GenZ Billionaires 2024: Introduction
As the world keeps evolving, so does the landscape of wealth. This year, the list of the youngest billionaires in the world includes dynamic individuals from various industries and backgrounds. These young moguls, many of whom have inherited significant fortunes, are making their mark in the business world. Here’s a look at the top 10 GenZ billionaires of 2024:
1. Firoz Mistry, Age- 27 (Ireland)
Net Worth: $4.9 Billion | Source of Wealth: Diversified
Firoz Mistry, alongside his brother Zahan, holds a 4.6% stake in Tata Sons, an Indian conglomerate with 29 public companies, including Tata Consultancy and Tata Motors. They inherited their stakes after their father and grandfather passed away in 2022. Firoz, with his brother, is also involved in the Shapoorji Pallonji Group, managing its reorganization.
2. Dora Voigt de Assis, Age- 26 (Brazil)
Net Worth: $1.1 Billion | Source of Wealth: Industrial Machinery
Dora and her sister Livia inherited their fortune from their grandfather, Werner Ricardo Voigt, the co-founder of WEG. Each owns a 3.1% stake in WEG, a leading global electric motor manufacturer. Despite their significant shares, neither sister is involved in the company’s operations.
3. Zahan Mistry, Age- 25 (Ireland)
Net Worth: $4.9 Billion | Source of Wealth: Diversified
Zahan, like his brother Firoz, inherited a 4.6% stake in Tata Sons and a 25% stake in Shapoorji Pallonji Group. Both brothers are taking leadership roles in the debt-laden SP Group. They live in Mumbai, overseeing their business interests in both Tata and SP Group.
4. Remi Dassault, Age- 22 (France)
Net Worth: $2.5 Billion | Source of Wealth: Inherited
Remi Dassault inherited his wealth from his father, who passed away in a helicopter accident in 2021. His fortune includes stakes in Dassault Systèmes and Dassault Aviation, companies founded by his great-grandfather, a Holocaust survivor who significantly contributed to aviation technology during WWI.
5. Luca Del Vecchio, Age- 22 (Italy)
Net Worth: $4.7 Billion | Source of Wealth: Eyeglasses
Luca owns 12.5% of Delfin, the holding company with stakes in EssilorLuxottica and other financial institutions. Despite his substantial ownership, Luca has no active role in the operations of EssilorLuxottica, unlike some of his family members.
6. Kim Jung-min, Age- 22 (South Korea)
Net Worth: $1.4 Billion | Source of Wealth: Online Gaming
Kim Jung-min, along with her sister Jung-youn, owns approximately 9% of Nexon, a pioneering company in online gaming founded by their late father, Kim Jung-ju. Nexon is known for the game MapleStory, which popularized the free-to-play model. Neither sister is involved in the company’s operations.
7. Kevin David Lehmann, Age- 21 (Germany)
Net Worth: $3.3 Billion | Source of Wealth: Drugstores
Kevin inherited a 50% stake in dm-drogerie markt, Germany’s leading drugstore chain, from his father when he was just 14. Both Kevin and his father maintain a low profile and are not involved in the company’s day-to-day operations. The chain boasts over 4,000 stores across Europe.
8. Kim Jung-youn, Age- 20 (South Korea)
Net Worth: $1.4 Billion | Source of Wealth: Online Gaming
Like her sister Jung-min, Kim Jung-youn inherited a 9% stake in Nexon. Their stakes are held through the holding companies NXC and Wise Kids. After their father’s death, the sisters paid a substantial inheritance tax, resulting in a government stake in NXC.
9. Clemente Del Vecchio, Age- 19 (Italy)
Net Worth: $4.7 Billion | Source of Wealth: Eyeglasses
Clemente is another heir to the Del Vecchio fortune, owning 12.5% of Delfin. He, like his brothers, benefits from stakes in EssilorLuxottica and other major companies. The Del Vecchio siblings reside in Milan, overseeing their vast wealth.
10. Livia Voigt, Age- 19 (Brazil)
Net Worth: $1.1 Billion | Source of Wealth: Industrial Machinery
Livia, the world’s youngest billionaire, shares a 3.1% stake in WEG with her sister Dora. Livia is currently pursuing a university degree in psychology, indicating her interest in academic and professional development beyond her inherited wealth.
These young billionaires represent the new wave of wealth holders who are stepping into roles of significant responsibility and influence at an early age. Their fortunes, often built on the foundations laid by their families, are a testament to the ongoing legacy and evolution of global business empires.
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