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Top 10 youngest African billionaires in 2025 Business Insider Africa

So in a way, she is also considered a billionaire, but she is two years older than Kim Jung-Youn. Like her sister, Kim Jung-min does not involve herself in managing Nexon. Outside Europe, there are two sibling pairs in South Korea and Brazil who respectively inherited fortunes in online gaming and industrial machinery. Nineteen until July, and two months younger than Clemente Del Vecchio, she is the world’s youngest billionaire.

  • The world of billionaires has expanded dramatically, and among these elite individuals are the young and innovative minds who have achieved extraordinary financial success at a remarkably tender age.
  • Delfin’s portfolio includes EssilorLuxottica holdings, shares in insurer Generali, banks like Mediobanca and UniCredit, and real estate developer Convivio.
  • Overall, these 23 have amassed $96.2 billion in wealth, mainly from the finance, energy and technology sectors.
  • Dora Voigt is an elder sister to Livia Voigt, who inherited her wealth from her family’s company WEG, a major electrical motor manufacturer company just like Livia Voigt does.

The company was founded in 1926 by Andreas Stihl, who built the first two-person electric chainsaw. Now it’s grown to have a presence in over 160 countries, though it remains entirely family-owned. Older sister of Livia Voigt de Assis, Dora Voigt d’Assis is the youngest billionaire on this list.

Company

Firoz Mistry, 27, shares his source of wealth with his brother Zahan. Firoz owns part of the family’s share in Tata Sons, highlighting his family’s big role in the group. With a net worth also at $4.6 billion, his interests include a wide range of sectors like cars, steel, and IT. Owning shares in Tata Sons makes Firoz a billionaire and puts him in a key position to continue his family’s legacy and guide growth in one of Asia’s key business groups.

Sisters Dora and Lívia Voigt de Assis own 3.1% of the Brazilian electrical motor producer WEG, which they inherited from their late grandfather Werner Ricardo Voigt, who cofounded it in 1961. According to Forbes, the siblings have no roles at the company, with Lívia expressing in 2024 that she prefers to maintain a low profile. He is a Norwegian citizen who was gifted nearly half of SalMar, the world’s second-largest salmon farmer, by his father at age 19. His father continues to operate the company, while Witzøe focuses on real estate and tech startup investments.

  • Jonathan now runs Empire Group Holdings with his brother and is the youngest billionaire in Hong Kong.
  • 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.
  • Most of the youngest billionaires inherit wealth from their families.
  • The group, which owns 30 companies spanning everything from cars to jewelry, was founded in 1868 and currently has a presence across six continents and over 100 countries.
  • Their journeys are characterised by determination, resilience, and the ability to seize opportunities.

Age: 32 Citizenship: Hong Kong Source of Wealth: Real Estate Net Worth: $2.4 Billion

We have created this article to list the youngest billionaires as per Forbes List. He co-founded Carvana, an online platform for buying and selling used cars, which went public in 2017 under his leadership. He owns OnlyFans, a popular subscription site, which has seen rapid growth and substantial revenue, making Radvinsky a new entrant on the Forbes list. A co-founder of Airbnb, he was the startup’s first engineer and has played a pivotal role in its growth, maintaining involvement in several key business areas. Dora Voigt d Assis is the older sister of Livia Voigt de Assis, the youngest billionaire on this list.

There are about 3,279 Billionaires in the world, 167 of them or 5% increase from the year 2023. China even after losing 155 billionaires from the previous year still tops the list with  814 billionaires. Next is the U.S. with 800 billionaires and then comes India with 271 billionaires. Regardless of how they came by their wealth, today’s young billionaires are not just building empires; they are shaping the future. They remind us that dreams can come true when pursued with passion and perseverance.

In 2017, he founded the defense technology company Anduril, which has been sending drones to Ukraine. Meet the top eight youngest billionaires in the world, according to Forbes at the time of writing, and find out how they accumulated their vast fortunes at such a young age. Clemente inherited money from his father, Leonardo Del Vecchio, the founder of Luxottica, the world’s largest eyewear firm. He is among the youngest heirs and the Del Vecchio family has a long history of involvement in the Italian eyewear and luxury goods industries. At 29 years old, Gustav Magnar Witzoe has amassed considerable wealth through his stake in SalMar ASA, a prominent salmon farming company.

Age: 22 Citizenship: Germany Source of Wealth: Drugstores Net Worth: $3.6 Billion

At Trump’s inauguration, the presence of the world’s billionaires quickly captivated the public. TEMPO.CO, Jakarta – A remarkable combination of youth and wealth, the world is home to several young billionaires who have achieved incredible financial success. These individuals come from diverse backgrounds and industries and showcase a wide range of accomplishments. Get the latest creative news from FooBar about art, design and business.

Craven is now worth $2.8 billion (P160 billion), with Stake generating $4.7 billion (P268 billion) in the past year. Zahan Mistry is the heir to the Shapoorji Pallonji Group, India’s largest building and engineering firm created by his family. The Mistry family is well-known for their involvement with Tata Sons and industrial leadership.

Age: 21 Citizenship: Italy Source of Wealth: Luxottica Net Worth: $3.5 Billion

Just 19 years old and still in college, she’s worth an estimated $1.1 billion thanks to her minority stake top 10 youngest billionaires in the world in the electrical equipment producer WEG, which her late grandfather cofounded. She and her older sister, Dora Voigt de Assis, 26, are two of seven fresh faces among the 25 youngest billionaires, and two of 18 heirs among this set. According to Forbes’ real-time billionaires list, Clemente Del Vecchio tops the list of youngest billionaires in the world.

Dangote, the founder and CEO of the Dangote Group, the largest conglomerate in West Africa, ranks as the 83rd-richest person—and the richest Black person—on the planet. He’s worth an estimated $23.9 billion, up from $13.4 billion on last year’s list after nearly doubling his fortune with the opening of Africa’s largest oil and gas refinery. The $23 billion project converted a Nigerian marshland into the seventh-largest refinery in the world. Along with her younger sister, Kim Jung-youn, Jung-min inherited around a third of their family’s assets—including a 15% stake each in game maker Nexon—after their father Kim Jung-ju died in February 2022.

Age: 28 Citizenship: Norway Source of Wealth: Investments Net Worth: $1.7 Billion

At just 27 years old, Leonardo Maria Del Vecchio oversees strategy at Luxottica, an Italian eyewear conglomerate. His family’s company has a strong global presence, and his role in its growth has significantly contributed to his wealth. Next up is Michal Strnad, also 30 years old, who leads the Czechoslovak Group, a company specializing in supplying ammunition to the Ukrainian army. His net worth stands at an impressive figure, making him one of the youngest billionaires in the world.

He launched the company 1988 and still serves as chairman and CEO. Through his foundation, the Abdul Samad Rabiu Initiative, he also supports education, health and social development projects across Africa. Adenuga made his first $1 million at age 26 as a commodities trader. Now he is one of the richest people in Africa thanks to his mobile phone network, Globacom, and his oil exploration outfit, Conoil.

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