Of the fifteen young billionaires that Forbes magazine highlighted – in its historic ranking – there is a single common denominator: fortune. But not only that which allows them to have millions of dollars in their accounts and travel around the world, but also that of being their parents’ children, who were the architects of the status that these under 30 billionaires now enjoy. Specialists realize that, far from being an exception to the last measurement, it is barely a first wave of the “great transfer of wealth” in which more than a thousand tycoons are expected to transmit more than 5.2 trillion dollars to their heirs in the coming years.
The youngest billionaire in the world is Livia Voigt. At 19 years old, Forbes counted the Brazilian teenager’s fortune at over $1.1 billion, “thanks to a 3.1% stake in WEG Industries,” a Brazilian electrical equipment producer co-founded by her grandfather Werner Ricardo. Her older sister Dora Voigt de Assis, 26, is also on the list.
Also included are the Irish Mistrys (Firoz and Zahan), who have an estimated $4.9 billion due to dividends from Tata Sons, the parent company of the Indian conglomerate Tate Group, owner of car brands such as Jaguar Land Rover. Currently, according to Forbes, they are the richest sub-30 in the world. How did they get it? By inheriting the 4.6 per cent stake in the company in 2022 following the death of his father, Cyrus Mistry, who died less than three months after his grandfather Pallonji.
Three children of Leonardo Del Vecchio, founder of the luxury sunglasses company Luxottica, also made the list after the businessman’s death. Leonardo Maria, 28, Luca, 22, and Clemente Del Vecchio, 19, each inherited a 12.5% stake in Luxembourg from the family. – Delfin-based holding company, which owns almost a third of EssilorLuxottica, the company behind Ray-Ban and Oakley.
The list is completed with Gustav Magnar Witzøe, Katharina and Alexandra Andresen, Sophie Luise Fielmann, Kim Jung Min and Kevin David Lehman. In all cases, the meritocracy to overcome the billion-dollar barrier was through having the same last name as their parents.
The British newspaper Guardian He cited several bankers to explain that there will be a transfer of wealth like never before in history. But it will not be from people with greater resources to those with fewer resources, but will derive from a gift from father to son.. “Over the next 20 to 30 years, more than 1,000 of today’s billionaires are likely to transfer more than $5.2 trillion to their heirs. Looking longer term, the exceptional wealth resulting from the boom in entrepreneurial activity since 1990s has laid the foundation for future generations of billionaire families,” the article states.
