In this article, we will look at the 5 youngest billionaires in the world. We have also discussed individual stories of these billionaires. If you are interested in reading about that along with a more extensive list, head straight to the 20 Youngest Billionaires In The World.
5. Kim Jung Min
Age: 21
Net Worth: $1.7B
Jung-min and her younger sister, Jung-youn, collectively possess approximately 31% of NXC, the largest shareholder in the online gaming giant Nexon. Their father, Kim Jung-ju, who established Nexon in 1994, left them the majority of their holdings when he passed away in February 2022 at the age of 54.
4. Luca Del Vecchio
Age: 21
Net Worth: $3.5B
Luca Del Vecchio is among six children of the late EssilorLuxottica chairman, Leonardo Del Vecchio. Following his father’s death in 2022, Luca, alongside his stepmother and siblings, inherited a 12.5% stake in the Luxembourg-based holding company Delfin. Apart from its major role in EssilorLuxottica, Delfin holds shares in key companies like Generali, Mediobanca, UniCredit, and Covivio. Luca is one of two children Leonardo had with Sabina Grossi, Luxottica’s former head of investor relations. In 2023, Luca Del Vecchio was ranked 818th on the Forbes Billionaires list, with eyeglasses as his major source of wealth. He resides in Milan, Italy, and holds an Italian citizenship.
3. Kevin David Lehmann
Age: 20
Net Worth: $2.3B
Kevin David Lehmann possesses a 50% stake in Germany’s key drugstore chain, DM (Drogerie Markt), with annual revenues of over $14 billion. Founded by Goetz Werner in 1973, DM now operates 3,700 stores. In 1974, Kevin’s father, Guenther, invested in DM and in 2017, he transferred his 50% DM ownership to Kevin David. Neither Kevin David nor his father has been actively involved in DM’s operations despite their major ownership in the company.
2. Kim Jung-Youn
Age: 19
Net Worth: $1.7B
Kim Jun Young and her elder sister, Kim Jung Min, inherited a 30.78% stake in NXC, their father’s personal holding company. NXC is the largest shareholder in Nexon, a Japan-listed company. Their combined stakes in NXC are worth approximately $2.5 billion each, although after accounting for South Korea’s high inheritance tax, their estimated net worth stands at around $1 billion each. Their mother, Yoo Jung Hyun, who helped establish Nexon in 1994, inherited a 4.57% stake in NXC, and she is now the largest shareholder with a 34% stake and a net worth of $3 billion.
1. Clemente Del Vecchio
Age: 18
Net Worth: $3.5B
Clemente Del Vecchio, at just 18, has become the world’s youngest billionaire, inheriting a heavy fortune following his father Leonardo Del Vecchio’s death. Although expected to eventually lead Luxottica Group, his father’s eyewear empire, Clemente is focused on his studies and has a deep interest in science and technology, with plans to attend college. He also invests in real estate and owns luxury properties in Italy. He is the youngest billionaire in the world in 2023.
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