While becoming a billionaire is often a lifelong achievement, marked by years of hard work and business acumen, a select group of individuals has defied the norm by achieving this extraordinary feat at a remarkably young age.
These individuals owe their wealth not only to their family legacies but also to strategic inheritances and investments in some of the most influential companies globally.
Here’s a look at the top 10 youngest billionaires in the world according to the latest Forbes ranking:
1. Johannes von Baumbach – $5.4 Billion (Age 19)
At just 19, Johannes von Baumbach is already a billionaire, inheriting his fortune from the German pharmaceutical giant Boehringer Ingelheim.
The company, founded in 1885, remains one of the largest suppliers of ingredients to pharmacies and the food industry, and Johannes holds a significant stake in its private business.
2. Lívia Voigt de Assis – $5.2 Billion (Age 20)
Lívia Voigt de Assis is the 20-year-old heir to WEG, Latin America’s largest electrical motor manufacturer. A major shareholder in WEG, Lívia’s fortune reflects the company’s dominance in the region’s industrial sector.
3. Clemente Del Vecchio – $6 Billion (Age 20)
After the passing of his father, Leonardo Del Vecchio, Clemente inherited a 12.5% stake in Delfin, the holding company of EssilorLuxottica, one of the world’s largest eyewear manufacturers. His wealth of $6 billion puts him firmly on the list of the youngest billionaires globally.
4. Kim Jung-youn – $1.3 Billion (Age 21)
Kim Jung-youn, a 21-year-old South Korean, owes her fortune to her stake in NXC, the parent company of the renowned online gaming company Nexon. With a net worth of $1.3 billion, she is a key figure in the global gaming industry.
5. Kevin David Lehmann – $3.6 Billion (Age 22)
At just 22, Kevin David Lehmann is one of the youngest billionaires in Germany. He owns 50% of DM (Drogerie Markt), Germany’s leading drugstore chain.
The fortune, which he quietly inherited at the age of 14, became accessible to him once he turned 18 in 2020.
6. Kim Jung-min – $1.3 Billion (Age 23)
Kim Jung-min, the older sister of Kim Jung-youn, inherited a similar stake in NXC, placing her in the same position as her younger sibling in terms of wealth. Like her sister, she is also a significant player in the gaming industry.
7. Franz von Baumbach – $5.4 Billion (Age 23)
Franz von Baumbach, another heir to Boehringer Ingelheim, shares the same fortune as his younger brother, Johannes.
At 23, he represents the new generation of pharmaceutical wealth, continuing the family legacy in one of the largest privately owned pharmaceutical companies in the world.
8. Luca Del Vecchio – $6 Billion (Age 23)
Luca Del Vecchio, the elder son of the late Leonardo Del Vecchio, inherited a substantial stake in Delfin, boosting his net worth to $6 billion.
Like his brother Clemente, Luca is heavily involved in the family’s luxury eyewear empire and holds a significant position in the industry.
9. Remi Dassault – $2.8 Billion (Age 23)
Remi Dassault, with a 4.1% stake in Dassault Aviation, inherited his wealth from his great-grandfather, who invented a propeller used by the French Air Service in World War I. Remi’s $2.8 billion fortune reflects his family’s enduring legacy in the aviation industry.
10. Maxim Tebar – $1.1 Billion (Age 24)
Maxim Tebar, a 24-year-old German billionaire, made his fortune through a significant stake in Stihl, the world’s leading manufacturer of chainsaws and hand tools.
With a net worth of $1.1 billion, Tebar continues to expand his influence in the manufacturing sector.
These young billionaires highlight a new trend in wealth, where inheritance and family legacies pave the way for substantial fortunes.
Their rapid rise to financial prominence underscores the importance of strategic family holdings and investments in shaping the world’s future business landscape.
