Livia Voigt, a 19-year-old Brazilian student, has clinched the title of the world's youngest billionaire as per the 2024 Forbes Billionaires List. This year's roster showcases a youth-dominated trend, with the 25 youngest billionaires, all under 33 years old, boasting a collective wealth of $110 billion.

Who is Livia Voigt?

Livia Voigt, the youngest billionaire globally, has outpaced Clement Del Vecchio, the heir to EssilorLuxottica, who is only two months her senior.

Livia Voigt's riches stem from her substantial stake in WEG, Latin America's leading manufacturer of electrical motors. The company was co-founded by her grandfather, Werner Ricardo Voigt, along with the late billionaires Eggon Joao da Silva and Geraldo Werninghaus.

Presently pursuing her university education in Brazil, Ms. Voigt has yet to secure a board seat or executive role at WEG.

Livia Voigt boasts a net worth of $1.1 billion. Alongside her older sister, Dora Voigt de Assis, she is among the seven fresh faces on the 2024 youngest billionaire list. Dora, aged 26, completed her architecture degree in 2020.

Livia Voigt is an integral part of the WEG legacy, a multinational corporation with operations spanning over 10 countries. In 2022, WEG amassed revenues of approximately $6 billion.