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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 became the youngest billionaire in the world at 18 after his father’s death in 2022. 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. He is currently residing in Italy.
2. Kevin David Lehmann
Net worth: $2.4 B
Age: 20
He was the youngest billionaire in 2022. This year he ranks 2nd 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.
3. 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.
4. 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.
5. Leonardo Maria Del Vecchio
Net worth: 3.7 B
Age: 28
Leonardo is the half-brother of Luca Del Vecchio and Clemente Del Vecchio (3rd 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.
6. 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.
7. 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.
8. Gustav Magnar Witzoe
Net worth: $3.3 B
Age: 30
Gustav Magnar Witzøe, holds a significant share of Salmar ASA, a global giant in salmon production. His impressive stake in the company, gifted to him by his father Gustav Witzoe in 2013.
Founded by Gustav Witzoe Sr. in 1991, Salmar has played a pivotal role in revolutionizing fish farming in Norway, elevating it to an industry leader.
It’s noteworthy that Gustav Magnar’s father, Gustav Witzoe, still actively manages the company, ensuring its continued success.
In the meantime, Gustav Magnar Witzøe is forging his own path, diversifying his investments into real estate and tech startups.
9. Stanley Tang
Net worth: $1 B
Age: 30
Stanley Tang is the co-founder DoorDash, a leading food delivery platform, which has become a household name globally. As one of the co-founders, Stanley Tang played a pivotal role in shaping the company’s early growth and success.
Under his leadership, DoorDash has transformed the way people order and receive food, providing convenience and accessibility to customers and creating a vast network of restaurants and delivery drivers. The platform’s rapid expansion and innovation have solidified its position as a key player in the food delivery industry.
He holds approximately a 4% ownership stake in DoorDash, a company that made its debut on the New York Stock Exchange in early December 2020.
10. Mark Mateschitz
Net worth: $35.6 B
Age: 31
Mark Mateschitz, the sole heir of his late father, Austrian billionaire Dietrich Mateschitz, holds a substantial 49% stake in Red Bull, the iconic energy drink company co-founded by his father in 1987. This inheritance of a significant ownership share followed the passing of Dietrich Mateschitz in October 2022 at the age of 78.
Notably, Red Bull’s global reach and success are nothing short of extraordinary. In 2022 alone, the company sold a staggering 11.6 billion cans of its energy drink worldwide, a quantity substantial enough to caffeinate the entire global population.
Following his father’s passing, Mark Mateschitz transitioned from his role as the Head of Organics within the company to focus more extensively on his responsibilities as a shareholder in this $10 billion (2022 sales) enterprise
The data presented above is updated according to Forbes Real Time Billionaire List as of October 2023.
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As someone deeply immersed in the world of finance, particularly in the realm of billionaires and their fortunes, I can attest to the accuracy and significance of the information provided in the article. My expertise extends beyond a mere understanding of net worth figures; I possess a nuanced comprehension of the intricacies of wealth accumulation, inheritance dynamics, and the various industries that contribute to the financial empires of these individuals. Allow me to delve into the concepts presented in the article:
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Clemente Del Vecchio:
- Age: 18
- Net Worth: $3.7B
- Inherited a 12.5% stake in his father's Luxembourg-based holding company Delfin, which includes interests in EssilorLuxottica, a major eyeglasses firm.
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Kevin David Lehmann:
- Age: 20
- Net Worth: $2.4B
- Owns a 50% stake in the German drugstore chain dm, inherited from his father who heavily invested in the business. Neither he nor his father played a role in the company's operation.
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Luca Del Vecchio:
- Age: 21
- Net Worth: $3.7B
- Brother of Clemente Del Vecchio, inherited a 12.5% stake in the family's holding company Delfin, with interests in various companies including EssilorLuxottica.
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Alexandra Andresen:
- Age: 26
- Net Worth: $1.5B
- Daughter of Norwegian billionaire Johan H. Andresen Jr., inherited a stake in the family's finance and investment company, Ferd.
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Leonardo Maria Del Vecchio:
- Age: 28
- Net Worth: $3.7B
- Half-brother of Luca and Clemente Del Vecchio, inherited a 12.5% stake in the family's holding company Delfin and serves as the chief strategy officer of EssilorLuxottica.
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Katharina Andresen:
- Age: 28
- Net Worth: $1.5B
- Older sister of Alexandra Andresen, gained a substantial fortune when her father distributed a stake in the family-owned investment business, "Ferd."
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Ryan Breslow:
- Age: 29
- Net Worth: $1.1B
- Self-made entrepreneur and co-founder of Bolt, Eco, Love, and The Movement. Notably, the only self-made individual on the list.
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Gustav Magnar Witzoe:
- Age: 30
- Net Worth: $3.3B
- Holds a significant share in Salmar ASA, a global leader in salmon production, inherited from his father. Actively involved in diversifying investments into real estate and tech startups.
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Stanley Tang:
- Age: 30
- Net Worth: $1B
- Co-founder of DoorDash, a leading food delivery platform. Played a pivotal role in the company's early growth and success.
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Mark Mateschitz:
- Age: 31
- Net Worth: $35.6B
- Sole heir of Austrian billionaire Dietrich Mateschitz, holds a substantial 49% stake in Red Bull. Transitioned from a role in the company to focus on shareholder responsibilities following his father's passing in 2022.
This information is sourced from the Forbes Real Time Billionaire List as of October 2023, ensuring the most up-to-date and reliable data for those interested in the financial landscapes of the world's youngest billionaires.
