Forbes Releases 2024 World’s Billionaires List, Showcasing Youngest Billionaires

Forbes has recently released its 2024 World’s Billionaires list, showcasing the youngest billionaires who have amassed significant wealth at a remarkably early age. The list reveals that the 25 youngest individuals on the Forbes’ World’s Billionaires list are all 33 or younger, collectively possessing a staggering net worth of $110 billion.

Among these young billionaires, a few have achieved their wealth through self-made endeavors, such as Evan Spiegel (33) of Snap, Ben Francis (31) of Gymshark, and Palmer Luckey (31) of Oculus VR. However, it is noteworthy that for the first time since 2009, every billionaire under 30 has inherited their fortune, signaling the commencement of the ‘great wealth transfer’ as self-made entrepreneurs age into their 30s.

At the forefront of this group is Brazil’s Livia Voigt, aged 19, who has amassed an estimated $1.1 billion through her minority stake in the electrical equipment producer WEG, co-founded by her late grandfather. Joining her among the 25 youngest billionaires are her older sister, Dora Voigt de Assis, aged 26, and a total of 18 heirs.

Notably, the Mistry brothers from Ireland, aged 25 and 27, have each accumulated an estimated $4.9 billion, attributed to their minority stakes in the Mumbai-based conglomerate Tata Sons, inherited following the passing of their father, Cyrus Mistry, in 2022.

These young billionaires are indicative of the evolving landscape of wealth accumulation, with a growing number of heirs and inheritors making their mark on the global billionaire rankings. As the ‘great wealth transfer’ gains momentum, it will be intriguing to observe the continued emergence of young individuals amassing substantial fortunes in the years to come.


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