The World’s Youngest Billionaires Include Teenage Heirs And Under-30 Founders | Forbes

The average billionaire is 65 years old, according to Forbes’ latest ranking of the planet’s richest people, and the eldest is insurance tycoon George Joseph, who’s 101. But old age is not a requirement for amassing great wealth. In fact, there are 15 people around the globe who boast a three-comma fortune despite being 30 years old or younger. The youngest of this mostly lucky bunch are Clemente Del Vecchio and Kim Jung-youn, neither of whom have hit their 20s yet. Both teens’ successful fathers, Leonardo Del Vecchio and Kim Jung-ju, died in 2022 and left them stakes in their respective companies. Overall, 11 of these 15 inherited their fortunes. Just four are self-made entrepreneurs. There were 15 total 30-and-unders last year, too—but the names have changed considerably thanks to nine newcomers and eight people who dropped out of the billionaire ranks completely, including Brex cofounders Henrique Dubugras and Pedro Franceschi, and DoorDash cofounders Stanley Tang and Andy Fang. They still have plenty of time to make a return—something that will be much more difficult for FTX cofounder Gary Wang, 29, who pleaded guilty to fraud charges in December. As a group, these 15 youngsters are worth $64 billion in total, $10 billion more than in 2022. Still, accumulating so much money so young remains a rare feat: Together, this exclusive group represents just 0.6% of the world’s 2,640 billionaires.