In his spare time, Strnad collects art, sports cars and historic vehicles. Best Startup Story is a leading historian and promoter of positive change. We believe in the power of listening to people, and the power of stories to inspire and empower.
Age: 33 Citizenship: U.S. Source of Wealth: Snapchat Net Worth: $3.1 Billion
He became a billionaire last April, when M&A Research Institute Holdings’ share price skyrocketed thanks to spiking revenues and a surge of M&A activity in Japan. The rest are from Brazil, South Korea and Hong Kong (all heirs), or Japan and the United States (all self-made). These inheritances illustrate the beginning of a long-anticipated generational wealth transfer among aging populations around the world. In the United States, Baby Boomers and their elders (those born in 1964 or earlier) hold $95.9 trillion of a total $147.1 trillion of household wealth, per the Federal Reserve.
He inherited his wealth when his father died in a 2021 helicopter accident at age 69. The bulk of his fortune comes from an estimated 2.5% stake in the French software company Dassault Systèmes and an estimated 4.1% stake in Dassault Aviation. His great-grandfather, a Holocaust survivor, laid the foundations for the family fortune when he invented an airplane propeller the French used in the First World War. Like his brother Firoz, his wealth comes from a 4.6% stake in the Tata conglomerate as well as a 25% stake in construction giant Shapoorji Pallonji Group. He and Firoz have been taking on leadership roles in the debt-laden SP Group and helping to reorganize it in the wake of their father’s death.
Age: 33 Citizenship: Ireland Source of Wealth: Stripe Net Worth: $7.2 Billion
- Best Startup Story is a leading historian and promoter of positive change.
- He is the third Del Vecchio sibling and the fourth heir to an eyeglasses fortune among the 33-and-under set.
- Nexon is leading the global online gaming industry and is generating massive wealth for its shareholders.
Like her sister Dora, she owns 3.1% of WEG and has pulled in millions from dividends. She is currently enrolled in university and is completing coursework in psychology. He and his Stanford freshman dormmate Stanley Tang teamed up with MBA student Tony Xu (now 39) to launch DoorDash after noticing that the only food delivery options in the area were a local Chinese joint and Domino’s. They founded the company in 2013, while still at Stanford, and took it public in 2020. The average billionaire is 66, and the oldest person in the ranks is 102.
Trillions are expected to change hands every year as the affluent elderly pass away and leave their fortunes to descendants. Aging billionaires like Charles Koch, 88, and Phil Knight, 86, are currently preparing to pass their inheritances on to their children. Best Startup Story listened to every voice and stood by it, no matter what their position because their stories need to be told. Best Startup Story Dubai welcomes this brave new species of businessmen. It became the greatest platform to glorify entrepreneurship and invention, and encourage and designate the startup ecosystem of the country. As a matter of fact, Best Startup Story has established itself as one of the most significant, trusted, loved, and respected voices in the Dubai entrepreneurship space.
Best Startup Story
Just like her sister, she too has inherited a big stake in NXC after her father’s death. Despite her significant wealth, she enjoys a private lifestyle and not handle company operations directly. Nexon is leading the global online gaming industry and is generating massive wealth for its shareholders.
Franz von Baumbach – Net Worth: $5.4 billion
- Kim Jung-youn, the younger daughter of Kim Jung-ju, the founder of Nexon, the global gaming giant, is next on the list.
- They received their minority stakes in Tata after the 2022 death of their father, Cyrus Mistry, who died less than three months after their revered grandfather Pallonji Mistry.
- Currently, she is pursuing her university studies in psychology and does not hold any position in her family business.
- He and Firoz have been taking on leadership roles in the debt-laden SP Group and helping to reorganize it in the wake of their father’s death.
- Though he and his brothers are Irish citizens, they live in Mumbai, where both the SP Group and Tata are based.
Now he and Murphy, 35, together own about a quarter of publicly traded Snap Inc., which generated $4.6 billion in revenue last year. In 2022, he paid off the student loan debt for the entire graduating class of the Otis College of Art and Design, where he’d taken classes during high school. This year, the 25 youngest people on the Forbes’ World’s Billionaires list are all 33 or younger. A few are self-made, having built notable companies like Snap (Evan Spiegel, 33), Gymshark (Ben Francis, 31) and Oculus VR (Palmer Luckey, 31). Nineteen until July, and two months younger than Clemente Del Vecchio, she is the world’s youngest billionaire.
Luca Del Vecchio
She and her sister hold 9% stakes in game developer Nexon, mostly through the holding company NXC as well as another called Wise Kids. Those assets, plus millions in dividends, make up the bulk of their fortunes. They paid a hefty inheritance tax after their father’s 2022 death in the form of NXC shares that gave the government a 29.3% stake in the company. Her great-great-great grandfather purchased the tobacco producer Tiedemanns Tobaksfabrik in 1849 and built it into a family cigarette empire that lasted until Andresen’s father sold it in 2005.
Though he and his brothers are Irish citizens, they live in Mumbai, where both the SP Group and Tata are based. Maxim Tebar, the fourth-generation heir to the leading German chainsaw manufacturing company, Stihl, is next on the list. This company was founded in 1926 by his great-grandfather, Andreas Stihl, and today that small engineering venture has transformed into a global powerhouse. By expanding its operations in over 160 countries, the company has reinforced its position as the world’s best-selling chainsaw brand. He is the third Del Vecchio sibling and the fourth heir to an eyeglasses fortune among the 33-and-under set. Like his brothers, he owns 12.5% of the holding company Delfin, which has stakes in a range of companies that include the Ray-Ban producer EssilorLuxottica.
We have covered some of the Best Startup Stories in Dubai, top 10 youngest billionaires in the world UAE for you to inspire. She and her sister Jung-youn each own approximately 9% of the South Korean-Japanese online gaming publisher Nexon, founded by their late father Kim Jung-ju in 1994. Nexon’s hit role-playing video game MapleStory, released in 2003, helped popularize the free-to-play model whereby users paid only for cosmetic, nonessential accessories for their characters.
He was only 19 when his father gifted him nearly half of the fish farming behemoth SalMar. Eleven years later, his dad continues to operate the company while Gustav focuses on real estate and tech startup investments. SalMar’s share price has soared 800% over the past decade, inflating the younger Witzøe’s wealth along with it. He’s now Norway’s fifth-richest person and its biggest taxpayer, having given the government NOK 292.4 million—the equivalent of about $29.6 million—in 2022. Exporting to over 50 countries, SalMar is the world’s second largest salmon farmer.
Continue reading this blog and check the latest list of Top 10 Youngest billionaires in the world 2025. Alexandr Wang stands out as a self-made billionaire, having built his fortune through his artificial intelligence startup Scale AI, demonstrating that not all young billionaires inherit their wealth. Young billionaires often inherit substantial fortunes but many also expand their wealth through innovative ventures, technological breakthroughs, and strategic investments. These young tycoons come from diverse backgrounds, with industries ranging from pharmaceuticals and tech to luxury goods and gaming. Despite their age, they are already making a significant impact on the global economy, shaping industries and defining future business trends.
Then there’s Sophie Luise Fielmann, 29, German heiress to Fielmann AG, an eyeglasses fortune left by her father, Günther Fielmann, who died in January at age 84. Kim Jung-youn, the younger daughter of Kim Jung-ju, the founder of Nexon, the global gaming giant, is next on the list. After inheriting a 9% stake in NXC, the parent company of Nexon, she became the fourth youngest billionaire in the world. She is not actively involved in the company’s operations, and not much information about her private lifestyle is known because of her low public profile.
How IT Downtime Affects UAE Businesses Tips for Cost, Risk & Prevention
The company says it produces enough to feed every Norwegian a nightly fish dinner. They received their minority stakes in Tata after the 2022 death of their father, Cyrus Mistry, who died less than three months after their revered grandfather Pallonji Mistry. She and her sister Livia are the youngest granddaughters of Werner Ricardo Voigt, the billionaire cofounder of the Brazilian electrical equipment producer WEG, who died in 2016. They each own 3.1% of WEG, slightly less than the 3.9% stakes owned by their older cousins Eduardo and Mariana. WEG exports to over 135 countries and is one of the world’s biggest electric motor manufacturers. When they transitioned into sewing and screen printing fitness clothing in Francis’ parents’ garage, their sportswear brand was born.
Comentaris recents