Who are the world’s youngest billionaires and how did they get so rich?
Who are the youngest billionaires in the world?
While many of the world’s youngest billionaires inherited their wealth from their parents, some of the most notable figures have overcome the obstacles of entrepreneurship and innovation to become the creators of their own destinies.
Their success stories are characterized by perseverance, resilience, and the ability to seize opportunity.
Regardless of how they became rich, today’s young billionaires are leading giants and shaping the future. Their stories prove that with passion and determination, dreams can become reality.
Here are the world’s youngest billionaires and how they earned their incredible fortunes.
The richest young billionaires in the world
| No. | Name | Net worth | Age | Country |
|---|---|---|---|---|
| 1 | Mark Mateschitz | $39.7 billion | 32 | Austria |
| 2 | John Collison | $7.2 billion | 34 | Ireland |
| 3 | Clemente Del Vecchio | $5.1 billion | 20 | Italy |
| 4 | Luca Del Vecchio | $5.1 billion | 22 | Italy |
| 5 | Zahan Mistry | $5.0 billion | 25 | India/Ireland |
| 6 | Firoz Mistry | $5.0 billion | 27 | India/Ireland |
| 7 | Michal Strnad | $4.4 billion | 32 | Czech Republic |
| 8 | Kevin David Lehmann | $3.4 billion | 22 | Germany |
| 9 | Gustav Magnar Witzøe | $3.4 billion | 31 | Norway |
| 10 | Evan Spiegel | $3.0 billion | 34 | United States |
| 11 | Sophie Luise Fielmann | $2.8 billion | 30 | Germany |
| 12 | Jonathan Kwok | $2.5 billion | 32 | Hong Kong |
| 13 | Palmer Luckey | $2.4 billion | 32 | United States |
| 14 | Remi Dassault | $2.2 billion | 23 | France |
| 15 | Kim Jung-min | $1.6 billion | 22 | South Korea |
| 16 | Kim Jung-youn | $1.6 billion | 20 | South Korea |
| 17 | Ben Francis | $1.4 billion | 32 | United Kingdom |
| 18 | Dora Voigt de Assis | $1.3 billion | 26 | Brazil |
| 19 | Livia Voigt | $1.3 billion | 20 | Brazil |
| 20 | Andy Fang | $1.3 billion | 32 | United States |
| 21 | Stanley Tang | $1.2 billion | 32 | China/United States |
| 22 | Shunsaku Sagami | $1.1 billion | 33 | Japan |
1. Mark Mateschitz
- Age: 32 years old
- Country of Origin: Austria
- Company: Red Bull, Thalheimer Heilwasser
- Net Worth: $39.7 billion
Mark Mateschitz, born on May 7, 1992, is a 32-year-old Austrian billionaire. He is the son of Dietrich Mateschitz, co-founder of Red Bull GmbH, the famous energy drink company. After his father’s death in 2022, Mark inherited 49% of the company’s shares, becoming the richest young man in the world.
Raised in Austria, he initially kept a low profile, using his mother’s surname during his early years. He then studied business administration at the University of Applied Sciences in Salzburg. In addition to his role as a major shareholder in Red Bull, Mark Mateschitz founded his own beverage company, Thalheimer Heilwasser GmbH, in 2018, which produces beer and lemonade using water from one of Austria’s oldest springs.
2. John Collison
- Age: 34
- Country of Origin: Ireland
- Company: Stripe
- Net Worth: $7.2 billion
John Collison, born August 6, 1990, in Limerick, Ireland, is an Irish entrepreneur and co-founder of Stripe, one of the world’s largest online payment platforms. Along with his brother Patrick, John founded Stripe in 2010 with the goal of simplifying the payment process for online businesses, allowing anyone to accept payments quickly and securely. Before Stripe, the brothers had already founded another successful startup called Auctomatic, which they sold in 2008 for $5 million.
He briefly attended Harvard University but dropped out to focus on Stripe, which today processes billions of transactions for companies like Amazon, Target, Lyft, and many others.
3. Clemente Del Vecchio
- Age: 20
- Country of Origin: Italy
- Company: Delfin, EssilorLuxottica
- Net Worth: $5.1 billion
Clemente Del Vecchio, born in 2004, is the youngest heir to the global eyewear giant, Luxottica, founded by his late father, Leonardo Del Vecchio. After Leonardo’s death in 2022, Clemente inherited a significant portion of the family fortune, acquiring a 12.5% stake in the Delfin holding company, which controls Luxottica, becoming one of the youngest billionaires in the world. At the time of the bequest, Clemente was just 18 years old.
Although Clemente does not currently have an operational role at Luxottica, his future in running the family’s sprawling empire remains a subject of great interest.
He is a savvy investor, anticipating the successes of Germany’s FlixBus, videoconferencing platform Zoom, and learning platform Udacity.
His family owns several prestigious eyewear brands, including Ray-Ban, Oakley, and Persol, and controls retail chains such as Sunglass Hut and LensCrafters. Much of the family’s wealth comes from his father’s entrepreneurial vision, which over the years has transformed Luxottica into a global behemoth.
4. Luca Del Vecchio
- Age: 22
- Country of Origin: Italy
- Company: Delfin, EssilorLuxottica
- Net Worth: $5.1 billion
Behind his brother in the ranking of the youngest billionaires in the world only because of age, Luca Del Vecchio, born in 2001, is also one of the sons of Leonardo Del Vecchio, founder of Luxottica.
After his father’s death in 2022, he also inherited a 12.5% stake in the Delfin holding, along with other significant assets such as stakes in large insurance companies and banks.
Unlike his younger brother, Clemente Del Vecchio, Luca has a more active role in the family’s business. He is involved in the strategic management of some of Delfin’s investments.
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5. Zahan Mistry
- Age: 25
- Country of Origin: India/Ireland
- Company: Tata Sons, Shapoorji Pallonji Group
- Net Worth: $5.0 billion
Zahan Mistry, born in 1998, is one of two sons of the late Cyrus Mistry, former chairman of Tata Sons. Zahan, along with his older brother Firoz, inherited a considerable fortune after their father tragically died in a car accident in 2022.
The two brothers hold a combined 18.4% stake in Tata Sons, one of India’s most powerful conglomerates, with annual revenues of around $150 billion.
With an estimated net worth of $5 billion, Zahan is among the world’s youngest billionaires. In addition to their stake in Tata Sons, the Mistry brothers also own a significant stake in the Shapoorji Pallonji Group, a family-run construction and engineering company. Zahan is actively involved in the management of the group and has helped to reorganize the company since his father’s death.
Despite their Irish citizenship, Zahan and Firoz reside in Mumbai, where the family’s business interests are centered.
6. Firoz Mistry
- Age: 27
- Country of Origin: India/Ireland
- Company: Tata Sons, Shapoorji Pallonji Group
- Net Worth: $5.0 billion
Firoz Mistry, 27, is one of the sons of the late Cyrus Mistry, former chairman of Tata Sons and a key figure in the Shapoorji Pallonji Group, one of India’s leading construction conglomerates. After his father’s death in 2022, Firoz inherited an 18.4% stake in Tata Sons, making him India’s richest young man to date. He also owns a 25% stake in the Shapoorji Pallonji Group with his brother Zahan Mistry, under the supervision of their uncle, Shapoor Mistry.
Firoz studied abroad at the University of Warwick, and while he is a rather private person, he is gradually taking a more active role in the family business.
7. Michal Strnad
- Age: 32
- Country of Origin: Czech Republic
- Company: Czechoslovak Group
- Net Worth: $4.4 billion
Michal Strnad is a Czech entrepreneur and billionaire, best known as the owner and chairman of Czechoslovak Group (CSG), an industrial group operating in the defense, aerospace, railway, and automotive sectors, with a strong focus on the production and export of military equipment, especially to NATO countries.
Born in 1992, Michal began working in the family business at a young age, initially helping out in the warehouse during school holidays. He took over the helm of CSG in 2018, having inherited the position from his father, Jaroslav Strnad, who founded the company. Under his leadership, the group has grown significantly, benefiting in particular from the increased demand for military equipment after the conflict between Russia and Ukraine. Today, the group operates in over 50 countries and has become a key player in the European defense sector.
Michal’s strategy focuses on long-term strategy and development rather than short-term acquisitions, and he is involved in several new business ventures, including large-caliber ammunition and military vehicles.
8. Kevin David Lehmann
- Age: 22
- Country of origin: Germany
- Company: dm-drogerie markt (DM)
- Net worth: $3.4 billion
Kevin David Lehmann, born in 2002 in Karlsruhe, Germany, is one of the youngest billionaires in the world. He became a billionaire at just 18 years old when he inherited 50% of the German retail chain DM-Drogerie Markt from his father, Günther Lehmann, who had acquired a significant stake in the company in the 1970s. DM-Drogerie Markt is one of the leading retail chains for cosmetics, health products, household products, and food in Europe, with thousands of stores and an annual turnover of over $14 billion.
Kevin has maintained a very private profile and is not actively involved in the management of the company. Instead, he focuses on his studies and other business interests. He is not present on social media and not much information is available about his personal life.
9. Gustav Magnar Witzøe
- Age: 31
- Country of Origin: Norway
- Company: SalMar ASA
- Net Worth: $3.4 billion
Gustav Magnar Witzøe, born February 8, 1993, is a Norwegian billionaire and one of the youngest billionaires in the world. He holds a significant stake in SalMar ASA, one of the world’s largest salmon farming companies. His father, Gustav Witzøe, founded SalMar in 1991 and transferred nearly half of the company’s shares to Gustav Magnar when he turned 19, primarily for succession reasons.
Despite his huge inheritance, Gustav has tried to find his own path. In addition to being involved in the family business, he has invested in technology and real estate startups. He lives a luxurious lifestyle and documents his experiences on social media, but he still remains busy with his family business and other professional and personal interests.
10. Evan Spiegel
- Age: 34
- Country of Origin: United States
- Company: SSnap Inc.
- Net Worth: $3.0 billion
Evan Spiegel, born June 4, 1990, in Los Angeles, California, is the co-founder and CEO of Snap Inc., the parent company of Snapchat. Spiegel became a billionaire at just 25 years old thanks to the success of the multimedia messaging app that introduced the idea of disappearing photos and content. He developed the idea for Snapchat while studying at Stanford University in 2011, collaborating with Bobby Murphy and Reggie Brown.
Snapchat went public in 2017, and the IPO made Spiegel one of the youngest CEOs of a publicly traded company at just 26 years old. Despite stiff competition from giants like Facebook, Spiegel is managing to maintain a significant presence in the social media industry.
His personal life attracted media attention when he married Australian supermodel Miranda Kerr in 2017, with whom he has two children. In addition to his entrepreneurial successes, Spiegel is very active in philanthropy.
Original article published on Money.it Italy 2024-10-10 16:25:24. Original title: I miliardari più giovani del mondo. Classifica 2024
