Meet the world's youngest billionaire: Livia Voigt

Livia Voigt, a Brazilian student, is the world's youngest billionaire, as per the Forbes Billionaires List 2024.

The nineteen-year-old has a net worth of $1.1 billion, and surpassed Clement Del Vecchio from Italy, heir to EssilorLuxottica to top the list.

The list features 25 billionaires aged 33 or below, collectively having a net worth of $110 billion.

Livia Voigt is the largest individual shareholder of WEG, the largest manufacturer of electrical motors in Latin America. WEG was co-founded by her grandfather, Werner Ricardo Voigt, along with late billionaires Eggon Joao da Silva and Geraldo Werninghaus.

"WEG provides global solutions for electric motors, variable frequency drives, soft starters, controls, panels, transformers, and generators," said the company's website.

Currently pursuing her education at a university in Brazil, Livia does not yet hold a board seat or executive position at WEG.

With a net worth of $1.1 billion, Livia, alongside her older sister Dora Voigt de Assis, joins the ranks of the seven new faces on the youngest billionaire list for 2024. Dora, 26, earned her architecture degree in 2020.

Despite her wealth, Livia remains dedicated to her studies, and is currently enroled as a university student, according to Forbes.

India also has its share of young billionaires making waves on the global stage. Among them are the founders of Zerodha, Nithin and Nikhil Kamath, and the co-founders of Flipkart, Sachin and Binny Bansal.

Nikhil Kamath, aged 37, is India's youngest billionaire with a net worth of $3.1 billion. Binny Bansal, aged 41, is India's second-youngest billionaire with a net worth of $1.4 billion. His brother Sachin, aged 42, is third on the list with a new worth of $1.2 billion.

These entrepreneurs feature prominently on this year's Forbes rich list, showcasing India's vibrant entrepreneurial spirit.