The world of billionaires offers a captivating contrast between those who inherit wealth and those who create fortunes from the ground up. Among the youngest billionaires, there is a compelling blend of inherited and self-made success stories, each highlighting determination, resilience, and entrepreneurial spirit. Figures such as Livia Voigt and Zahan Mistry exemplify this mix, as they not only accumulate wealth but also shape the future through their innovative ventures.
These young billionaires, whether they build on family legacies or carve their own paths, are influential in driving progress and inspiring the next generation of entrepreneurs.
Livia Voigt (Brazil)
At just 19, Livia Voigt stands as one of the youngest billionaires globally. Her wealth stems from her substantial ownership of WEG, a leading manufacturer of electrical motors in Latin America. Livia Voigt is one of the largest individual shareholders of WEG—the largest manufacturer of electrical motors in Latin America. Her grandfather, Werner Ricardo Voigt, co-founded the company along with late billionaires Eggon Joao da Silva and Geraldo Werninghaus. Despite her significant stake, Livia prioritizes education and holds no executive position within the company.
Livia is focused on her education and is studying psychiatry at a university in Brazil. She has yet to assume a board seat or executive role within the WEG conglomerate. As per GQ, she has a staggering net worth of $1.1 billion (Rs 9,000 crore).
Clemente Del Vecchio (Italy)
Clemente, aged 20, inherits a considerable fortune from his late father, Leonardo Del Vecchio, who chaired EssilorLuxottica until his passing. Following his father’s demise, he acquired 12.5 percent ownership in the Luxembourg-based holding company Delfin. Delfin’s portfolio includes EssilorLuxottica holdings, shares in insurer Generali, banks like Mediobanca and UniCredit, and real estate developer Convivio. Holding a stake in Delfin, Clemente expresses interest in science and technology, aiming to pursue further education in these fields.
Kim Jung-youn (South Korea)
A substantial portion of their stakes has been passed down through their late father, Kim Jung-ju. Kim Jung-ju founded Nexon in 1994 and passed away at 54 in February 2022. Neither Jung-youn nor her sister has been actively engaged in Nexon’s day-to-day operations, and they maintain a low public profile. Together with her sister, Jung-min, Kim Jung-youn, 20, holds a significant share in NXC, the parent company of Nexon, a prominent online gaming giant. Their stake, passed down from their late father, Kim Jung-ju, reflects their family’s legacy in the gaming industry.
Kevin David Lehmann (Germany)
Kevin, 21, possesses a 50% ownership in dm (drogerie markt), Germany’s leading drugstore chain, inherited from his father. Despite his immense wealth, Kevin maintains a low public profile, focusing on preserving his family’s privacy.
Luca Del Vecchio (Italy)
Another beneficiary of his father’s legacy, Luca, 22, holds a stake in Delfin alongside his brother, Clemente. Unlike his sibling, Luca actively engages in the company’s operations as the Chief Strategy Officer.
Luca Del Vecchio is among the six offspring of the late Leonardo Del Vecchio. Following his father’s demise, Luca, like his brother, Clemente, inherited a 12.5 percent stake in the Luxembourg-based holding company Delfin. Delfin’s extensive portfolio encompasses EssilorLuxottica holdings, shares in insurer Generali, banks such as Mediobanca and UniCredit, and the real estate developer Covivio.
Kim Jung-min (South Korea)
Similar to her sister, Jung-youn, Jung-min, 22, maintains a discreet presence despite her significant stake in NXC. The sisters’ inherited wealth underscores their family’s influence in the gaming sector.
Remi Dassault (France)
Remi, 23, hails from the prestigious Dassault family, known for Dassault Aviation. Despite the family’s political and industrial legacy, Remi is carving his own path, contributing to the family’s diversified portfolio.
Zahan Mistry (India)
Zahan, 25, inherits a substantial stake in Tata Sons following his father’s tragic demise. Actively involved in the family’s construction business. He is the son of Cyrus Mistry, the former chairman of Tata Sons. He inherited an 18.4 percent stake in Tata Sons after his father’s demise in 2022 through a car crash. Zahan Mistry is actively involved in the family’s construction empire and owns a 25 percent stake in Shapoorji Pallonji Group.
Dora Voigt de Assis (Brazil)
Dora, the elder sister of Livia Voigt, shares her sibling’s wealth through ownership in WEG. She is also one of the largest individual shareholders of WEG, the largest manufacturer of electrical motors in Latin America. Dora graduated from an architecture college in 2020. Despite her financial standing, Dora prioritizes her education and refrains from executive roles within the company.
Firoz Mistry (India)
Firoz, the elder brother of Zahan, exhibits sharp business acumen inherited from his father. With stakes in Shapoorji Pallonji Group. Firoz Mistry is Zahan Mistry’s elder brother. He also inherited part of his family’s 18.4 percent stake in Tata Sons after their father, Cyrus Mistry, died in 2022. Firoz pursued his education at the University of Warwick. He has sharp entrepreneurial and business acuity and strategic foresight. His portfolio includes 25 percent stakes in Shapoorji Pallonji Group.