Clemente, the youngest Del Vecchio heir, is not known to have a role at Luxottica, which owns Sunglass Hut, Ray-Ban and Oakley, among others. They still have plenty of time to make a return—something that will be much more difficult for FTX cofounder Gary Wang, 29, who pleaded guilty to fraud charges in December. The Snapchat cofounder is one of the youngest CEOs of a publicly-traded company in the world. After rallying in 2019, Snap stock is down 50% since the start of the year. Spiegel, who was born in the U.S., quietly became a dual American-French citizen in 2018, according to reports in the French press.
A few are self-made, having built notable companies like Snap (Evan Spiegel, 33), Gymshark (Ben Francis, 31) and Oculus VR (Palmer Luckey, 31). Collison, born and raised in Limerick, Ireland, but now living in San Francisco, is the richest billionaire age 30 or under, with a fortune of $3.2 billion. The value of his stake in privately held Stripe has nearly tripled in the past two years thanks to three nine-figure funding rounds. The most recent, a $250 million Series G in September, put Stripe’s valuation at $35 billion. When his father died in 2021, 23-year-old Remi Dassault inherited about 2.5% of the French software company Dassault Systèmes and 4.1% of Dassault Aviation, according to Forbes. The world got a new teenage billionaire when Leonardo Del Vecchio died in June 2022.
Shares of Hong Kong-listed SHKP have declined nearly 18% since the coronavirus outbreak at the start of the year. Sisters Kim Jung-min, 22, and Kim Jung-youn, 20, each hold 9% of Nexon, the South Korean-Japanese gaming company their father founded in 1994, Forbes reported. He inherited 50% of German drugstore chain dm-drogerie markt from his father at age 14.
- Though he and his brothers are Irish citizens, they live in Mumbai, where both the SP Group and Tata are based.
- The Snapchat cofounder is one of the youngest CEOs of a publicly-traded company in the world.
- His father was a small town scrapyard owner who started out renovating ex-Soviet equipment at the end of the Cold War.
- Spiegel, who was born in the U.S., quietly became a dual American-French citizen in 2018, according to reports in the French press.
- After gaining experience as a board observer for several years, she became a member of the board in June.
- 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.
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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. He and his Stanford freshman dormmate Stanley Tang teamed up with MBA student Tony Xu (now 39) to launch DoorDash after noticing that the only food delivery options in the area were a local Chinese joint and Domino’s.
of the world’s youngest billionaires — and how they got their fortune
Spiegel dropped out of Stanford to start Snapchat with his fraternity brothers Bobby Murphy and Reggie Brown in 2011 and became a billionaire by the age of 25. Now he and Murphy, 35, together own about a quarter of publicly traded Snap Inc., which generated $4.6 billion in revenue last year. In 2022, he paid off the student loan debt for the entire graduating class of the Otis College of Art and Design, where he’d taken classes during high school. For the first time since 2009, every billionaire under 30 inherited his or her fortune—the result of some self-made entrepreneurs aging into their 30s, and a sign that the “great wealth transfer” has begun. This year, the 25 youngest people on the Forbes’ World’s Billionaires list are all 33 or younger.
NET WORTH: $1.1 BILLION
The richest 30-and-under—by far—is Red Bull heir Mark Mateschitz, whose father Dietrich died in October 2022. With an estimated $34.7 billion fortune, he’s worth nearly ten times more than the next-richest young billionaires, Clemente Del Vecchio and his two siblings. Mateschitz is the richest of all 150 newcomers to the 2023 billionaires list. He is the third Del Vecchio sibling and the fourth heir to an eyeglasses fortune among the 33-and-under set.
Kevin David Lehmann once held the title of the world’s youngest billionaire at just 18 years old. In 2021, he inherited his money from stakes in a German drugstore chain transferred to him by his father. This year’s list features the children of titans of industries like gaming, pharmaceuticals, and eyewear. These young billionaires come from all over, but there are no Americans under 30 on the 2024 list, Forbes reported.
Altogether there are seven self-made billionaires under 30 on this year’s list, outnumbering the five heirs to established fortunes. That’s thanks in part to Stanley Tang and Andy Fang, both 29, who cofounded food delivery app DoorDash in 2013 with Tony Xu (who’s now 37). Their stakes were each valued at over $2 billion when the company went public in 2020, and while the stock has dropped off since then, the two are still worth an estimated $1.2 and $1.1 billion, respectively. Austin Russell, who became the world’s youngest self-made billionaire when his automotive sensor firm Luminar Technologies went public in December 2020, has also seen his fortune slide. Now 27, Russell’s net worth is down by one-third, to an estimated $1.6 billion.
It remained under a trusteeship until his 18th birthday, when he became a billionaire. Neither Lehmann nor his father is operationally involved in the $14 billion (revenue) company. The average billionaire is 65 years old, according to Forbes’ latest ranking of the planet’s richest people, and the eldest is insurance tycoon George Joseph, who’s 101.
They each own 3.1% of WEG, slightly less than the 3.9% stakes owned by their older cousins Eduardo and Mariana. WEG exports to over 135 countries and is one of the world’s biggest electric motor manufacturers. He is the chief strategy officer of EssilorLuxottica, the largest eyeglasses company in the world and the owner of Ray-Ban, which his father chaired until his death in June 2022. Del Vecchio, his mother and his six half-siblings all inherited a 12.5% stake in the family’s Luxembourg-based holding company Delfin, which owns nearly a third of EssilorLuxottica.
According to Forbes, it’s the first time in 15 years that there aren’t any self-made billionaires under 30. Leonardo Maria is his father’s only child with Zampillo and heads strategy for Luxottica. When they transitioned into sewing and screen printing fitness clothing in Francis’ parents’ garage, their sportswear brand was born. Morgan offloaded his stake to private equity firm General Atlantic in a 2020 deal that valued the company at $1.5 billion. Moved by the experience of his grandfather, who was forced to close his real estate business because he didn’t have a successor, Sagami, who got his start in advertising, launched M&A Research Institute Holdings in 2018. The company uses AI to advise small- and medium-scale enterprises with aging owners who have no one lined up to take over.
That includes Ben Francis, who founded activewear maker Gymshark in 2012, when he was 19, and Palmer Luckey, who sold his first startup to Facebook and is back with a successful defense tech business. Forbes has ages for about 97% of the 2022 list members; this post is based on the ages that we’ve been able to confirm. Unlike his half-brother Leonardo, he has no role in EssilorLuxottica.
The World’s Youngest Billionaires 2024
His top 10 youngest billionaires in the world brothers Leonardo Maria, 28, and Luca, 22, also inherited fortunes, as did three older siblings. Then there’s Sophie Luise Fielmann, 29, German heiress to Fielmann AG, an eyeglasses fortune left by her father, Günther Fielmann, who died in January at age 84. She and her sister Livia are the youngest granddaughters of Werner Ricardo Voigt, the billionaire cofounder of the Brazilian electrical equipment producer WEG, who died in 2016.
