19-Year-Old Livia Voigt Becomes World’s Youngest Billionaire

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In a remarkable achievement, 19-year-old Brazilian student Livia Voigt has earned the distinction of being the world’s youngest billionaire, according to the 2024 Forbes Billionaires List. This year’s list highlights the prominence of youth, with the 25 youngest billionaires all aged 33 or younger, collectively possessing $110 billion in wealth.

Who is Livia Voigt?

• Livia Voigt has claimed the title of the world’s youngest billionaire, surpassing Clemente Del Vecchio, heir to EssilorLuxottica, who is just two months older than her.
• Her wealth stems from being one of the largest individual shareholders of WEG, the leading manufacturer of electrical motors in Latin America. WEG was co-founded by her grandfather Werner Ricardo Voigt, along with late billionaires Eggon Joao da Silva and Geraldo Werninghaus.
• Currently pursuing her university education in Brazil, Livia Voigt does not yet hold a board seat or executive position at WEG.
• Her net worth stands at an impressive $1.1 billion. Alongside her older sister Dora Voigt de Assis, aged 26, Livia is among the seven new faces on the youngest billionaire list for 2024. Dora earned her architecture degree in 2020.
• Livia Voigt is part of the legacy of WEG, a multinational corporation with operations in over 10 countries. In 2022, WEG reported revenues of around $6 billion.

The Rise of Young Billionaires:

• The billionaire landscape has seen an influx of young heirs, such as Ireland’s Mistry brothers, aged 25 and 27. They inherited substantial fortunes from Tata Sons, a Mumbai-based conglomerate, following their father’s passing in 2022. Each brother boasts an estimated net worth of $4.9 billion.

Livia Voigt’s ascent to billionaire status underscores the evolving dynamics of wealth accumulation, particularly among the younger generation, as they navigate and contribute to the global economic landscape.

Sources By Agencies