For the first time since 2009, none of the individuals listed as billionaires under 30 by Forbes earned their wealth independently. This year, out of the 25 youngest billionaires worldwide, 18 inherited their fortunes. This trend is attributed partly to ageing self-made billionaires entering their 30s without replacements emerging in similar financial circumstances. Forbes highlights this as the beginning of a significant generational wealth transfer, with trillions expected to change hands as affluent elders pass away, leaving their fortunes to their descendants. Among these young billionaires is 19-year-old Livia Voigt from Brazil, who inherits a minority stake in her late grandfather’s company, WEG, making her the world’s youngest billionaire. Other notable young billionaires include Leonardo Maria del Vecchio of Italy, who inherited his wealth after his father’s passing, and the Mistry brothers from Ireland, who received stakes in their family business, Tata Group, following their grandfather’s death.
