Top 10 Youngest Billionaires in the World – Under 30 (2023/2024)

Top 10 Youngest Billionaires in the World – Under 30 (2023/2024)

The combined wealth of this select group is USD 64 billion, making them one of Forbes’ The World’s Youngest Billionaires 2023. They make up 0.6% of the world’s 2,640 billionaires, according to the publication. In 2023, Clemente Del Vecchio, age 18, surpassed Kevin David Lehmann as the youngest billionaire in the world with a net worth of USD 3.5 billion, but FTX’s Chief Technology Officer Gary Wang was left off of Forbes’ list of billionaires.

Ryan Breslow, one of the richest young people on the Forbes list, left Stanford University to concentrate on his payment startup Bolt. Breslow was a co-founder of this software designed to streamline the e-commerce industry. Bolt, which offers online retailers one-click payments, was valued at USD 11 billion in 2022.

The company now has a value of USD 5 billion, according to Forbes, as a result of the difficult times that private markets are currently experiencing. Additionally, Breslow left his position as CEO of the startup and is now its executive chairman after raising a total of USD 1.3 billion for Bolt, including USD 355 million in January 2022.

Breslow is one of the world’s youngest billionaires, but he leads a very low-key life. A 2022 Forbes article revealing the same claims: “Between Zoom meetings and virtual yoga sessions, Breslow, whose stake in Bolt gives him a fortune worth $2 billion, eats a vegan, locally sourced lunch in solitude and silence. He rarely consumes food in front of others. He avoids caffeine, alcohol, and all meat and gluten. Additionally, no supplements or illegal substances.

One of the six children of the late chairman of EssilorLuxottica and eyewear magnate Leonardo Del Vecchio, Leonardo Maria owns 12.5% of the Luxembourg-based multinational holding company Delfin S.à r.l.

When Leonardo Del Vecchio passed away in 2022, Leonardo Maria, his mother, and six half-siblings each received their share.

Leonardo Maria is the CEO of Salmoiraghi & Vigan in addition to being the chief strategy officer of EssilorLuxottica. In 2016, EssilorLuxottica acquired the eyewear retail business for an undisclosed sum.

Delfin S.à r.l., a holding company, owns shares in EssilorLuxottica, the largest eyewear company in the world, Generali, the banks Mediobanca and UniCredit, and the real estate investor Covivio.

Johan H. Andresen, the father of Norwegian millennial Katharina Andresen, gave her ownership of the remaining 42% of Ferd, making her a billionaire.

The current name of this family-run business, which was established in 1849 by the first Johan H. Andresen, was given in 2001. Through a dual-class share structure, Johan, who has served as the company’s chair since 2012, currently holds 70% of the company’s votes.

According to Forbes Czech, Katharina is employed by the company in addition to a construction firm in Oslo.

Wang, who holds stakes in the Chinese chemical firms CNNC Hua Yuan Titanium Dioxide Co. Ltd. and Lomon Billions Group, is the youngest billionaire in Asia.

Lomon Billions Group has six TiO2 pigment production facilities, making it one of the top three producers of titanium dioxide pigments in the world. In addition, it has one intermediate TiO2 (calciner discharge) plant, three sulphate process plants, two chloride process plants, and three sulphate process plants. On July 7, 2021, the business changed its name to LB Group.

The second-largest producer of C&G pigment in China, CNNC markets its goods under the brand CHTi and has manufacturing facilities in regions like Gansu and Anhui.

Wang was included on Forbes’ exclusive list of “The World’s Youngest Billionaires 2022: 12 Under Age 30” in addition to joining the likes of Tesla and Twitter CEO Elon Musk in the billionaire club.

The youngest of the three billionaire Andresen sisters, Alexandra owns a 42% stake in her father’s investment firm, Ferd.

Ferd currently primarily manages hedge funds. It has private equity investments and participates actively in the Nordic stock market.

According to a 2021 Business Insider article, Alexandra had a significant responsibility as a result of the Ferd inheritance, which she also discussed in a 2014 interview.

“In a way, I feel like I haven’t??Despite my desire to advance Ferd and improve it, I don’t deserve this. I believe it’s challenging to find a way to give something back,” she said.

Alexandra reportedly also owns a horse breeding and training facility, according to Forbes.

According to Forbes, Luca Del Vecchio, one of the two kids the late Del Vecchio had with former Luxottica board member and head of investor relations Sabina Grossi, is not currently employed in any capacity at his father’s eyewear business EssilorLuxottica.

But according to a 2022 Bloomberg article, business tycoon Del Vecchio distributed his wealth equally among his heirs.

According to the article, in his will, he stipulated that each of his eight heirs—his wife, his six children, and the son from a previous marriage—would receive a 12.5% share of Delfin S.à r.l., the holding company owned by Del Vecchio. Delfin also issued a statement confirming the same thing, which also mentioned that the Will contained no additional instructions regarding the governance of the company.

Luca currently owns the 12.5% interest he inherited from his father.

Age: 21

Country: South Korea

Source of wealth: Online gaming

Net worth: USD 1.7 billion

Together with her younger sister Kim Jung-youn, Kim Jung-min received the majority of her family’s wealth, making her the fourth-youngest billionaire in the world. In addition, Jung-min owns 15% of the shares of the Japanese-South Korean video game company Nexon as well as a third of the family’s assets. According to reports, Jung-min purchased about 31% of the NXC stock.

Nevertheless, according to Forbes, Jung-min and her younger sister Jung-youn lead quiet lives and are not well known to play active roles in the business.

Age: 20

Country: Germany

Source of wealth: Drugstores

Net worth: USD 2.3 billion

The third-youngest billionaire in the world owes his wealth to the German drugstore chain dm (drogerie markt), which generates over USD 14 billion in annual sales.

According to the official company website, the nation’s top drugstore chain, which was established in 1973 by Prof. Götz W. Werner in Karlsruhe, employs about 46,000 people across more than 2,000 stores in Germany.

Forbes reports that Kevin invested in dm after his father gave him the company’s 50% ownership in 2017.

Age: 19

Country: South Korea

Source of wealth: Online gaming

Net worth: USD 1.7 billion

After the passing of her business tycoon father Kim Jung-ju in February 2022, the 19-year-old teenage billionaire Kim Jung-youn received a 15% stake in the massive online gaming company Nexon. Additionally, she inherited 31% of NCX, Nexon’s largest shareholder. On Forbes’ 2023 list of the youngest billionaires, Jung-youn is the first female billionaire.

One of the top video game developers in Asia, Nexon, created the first MMORPG—a massively multiplayer online role-playing game—in its infancy. Nexon is well-known for some of its most well-known games, including MapleStory, Dungeon&Fighter, Sudden Attack, and KartRider. Nexon has about 80 live games in more than 190 countries.

In 2017, Nexon, which was initially listed on the Tokyo Stock Exchange, was included in the Nikkei Stock Index 300.

Age: 18

Country: Italy

Source of wealth: Luxottica

Net worth: USD 3.5 billion

When Leonardo Del Vecchio, the chairman of Luxottica, the largest eyewear company in the world, passed away in June 2022, his younger son Clemente received a 12.5% share of his father’s multinational business Delfin S.à r.l., which also holds the majority of the stock in Luxottica.

As of August 31, 2021, the company’s gross asset value totaled about USD 32.19 billion and its total net asset value was about USD 29.77 billion, according to the official Delfin S.à r.l website.

According to Forbes, the youngest billionaire in the world is not currently employed by Luxottica, the company that owns a wide range of luxury eyewear brands like Ray-Ban, Sunglass Hut, and Oakley.

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