Livia Voigt, the World’s Youngest Billionaire at 19

Livia Voigt, hailing from Brazil, has made her name in history as the youngest billionaire worldwide, as per the Forbes Billionaires List of 2024. With a net worth soaring to a $1.1 billion at a tender age, she has earned accolades as the torchbearer of youth empowerment.

Livia Voigt, the World's Youngest Billionaire at 19

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Livia Voigt hails from Brazil, where she is currently attending university. Despite her young age, she has made headlines globally for her extraordinary wealth, attributed to her family’s business empire.

As the largest individual shareholder of WEG, Latin America’s largest manufacturer of electrical motors, Livia inherited her wealth from her grandfather, Werner Ricardo Voigt, who co-founded the company alongside figures Eggon Joao da Silva and Geraldo Werninghaus.

With a net worth of $1.1 billion, Livia Voigt surpassed the previous titleholder, Clemente Del Vecchio, to become the world’s youngest billionaire.

Clemente, the heir to EssilorLuxottica, a renowned eyewear company, held the title for a brief period until Livia’s ascent to billionaire status.

Despite being just two months younger than Clemente, Livia’s wealth and influence have garnered attention in the business world.

WEG is a multinational corporation with a presence in over 10 countries. The company recorded revenues of approximately $6 billion in 2022.

Livia Voigt is not alone in her billionaire status. Her elder sister, Dora Voigt de Assis, also joins the ranks of the wealthiest individuals under 33, with a net worth of $1.1 billion. Dora, a 26-year-old architecture graduate.

The inclusion of Livia Voigt and her sister Dora in the Forbes Billionaires List highlights Brazil’s growing influence in the global business arena.

As representatives of a new generation of wealth creators, they symbolize the potential for young entrepreneurs to make strides in traditionally established industries.

While Livia Voigt holds the title of the world’s youngest billionaire, she is part of a larger cohort of young billionaires making waves across the globe.

From self-made entrepreneurs like Evan Spiegel and Ben Francis to heirs like Clemente Del Vecchio, the Forbes Billionaires List showcases the paths to wealth accumulation among the youth.

India’s presence on the Forbes Billionaires List is notable, with entrepreneurs like Nithin and Nikhil Kamath of Zerodha and Sachin and Binny Bansal of Flipkart making names in the global market.

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She stands as the largest individual shareholder of WEG, a titan in electrical motors manufacturing, co-founded by her grandfather Werner Ricardo Voigt.

The Voigt dynasty extends its reach beyond Livia, encompassing her elder sister Dora Voigt de Assis. At 26, Dora has carved her own path to prosperity, earning a spot alongside her sister on the youngest billionaire list for 2024.

Armed with an architecture degree obtained in 2020. With the Forbes list featuring 25 billionaires under the age of 33, commanding a collective wealth of $110 billion.

While self-made luminaries such as Evan Spiegel and Ben Francis illuminate the path of entrepreneurial resilience.

India, for instance, proudly showcases its own cadre of young billionaires, including the Kamath brothers of Zerodha fame and the Bansal brothers, co-founders of Flipkart. These luminaries exemplify India’s entrepreneurial spirit.

Livia’s ascent to the apex of wealth coincides with the reign of the Del Vecchio dynasty in Italy. Clemente Del Vecchio, erstwhile holder of the youngest billionaire title, relinquishes his crown to Livia, albeit retaining assets valued at $4.8 billion.

As scion to the Del Vecchio empire, Clemente inherits a stake in EssilorLuxottica, the world’s largest eyeglasses company, following the passing of his father Leonardo Del Vecchio in 2022.

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