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Livia Voigt, a 19-year-old Brazilian scholar, has turn into the world’s youngest billionaire with a internet value of $1.1 billion, based on the 2024 Forbes Billionaires Checklist. Voigt beat Clemente Del Vecchio, the inheritor to Ray-Ban producer EssilorLuxocttica, who’s a mere two months older than her and has a internet value of $4.7 billion.
The 2024 World’s Billionaires Checklist is dominated by the youth, with the 25 youngest individuals being 33 or youthful with a mixed internet value of $110 billion. A few of them are self-made, having constructed notable firms like Snap, Gymshark and extra, whereas others have inherited multi-billion fortunes, indicating {that a} “nice wealth switch” had begun.
Who’s Livia Voigt?
Voigt is simply 19 years outdated and remains to be in school, however has turn into the world’s youngest billionaire due to her minority stake within the electrical gear producer WEG, which was co-founded by her late grandfather. She and her older sister, Dora Voigt de Assis, 26, are two of seven contemporary faces among the many 25 youngest billionaires, and two of 18 heirs amongst this set, based on Forbes.
WEG claims to be one of many largest electrical motor producers on the planet producing greater than 21 million models yearly. It gives international options for electrical motors, variable frequency drives, mushy starters, controls, panels, transformers, and turbines. The corporate was based by Werner Ricardo Voigt, and exports to 135 international locations.
Nonetheless, neither of the sisters have a job within the firm’s operations. Livia and Dora every personal 3.1 per cent of WEG, barely lower than the three.9 per cent stakes owned by their older cousins Eduardo and Mariana.
Indian billionaires
The total listing of Forbes’ listing contains a number of Indian names, essentially the most notable being Reliance Industries chairman Mukesh Ambani with a internet value of $110 billion within the prime 10. Gautam Adani, the chairman of Adani Group, is the seventeenth richest billionaire, with a internet value of $84 billion.
Different names embody Solar Pharmaceutical Industries founder Dilip Shanghvi, Aditya Birla Group’s Kumar Birla and DLF’s Kushal Pal Singh. Flipkart founder Binny and Sachin Bansal, together with Zerodha founder Nikhil Kamath additionally function on the listing.
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