As per the latest Forbes 2023 World Billionaires List, there are fifteen extraordinary individuals aged below 30, whose combined net worth stands at a whopping $64 billion. Out of these, eleven were born into affluent families, inheriting their fortunes, while the other four are the epitome of self-made entrepreneurs, who toiled their way to success. Interestingly, a couple of these billionaires are still in their teenage years, and at least one of them chose to forgo higher education, opting instead for an unconventional path to the top.
Peeking into the World’s Richest Youth
Mark Mateschitz, the scion of the Red Bull dynasty, reigns supreme with a jaw-dropping net worth of $34.7 billion, earning him the coveted title of the wealthiest person under 30 on the planet. Mark inherited a 49% stake in the energy drink conglomerate after the demise of his father, Dietrich Mateschitz, last year. In 2022, Red Bull’s sales soared by nearly 25%, with a staggering 11.6 billion cans sold worldwide, boosting the company’s already staggering profits.
Meet the Top Five Young Billionaires
The Forbes list of billionaires under 30 is replete with awe-inspiring names, with the likes of Clemente Del Vecchio, Gustav Magnar Witzoe, Kevin David Lehmann, and many more, who have etched their names in history as the world’s wealthiest youth. Clemente, an Italian who is barely 18 years old, is the second-richest individual on the Forbes list, inheriting a colossal fortune of $3.5 billion (alongside his two siblings) from his father, the founder of Luxottica. Gustav, a 29-year-old Norwegian, inherited almost half of his family’s Norwegian salmon farming company, SalMar, and has diversified his portfolio by becoming a tech start-up investor, amassing a fortune of $2.7 billion. Kevin David Lehmann, a 20-year-old German, who inherited a 50% stake in the renowned chemist chain dm-drogerie from his father at the tender age of 14, has come a long way since then, boasting a jaw-dropping net worth of $2.3 billion.
Exploring the Fresh Additions to the List
The Forbes list is not short of new faces either, with young, dynamic individuals, including the Korean sisters Kim Jung-min and Kim Jung-youn, who inherited about one-third of their family’s assets, including a 15% stake each in the famed game maker Nexon, and have a net worth of $1.7 billion. Ben Francis, a 30-year-old Briton, founded the popular activewear brand, Gymshark, and has amassed a fortune of $1.2 billion. Palmer Luckey, who sold his VR headset making company Oculus to Facebook for an astounding $2 billion, has a net worth of $1.7 billion. Ryan Breslow, a 28-year-old entrepreneur, who has founded three successful start-ups and dropped out of Stanford University, experienced a slight dip in his fortune but is still a force to reckon with, with a net worth of $1.1 billion.
Glaring Omissions
The Forbes list, however, is not without its fair share of controversies. FTX co-founder Gary Wang, who topped the list of youngest billionaires in 2022 with a net worth of $5.9 billion, has been omitted from this year’s list after pleading guilty to fraud charges in December. Such omissions serve as a stark reminder that while wealth may be amassed quickly, it can just as quickly be taken away.
Conclusion
The Forbes 2023 World Billionaires List showcases the young, ambitious individuals who have defied the odds and achieved massive success at a remarkably young age. From heirs to entrepreneurs, these individuals have amassed a fortune that most people could only dream of, leaving behind a legacy that will be remembered for generations to come. However, the list is also a reflection of the changing times, where traditional modes of success are being replaced by innovation and technological prowess. As we move forward, it will be fascinating to see who will break into the Forbes 2024 World Billionaires List, and what remarkable achievements they will have accomplished to earn a spot among the world’s wealthiest.
Google News | Telegram
