Livia Vogt is the world's youngest billionaire

Brazilian student Livia Voigt

The landscape of global wealth has seen a youthful surge as 19-year-old Brazilian student Livia Voigt claims the title of the world's youngest billionaire, according to the 2024 Forbes Billionaires List. This year's list reflects a trend of youth dominance, with the 25 youngest billionaires all aged 33 or younger, collectively possessing $110 billion in wealth.

Emergence of Livia Voigt

Livia Voigt's ascent to billionaire status marks a remarkable achievement, surpassing Clement Del Vecchio, heir to EssilorLuxottica, who is only two months her senior. Voigt's wealth stems from her substantial stake as one of the largest individual shareholders in WEG, Latin America's largest manufacturer of electrical motors. The company, co-founded by her grandfather Werner Ricardo Voigt, alongside late billionaires Eggon Joao da Silva and Geraldo Werninghaus, has solidified her position in the billionaire ranks.

Professional Background and Education

Despite her formidable wealth, Livia Voigt remains committed to her education, currently attending university in Brazil. Notably, she has yet to assume a seat on the board or an executive position at WEG, signifying her dedication to personal and professional development.

Family Legacy and Contributions

Voigt's familial ties to WEG underscore her connection to its legacy as a multinational corporation with a global footprint. With factories spanning over 10 countries and recording revenues of approximately $6 billion in 2022, WEG's impact resonates on a global scale.

Sibling Success and New Entrants

Accompanying Livia Voigt in the realm of youthful billionaires is her older sister, Dora Voigt de Assis, aged 26, who earned her architecture degree in 2020. The Voigt sisters are among the seven new faces on the youngest billionaire list for 2024, reflecting a wave of young heirs entering the billionaire echelon. Notable additions include Ireland's Mistry brothers, aged 25 and 27, who inherited substantial fortunes from Tata Sons, further diversifying the youthful billionaire landscape.

Livia Voigt's remarkable achievement as the world's youngest billionaire signifies not only individual success but also highlights the evolving demographics of global wealth. As youth continue to carve their path in the world of entrepreneurship and inheritances, their contributions to the global economy and society at large are poised to shape the future of wealth distribution and innovation.