Youngest Billionaires in the World 2023

Youngest billionaires in the world The realm of billionaires presents an intriguing contrast, as the majority of the world’s youngest billionaires have acquired their wealth through inheritance. On the other hand, most of the older generation have amassed their fortunes from nothing. Nevertheless, there are also a few young billionaires who have achieved success through their own efforts in entrepreneurship and innovation. Their paths are marked by unwavering determination, resilience, and a knack for capitalizing on opportunities.

Today’s young billionaires are not only creating vast wealth but also exerting a significant influence on the future, irrespective of how they acquired their riches. They serve as a reminder that dreams can be realized through dedication and determination. Now, let’s examine the roster of the ten youngest billionaires worldwide and explore how they amassed their considerable fortunes.

Age, Net Worth (in USD Billions) Rank & Name

Rank & Name	Age	Net Worth (in USD Billions)
1 Clemente Del Vecchio	19	3.9
2 Kim Jung-youn	19	1.3
3 Kevin David Lehmann	21	2.5
4 Kim Jung-min	21	1.3
5 Luca Del Vecchio	22	3.9
6 Alexandra Andresen	27	1.5
7 Leonardo Maria Del Vecchio	28	3.9
8 Katharina Andresen	28	1.5
9 Ryan Breslow	29	1.1
10 Gustav Magnar Witzor	30	3.5

What do we know about the youngest billionaires in the world? Here’s a closer look:

Clemente Del Vecchio

1. Source of wealth: Eyeglasses
2. Residence: Milan, Italy
3. Citizenship: Italy

Clemente has emerged as the youngest billionaire in the world, topping the list of top ten individuals in this category. He is one of the children of Leonardo Del Vecchio, who was the chairman of EssilorLuxottica until his passing in 2022. Following the unfortunate demise of his father, Clemente gained a 12.5 percent stake in Delfin, a holding company based in Luxembourg. Delfin’s diverse portfolio includes holdings in EssilorLuxottica, shares in insurer Generali, prominent banks like Mediobanca and UniCredit, as well as real estate developer Convivio. At the age of 18, Clemente inherited his father’s fortune and consequently became the youngest billionaire globally.

1. Source of wealth: Online gaming
2. Residence: South Korea
3. Citizenship: South Korea

Kim Jung-youn and her sister, Jung-min, together have a combined ownership of around 31 percent in NXC, which is the largest shareholder in the online gaming company Nexon. A significant part of their shares has been inherited from their late father, Kim Jung-ju, who founded Nexon in 1994 and passed away in February 2022 at the age of 54. Neither Jung-youn nor her sister are actively involved in the daily operations of Nexon, and they prefer to keep a low public profile.

Kevin David Lehmann

1. Source of wealth: Drugstores
2. Residence: Karlsruhe, Germany
3. Citizenship: Germany

Kevin David Lehmann is the owner of a 50 percent stake in Germany’s drugstore chain, dm (drogerie markt), which generates an annual revenue of more than $14 billion. The establishment of dm dates back to 1973 when its first store was opened in Karlsruhe, Germany by Goetz Werner. Currently, dm has expanded its presence to include over 3,700 locations. In 1974, Guenther Lehmann, Kevin David’s father and the manager of the family’s Pfannkuch grocery chain, made an investment in dm. In 2017, Guenther transferred his 50 percent ownership in dm to Kevin David. Neither Kevin David nor his father actively engage in the operational activities of dm and they maintain a low public profile.

Kim Jung-min

1. Source of wealth: Online gaming
2. Residence: South Korea
3. Citizenship: South Korea

Jung-youn’s sibling, Jung-min, ranks fourth among the top ten youngest billionaires globally. Together, the two sisters possess around 31 percent of NXC, thereby establishing themselves as the largest stakeholder in the renowned online gaming company Nexon. Maintaining a low-key presence, both sisters prefer to keep a private profile.

 Luca Del Vecchio

1. Source of wealth: Eyeglasses
2. Residence: Milan, Italy
3. Citizenship: Italy

Luca Del Vecchio is one of the six children of the late Leonardo Del Vecchio. After his father passed away, Luca, along with his brother Clemente, received a 12.5 percent ownership in Delfin, a holding company based in Luxembourg. Delfin holds a diverse range of assets including EssilorLuxottica holdings, shares in insurer Generali, banks like Mediobanca and UniCredit, and the real estate developer Covivio.

Alexandra Andresen

1. Source of wealth: Investments
2. Residence: Oslo, Norway
3. Citizenship: Norway

Alexandra Andresen and her sister, Katharina, received a 42 percent ownership stake in the family-owned investment firm Ferd as an inheritance. Their father, Johan Andresen, continues to lead the company and maintains control over 70 percent of the voting rights through a dual-class share structure. Ferd is actively involved in multiple financial pursuits, such as managing hedge funds, investing in the Nordic stock exchange, and engaging in private equity investments.

Leonardo Maria Del Vecchio

1. Source of wealth: Eyeglasses
2. Residence: Milan, Italy
3. Citizenship: Italy

Leonardo Maria, the third member of the Vecchio family to achieve a position on the list of the top ten youngest billionaires worldwide, is actively involved in the operations of EssilorLuxottica as the company’s chief strategy officer. He also serves as the CEO of Salmoiraghi & Viganò, an eyeglasses retailer that was acquired by EssilorLuxottica in 2016 for an undisclosed amount. Like his siblings, Leonardo Maria inherited a 12.5 percent ownership stake in the Luxembourg-based holding company. In addition to this, Delfin also possesses shares in Generali, an insurance company, as well as banks such as Mediobanca and UniCredit, and is invested in real estate developer Covivio.

Katharina Andresen

1. Source of wealth: Investments
2. Residence: Oslo, Norway
3. Citizenship: Norway

Katharina Andresen, who was born in 1995, is the daughter of Johan H. Andresen Jr., the proprietor of Ferd AS. In 2007, Johan transferred 42.2 percent ownership to Katharina and her sister, Alexandra. Katharina hails from a distinguished lineage of politicians and industrialists. Her great-grandfather, Johan H. Andresen, held a political position within the Conservative Party. Additionally, she is the great-great-granddaughter of Nicolai Andresen, who established what is now known as Nordea Bank Norge.

Ryan Breslow

1. Source of wealth: E-commerce software, self-made
2. Residence: Miami, Florida
3. Citizenship: United States

In 2014, Ryan Breslow made the bold decision to leave Stanford and launch the payment startup Bolt. In January 2022, he made the transition from CEO to chairman. Breslow successfully secured an impressive $1.3 billion in funding for Bolt, with a particularly notable investment of $355 million in the same month. Forbes estimates that the current valuation of the company is approximately $5 billion. Breslow is recognized for his preference for solitary activities and self-care practices such as yoga, meditation, and dancing. He also implemented a four-day workweek for his 700 employees, highlighting the importance of achieving a balance between work and personal life. Alongside his involvement with Bolt, Breslow expanded into the wellness industry by establishing Love, an early-stage startup launched in January 2022.

Gustav Magnar Witzoe

1. Source of wealth: Fish farming
2. Residence: Kverva, Norway
3. Citizenship: Norway

Gustav Magnar Witzoe holds close to half of the shares in Salmar ASA, a prominent global salmon producer. This significant ownership was given to him by his father, Gustav Witzoe, who established the company in 1991. Salmar has been at the forefront of driving the development of fish farming in Norway. Despite his father still being involved in managing the business, Gustav Magnar is actively seeking ways to expand his interests in real estate and investments in technology startups.

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