Young and Rich: Forbes Releases 2024 Billionaires List featuring Under-20 Year Olds Inheriting Wealth

The World’s Billionaires List for 2024 has been released by Forbes, featuring a total of 2,781 names. Among the youngest billionaires on this list are two individuals under the age of 20. Clemente Del Vecchio and Livia Voigt are both 19 years old and inherited their wealth from their fathers.

Clemente Del Vecchio owns a 12.5% stake in Delfin, a holding company based in Luxembourg that he inherited from his father, Leonardo Del Vecchio, who founded EssilorLuxottica, the world’s largest producer and retailer of glasses and frames. Livia Voigt is the main shareholder of WEG Industries, a company in Brazil known for manufacturing electric motors, founded by her grandfather, Werner Ricardo Voigt, in 1961.

There are a total of 25 billionaires on the 2024 list who are 33 years old or younger, with a collective net worth of $110 billion. Most of these billionaires did not create their wealth themselves, except for a few who are older than 30. Forbes reports that there is more information about the youngest billionaires on their official website, including details about their methodology for calculating net worth.