But, there are only two teenagers in the list of the world’s youngest billionaires from Brazil and Italy.
Livia Voigt and Clemente Del Vecchio make their fortune from industrial machinery and eyeglasses respectively.
Forbes which listed female billionaires in the latest edition also revealed the youngest billionaires, but five are discussed below in this article.
1. Kim Jung-min
Kim Jung-min is a 22-year-old South Korean with a net worth of $1.4 billion making her fortune from online gaming.
She and her sister Jung-youn each own approximately 9% of the South Korean-Japanese online gaming publisher Nexon, founded by their late father Kim Jung-ju in 1994. They inherited their stakes upon his death at age 54 in 2022.
Nexon’s hit role-playing video game MapleStory, released in 2003, helped popularize the free-to-play model whereby users paid only for cosmetic, nonessential accessories for their characters. Neither she nor her sister has a role in the company.
2. Kevin David Lehmann
Kevin David Lehmann is a 21-year-old from Germany. The source of his wealth is drugstores with a net worth of $3.3 billion.
His father gave him his 50% stake in Germany’s leading drugstore brand, dm-drogerie markt, when he was just 14.
Neither he nor his father are operationally involved in dm, and they intentionally keep a low profile.
The drugstore chain has over 4,000 stores across Europe and recorded revenue of about $17 billion for the 2023 fiscal year.
3. Kim Jung-youn
Another person on the list of the world’s youngest billionaires is Kim Jung-youn. She is a 20-year-old Korean with a net worth of $1.4 billion making her wealth from online gaming.
She and her sister hold 9% stakes in game developer Nexon, mostly through the holding company NXC and another called Wise Kids.
Those assets, plus millions in dividends, make up the bulk of their fortunes. They paid a hefty inheritance tax after their father’s 2022 death in the form of NXC shares that gave the government a 29.3% stake in the company. The sisters now own 36.7%.
4. Clemente Del Vecchio
Clemente Del Vecchio is a 19-year-old Italian billionaire on the list of richest people in the world with a net worth of $4.7 billion.
He is the third Del Vecchio sibling and the fourth heir to an eyeglasses fortune among the 33-and-under set.
Like his brothers, he owns 12.5% of the holding company Delfin, which has stakes in a range of companies that include the Ray-Ban producer EssilorLuxottica. The three brothers currently reside in Milan.
5. Livia Voigt
Livia Voigt is a 19-year-old billionaire from Brazil with a net worth of $1.1 billion made from industrial machinery.
Nineteen until July, and two months younger than Clemente Del Vecchio, she is the world’s youngest billionaire.
Like her sister Dora, she owns 3.1% of WEG and has pulled in millions from dividends. She is currently enrolled in university and is completing coursework in psychology.
Source: The Vanguard
