The world’s youngest billionaire is 19-year-old Livia Voigt.
A new study has found that every billionaire on the planet under the age of 30 earned their wealth through a massive inheritance. The number of people on Forbes’ 2024 billionaire list hit a record high, 141 more than last year. Research shows that there are 15 billionaires under the age of 30, but none of them created their wealth themselves, but benefited from huge inheritances. Forbes established.
That number is expected to soar in the coming years as the older generation of super-rich prepare to pass their wealth on to their children. This is the first wave of the “Great Transfer of Wealth,” and in the next 20 years, heirs are expected to receive more than $5.2 trillion in wealth from more than 1,000 wealthy individuals.he exits reported.
Among the 15 billionaires under 30 are Zahan and Firoz Mistry, who each hold a stake in Tower, the parent company of Indian conglomerate Tate Group. The stake in Tata Sons is estimated to be worth $4.9 billion. After the death of their father, Cyrus Mistry, in 2022, the two brothers inherited a 4.6% stake in the company.
The three children of Leonardo Del Vecchio, founder of luxury sunglasses company Luxottica, also appear on the list. Leonardo Maria, 28, Luca, 22, and Clemente Del Vecchio, 19, each have a fortune of $4.7 billion. Thanks to their 12.5% stake in Luxembourg holding company Delfin, which owns nearly a third of EssilorLuxottica, the company behind Ray-. Ben and Oakley.
The world’s youngest billionaire is 19-year-old Livia Voigt, who owns a 3.1% stake in WEG Industries, Latin America’s largest electric motor manufacturer, and has a fortune of $1.1 billion. The company was founded by her grandfather Werner Ricardo Voigt, the late billionaire Eggon Joao da Silva and Gerardo Voigt Co-founded by Geraldo Werninghaus.
The oldest person in the 30-and-under age group is salmon magnate Gustav Magnar Witzoe, whose father gifted him a stake in the Salmar ASA business worth nearly half in 2013.
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“Over the next 20 to 30 years, more than 1,000 of today’s billionaires could transfer more than $5.2 trillion to their heirs. How do we calculate that number? Just add the 1,023 of today’s billionaires who are 70 or older Wealth just adds up,” explains an expert from Swiss banking giant UBS. protector.
They added: “In the longer term, the extraordinary wealth generated by the boom in entrepreneurial activity since the 1990s has laid the foundation for future generations of billionaire families.”
Experts believe that the next generation is expected to inherit a total of US$70 trillion in the next 20 years. The shift is expected to make millennials the “richest generation in history”, according to research from estate agent Knight Frank.
