The World’s 8 Richest Young Billionaires of 2024 – Net Worths, Ranked: From Ray-Ban Heirs to Red Bull’s Mark Mateschitz. In an era where youth often equals innovation and wealth, the list of the world’s richest young billionaires is growing rapidly. These individuals, mostly under 40, have not only inherited massive fortunes but have also leveraged their wealth to make significant strides in their respective industries.
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The World’s 8 Richest Young Billionaires of 2024
As we delve into 2024, we spotlight the world’s top 8 richest young billionaires, whose net worths are staggering and who continue to make headlines with their business acumen and lavish lifestyles.
1. Mark Mateschitz – Net Worth: $34 Billion
Mark Mateschitz, the son of the late Red Bull co-founder Dietrich Mateschitz, tops the list as the richest young billionaire in 2024. After his father’s passing, Mark inherited a 49% stake in Red Bull, the global energy drink giant that also owns sports teams, events, and media properties.
At just 31 years old, Mark’s approach to business is pragmatic yet ambitious. He has taken an active role in expanding Red Bull’s global reach, venturing into new markets, and diversifying the brand’s portfolio. Mark’s net worth is a testament to his success in maintaining and growing the empire his father built.
2. Gustav Magnar Witzøe – Net Worth: $25 Billion
Gustav Magnar Witzøe, a Norwegian salmon heir, ranks second with a net worth of $25 billion. At 31, Gustav owns nearly half of SalMar ASA, one of the world’s largest salmon producers. The company was founded by his father, Gustav Witzøe Sr., in 1991, and has since become a leader in sustainable fish farming.
Gustav’s influence extends beyond the seafood industry; he is also an avid investor in real estate and tech startups. His high-profile lifestyle and regular appearances at the Met Gala make him one of the most visible young billionaires globally.
3. Clemente and Luca Del Vecchio – Net Worth: $19 Billion Each
Clemente and Luca Del Vecchio, heirs to the Luxottica eyewear fortune, share third place, with each holding a net worth of $19 billion. As the children of Leonardo Del Vecchio, the founder of Luxottica, which owns iconic brands like Ray-Ban and Oakley, they inherited significant shares in EssilorLuxottica, the world’s largest eyewear company.
At 29 and 27 years old, respectively, Clemente and Luca have been gradually stepping into leadership roles within the company. Their wealth, derived from a family business that has been at the forefront of fashion and eyewear for decades, continues to grow as they explore new opportunities and markets.
4. Katharina Andresen – Net Worth: $8.7 Billion
Katharina Andresen, at 28, is one of the youngest billionaires on the list with a net worth of $8.7 billion. Alongside her sister Alexandra, she inherited a significant stake in Ferd, a Norwegian investment company founded by their father, Johan H. Andresen.
Ferd’s diversified portfolio includes stakes in the Nordic Stock Exchange, real estate, hedge funds, and private equity. Katharina has shown a keen interest in sustainable investments and philanthropy, using her wealth to support causes related to climate change and social justice.
5. Alexandra Andresen – Net Worth: $8.7 Billion
Alexandra Andresen, Katharina’s younger sister, also holds a net worth of $8.7 billion at the age of 27. Like her sister, Alexandra inherited her wealth from the family’s investment firm, Ferd. Despite their youth, both sisters are deeply involved in the management of the company’s assets and investment strategies.
Alexandra has made a name for herself in the equestrian world, competing professionally and winning several accolades. Her dual passion for business and horse riding reflects her versatile interests and commitment to excellence in every field she enters.
6. Jonathan Kwok – Net Worth: $8.5 Billion
At 32, Jonathan Kwok is the youngest son of the late Walter Kwok, the former chairman of Sun Hung Kai Properties, one of Hong Kong’s largest property developers. Jonathan and his older brother, Geoffrey, inherited their father’s stake in the company, which remains a dominant force in Asia’s real estate market.
Jonathan’s net worth of $8.5 billion is bolstered by his strategic investments and his role in steering the company toward future growth. His wealth and influence extend beyond real estate, as he actively participates in various charitable initiatives in Hong Kong.
7. Kevin David Lehmann – Net Worth: $7.1 Billion
Kevin David Lehmann, at just 21 years old, is the youngest billionaire on this list, with a net worth of $7.1 billion. He inherited his fortune from his father, Guenther Lehmann, who had a stake in Germany’s leading drugstore chain, dm-drogerie markt.
Despite his immense wealth, Kevin maintains a low profile and has yet to take an active role in the family business. His fortune, however, continues to grow as dm-drogerie markt expands its operations across Europe, solidifying its position in the retail sector.
8. Wang Zelong – Net Worth: $5.8 Billion
Rounding out the list is Wang Zelong, a Chinese billionaire with a net worth of $5.8 billion at the age of 27. Wang inherited his wealth from his family’s holdings in CNNC Hua Yuan Titanium Dioxide Co., a company that produces materials used in industrial coatings and pigments.
Wang’s fortune is tied to the growing demand for these products in various industries, including automotive and construction. As one of China’s youngest billionaires, Wang’s influence is set to increase as he explores opportunities to diversify his family’s investments.
Conclusion
The world’s richest young billionaires of 2024 exemplify the intersection of inheritance, innovation, and strategic investments. These individuals, while beneficiaries of immense fortunes, have shown a keen understanding of how to grow and sustain their wealth. From the heirs of global conglomerates to self-made magnates, their stories are a testament to the dynamic nature of wealth in the 21st century. As they continue to shape industries and redefine success, these young billionaires are likely to remain at the forefront of global wealth rankings for years to come.