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In 2024, the landscape of young wealth has shifted, revealing a new generation of billionaires who are making headlines not just for their fortunes, but for their remarkable achievements at a young age. As the global economy evolves, these young entrepreneurs and heirs are redefining success and setting new benchmarks in various industries. 

This year’s list of the world’s youngest billionaires highlights individuals who have inherited vast fortunes, led innovative startups and made significant impacts in their fields.

From tech pioneers to heirs of major conglomerates, these young billionaires are not only amassing wealth but also shaping the future with their groundbreaking ventures and strategic investments.

For the first time in 15 years, Forbes' World’s Youngest Billionaires 2024 list does not feature any self-made billionaires under the age of 30, signalling the start of the 'great wealth transfer' to the next generation.

Check out the list of the World’s Youngest Billionaires in 2024.

Mark Mateschitz

Age: 31 

Mateschitz is the youngest billionaire with a net worth of USD 39.6 billion(3960 crores). He became a prominent young billionaire in 2022 when he inherited a 49% stake in Red Bull following his father Dietrich's death, according to Business Insider. He is a board member of the Red Bull Wings for Life Foundation, which is primarily managed by his mother, Anita Gerhardter. 

John Collison

Age: 33

Collison has USD 7.2 billion (720 crores) of net worth. Collison is an Irish entrepreneur and is the co-founder and president of Stripe, which he launched with his brother Patrick in 2010 to streamline online payments. By 2016, Collison had become the youngest self-made billionaire in the world. 

Firoz Mistry and Zahan Mistry

Ages: 27 and 25

Brothers Firoz and Zahan Mistry, each worth USD 5.1 billion (510 crores), inherited their wealth from their stakes in the Tata conglomerate and Shapoorji Pallonji Group. They gained prominence in 2022 following the deaths of their father and grandfather, the latter being Tata’s largest individual shareholder. The Mistry brothers now reside in Mumbai, where their businesses are based. Firoz Mistry, the older sibling, pursued his studies at the University of Warwick, while Zahan Mistry, the younger sibling, completed his education at Yale University.

Clemente Del Vecchio and Luca Del Vecchio

Ages: 19 and 22

Luca and Clemente Del Vecchio, sons of the late EssilorLuxottica chairman Leonardo Del Vecchio have a net worth of USD 4.9 billion (490 crores) each. They both received a 12.5 per cent share each in their father's holding company, which owns the well-known eyewear brand Ray-Ban. Based in Milan, the brothers also hold shares in several major Italian companies, including Generali, Covivio, and UniCredit.

Michal Strnad

Age: 31

Strnad has a net worth of USD 4.5 billion (450 crores). Michal Strnad became CEO of Czechoslovak Group (CSG) in 2018, taking over from his father. Strnad joined his father's company in 2011 and took on various roles within the growing organization, gaining extensive knowledge of the Group. In 2015, he was appointed Chairman of the Board of Directors of Czechoslovak Group, and by 2018, he became its owner.

Gustav Magnar Witzøe
Age: 30

Witzøe has a net worth of USD 4.2 billion(420 crores). At 19, Norwegian Gustav Magnar Witzøe inherited nearly half of SalMar, the world’s second-largest salmon farming company, from his father to avoid a significant inheritance tax, according to the New Zealand Herald. 

He now focuses on tech startups and real estate while his father continues to manage SalMar. Gustav is also known for his frequent appearances at the Met Gala and for modelling for various brands and magazines.