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PHOTOS: 5 Youngest Billionaires In The World
Published
6 months agoon
By
Editor
The world of billionaires showcases a fascinating dichotomy with many of the youngest billionaires inheriting their fortunes from family wealth.
Some, however, are self-made individuals who have managed to carve out their own financial success through innovation, entrepreneurship, and strategic investments.
Regardless of how they attained their wealth, these young billionaires are not just amassing fortunes—they are shaping industries, influencing economies, and redefining the future of business.
Here is a closer look at the five youngest billionaires in the world, according to the Forbes Real-Time Billionaires List as of January 2025:
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1. Clemente Del Vecchio (Age: 20 | Net Worth: $5.8 Billion | Country: Italy)
Clemente Del Vecchio, the youngest billionaire in the world, inherited his wealth as the son of the late Leonardo Del Vecchio, the founder of EssilorLuxottica, the world’s largest eyewear company. With a controlling stake in the business empire, Clemente has joined the ranks of Italy’s wealthiest individuals at a remarkably young age. While much of his fortune comes from inheritance, he has also shown interest in investment opportunities, particularly in luxury brands and fashion startups.
2. Livia Voigt (Age: 20 | Net Worth: $1.3 Billion | Country: Brazil)
Livia Voigt’s fortune comes from her family’s stake in Weg S.A., a multinational company specializing in electrical equipment and automation. Her grandfather, Werner Ricardo Voigt, co-founded the company, which has since become one of the largest industrial manufacturers in Latin America. Despite her young age, Livia is expected to play a more active role in the family business in the future, with interests in corporate governance and industrial innovation.
3. Kim Jung-youn (Age: 20 | Net Worth: $1.2 Billion | Country: South Korea)
Kim Jung-youn is one of the youngest billionaires in South Korea, inheriting her wealth from her late father, Kim Jung-ju, the founder of Nexon, a leading video game company. Nexon is responsible for developing popular online games such as MapleStory and Dungeon & Fighter. Despite inheriting her stake in the company, Kim has remained largely private about her future plans in the gaming and technology sectors.
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4. Kevin David Lehmann (Age: 22 | Net Worth: $3.2 Billion | Country: Germany)
Kevin David Lehmann inherited a controlling stake in dm-drogerie markt, Germany’s largest drugstore chain, from his father, Guenther Lehmann. The family business, founded in 1973, has grown into a retail giant with thousands of stores across Europe. Although Kevin maintains a low profile, his wealth continues to grow as the company thrives in the highly competitive retail sector.
5. Luca Del Vecchio (Age: 23 | Net Worth: $5.8 Billion | Country: Italy)
Luca Del Vecchio, like his younger brother Clemente, inherited a vast fortune from their father, Leonardo Del Vecchio, the legendary Italian businessman behind EssilorLuxottica. With their family’s deep roots in the eyewear industry, both brothers hold significant stakes in the company, which dominates the global market for luxury eyeglasses and lenses.
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Headline
Nigerian Man Pleads Guilty In US To $405,000 Romance Scam Against American Women
Published
1 day agoon
August 30, 2025By
Editor
A40-year-old Nigerian man, Daniel Chima Inweregbu, has pleaded guilty in the United States to charges of conspiracy to commit mail and wire fraud, as well as money laundering, in connection with a romance scam that defrauded American women of more than $405,000.
The United States Attorney’s Office for the Eastern District of Louisiana, in a statement on Thursday, said Inweregbu and his co-conspirators ran the scheme between July 2017 and December 2018, using a fake online persona named “Larry Pham” to lure victims on dating sites and social media targeting US citizens.
Acting U.S. Attorney Michael M. Simpson said that Inweregbu, described as a citizen of Lagos, Nigeria, pleaded guilty on August 21, 2025 before United States District Judge Nanette Jolivette Brown to two of the counts pending against him.
The counts which include conspiracy to commit mail fraud, wire fraud, and using an assumed name to commit a mail fraud scheme, Attorney Simpson said were in violation of Title 18, United States Code, Sections 1341, 1342, 1343 and 1349 (Count 1), and conspiracy to commit money laundering, in violation of Title 18, United States Code, in violation of Title 18, United States Code, Sections 1956(a)(1)(B)(i), 1957, and 1956(h) (Count 12). INWEREGBU’s plea stemmed from his role in a lengthy romance scam targeting American citizens.
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According to court documents, a “romance scam” was a confidence scheme in which the perpetrator feigned romantic intentions towards a victim, gained their affection, and used the victim’s goodwill to commit fraud.
“These fraudulent acts might involve such acts as obtaining access to the victim’s money, bank accounts, credit cards, passports, e-mail accounts, or national identification numbers; convincing the victim to transmit things of value to the perpetrator or his witting or unwitting co-conspirators; or inducing the victim to, unintentionally, commit or participate in the commission of financial fraud against third parties on behalf of the perpetrator,” the statement read.
It added, “Between at least July 1, 2017, and December 16, 2018, Inweregbu, and his co-conspirators, devised and operated a “romance scam” whereby they sought to obtain money and property from multiple American women, including 4 victims, by means of false and fraudulent representations and promises.
“Specifically, Inweregbu and his co-conspirators created profiles on social media and online dating sites using the alias “Larry Pham,” purportedly a middle-aged male, to attract middle-aged female victims.
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“The co-conspirators, including Inweregbu, used online messaging platforms and email, to contact victims, introduce themselves, and appeal to victims’ longing for companionship. If the victim responded favorably, Inweregbu and his co-conspirators began to cultivate a romantic relationship that emotionally attached the victims to “Larry Pham.”
“Once the relationship was established, the defendant and his co-conspirators, posing as Larry Pham, requested victims send them money under various scams and ruses to domestic bank accounts they opened and managed. Inweregbu’s scheme resulted in actual and intended losses to the victims of over $405,000.
“Thereafter, Inweregbu and his co-conspirators laundered the funds, by conducting financial transactions using the proceeds of their wire and mail fraud scheme, designed in whole or in part to conceal and disguise the nature, location, source, ownership, and control of the proceeds, by directing the victims’ funds through intermediaries.
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“Inweregbu faces up to twenty years in prison, up to three years of supervised release, and up to a fine of $250,000 as to Count 1. He faces up to twenty years in prison, up to three years of supervised release, and up to a fine of $500,000 as to Count 12. He also faces payment of a $100 mandatory special assessment fee per count. Sentencing before Judge Brown has been scheduled for December 4, 2025,” the partly read.
Acting U.S. Attorney Simpson, according to the statement praised the work of the Federal Bureau of Investigation in investigating this matter and expressed appreciation for the great support provided by United States Department of Justice Office of International Affairs and the United States Department of State.
“Assistant United States Attorney Jordan Ginsberg, Chief of the Public Integrity Unit, is in charge of the prosecution,” the statement noted.
Headline
UK Bars Over 100 Job Roles From Foreign Recruitment To Curb Migration
Published
1 day agoon
August 30, 2025By
Editor
The British government has unveiled major immigration reforms, blocking foreign workers from filling more than 100 job categories in a move aimed at reducing net migration.
The Home Office, in a statement posted on X Saturday morning, said the decision was geared towards creating more opportunities for local citizens while restructuring the visa regime.
“Cutting net migration means getting the fundamentals right.
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“More than 100 occupations are no longer eligible for overseas recruitment – opening up more jobs for British workers. A fairer, skills-focused system is now taking shape,” the Home Office stated.
This policy marks the latest immigration clampdown under Prime Minister Sir Keir Starmer, who assumed office on July 5, 2024, after Labour’s sweeping election win that ended Rishi Sunak’s tenure.
However, the measure has drawn criticism, with opponents warning it could deepen staffing shortages in critical sectors such as healthcare and social services.
The Home Office has not yet published the full list of restricted occupations.
Headline
PM Killed In Israeli Strike, Say Yemen’s Huthis
Published
1 day agoon
August 30, 2025By
Editor
The prime minister of Yemen’s Huthis was killed in an Israeli airstrike along with other officials earlier this week, the Iran-backed rebels announced on Saturday.
Ahmed Ghaleb Nasser Al-Rahawi, who was appointed last year, is the most senior official known to have been killed in a series of Israeli strikes during the war in Gaza.
“We announce the martyrdom of the fighter Ahmed Ghaleb Nasser Al-Rahawi… along with several of his ministerial colleagues, as they were targeted by the treacherous Israeli criminal enemy,” a Huthi statement said.
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“Others among their companions were injured with moderate to serious wounds and are receiving medical care since Thursday afternoon,” it added.
The Israeli military struck in the area of Sanaa, the Huthi-held capital, on Thursday. The Huthis, claiming solidarity with the Palestinians, have frequently fired missiles and drones at Israel during the Gaza war.
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Israeli forces “struck a Huthi terrorist regime military target”, the Israeli military said at the time.
The Huthis have also targeted shipping in the Red Sea and the Gulf of Aden, which they claim is linked to Israel during the Gaza war.
The rebel group controls large parts of Yemen, which has been gripped by war since 2014, and is part of Iran’s anti-Israel alliance alongside militant groups across much of the Middle East.
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