Wang is the world’s youngest self-made billionaire thanks to his artificial intelligence unicorn Scale AI, which raised $1 billion at a $13.8 billion valuation in May. Forbes estimates that he has a 14% stake in the company, which labels the data used to train the AI for large language models (including ChatGPT) and self-driving cars. He cofounded Scale, which now counts Microsoft, General Motors and Meta among its customers, with Lucy Guo in 2016, after dropping out of MIT following his freshman year. Zahan Mistry is the son of Cyrus Mistry, who oversaw Tata Sons at one point. Zahan received 18.4% of Tata Sons upon his dad’s death in a 2022 vehicle accident. He owns a large portion, perhaps 25% of the Shapoorji Pallonji Group and is rather busy running the family’s building company.

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. They received their minority stakes in Tata after the 2022 death of their father, Cyrus Mistry, who died less than three months after their revered grandfather Pallonji Mistry. On Tuesday, Forbes released the annual World’s Billionaires list.

Age: 23 Citizenship: Germany Source of Wealth: Pharma Net Worth: $5.4 Billion

Overall, these 23 have amassed $96.2 billion in wealth, mainly from the finance, energy and technology sectors. He owns nearly half of salmon farming company SalMar ASA, inherited from his father Gustav Witzoe, but does not have an operating role. Instead, he’s casting his line as a real estate and tech startup investor. That includes Ben Francis, who founded activewear maker Gymshark in 2012, when he was 19, and Palmer Luckey, who sold his first startup to Facebook and is back with a successful defense tech business. The mean age for billionaires, according to Forbes, is 66 years. So, it’s amazing to see young people who are under 35 years old becoming billionaires.

Age: 24 Citizenship: Germany Source of Wealth: Chainsaws Net Worth: $1.1 Billion

Kevin David Lehmann, aged 20, inherited 50% of the German drugstore chain dm-drogerie Markt from his father. This substantial stake in a retail giant has secured Kevin’s position as one of the world’s youngest billionaires. Wang Zelong, 26, has acquired considerable wealth from his stake in CNNC Hua Yuan Titanium Dioxide, a leading pigment production company. His business acumen and strategic investments have propelled him into the ranks of the world’s youngest billionaires.

• Sophie and her older brother Marc inherited much of their late father Günther Fielmann’s fortune when he died last year.
• At just 25, Spiegel co-founded Snapchat and quickly ascended to billionaire status.
• He co-founded Carvana, an online platform for buying and selling used cars, which went public in 2017 under his leadership.
• He is the chief strategy officer of EssilorLuxottica, the largest eyeglasses company in the world and the owner of Ray-Ban, which his father chaired until his death in June 2022.

He and Firoz have been taking on leadership roles in the debt-laden SP Group and helping to reorganize it in the wake of their father’s death. Though he and his brothers are Irish citizens, they live in Mumbai, where both the SP Group and Tata are based. David Steward, an American IT entrepreneur, is the second richest, worth an estimated $11.4 billion. Private equity billionaire Robert F. Smith is the third-wealthiest Black billionaire, with an estimated net worth of $10.8 billion.

Finally, the last person to be on our list is Gustav Magnar Witzøe, a citizen of Norway. He owns 50 percent of Salmar ASA, one of the world’s largest salmon producers. He received his stake in the year 2013 from his father, Gustav Witzøe, who founded the company in 1991. Zahan Mistry is the son of Cyrus Mistry, the former chairman of Tata Sons. He inherited an 18.4 percent stake in Tata Sons after his father’s demise in 2022 through a car crash.

Tata Sons has businesses in important areas like steel, cars, IT, and energy. Zahan’s inheritance makes him very important in India’s industry, with a wealth of $4.6 billion. He and his brother and half-brother (below and above) are the richest of the 30-and-unders, thanks to their minority stakes in the eyeglasses behemoth EssilorLuxottica. Their family holding entity Delfin also owns stakes in a variety of other companies based in Italy and France, including the bank UniCredit and the insurer Generali.

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At just 19 years old, Livia Voigt from Brazil is the youngest billionaire in the world in 2024. She inherited her wealth from her grandfather, Werner Ricardo Voigt, a founder of WEG, a big company that makes electrical equipment. So yes, if you consider inherited money to be counted as someone’s net worth, then for sure, Livia Voigt is THE youngest billionaire in the world as of April 2024. Livia owns a small part of WEG, and her wealth is about $1.1 billion. Although she is very wealthy, she is still studying psychology in college. He and his brother Luca (above) are the two children his late father had with the company’s former head of investor relations, Sabina Grossi.

So no wonder why he is on this list of the youngest billionaires in the world. This wealth came from his father, Leonardo Del Vecchio, a famous business leader. Clemente is interested in science and technology and is focusing on his studies while staying away from the business world.

Today’s youthful billionaires are not only creating empires but also influencing the future, regardless of how they came by their riches. They remind us that, when pursued with fervour and tenacity, dreams can come true. It’s a rare feat to become a billionaire, especially at a young age. The average billionaire is 66, and the oldest person in the ranks is 102. Perry, who has built a platform as the second highest-paid TV showrunner, achieved top 10 youngest billionaires in the world billionaire status in 2020. He is best known for his “Madea” movie franchise, which has grossed more than $660 million.

Firoz Mistry, age 27, net worth: $4.9 billion

Did you know that there are more than 2700+ billionaires in the world right now? Yes, that’s 100% true, but you’ll be even more surprised to know that some of these billionaires are very young, as young as just 19 years old. If that has got you curious already then keep on reading because we are about to take a good look at the list of the top 10 youngest billionaires in the world as of 2024. Let’s see who they are, how they became billionaires at such a young age, and what they are into right now.

Net Worth: $2.5 billion Source of Wealth: Music Citizenship: U.S.

Wang’s fortune comes from a stake in Shenzhen-listed traded company CNNC Hua Yuan Titanium Dioxide—a chemical used to create white pigment for things like paint and paper. With that said, here are the 10 youngest billionaires in Africa early in 2025, according to Forbes’ real-time billionaire index. Furthermore, enormous wealth typically comes with political influence, and a new generation of young billionaires has the potential to change Africa’s political dynamics. Younger billionaires, on the other hand, are more inclined to adopt more adaptable, tech-driven, and decentralized company models.

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Kim Jung-youn owns 9% of NXC, the largest shareholder in online gaming company Nexon, along with her sister. Despite their significant ownership, there is little public information about them. Remi Dassault, who is 23, comes from a well-known French family that has a long history in aerospace and defense. The Dassault family started with Marcel Dassault, Remi’s great-grandfather, who created Dassault Aviation. Remi got his wealth after his father, Olivier Dassault, died in a helicopter crash in 2021.

• Stake’s popularity has blown up since the pandemic thanks in part to livestreamers filming themselves gambling on it.
• Now it’s grown to have a presence in over 160 countries, though it remains entirely family-owned.
• He holds the ninth position in our list of youngest billionaires.
• You will be excited to find out people as young as 18 years of age have become billionaires.

Katharina is a sustainability officer at an Oslo-based construction firm. Born in Ireland, Collison became a billionaire at age 26 with the success of Stripe, a payment software company he co-founded with his brother. Spiegel dropped out of Stanford to start Snapchat with his fraternity brothers Bobby Murphy and Reggie Brown in 2011 and became a billionaire by the age of 25. Now he and Murphy, 35, together own about a quarter of publicly traded Snap Inc., which generated $4.6 billion in revenue last year. In 2022, he paid off the student loan debt for the entire graduating class of the Otis College of Art and Design, where he’d taken classes during high school.

Dora is one of the youngest granddaughters of Werner Ricardo Voigt, co-founder of Brazilian electrical equipment company WEG. She holds a 3.1% stake in WEG but doesn’t hold an executive position despite having a degree in architecture. Another Del Vecchio sibling on the list of youngest billionaires. At 22, Luca Del Vecchio inherited a 12.5% stake in Delfin, just like Clemente Del Vecchio. You will be excited to find out people as young as 18 years of age have become billionaires. There are so many billionaires who gained their wealth before turning 30.