Austrian Mark Mateschitz, 31, is the world's richest young billionaire worth a ... trends now
Forbes has released its much-anticipated list of the youngest billionaires in the world, all of whom have accumulated their wealth before reaching the age of 33.
When put together, the list of 25 is worth over a staggering $110billion.
A few of this year's title holders are self-made after building up businesses such as Snapchat and Gymshark, but many are the product of inherited fortunes and generational wealth.
This year, the Forbes richest young billionaire is Mark Mateschitz, who netted his eye-watering fortune of $39.6billion by inheriting almost half of Red Bull.
The Austrian billionaire took the lead in the rich race by a massive $32.4billion, as the second place went to John Collison who has a net worth of $7.2billion.
Most impressively, 19-year-old Brazilian Livia Voigt also earned a spot on the list thanks to her 3.1 per cent ownership of WEG Industries - a company that produces electric motors, generators, and other industrial machinery.
The teenager is still in college, and made the list alongside her older sister Dora Voigt de Assis, 26, who are two of seven among the 25 youngest billionaires with their net worth's of $1.1billion.
For the first time in 15 years, every billionaire under 30 inherited their fortune, according to Forbes.
Nearly all of the 25 who claimed a spot are richer than last year and a 60 per cent chunk - tallying up to 15 - of the youngest billionaires are from Europe.
The remaining 10 are from around the globe, including billionaire heirs from Brazil, South Korea and Hong Kong, and self-made billionaires from Japan and the United States.
1. Mark Mateschitz, 31, $39.6billion (Red Bull)
The Austrian entrepreneur is a billionaire heir who owns 49 per cent of Red Bull.
The energy drink was co-founded by his father, Dietrich Mateschitz, in 1987, before being handed the whopping chunk of the business in 2022, when his father died.
Mark Mateschitz, son of Dietrich Mateschitz, and the CEO of RedBull
Dietrich cofounded Red Bull with Thai businessman Chaleo Yoovidhya - Yoovidhya's son Chalerm is also a billionaire today.
Before his father passed away age 78, Mateschitz had run Red Bull's organic division, but resigned as he did not want to be both an employee and shareholder of the same company.
He also sits on the board of the Red Bull Wings for Life Foundation, which is run chiefly by his mother.
Since its launch, more than 100 billion cans of Red Bull have been sold worldwide, including over 12 billion in 2023, while generating $11.6billion in revenue last year.
2. John Collison, 33, $7.2billion (Stripe)
The self-made billionaire John Collison and his younger brother Patrick, 35, sold their first start-up for $5million in 2007, while he was in secondary school.
The business - an eBay management software named Automatic - was formed by the brothers alongside Harj and Kulveer Taggar.
The self-made billionaire John Collison and his younger brother Patrick, 35, sold their first start-up for $5million in 2007
But the selling of the company was just the first step towards Collison's billion-dollar fortune.
The Harvard-educated pilot and pianist co-founded Stripe, a payment software that was backed by Elon Musk, Peter Thiel, Max Levchin, and Sequoia Capital.
In November 2016, the Collison brothers became the world's youngest self-made billionaires, worth at least $1.1billion after an investment in Stripe from CapitalG.
An employee tender offer in February valued the company at $65 billion.
3. Firoz Mistry, 27, $4.9billion (Tata Sons)
Alongside his brother, Firoz and Zahan Mistry are the richest of the 30-and-unders thanks to their mind-blowing net worth of $4.9billion.
Mistry has a 4.6 per cent stake in Tata Sons - an Indian conglomerate that owns 29 public companies including Tata Consultancy and Tata Motors.
The parent company of the Tata Groups generated a massive $150billion in revenue last year.
Mistry inherited his stake in the business in 2022 after his father died in a car accident, just under three months after his grandfather - the sole chairman of Tata and its largest individual shareholder - died age 93.
His uncle Shapoor Mistry claims the rest of the family's 18.4 per cent stake in the business.
4. Zahan Mistry, 25, $4.9billion (Tata Sons)
Like his older brother, Zahan Mistry inherited a 4.6per cent stake in Tata following his father's death.
But the billionaire also has a 25 per cent stake in Shapoorji Pallonji Group - a construction giant in India.
Firoz and Zahan Mistry each have a 4.6 per cent stake in Tata Sons - an Indian conglomerate that owns 29 public companies including Tata Consultancy and Tata Motors
Both he and his brother have been trained to run the business by Shapoor Mistry, a report by the Economic Times stated in 2022.
The pair were also given executive roles within the company, as they helped bring back to life the business that had been sinking in debt after their father passed away.
Though he and his brothers are Irish citizens, they live in Mumbai, where both the SP Group and Tata are based.
5. Luca Del Vecchio, 22, $4.7billion (Delfin)
One of the youngest on the list, at just 22-years-old, Italian Luca Del Vecchio has his 12.5 per cent ownership of Delfin, the holding company that has stakes in the eyeglasses giant EssilorLuxottica, to thank for his mind-blowing fortune.
Delfin is also has stakes in the insurer Generali, the banks Mediobanca and UniCredit and the real estate developer Covivio.
Vecchio is one of six children of Leonardo Del Vecchio, the late chairman of EssilorLuxottica.
Luxottica is the world's largest producer and retailer of glasses and frames, with 77,734 employees and over 8,000 stores.
After the death of his father in 2022, Vecchio inherited his stake in Delfin along with his step-mother and six siblings.
At the time of his death, Vecchio's father's net worth was estimated at $24.1billion - making him the second richest person in Italy, and the 54th in the world.
6. Leonardo Maria Del Vecchio, 28, $4.7billon (Delfin)
As the brother of Luca Vecchio, Del Vecchio also claimed a 12.5 per cent stake in Delfin - EssilorLuxottica.
Del Vecchio is the chief strategy officer within the firm that also owns designer glasses brand Ray-Ban.
Leonardo Maria Del Vecchio is CEO of eyeglasses retailer Salmoiraghi & Viganò
He joined Luxottica in November 2017 as part of the Wholesale team in the EMEA Region.
His focus was on supporting the largest wholesale subsidiaries in Europe and the Middle East.
More recently, Leonardo Maria successfully led one of Group's most important retail projects: Ray-Ban flagship store openings in Milan, Rome and Verona.
He is one of only two of his father's heirs to work at the company, as well as being the CEO of eyeglasses retailer Salmoiraghi & Viganò, which EssilorLuxottica acquired for an undisclosed amount in 2016.
7. Clemente Del Vecchio, 19, $4.7billion (Delfin)
Also a Vecchio sibling, Clemente is the fourth heir to the eyeglasses fortune among the 33-and-under group.
Like his older siblings, he owns 12.5% of the holding company Delfin.
Clemente Del Vecchio is the fourth heir to the eyeglasses giant EssilorLuxottica
He is one of two children Del Vecchio had with Sabina Grossi, Luxottica's former head of investor relations, along with his brother Luca.
After inheriting his stake in his father's fortune in 2022, Vecchio became the world's youngest billionaire at age 18.
Vecchio reportedly owns several luxury properties in Italy, including a villa in Lake Como and an apartment in Milan.
The three brothers currently live in Milan, Italy.
8. Michal Strnad, 31, $4.4billion (CSG)
The father of Michal Strnad once owned a small scrapyard in the Czech Republic, who started out by renovating ex-Soviet equipment at the end of the Cold War.
He then transformed the business into the $3.2billion defense producer Czechoslovak Group (CSG) - headquartered in Prague.
Michal Strnad was handed down his father's $3.2billion defense producer business, Czechoslovak Group, in 2018
Established in 1995, CSG operates in several key sectors including defense, aerospace, ammunition, automotive, and railway industries.
The business also produces special army trucks, army vehicles, active radars, among other products.
Strnad took over ownership of the company and became CEO in 2018.
CSG is the fourth largest ammunition producer in the EU, and traditionally one of the big defense industry producers in Europe.
The mega-company also owns a traditional Czech watchmaker - PRIM.
9. Gustav Magnar Witzøe, 30, $4.2billion (SalMar ASA)
The Norwegian billionaire was only 19-years-old when his father gifted him nearly half of the salmon fish farming giant SalMar ASA.
He is one of the youngest billionaires in the world, with his father having made him SalMar's main shareholder.
Gustav Magnar Witzøe is one of the youngest billionaires in the world. He was only 19 when his father gifted him nearly half of the salmon fish farming giant SalMar ASA
SalMar is one of the world's largest producers of farmed salmon and the company also owns a significant stake in Scottish Sea Farms, the UK's second-largest salmon farmer.
Over a decade later, Witzøe's father continues to run the business while he focuses on real estate and tech start-up investments.
He previously worked for MGM Property, and has invested in both Gopi and Keybutler.
He previously worked for MGM Property, and has invested in both Gopi and Keybutler.
Witzøe is now Norway's fifth richest person and its biggest taxpayer, having given around $29.6million to the government in 2022.
SalMar says it produces enough to feed every Norwegian a nightly fish dinner.
10. Kevin David Lehmann, 21, $3.3billion (dm-drogerie markt)
When Lehmann was just 14-years-old, his father gave him his 50 per cent stake in Germany's leading drugstore brand, dm-drogerie markt.
Neither he or his father are operationally involved in the company, which brings in over $1.4billion in annual revenue, and the duo prefer to keep out of the limelight.
Kevin David Lehmann was given a 50 per cent stake in Germany's leading drugstore brand, dm-drogerie markt, by his father
The company started in 1973 when Goetz Werner opened his first shop in Karlsruhe, Germany, and today, dm has some 3,700 locations.
In 1974, Kevin David Lehmann's father, Guenther, then running his family's Pfannkuch grocery chain, invested in dm.
Guenther handed over ownership of his 50% dm stake to Lehmann in 2017, making him one of the world's youngest billionaires.
11. Evan Spiegel, 33, $3.1billion (Snapchat)
The creator of the widely popular Snapchat made the list thanks to his incredible self-made $3.1billion fortune.
Spiegel dropped out of Stanford in 2011 to create the photo-sharing app with his fraternity brothers Bobby Murphy and Reggie Brown.
Evan Spiegel dropped out of Stanford to co-create Snapchat
By the end of 2012, Spiegel's
