2024 Forbes Billionaires List Has Seen a Surge in Young Heirs
The 2024 Forbes Billionaires List has seen a surge in the number of young heirs joining the billionaire ranks. Among them, Livia Voigt, a 19-year-old Brazilian student, has claimed the title of the world’s youngest billionaire. This year’s list is dominated by youth, with the 25 youngest billionaires all aged 33 or younger, collectively holding $110 billion.
Livia Voigt’s wealth comes from being one of the largest individual shareholders of WEG, the largest manufacturer of electrical motors in Latin America. The company was co-founded by her grandfather Werner Ricardo Voigt, alongside late billionaires Eggon Joao da Silva and Geraldo Werninghaus. Although she is currently attending university in Brazil, Ms Voigt does not hold a seat on the board or an executive position at WEG yet.
With a net worth of $1.1 billion, Livia Voigt has surpassed Clement Del Vecchio, heir to EssilorLuxottica, who is only two months older than her. Alongside her older sister Dora Voigt de Assis, who earned her architecture degree in 2020, Livia Voigt is among the seven new faces in the youngest billionaire list of 2024. The WEG legacy, a multinational corporation with factories in over 10 countries, saw revenues of approximately $6 billion in 2022.
In addition to Livia Voigt and Dora Voigt de Assis
