Top 10 youngest billionaires globally 2024: Tata Group’s ex-chairperson’s sons ascended to the top

Source: Forbes

1. Clemente Del Vecchio:

Clemente, the second-ranked youngest billionaire globally, is the son of the late Leonardo Del Vecchio, who was the chairman of EssilorLuxottica. After his father died in 2022, he acquired 12.5% ownership in Luxembourg-based holding company Delfin, which includes EssilorLuxottica, Generali, banks, and Convivio.

2. Kim Jung-Youn:

Kim Jung-youn and her sister Jung-min own 18% of Nexon, the largest online gaming company, founded in 1994. A significant portion of its stakes passed down through their late father, Kim Jung-ju, who passed away at 54 in February 2022.

3. Livia Voigt:

Livia Voigt, the largest shareholder of WEG, the largest Latin American manufacturer of electrical motors, is a university student and holds no executive position. WEG, co-founded by her grandfather, has factories in over ten countries and an estimated revenue of $6 billion in 2022.

4. Kevin David Lehmann:

Kevin David Lehmann owns a 50% stake in Germany’s drugstore chain, dm (Drogerie Markt), with an annual revenue of $14 billion. The company, which began in 1973, has over 3,700 locations. Lehmann’s father, Guenther, invested in dm in 1974 and transferred 50% of his ownership to Lehmann in 2017.

5. Kim Jung-Min:

Jung-youn’s sister, Jung-min, is one of the ten youngest billionaires globally, holding 31% of NXC, the largest shareholder in Nexon, an online gaming giant.

6. Luca Del Vecchio:

Luca Del Vecchio, a son of the late Leonardo Del Vecchio, inherited a 12.5% stake in Luxembourg-based holding company Delfin, which includes EssilorLuxottica, Generali, banks, and Covivio. Unlike his brother Clemente, Luca is the chief strategy officer and actively participates in the company’s affairs.

7. Remi Dassault:

Remi’s great-grandfather, Olivier Dassault, founded Dassault Aviation, a French aerospace company, while his father, Olivier Dassault, was an influential politician in France’s National Assembly. The Dassault family owns vineyards, a private aeronautic company, and daily news publisher Le Figaro.

8. Zahan Mistry:

Zahan Mistry, son of Cyrus Mistry, inherited an 18.4% stake in Tata Sons after his father died in 2022. He is involved in the family’s construction empire and owns a 25% stake in Shapoorji Pallonji Group.

9. Dora Voigt de Assis:

Dora Voigt d Assis, sister of Livia Voigt de Assis, is a large shareholder in WEG, Latin America’s largest electrical motor manufacturer. She graduated from architecture college in 2020 and does not hold an executive position.

10. Firoz Mistry:

Firoz Mistry, Zahan Mistry’s elder brother, inherited 18.4% of their family’s Tata Sons stake after Cyrus Mistry died in 2022. He studied at the University of Warwick and holds 25% stakes in Shapoorji Pallonji Group.