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CEOWORLD magazine - Latest - Money and Wealth - Ranked: 20 of the world’s youngest billionaires in 2023

Money and Wealth

Ranked: 20 of the world’s youngest billionaires in 2023

Stock Exchange

With a net worth of nearly 3.8 billion U.S. dollars, Clemente Del Vecchio, aged 19, is the youngest billionaire on the planet, primarily attributed to his late father’s eyeglass empire, Luxottica. He was followed by Kim Jung-youn ($1.2 billion), Kevin David Lehmann ($2.5 billion), Kim Jung-min ($1.2 billion), and Luca Del Vecchio ($3.8 billion).

The oldest billionaire is George Joseph, who is 101 and the average age of all billionaires is 65. There are 10 billionaires that are 30 years old or younger, with Clemente Del Vecchio and Kim Jung-youn being the youngest, both still under 20 years old. They became billionaires after their fathers, Leonardo Del Vecchio and Kim Jung-ju, passed away in 2022 and left them shares of their companies.

Who is Clemente Del Vecchio?

Clemente Del Vecchio hails from the prominent Del Vecchio family; his father, Leonardo Del Vecchio, was an Italian billionaire businessman renowned as the founder and chairman of Luxottica, the world’s largest producer and retailer of glasses and frames. Upon his father’s passing, Clemente and his five siblings inherited his vast fortune, propelling them to the world’s wealthiest individuals. This Italian conglomerate encompasses esteemed eyewear brands such as Oakley, Oliver Peoples, Persol, and Ray-Ban. He inherited a 12.5% stake in his father’s Luxembourg-based holding company Delfin, after his death, along with his stepmother and six siblings. After inheriting his stake in his father’s fortune in 2022, Clemente became the world’s youngest billionaire at age 18.

The world’s youngest billionaires in 2023

RankNameNet worthAgeSourceCountry
Clemente Del Vecchio$3.8 B19EssilorLuxotticaItaly
Kim Jung-youn$1.2 B19NXC - gaming giant NexonSouth Korea
Kevin David Lehmann$2.5 B21drogerie marktGermany
Kim Jung-min$1.2 B21NXC - gaming giant NexonSouth Korea
Luca Del Vecchio$3.8 B22EssilorLuxotticaItaly
Alexandra Andresen$1.5 B27Investment company FerdNorway
Wang Zelong$1.0 B27CNNC Hua Yuan Titanium DioxideChina
Leonardo Maria Del Vecchio$3.8 B28EssilorLuxotticaItaly
Katharina Andresen$1.5 B28Investment company FerdNorway
Ryan Breslow$1.1 B29BoltUnited States
Gustav Magnar Witzoe$3.3 B30Salmar ASANorway
Palmer Luckey$1.8 B30Oculus VRUnited States
Stanley Tang$1.1 B30DoorDashUnited States
Mark Mateschitz$38.5 B31Red BullAustria
Jonathan Kwok$2.5 B31Sun Hung Kai Properties - Empire Group HoldingsHong Kong
Michal Strnad$2.0 B31Czechoslovak Group (CSG)Czech Republic
Ben Francis$1.3 B31Solihull - GymsharkUnited Kingdom
Andy Fang$1.1 B31DoorDashUnited States
John Collison$5.5 B33StripeIreland
Evan Spiegel$2.6 B33SnapchatUnited States

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CEOWORLD magazine - Latest - Money and Wealth - Ranked: 20 of the world’s youngest billionaires in 2023
Alexandra Dimitropoulou

Alexandra Dimitropoulou

VP and News Editor
Alexandra Dimitropoulou is a VP and News Editor at CEOWORLD magazine, working to build and strengthen the brand’s popular, consumer-friendly content. In addition to running the company’s website, CEOWORLD magazine, which aims to help CEOs, CFOs, CIOs, and other C-level executives get smarter about how they earn, save and spend their money, she also sits on the Board of Directors of the Global Business Policy Institute. She can be reached on email alexandra-dimitropoulou@ceoworld.biz. You can follow her on Twitter at @ceoworld.