Who is the youngest billionaire in the world?

Livia Voigt. Photo from Instagram/liviavoigta

The teenager is among the 18 heirs to the WEG electrical motor fortune, as reported by The Sun.

She and her sister, Dora Voigt de Assis, 26, each inherited a 3.1% stake in the company from their late grandfather and WEG co-founder Werner Ricardo Voigt, who passed away in 2016.

Neither sister occupies a board seat or executive position at WEG.

They instead choose to lead quiet lives with their family in Florianópolis, Brazil.

To put Livia's fortune into perspective, if her $1.1 billion were evenly spread over the years of her life, it would amount to an average of $152,200-158,500 per day since her birth in 2004, as detailed by the U.K.-based news site Absolutely Business.

Livia and Dora are two of the seven new entrants to Forbes' list of the 25 youngest billionaires of this year.

Their two cousins, Eduardo Voigt Schwartz and Mariana Voigt Schwartz Gomes, also have stakes in WEG and are included in the magazine’s 2024 billionaire list.

WEG, headquartered in Jaraguá do Sul, Brazil, is one the largest manufacturers of electric motors, generators and transformers, gear units, and geared motors in the world.

With its products reaching over 135 countries, the company boasts revenues exceeding $6 billion in 2023.