5 richest billionaires under 30 boast $24B net worth

The Mistries

Firoz Mistry and Zahan Mistry. Photos courtesy of X/@aotemmaD

In Ireland, Zahan and Firoz Mistry, 25 and 27, each has a net worth of $4.9 billion.

Most of their wealth came from the stake they inherited from their father Cyrus who died in a car crash in 2022.

Each of them has a 18.4% stake in India-based Tata Sons, the holding company that controls conglomerate Tata Group with interests in motors, power and steel among others.

Tata Group owns luxury car brand Jaguar Land Rover.

The Del Vecchios

Clemente and Leonardo Maria Del Vecchio. Photos from Instagram

In Italy, three brothers of the Del Vecchio family, Clemente, Luca and Leonardo Maria (19, 22 and 28) each has a net worth of $4.7 billion.

They are among the six children of Leonardo Del Vecchio, the late chairman of the world’s largest eyeglasses firm EssilorLuxottica.

The three also own shares in insurer Generali, banks Mediobanca and UniCredit and real estate developer Covivio.

Clemente became the world’s youngest billionaire at the age of 18.

Last year each of the three had a net worth of $3.5 billion.

Forbes’ World’s Billionaire List 2024 includes 14 people under 30 with a combined net worth of nearly $41 billion.

All of the world’s billionaires younger than 30 inherited their wealth, the first wave of "the great wealth transfer" in which more than 1,000 wealthy people are expected to pass on more than $5.2 trillion to their heirs over the next two decades, according to the Guardian.