7 Youngest Billionaires in the World 2023 and How They Made it

The ever-changing world of wealth and entrepreneurship of individuals who have attracted global attention as the youngest billionaires of 2023.

While some may have inherited enormous fortunes from their dads, their inclusion in this privileged club represents a distinct aspect of the changing mechanics of wealth acquisition.

Regardless of their financial origins, these individuals have received recognition for their involvement in changing the bounds of achievement in a surprisingly short period of time.

Join us as we take a look at the lives of these young people whose fortune has earned them a place in history.

1. Clemente Del Vecchio – Healthcare Industry

Clemente Del Vecchio became the world’s youngest billionaire after inheriting a 12.5% interest in his father’s company, Essilor Luxottica, following his father’s death.

With an estimated net worth of $3.7 billion, the 18-year-old keeps a low profile and does not work for any of his father’s businesses.

Leonardo Del Vecchio, Clemente’s father, was an Italian wealthy businessman who founded Luxottica, the world’s largest producer and retailer of eyeglasses and frames.


2. Kim Jung-youn – Online Gaming

Kim Jung-youn, another young billionaire, got a 30.78 percent interest in Nexon when her father, the company’s founder, died. According to sources, Jung-youn owned stock in the company before her father died.

Jung-ju, her father, founded Nexon (a video game publishing firm) in Tokyo, Japan. According to reports, he stepped down from daily management of the company in 2006 to focus on other investments and humanitarian activities.


3. Kevin David Lehmann – Healthcare Industry

Kevin David Lehmann controls 50% of drogerie markt, Germany’s largest pharmacy business. In 2017, his father, who owned the family’s supermarket chain, gave him ownership of his 50% equity interest.

As a result, when he turned 18, the 20-year-old assumed full control of the 50% stake.


4. Kim Jung-min – Online Gaming

Jung-min is Jung-youn’s older sister. After their father died in February 2022, the 21-year-old acquired a 15% interest in game developer Nexon.


5. Luca Del Vecchio – Healthcare Industry

After his father died, Luca acquired a 12.5% share in his father’s Luxembourg-based holding firm, Defin. Defin owns stock in Generali, Mediobanca, and UniCredit, as well as real estate developer Covivio.

The 21-year-old is one of Del Vecchio’s two children with Sabina Grossi, Luxottica’s former investor relations director.


6. Alexandra Andresen – Investments 

Alexandra is a Norwegian heiress who, at the age of 19, became the world’s youngest billionaire. Her father gave control of the family-owned investment firm, Ferd, to her, and she became a billionaire.

Ferd, managed by her father, Johan Andresen, is a Nordic stock exchange investor with private equity assets.


7. Wang Zelong – Pigment production 

Wang Zelong became Asia’s youngest billionaire when he inherited a stake in CNNC Hua Yuan Titanium Dioxide Co., a chemical company listed on the Shenzhen Stock Exchange.

The 26-year-old also owns stock in Lomon Billions Group, which manufactures titanium dioxide.

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