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It’s important to acknowledge the role of nepotism and privilege in the rise of this new jet set. While the average billionaire is 66 years old, there’s a dramatic shift taking place in the world of wealth. A new generation of billionaires is making headlines with their impressive fortunes. Around the globe, 14 individuals have reached a net worth of over $1 billion despite being 30 years old or younger — and the youngest billionaire is still in her teens.

Age: 32 Citizenship: Hong Kong Source of Wealth: Real Estate Net Worth: $2.4 Billion

1. Though he has inherited this fortune, he has a keen interest in science and technology and desires to attend college and pursue a career in these fields.
2. The 25 youngest people on the Forbes’ World’s Youngest Billionaires of 2024 list are all 33 or younger and worth $110 billion together.
3. Out of the 14 billionaires under 30, 11 inherited their fortunes, showcasing how access to wealth and opportunities often come from family connections, rather than from self-made successes.
4. When Günther Fielmann, the entrepreneur known for bringing cheap eyeglasses to Germany, died in January at the age of 84, he left much of his fortune to his two children, Sophie and Marc.
5. Although he and his brothers are Irish citizens, they live in Mumbai, where both the SP Group and Tata are based.

At 21 and with a net worth of $1.4 billion, this young woman from Oslo is the youngest on Forbes’ billionaire list, although she has fallen to position 1,650 in her sister seniorthe general ranking. The origin of her fortune didn’t entail significant effort, given that it resulted from a 42.2 percent transfer of the family business, made by her  Johan Andresen. The family company is Ferd, founded in 1848 after the purchase of a Norwegian tobacco factory, and today is a holding company dedicated to various business investments. Among its activity is the financing of entrepreneurs and their social enterprise projects, done through Ferd’s subsidiary, FSE (Ferd Social Entrepreneurs). Three children of Leonardo Del Vecchio, the founder of the luxury sunglasses company Luxottica, became billionaires after his death in 2022. Firoz and his brother Zahan are the richest of the billionaires under 30, thanks primarily to their 4.6% stakes in Tata Sons, the Indian conglomerate that owns 29 public companies.

Kim Jung-min

Though the biggest shareholder, she still attends university and holds no executive position. The 38th annual Forbes list of the world’s billionaires found a record 2,781 billionaires with a total net wealth of $14.2 trillion. This is an increase of 141 members and $2 trillion from 2023, which held the previous record for the highest net worth gain on the list, surpassing the $900 billion record set in 2022. Two-thirds of the list members are wealthier compared to the previous year, including Mark Zuckerberg, whose net worth increased by $112.6 billion. She and her sister Jung-youn each own approximately 9% of the South Korean-Japanese online gaming publisher, Nexon, founded by their late father Kim Jung-ju in 1994. Upon his death, they inherited their stakes in the company, but neither she nor her sister has a role in the firm.

Kevin’s father gave him his 50% stake in Germany’s leading drugstore brand, dm-drogerie markt, when he was just 14. The drugstore chain has over 4,000 stores across Europe and recorded revenue of about $17 billion in 2023. He inherited 49% of Red Bull when his father Dietrich Mateschitz, who founded the business in 1984, died in 2022. Prior to his father’s death, he’d run the company’s organics division, but resigned because “I do not believe one should be both an employee and a shareholder of the same company,” according to a statement at the time. Red Bull generated $11.6 billion in revenue last year and sold 12.1 billion cans, enough for each person on earth to pep up with 1.5 energy drinks. Alexandra Andresen and her sister Katharina are both in their twenties and inherited a substantial portion of their family’s investment company, Ferd.

Age: 33 Citizenship: Japan Source of Wealth: M&A Brokerage Net Worth: $1.9 Billion

He’s also heir to a real estate dynasty run by his father Charles Kushner, then his brother Jared Kushner, who is married to Ivanka Trump and who served as an advisor in the Trump administration. In all, there are 26 billionaires on The Forbes 400 who are under 50, including two thirtysomethings. Together, these 10 super-rich relatively youthful billionaires are worth $273 billion. These inheritances illustrate the beginning of a long-anticipated generational wealth transfer among aging populations around the world. In the United States, Baby Boomers and their elders (those born in 1964 or earlier) hold $95.9 trillion of a total $147.1 trillion of household wealth, per the Federal Reserve. Trillions are expected to change hands every year as the affluent elderly pass away and leave their fortunes to descendants.

1. He is one of the offspring of the late Leonardo Del Vecchio, who served as the chairman of EssilorLuxottica until his passing in 2022.
2. Some are self-made, but for the first time in more than 15 years, every billionaire under 30 inherited their fortune.
3. Nonetheless, the heirs of China’s billionaires were born on silver platters.
4. 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.
5. The 38th annual Forbes list of the world’s billionaires found a record 2,781 billionaires with a total net wealth of $14.2 trillion.

They’re strategically building their own business empires or expanding the ones passed on to them. His children — Clemente, Leonardo Maria and Luca Del Vecchio — are now among the youngest billionaires globally. Prior to Livia’s inheritance, Clemente Del Vecchio was the world’s youngest billionaire.

Aging billionaires like Charles Koch, 88, and Phil Knight, 86, are currently preparing to pass their inheritances on to their children. He also inherited part of his family’s 18.4 percent stake in Tata Sons after their father, Cyrus Mistry, died in 2022. He has sharp entrepreneurial and business acuity and strategic foresight. His portfolio includes 25 percent stakes in Shapoorji Pallonji Group. Zahan Mistry is the son of Cyrus Mistry, the former chairman of Tata Sons.

Ruan graduated from Sheffield University with a master’s degree in management and joined Flat Glass Group in 2009. Xu studied international economy and trade at Xiamen University and joined Dali Foods Group in 2008. She was named a director in 2014 and now manages day-to-day operations. Today, she is the chairperson and CEO of Tongwei Co., Tongwei Group’s major listed new energy unit in March 2023. Sun studied biomedical sciences at the University of Cambridge, graduating in 2007.

60 people from the 2012 list fell below a billion dollars of assets in 2013, and eight others from the 2012 list died. The Asia-Pacific region had the most drop-offs, with 29, followed by the United States with 16. The 2013 list featured 138 women, of which 50 came from the United States. His wealth comes from a 12.5% stake in his family’s Luxembourg-based holding company, Delfin, which owns nearly a third of EssilorLuxottica, the largest eyeglasses company in the world and the owner of Ray-Ban.

The U.S. had the most billionaires in the world, with a record of 565. China had 319 (not including Hong Kong, Taiwan or Macau), top 10 youngest billionaires in the world Germany had 114, and India had the fourth most with 101; India reached over 100 billionaires for its first time. They inherited their 4.6% stakes in the company in 2022 after the death of their father, Cyrus Mistry, who died less than three months after their grandfather Pallonji. Most of his fortune comes from an estimated 2.5% stake in the French software company Dassault Systèmes and an estimated 4.1% stake in Dassault Aviation. His great-grandfather laid the foundations for the family fortune when he invented an airplane propeller the French used in the First World War.