All Young Billionaires (Under 30): Inheritances (Forbes 2024)
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
Rich Kids of the World
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| Richest 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.
Top 25 Richest Billionaires in the World 2024 (Under 33)
Forbes said that almost 25 of the world's richest young billionaires have had their assets increase in the past year.
1. Evan Spiegel (33 years old)
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| Evan Spiegel |
-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.
2. John Collison (33 years old)
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| John Collison |
-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.
3. Shunsaku Sagami (33 years old)
-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.
4. Jonathan Kwok (32 years old)
-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.
5. Mark Mateschitz (31 years old)
-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.
6. Ben Francis (31 years old)
-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.
7. Andy Fang (31 years old)
-Assets: 1.2 billion USD
-Source of profit: DoorDash
8. Michal Strnad (31 years old)
-Assets: 4.4 billion USD
-Source of profit: Weapons
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9. Palmer Lucky (31 years old)
-Assets: 2.3 billion USD
-Source of profit: Virtual Reality
10. Stenley Tang (31 years old)
-Assets: 1.2 billion USD
-Source of profit: DoorDash
11. Gustav Magnar Witzoe (30 years old)
-Assets: 4.2 billion USD
-Source of profit: Salmar
12. Sophie Luise Fieldan (29 years old)
-Assets: 2.7 billion USD
-Source of profit: Optometry
13. Leonardo Maria Del Vecchio (28 years old)
-Assets: 4.7 billion USD
-Source of profit: Eyeglasses
14. Katharina Andresen (28 years old)
-Assets: 1.7 billion USD
-Source of profit: Ferd
15. Alexandra Andresen (27 years old)
-Assets: 1.6 billion USD
-Source of profit: Ferd
16. Firoz Mistry (27 years old)
-Assets: 4.9 billion USD
-Source of profit: Tata Sons
17. Dora Voigt de Assis (26 years old)
-Assets: 1.1 billion USD
-Source of profit: WEG
18. Zahan Mistry (25 years old)
-Assets: 4.9 billion USD
-Source of profit: Tata Sons
19. Remi Dassault (22 years old)
-Assets: 2.5 billion USD
-Source of profit: Dassault Systèmes, Dassault Aviation
20. Luca Del Vecchio (22 years old)
-Assets: 4.7 billion USD
-Source of profit: Delfin
21. Kim Jung-min (22 years old)
-Assets: 1.4 billion USD
-Source of profit: Nexon
22. Kevin David Lehmann (21 years old)
-Assets: 3.3 billion USD
-Profit source: dm-drogerie markt
23. Kim Jung-youn (20 years old)
-Assets: 1.4 billion USD
-Source of profit: Nexon
24. Clemente Del Vecchio (19 years old)
-Assets: 4.7 billion USD
-Source of profit: Delfin
25. Livia Voigt (19 years old)
-Assets: 1.1 billion USD
-Source of profit: WEG
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