Today we are taking a look at the top 10 youngest billionaires in the world, their net worth, their age, their source of wealth, and more. Let’s start with the youngest billionaire in the world;
1. Clemente Del Vecchio
Net worth: $3.7B
Age: 18
Clemente Del Vecchio is one of six children of Leonardo Del Vecchio, the late chairman (d. 2022) of EssilorLuxottica, the world’s largest eyeglasses firm. The company that owns Ray Ban amongst other eyewear brands.
He inherited a 12.5% stake in his father’s Luxembourg-based holding company Delfin which has stakes in various company part from the eyewear brand such as insurer Generali, banks Mediobanca and UniCredit, and real estate developer Covivio.
After his father’s death in 2022, he became the youngest billionaire in the world at 18. He is currently residing in Italy.
2. Kim Jung-youn
Net worth: 1.8 B
Age: 19
Kim Jung-youn and her older sister, Jung-min, each own about 31% of NXC, which is the largest shareholder in online gaming giant Nexon. She and her sister inherited the majority of the stake after their father died in 2022. He founded the company, Nexon in 1994.
The sisters have stayed away from the media and have no official picture as of June 2023.
3. Kevin David Lehmann
Net worth: $2.4 B
Age: 20
He was the youngest billionaire in 2022. This year he ranks 3rd on the list.
Kevin David Lehmann’s worth is a combination of family money and investment turned into a fortune. His net worth comes from owning a 50% stake in the German drugstore chain called dm (drogerie markt).
His father was a businessman and invested heavily in the drugstore chain. He then transferred his share of the company to his son. Interestingly, both he nor his father ever had any role in the operation and management of the company. They were only investors.
4. Luca Del Vecchio
Net worth: 3.7 B
Age: 21
Luca is the brother of Clemente Del Vecchio (number one on the list) and one of six children of Leonardo Del Vecchio, the late chairman (d. 2022) of EssilorLuxottica, the world’s largest eyeglasses firm.
He inherited a 12.5% stake in his father’s Luxembourg-based holding company Delfin which has stakes in various company part from the eyewear brand such as insurer Generali, banks Mediobanca and UniCredit, and real estate developer Covivio.
He resides along with his brother in Milan, Italy.
5. Kim Jung-min
Net worth: 1.4 B
Age: 21
Kim is the older sister of Kim Jung-youn (2nd on the list) who also inherited about 31% stakes of NXC, which is the largest shareholder in online gaming giant Nexon. Her sister inherited the majority of the stake after their father died in 2022. He founded the company, Nexon in 1994.
They are currently residing in South Korea. The sisters have stayed away from the media and have no official picture as of April 2023.
6. Alexandra Andresen
Net worth: $1.5B
Age: 26
Alexandra Andresen is the daughter of Norwegian billionaire Johan H. Andresen Jr., who owns multiple businesses in Norway. They are the owner of the finance and investment company called Ferd.
She became the youngest billionaire in 2016 when her father transferred the company’s stake to both of his daughters. Her sister Katharina is also on the list of the youngest billionaire.
7. Wang Zelong
Net worth: $1.2 B
Age: 26
Wang Zelong is a 26-year-old Chinese citizen who inherited a stake worth more than US$1.3 billion in CNNC Hua Yuan Titanium Dioxide Co., a chemical company listed on the Shenzhen Stock Exchange.
He is Asia’s youngest billionaire. Over the years he has kept his profile low and has no social media presence.
8. Leonardo Maria Del Vecchio
Net worth: 3.7 B
Age: 28
Leonardo is the half-brother of Luca Del Vecchio and Clemente Del Vecchio (4th and 1st on the list) and is one of six children of Leonardo Del Vecchio, the late chairman (d. 2022) of EssilorLuxottica, the world’s largest eyeglasses firm.
He inherited a 12.5% stake in his father’s Luxembourg-based holding company Delfin after his death.
He serves as the chief strategy officer of EssilorLuxottica. He is also the CEO of eyeglasses retailer Salmoiraghi & Viganò, which EssilorLuxottica acquired in 2016.
9. Katharina Andresen
Net worth: $1.5 B
Age: 28
Katharina Andresen is the older sister of Alexandra Anderson and 4th youngest billionaire on the list. The Norwegian heiress gained a substantial fortune when her father distributed 42% of the stake in the family-owned investment business, “Ferd”.
The Anderson family is well-known in Norway for their tobacco business. The family sold their stake in the tobacco business in 2005.
10. Ryan Breslow
Net worth: $1.1 B
Age: 29
The only self-made person on the list, Ryan Breslow is an American entrepreneur and co-founder of multiple companies including Bolt, Eco, Love, and The Movement. He is a Stanford dropout.
His company Bolt is valued at $11 Billion and he offers 4 day work week to all his employees. His personal net worth is $1.1 Billion.
The data presented above is according to Forbes as of April 2023.
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EZEUBA EMMANUEL
July 3, 2023 AT 00:09
I pray I be among this set of people some day 🙏
Timothy Barton Jr
July 3, 2023 AT 11:32
How Much you have to pay