There are 15 billionaires who are under 30 years old, but none of them made their fortune, since they all inherited it.
The 15 billionaires who are under 30 years old did not make their fortune, but rather they inherited it, according to Forbes magazine. Furthermore, more than a thousand children of billionaires are expected to inherit more than 5.2 billion of dollars from their parents in the coming years.
At this time, there are a total of 2781 billionaires, that is, there are more billionaires than ever. However, the figure is expected to grow in the coming years, as there is a generation of super-rich elderly people who will leave their fortune in the hands of their offspring. Of these billionaires, 15 are under 30 years old, but none of them made their fortune, rather everyone inherited it.
Who are the youngest billionaires in the world
That list is headed by the Irish Mistry brothers, Firoz and Zahan, 25 and 27 years old respectively. According to estimates, both have a net worth of $4.9 billion, thanks to their stakes in Tata Sons, the parent company of the Indian conglomerate Tate Group, which owns car brands such as Jaguar Land Rover. The Mistrys inherited their 4.6% stake in the company following the death of his father Cyrus, who died less than three months after the death of his grandfather, Pallonji.
Other members of the exclusive list are the three children of Leonardo del Vecchio, founder of the luxury sunglasses company Luxottica, who died in 2022. His children, Leonardo María, 28, Luca, 22, and Clemente Del Vecchio, 19, each inherited 12.5% of the holding Delfin, which owns almost a third of EssilorLuxottica, the company that owns RayBan and Oakley. Each brother has a fortune of $4.7 billion.
For her part, the youngest billionaire in the world is Livia Voigt19 years old, who has a wealth of 1.1 billion dollars, thanks to the 3.1% he owns of WEG Industriesa Brazilian electrical equipment producer co-founded by his grandfather Werner Ricardo, who passed away in 2016. His sister Dora is also on the list.
The opposite case is that of Ben Francis, 31 years old, who is one of the youngest billionaires in the world who did make his fortune and did not inherit it. The British is the founder of the sports brand Gymshark and has an estimated fortune of 1.3 billion dollars.
The fortune of millennials
Experts from Swiss bank UBS said: “over the next 20 to 30 years, more than 1,000 of today’s billionaires are likely to pass on more than $5.2 trillion to their heirs. How do we calculate this number? Simply adding the wealth of the 1,023 billionaires who today have 70 years or older.”. This money transfer would make millennials the richest generation in history.
Source: Ambito
