He inherited an 18.4 percent stake in Tata Sons after his father’s demise in 2022 through a car crash. Zahan Mistry is actively involved in the family’s construction empire and owns a 25 percent stake in Shapoorji Pallonji Group. As part of its debt reduction strategy, the group intends to list Afcons Infrastructure, a privately held construction and engineering company, for an eye-watering $850 million.

Based in Hangzhou, the company made the country’s biggest acquisition of a foreign carmaker when it bought Volvo for US$1.8 billion in 2010. Zhong studied English at the University of California, Irvine and graduated in December 2011. In 2014, he joined his dad’s business, Nongfu Spring, China’s largest bottled water maker. The Queen Mary University, London graduate worked as a director, assistant president, and general manager of leading Chinese silicon producer Tongwei’s PV business department.

The rest are from Brazil, South Korea and Hong Kong (all heirs), or Japan and the United States (all self-made). The youngest billionaires are capturing headlines with their extraordinary fortunes and burgeoning business empires. While the role of nepotism, wealth transfer and privilege is a notable factor in their success, these young individuals are also shaping the future of industry and commerce. Sisters Kim Jung-min and Kim Jung-youn, who inherited a stake in the Nexon gaming empire from their father, now own approximately 9 percent of the company. These young billionaires are leveraging their inherited assets and making strategic investments to expand their influence and continue growing their business interests.

WEG exports to over 135 countries and is one of the world’s biggest electric motor manufacturers. Just 19 years old and still in college, she’s worth an estimated $1.1 billion thanks to her minority stake in the electrical equipment producer WEG, which her late grandfather cofounded. She and her older sister, Dora Voigt de Assis, 26, are two of seven fresh faces among the 25 youngest billionaires, and two of 18 heirs among this set. A citizen of Norway, Katharina is 28 years old and has a net worth of $1.7 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.

Age: 40 Net worth: $181 billion Source of wealth: Facebook

Though he has top 10 youngest billionaires in the world inherited this fortune, he has a keen interest in science and technology and desires to attend college and pursue a career in these fields. A record total of 1,426 people made the 2013 list, representing $5.4 trillion of assets.34 Of those, 442 billionaires hailed from the United States.32 The Asian-Pacific region had 386 billionaires and Europe 366. The list also featured a record number of newcomers, 210, representing 42 countries.

Age: 27 Citizenship: Ireland Source of Wealth: Diversified Net Worth: $4.9 Billion

She then worked as an analyst at an investment firm before joining Hansoh, a Chinese maker of psychotropic drugs, in 2011. Fan worked as an accountant before starting a Suzhou-based textile and silk trading business with Chen. The era of Gen Z leaders and billionaires is poised to redefine the landscape of power and influence with a leadership style that breaks free from tradition.

Alongside Brian Chesky and Joe Gebbia, Nathan Blecharczyk is a cofounder of the wildly successful app-based hospitality company Airbnb. He currently serves as chief strategy officer, and helped lead the company through a massive business downturn caused by the global pandemic. Taking first on this list of the young and wealthy, is the 29-year-old Bobby Murphy, CTO and cofounder of Snapchat– alongside Evan Spiegel. The person who doesn’t make the list is Reggie Brown, the third cofounder of the mobile application.

1. She is currently enrolled in university and is completing coursework in psychology.
2. The richest person on the planet is the majority owner of the luxury goods conglomerate LVMH, Bernard Arnault.
3. From Clemente Del Vecchio to Alexandra Andresen, know who are the billionaires in the list.
4. He was only 19 when his father gifted him nearly half of the fish farming behemoth SalMar.
5. Collison is one of the few billionaires in this list that entirely owes his fortune to his own efforts.
6. Delfin’s extensive portfolio encompasses EssilorLuxottica holdings, shares in insurer Generali, banks such as Mediobanca and UniCredit, and the real estate developer Covivio.
7. They each own 3.1% of WEG, slightly less than the 3.9% stakes owned by their older cousins Eduardo and Mariana.

Age: 22 Citizenship: Italy Source of Wealth: Eyeglasses Net Worth: $4.7 Billion

Her great-great-great grandfather purchased the tobacco producer Tiedemanns Tobaksfabrik in 1849 and built it into a family cigarette empire that lasted until Andresen’s father sold it in 2005. Now the family focuses on its investment firm Ferd, which deals primarily in real estate and private Nordic companies, including the oil service business Interwell and Norway’s largest private medical laboratory. After gaining experience as a board observer for several years, she became a member of the board in June. 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. Del Vecchio, his mother and his six half-siblings all inherited a 12.5% stake in the family’s Luxembourg-based holding company Delfin, which owns nearly a third of EssilorLuxottica. Sophie’s father, Günther Klaus Fielmann, was a German billionaire businessman, founder, and majority owner of Fielmann, a German optics company focusing on retail eyewear.

Like Zuckerberg, Spiegel has managed to avoid losing control of the social media service he cofounded. Dustin Moskovitz, who is one of the cofounder of Facebook, owns an estimated 2% stake in his former employer. After leaving Facebook, Moskovitz went on to cofound Asana, which makes and sells workplace organization software.

1. This article was amended on 3 April 2024 to remove a mistaken reference to Charles Koch’s younger brother David, who died in 2019.
2. In this exclusive club of young wealth, life is undoubtedly different.
3. The founders of Google, Sergey Brin and Larry Page, became billionaires at age 30.
4. The company uses AI to advise small- and medium-scale enterprises with aging owners who have no one lined up to take over.
5. Clemente is the third Del Vecchio sibling to own a share of the Ray-Ban producer EssilorLuxottica.
6. Edging out Italian youngster Clemente Del Vecchio, Livia boasts a net worth of $1.1 billion, a testament to her family’s influence in Latin America’s business arena.

However, some self-made young billionaires have also had to navigate the complexities of entrepreneurship and innovation. Their journeys are characterised by determination, resilience, and the ability to seize opportunities. Her father founded Trina Solar, one of the world’s largest solar product manufacturers, in 1997. Ernest Garcia III is the founder of Carvana, an online service that took the used car buying experience from local to national.