He will turn 19 next May and the youngest billionaire in the world, according to Forbes magazine. His name is Clement Del Vecchio he is one of the youngest sons of Leonardo Del Vecchio, founder of Luxottica and president of EssilorLuxottica who died on June 27, 2022. His mother is Sabina Grossi.
His young age is unusual among billionaires according to the American magazine. The average age of billionaires is 65. Those who have fortunes when young are usually heirs such as Clemente Del Vecchio who would have a capital of 3.5 billion dollars at his disposal given that the assets left by his father, Leonardo, is estimated at 27.3 billion dollars and was divided between heirs including last wife and Clement’s five brothers: Claudio, Marisa, Paola, Leonardo Maria and Luca. Luxottica is the world’s largest holding company for the production and sale of eyewear and lenses. It has about 80,000 employees and over 9,000 shops.
There are 15 people in the world under the age of 30 and with a fortune in the billions. The two youngest are Clemente Del Vecchio and Kim Jung-youn, whose father died in 2022 and from whom he inherited the Japanese-South Korean online gaming giant Nexon. Forbes says that this girl and her sister would be 19 and 21 respectively, although there is no official confirmation. Two other brothers of Clemente are in the standings. the 27 year old Leonardo Maria and the 21 year old Luca.
Richest of all is 30-year-old Red Bull heir Mark Mateschitz. His fortune is estimated at 34.7 billion dollars, more than half of the 64 billion assets of all 15 under 30 billionaires. 11 inherited their fortunes, four are self-made entrepreneurs. Among these Ben Francis is the founder of the sportswear brand Gymshark. Gaming whiz Palmer Luckey founded VR headset maker Oculus and sold it to Facebook for $2 billion in 2014 and then worked on a defense tech startup. Ryan Breslow founded three startups, four years apart.
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Source: Vanity Fair
I’m Susan Karen, a professional writer and editor at World Stock Market. I specialize in Entertainment news, writing stories that keep readers informed on all the latest developments in the industry. With over five years of experience in creating engaging content and copywriting for various media outlets, I have grown to become an invaluable asset to any team.
