Wang Zelong To Clemente Del Vecchio, 5 Youngest Billionaires In The World – News18

Some people spend their whole lives amassing a fortune of Rs 1 crore, whereas there are younger billionaires globally who, earlier than even reaching faculty, have entered the realm of billions. You will now get to know the names and property of the world’s youngest billionaires, a feat taking others seven lifetimes to attain. The following record consists of people as younger as 19 from numerous areas, showcasing their extraordinary achievements.

Clemente Del Vecchio

Forbes’ Real-Time Billionaire List identifies Clemente Del Vecchio because the youngest billionaire globally. At a mere 19 years outdated, his internet price exceeds $4 billion, equal to Rs 33,000 crore. Notably, he is without doubt one of the six kids of Leonardo Del Vecchio, the chairman of EssilorLuxottica, the world’s largest eyewear firm.

Kim Jung Youn

Securing the second spot on the record is nineteen-yr-outdated Kim Jung Youn from South Korea, boasting a internet price of $1.3 billion. Kim Jung Youn and his older sister, Jung-min, collectively possess round 31 per cent of NXC, making them the biggest shareholders within the on-line gaming firm Nexon. A major a part of their possession has been inherited from their late father, Kim Jung-ju, who based Nexon in 1994.

Luca Del Vecchio

Luca Del Vecchio, one of many six kids of the late Leonardo Del Vecchio, inherited a 12.5 per cent stake within the Luxembourg-based holding firm Delfin after his father’s passing. He has a internet price of $3.9 billion. Luca’s broad portfolio consists of holdings in EssilorLuxottica, shares in insurer Generali, investments in banks like Mediobanca and UniCredit and involvement in actual property growth by means of Covivio.

Wang Zelong

Wang Zelong holds the title of the youngest billionaire in Asia, deriving his wealth from stakes in CNNC Hua Yuan Titanium Dioxide Co., a pigment manufacturing firm listed on the Shenzhen Stock Exchange, and Lomon Billions Group. The 26-yr-outdated, hailing from Jiaozuo, China, boasts an estimated internet price of $1.4 billion.

Kevin David Lehmann

At a mere 20 years outdated, Kevin David Lehmann instructions a fortune of $2.3 billion. His wealth stems from a 50 per cent stake in Germany’s distinguished drugstore chain, DM (Drogerie Markt). Remarkably, neither he nor his father performs a task within the operations of the retail large. The firm’s roots date again to 1973 when Goetz Werner established its preliminary retailer in Karlsruhe, Germany. Since then, DM has grown considerably and now spans over 3,700 places.