Top 25 Young Billionaires in the World (Under 33): All Thanks to… Inheritance

Top 25 Young Billionaires in the World (Under 33): All Thanks to… Inheritance

Some billionaires aged 30-33 are self-made, such as founders Even Spiegel (Snap-33), Ben Francis (Gymshark-31), and Palmer Luckey (Oculus VR-31). Almost all young people under the age of 30 are wealthy because of inheritance or family support.

For the first time in 15 years, no self-made billionaire under the age of 30 is on the Forbes list. As a result, it depicts the period in which large families and super billionaires gradually transfer their assets to the next class.

Learn more: Top 11 Countries Have The Most Billionaires in The World

This year’s youngest billionaire on Forbes’ list is Livia Voigt of Brazil. This “lady” is only 19 years old and still attending university. Ms. Livia’s total assets are approximately 1.1 billion USD, as she inherited shares of electrical equipment manufacturer WEG from her grandfather, the group’s founder.

Livia and her sister Dora Voigt de Assis (26 years old) are new additions to Forbes’ list of the world’s richest young billionaires.

The Mistry brothers of Ireland top this list in terms of wealth. Both aged 25-27 have total assets of up to 4.9 billion USD as a result of inheriting Tata Sons shares from their father Cyrus Mistry, who died in 2022.

Similarly, 19-year-old Mr. Clemente Del Vecchio of Italy inherited shares from a deceased relative. There have also been numerous other similar inheritance cases, resulting in a slew of young billionaires under the age of thirty.

This data indicates that the period of wealth transfer for tycoons and families is beginning as their predecessors age.

According to a report by the US Federal Reserve (FED), the generation born after 1964 owns up to 95.9 trillion USD in assets, out of a total of 147.1 trillion USD. As a result, trillions of dollars will be inherited and exchanged annually in various forms.

For example, billionaires such as Charles Koch (Koch Industries – 88 years old) and Phil Knight (Nike – 86 years old) are preparing to pass on their assets to the next generation.

Meanwhile, self-made billionaires such as Snap’s Bobby Murphy (35 years old) and Meta’s Mark Zuckerberg (39 years old) are aging and leaving no successors.

Forbes said that almost 25 of the world’s richest young billionaires have had their assets increase in the past year.

-Assets: 3.1 billion USD

-Source of profit: Snapchat

Spiegel himself dropped out of Stanford University to start Snapchat with friends in 2011 and became a billionaire at the age of 25.

-Assets: 7.2 billion USD

-Source of profit: Stripe

In 2007, John and his brother Patrick launched a company called Auctomatic, which they later sold to eBay for $5 million USD. John was only in middle school at the time. Subsequently, he left Harvard University to concentrate on developing the online payment platform, Stripe. When John, then 26 years old, founded this company in 2016, it was valued at $9.2 billion.

-Assets: 1.9 billion USD

-Source of profit: M&A Brokerage

Mr. Sagami founded M&A Research in 2018 using artificial intelligence to provide strategic advice to small and medium-sized enterprises in Japan, where aging owners have no successors. In April 2023, Mr. Sagami officially became a billionaire when the M&A Research stock price increased sharply.

-Assets: 2.4 billion USD

-Source of profit: Sun Hung Kai

Mr. Kwok and his brother Geofrey inherited shares from their father Walter Kwok after his death in 2018.

-Assets: 39.6 billion USD

-Source of profit: Red Bull

Mr. Mark inherited 49% of Red Bull shares from his father Dietrich Mateschitz after his death in 2022. The company’s revenue reached 11.6 billion USD in 2023 with 12.1 million cans of energy drinks consumed.

-Assets: 1.3 billion USD

-Source of profit: Gymshark

Ben and his friend started the website Gymshark when Ben was a 19-year-old student working as a pizza delivery guy. Their focus was on purchasing functional foods in bulk for resale, but they eventually branched out to include fashion. For $1.5 billion, this startup was sold to General Atlantic in 2020. Francis is still the CEO and still owns 70% of the company.

-Assets: 1.2 billion USD

-Source of profit: DoorDash

-Assets: 4.4 billion USD

-Source of profit: Weapons

Who are the youngest, richest people in the world today? Following is the ranking of Top 10 world billionaires under 30 years old by Forbes …

-Assets: 2.3 billion USD

-Source of profit: Virtual Reality

-Assets: 1.2 billion USD

-Source of profit: DoorDash

-Assets: 4.2 billion USD

-Source of profit: Salmar

-Assets: 2.7 billion USD

-Source of profit: Optometry

-Assets: 4.7 billion USD

-Source of profit: Eyeglasses

-Assets: 1.7 billion USD

-Source of profit: Ferd

-Assets: 1.6 billion USD

-Source of profit: Ferd

-Assets: 4.9 billion USD

-Source of profit: Tata Sons

-Assets: 1.1 billion USD

-Source of profit: WEG

-Assets: 4.9 billion USD

-Source of profit: Tata Sons

-Assets: 2.5 billion USD

-Source of profit: Dassault Systèmes, Dassault Aviation

-Assets: 4.7 billion USD

-Source of profit: Delfin

-Assets: 1.4 billion USD

-Source of profit: Nexon

-Assets: 3.3 billion USD

-Profit source: dm-drogerie markt

-Assets: 1.4 billion USD

-Source of profit: Nexon

-Assets: 4.7 billion USD

-Source of profit: Delfin

-Assets: 1.1 billion USD

-Source of profit: WEG

The majority of the world’s tycoon families have beautiful and talented “princesses.” Let’s talk about ten extremely attractive and talented billionaire daughters.

These habits are not the result of inherited traits but are principles anyone can adopt to pursue their own path to success and wealth.

This year has seen an increase in the wealth of technology billionaires due to the explosion of artificial intelligence (AI).

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