Meet the World’s Youngest Billionaires of 2024: Becoming a billionaire is an extraordinary achievement, especially when you're young. While the average billionaire is 66 years old, this year's Forbes’ World’s Billionaires list showcases a remarkable group of individuals who have amassed incredible wealth before even reaching their mid-thirties.

The 25 youngest billionaires on the list are all 33 or younger, with a combined net worth of $110 billion. Among them are self-made entrepreneurs like Evan Spiegel, aged 33, the creator of Snap; Ben Francis, aged 31, founder of Gymshark; and Palmer Luckey, aged 31, the mind behind Oculus VR.

However, for the first time in over a decade, every billionaire under 30 has inherited their fortune. This shift is attributed to some self-made entrepreneurs transitioning into their thirties and signifies the beginning of a significant "great wealth transfer."

Topping the list as the youngest billionaire globally is 19-year-old Livia Voigt from Brazil. Despite still being in college, she's worth an estimated $1.1 billion, thanks to her stake in WEG, an electrical equipment producer cofounded by her late grandfather. Livia, along with her 26-year-old sister Dora, is among the seven newcomers among the youngest billionaires, with 18 heirs in total in this category.

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Among the heirs, the Mistry brothers from Ireland stand out, aged 25 and 27, each worth an estimated $4.9 billion due to their stakes in Tata Sons, a conglomerate based in Mumbai. Their inheritance came after the passing of their father, Cyrus Mistry, in 2022.

Similarly, Clemente Del Vecchio, aged 19 from Italy, inherited a significant stake in EssilorLuxottica, the maker of Ray-Ban, following the death of his father. The Fielmann siblings from Germany also received substantial inheritances from their father's eyeglasses fortune.

These inheritances mark the beginning of a much-anticipated generational wealth transfer worldwide. With trillions expected to change hands annually as affluent elders pass away, heirs like Sophie Luise Fielmann are set to inherit substantial fortunes.

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While many of the youngest billionaires are heirs, there are a few self-made success stories, such as Shunsaku Sagami from Japan, aged 33. His company, M&A Research Institute Holdings, propelled him into the billionaire ranks with a stock surge of over 800% since going public in 2022.

However, accumulating wealth at a young age doesn't guarantee its longevity. As seen with Ryan Breslow, who lost his status as the youngest self-made billionaire last year due to financial missteps, holding onto wealth requires skill and strategy.

Despite the challenges, nearly all of the youngest billionaires have seen an increase in their wealth compared to the previous year. With 60% of them hailing from Europe and the remainder from various parts of the world, the 2024 list reflects a diverse and dynamic group of individuals achieving unprecedented financial success at a young age.

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