth: $2.1 Billion
- Wealth Startup: Inherited his father’s business
- Citizenship: Czech Republic
Michal Strnad, a 30-year-old from the Czech Republic, has amassed his wealth through his involvement in the weapons industry. He inherited his father’s business, Czechoslovak Group, which is a major supplier of ammunition and military equipment. Under Strnad’s leadership, the company has experienced significant growth, doubling its sales in the first half of 2022.
3. Palmer Luckey
- Date of Birth: 19 September 1992
- Age: 31 (as of 2023)
- Source of Wealth: Virtual reality, defense contracting
- Net Worth: $1.8 Billion
- Wealth Startup: Self-made entrepreneur
- Citizenship: United States
Palmer Luckey, a 30-year-old entrepreneur from the United States, achieved billionaire status through his ventures in virtual reality and defense contracting. He gained recognition as the founder of Oculus, a virtual reality headset-maker, which he sold to Facebook for $2 billion in 2014. Luckey has since focused on his defense tech startup, Anduril, which specializes in building drones and surveillance products for the Department of Defense.
2. Leonardo Maria Del Vecchio
- Date of Birth: May 20, 1995
- Age: 28 (as of 2023)
- Source of Wealth: Luxottica
- Net Worth: $4 Billion
- Wealth Startup: Inheritance from his father’s wealth
- Citizenship: Italy
Leonardo Maria Del Vecchio, at 27 years old, is one of the youngest billionaires in the world. He inherited a significant portion of Luxottica, the world’s largest eyewear firm, from his father, Leonardo Del Vecchio. While his exact role within the company is not widely known, his inherited wealth has solidified his place among the world’s wealthiest individuals.
1. Mark Mateschitz
- Date of Birth: 7 May 1992
- Age: 31(as of 2023)
- Source of Wealth: Red Bull
- Net Worth: $40 Billion
- Wealth Startup: Inheritance from his father’s wealth
- Citizenship: Austria
At the top of this exclusive group is Mark Mateschitz, the 30-year-old heir to the Red Bull empire. With an estimated net worth of $40 billion, Mateschitz inherited 49% of the energy drink giant after the passing of his father, Dietrich Mateschitz, in October 2022. Despite his young age, Mateschitz has already made an impact in the company, having previously served as its head of organics. However, he recently decided to step down from his operational role to focus on his responsibilities as a shareholder.
These young billionaires have achieved remarkable success and financial prosperity at a remarkably young age, whether through inheritance, entrepreneurship, or strategic investments. Their stories serve as a testament to the potential for immense wealth and success, even at a young age.
