Becoming a billionaire is often the result of decades of hard work and business success. However, a select few have achieved this milestone at an incredibly young age, thanks to family fortunes, strategic investments, and booming industries.
Here are the top 10 youngest billionaires in the world, according to the latest Forbes ranking:
1. Johannes von Baumbach (19, Germany) – $5.4 Billion
Johannes von Baumbach is the youngest billionaire in the world at just 19 years old. He inherited his fortune from Boehringer Ingelheim, a leading pharmaceutical company founded in 1885. The company supplies ingredients for pharmaceuticals and the food industry.
2. Lívia Voigt de Assis (20, Brazil) – $1.1 Billion
Lívia Voigt de Assis is a major shareholder in WEG, Latin America’s largest electrical motor manufacturer. At just 20, she has already secured her place among the world’s youngest billionaires.
3. Clemente Del Vecchio (20, Italy) – $6 Billion
Clemente Del Vecchio inherited a 12.5% stake in Delfin, the holding company behind EssilorLuxottica, the world’s leading eyewear manufacturer. He is one of six children of the late billionaire Leonardo Del Vecchio.
4. Kim Jung-youn (21, South Korea) – $1.3 Billion
Kim Jung-youn became a billionaire through her stake in NXC, the parent company of Nexon, a globally renowned online gaming powerhouse.
5. Kevin David Lehmann (22, Germany) – $3.6 Billion
Kevin inherited 50% of DM (Drogerie Markt), Germany’s leading drugstore chain. His father discreetly transferred the shares to him when he was 14, but he could only access them after turning 18 in 2020.
6. Kim Jung-min (23, South Korea) – $1.3 Billion
The older sister of Kim Jung-youn, she inherited a similar 9% stake in NXC, making her one of South Korea’s youngest billionaires.
7. Franz von Baumbach (23, Germany) – $5.4 Billion
Like his younger brother Johannes, Franz von Baumbach is an heir to the Boehringer Ingelheim pharmaceutical empire, making him one of the wealthiest young billionaires.
8. Luca Del Vecchio (23, Italy) – $6 Billion
Luca inherited a stake in Delfin, the holding company of EssilorLuxottica, following his father’s passing. He is the older brother of Clemente Del Vecchio, making them one of the wealthiest sibling duos.
9. Remi Dassault (23, France) – $2.8 Billion
Remi Dassault owns a 4.1% stake in Dassault Aviation, a leading French aerospace company founded by his great-grandfather, a Holocaust survivor and inventor of a WWI propeller.
10. Maxim Tebar (24, Germany) – $1.1 Billion
Maxim Tebar’s wealth comes from his stake in STIHL, one of the world’s top manufacturers of chainsaws and hand equipment.
HEED: Follow us on Instagram or any other social media platform and get the most reliable news directly in your favourite app!
These young billionaires inherit, invest, and innovate, proving that financial success isn’t just for the old.
Stay updated with Naija Blog Daily for more exclusive business and financial insights!
NaijaBlogDaily# is visible on all social media platforms, and we bring you the latest Nigerian news on politics and economy, entertainment, and celebrity updates, including sports across Nigeria and beyond…
Keep visiting and following up with us on any social media platform you are using to keep you updated 💯
Remember (information brings knowledge and power).
STAY TUNED!!!
