The World’s Youngest Billionaires 2023.

The average billionaire is 65 years old, according to Forbes’ latest ranking of the planet’s richest people, and the eldest is insurance tycoon George Joseph, who’s 101. But old age is not a requirement for amassing great wealth. In fact, there are 15 people around the globe who boast a three-comma fortune despite being 30 years old or younger.

The youngest of this mostly lucky bunch are Clemente Del Vecchio and Kim Jung-youn, neither of whom have hit their 20s yet. Both teens’ successful fathers, Leonardo Del Vecchio and Kim Jung-ju, died in 2022 and left them stakes in their respective companies. Del Vecchio, who turns 19 in May, gets his fortune from a share of his father’s holding company Delfin, which has a stake in eyewear giant Luxottica (known for brands such as Ray-Ban and Sunglass Hut). Not much is known about the young heir, whose six siblings (two of whom are also under 30) and stepmother also make their debut. Even less is known about Kim, whose fortune lies in Japanese-South Korean online gaming giant Nexon. She and her sister Jung-min are believed to be 19 and 21, respectively, but a representative for the company declined to comment on their ages, and Forbes could not find any primary source confirming their dates of birth.

The richest 30-and-under—by far—is Red Bull heir Mark Mateschitz, whose father Dietrich died in October 2022. With an estimated $34.7 billion fortune, he’s worth nearly ten times more than the next-richest young billionaires, Clemente Del Vecchio and his two siblings. Mateschitz is the richest of all 150 newcomers to the 2023 billionaires list.

Overall, 11 of these 15 inherited their fortunes. Just four are self-made entrepreneurs. That includes Ben Francis, who founded activewear maker Gymshark in 2012, when he was 19, and Palmer Luckey, who sold his first startup to Facebook and is back with a successful defense tech business. Both are new members of the billionaire ranks.

There were 15 total 30-and-unders last year, too—but the names have changed considerably thanks to nine newcomers and eight people who dropped out of the billionaire ranks completely, including Brex cofounders Henrique Dubugras and Pedro Franceschi, and DoorDash cofounders Stanley Tang and Andy Fang. They still have plenty of time to make a return—something that will be much more difficult for FTX cofounder Gary Wang, 29, who pleaded guilty to fraud charges in December.

As a group, these 15 youngsters are worth $64 billion in total, $10 billion more than in 2022, largely thanks to Mateschitz’s massive inheritance. Still, accumulating so much money so young remains a rare feat: Together, this exclusive group represents just 0.6% of the world’s 2,640 billionaires.

Here are the 15 members of the World’s Billionaires list who are 30 and under, ranked from oldest to youngest:


Ben Francis

Age: 30 | Citizenship: U.K. | Source of Wealth: Gymshark | Net Worth: $1.2 Billion

Palmer Luckey

Age: 30 | Citizenship: U.S. | Source of Wealth: Virtual reality, defense contracting | Net Worth: $1.7 Billion

Mark Mateschitz

Age: 30 | Citizenship: Austria | Source of Wealth: Red Bull | Net Worth: $34.7 Billion

Michal Strnad

Age: 30 | Citizenship: Czech Republic | Source of Wealth: Weapons | Net Worth: $2 Billion

Gustav Magnar Witzoe

Age: 29 | Citizenship: Norway | Source of Wealth: Fish farming | Net Worth: $2.7 Billion

Ryan Breslow

Age: 28 | Citizenship: U.S. | Source of Wealth: E-commerce | Net Worth: $1.1 Billion

Leonardo Maria Del Vecchio

Age: 27 | Citizenship: Italy | Source of Wealth: Luxottica | Net Worth: $3.5 Billion

Katharina Andresen

Age: 27 | Citizenship: Norway | Source of Wealth: Investments | Net Worth: $1.5 Billion

Wang Zelong

Age: 26 | Citizenship: China | Source of Wealth: Pigment production | Net Worth: $1.4 Billion

Alexandra Andresen

Age: 26 | Citizenship: Norway | Source of Wealth: Investments | Net Worth: $1.5 Billion

Luca Del Vecchio

Age: 21 | Citizenship: Italy | Source of Wealth: Luxottica | Net Worth: $3.5 Billion

Kim Jung-min

Age: 21 | Citizenship: South Korea | Source of Wealth: Online gaming | Net Worth: $1.7 Billion

Kevin David Lehmann

Age: 20 | Citizenship: Germany | Source of Wealth: Drugstores | Net Worth: $2.3 Billion

Kim Jung-min

Age: 19 | Citizenship: South Korea | Source of Wealth: Online gaming | Net Worth: $1.7 Billion

Clemente Del Vecchio

Age: 18 | Citizenship: Italy | Source of Wealth: Luxottica | Net Worth: $3.5 Billion


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