The world’s 8 richest young billionaires of 2024 – net worths, ranked

Meet the top eight youngest billionaires in the world, according to Forbes at the time of writing, and find out how they accumulated their vast fortunes at such a young age.

8. Gustav Magnar Witzøe, 30 – US$4.2 billion

When he was only 19 years old, Norwegian Gustav Magnar Witzøe’s father gave him nearly half the family’s fish farming company SalMar – the world’s second largest salmon farmer exporting to over 50 countries – in a move to avoid a large tax inheritance bill, according to New Zealand Herald.

7. Michal Strnad, 31 – US$4.5 billion

Michal Strnad is the owner and CEO of Czechoslovak Group, better known as CSG, which he inherited from his father in 2018, according to the CSG website. The company is one of the biggest ammunition producers in the EU, per Reuters, specialising in weapons, army trucks and vehicles and radars. Czech watchmaker PRIM also falls under its umbrella.

5-6. Clemente Del Vecchio, 19 and Luca Del Vecchio, 22 – US$4.9 billion each

3-4. Firoz Mistry, 27 and Zahan Mistry, 25 – US$5.1 billion each

Brothers Firoz and Zahan Mistry, each worth US$5.1 billion, owe their enormous wealth to their stakes in the Tata conglomerate and construction company Shapoorji Pallonji Group, which they both inherited. They shot to the rich list suddenly in 2022 when their father tragically died in a car accident, a mere three months after the death of their 93-year-old grandfather, who was Tata’s largest individual shareholder at the time, according to India Times. The young Irish businessmen now live in Mumbai, where both companies are based.

2. John Collison, 33 – US$7.2 billion

Irish entrepreneur John Collison is the co-founder and president of Stripe, a company that allows businesses and individuals to accept online payments, which he co-founded in 2010 with brother Patrick. By 2016, Collison was the world’s youngest self-made billionaire.

1. Mark Mateschitz, 31 – US$39.6 billion

Red Bull heir Mark Mateschitz shot to the top of the young billionaires rich list in 2022 when he inherited 49 per cent of the company following his founder father Dietrich Mateschitz’s death, per Business Insider. With Red Bull generating US$11.6 billion in revenue and selling 12.1 billion cans worldwide last year alone, according to its website, it’s no wonder Mark’s net worth is in a league of its own. It seems Red Bull really does give you wings – and a lot of wealth, too.