Connect with us

Headline

PHOTOS: 5 Youngest Billionaires In The World

Published

on

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.

Advertisement

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:

READ ALSO: Top 10 African Countries With Shortest Work Schedules

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.

Advertisement

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.

Advertisement

READ ALSO: Full List: Odumodublvck, Ayra Starr, Mohbad Jostle For Top Honours At 2024 Headies Awards

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.

Advertisement

Headline

South African Ambassador Found Dead Outside Paris Hotel

Published

on

By

South Africa’s ambassador to France, formerly a long-serving cabinet minister, was found dead on Tuesday outside a Paris hotel after the window of his room in the high-rise building was forced open, prosecutors said.

Nkosinathi Emmanuel Nathi Mthethwa, 58, usually known as Nathi Mthethwa, had “reserved a room on the 22nd floor whose secured window had been forced open,” the office of the Paris prosecutor told AFP.

The body of Mthethwa, a close associate of former South African president Jacob Zuma, was found “directly by the hotel”, it added.

Advertisement

A source close to the case, who asked not to be named, said the ambassador suffered from depression and his death could have been suicide.

READ ALSO:Men Can Take Wives’ Surnames —South Africa’s Top Court Rules

An investigation has been opened.

Advertisement

Mthethwa had been ambassador since December 2023.

In a statement released in Pretoria, South African Foreign Minister Ronald Lamola said he had “no doubt that his passing is not only a national loss but is also felt within the international diplomatic community”.

The circumstances of “his untimely death” are under investigation by the French authorities, the statement confirmed.

Advertisement

The ambassador’s disappearance was reported on Monday by his wife, who said she “received a worrying message from him in the evening,” the prosecutor’s office said.

READ ALSO:Egypt, South Africa Universities Beat Nigeria At Global QS Rankings

Mthethwa served as minister of arts and culture of South Africa from 2014 to 2019, and then of sports, arts and culture until 2023, according to his embassy website.

Advertisement

He was also police minister from 2009 to 2014 and security minister from 2008 to 2009.

Mthethwa also served on the board of directors of the 2010 football World Cup local organising committee.

Between 2007 and 2022, he was a senior official in the African National Congress (ANC), the ruling party since the first post-apartheid democratic elections in 1994.

Advertisement

He worked underground within the ANC’s military wing during apartheid and was notably arrested during the state of emergency in 1989.

 

Advertisement
Continue Reading

Headline

Afghanistan’s Taliban Release US Citizen

Published

on

By

Afghanistan’s Taliban government released an American citizen from detention on Sunday, a week after freeing an elderly British couple.

In a statement, the ministry identified the detainee as Amir Amiri and said he had been handed over to Adam Boehler, Washington’s special envoy on hostages.

Boehler made a rare visit to Kabul earlier this month to discuss the possibility of a prisoner exchange with the Taliban government.

Advertisement

The Islamic Emirate of Afghanistan released an American citizen named Amir Amiri from prison today,” the Foreign Ministry on X, using the official name for the government.

“The Afghan government does not view the issues of citizens from a political angle and makes it clear that ways can be found to resolve issues through diplomacy.”

READ ALSO:Taliban Detains 14 For Playing Music, Singing At Afghanistan Private Gathering

Advertisement

Little is known about Amiri’s case, as it has not been widely reported.

An official with knowledge of the release said Amiri, who is 36, “had been detained in Afghanistan since December 2024”.

The official added that Amiri would stop briefly in Doha, Qatar for medical checks before continuing back to the United States.

Advertisement

US Secretary of State Marco Rubio welcomed the release of Amiri, said he had been “wrongfully detained” in Afghanistan, and thanked Qatar for helping to get him freed.

President Donald Trump “has made it clear we will not stop until every American unjustly detained abroad is back home,” Rubio wrote on X.

In January two Americans were freed in exchange for an Afghan fighter, Khan Mohammed, who was convicted of narco-terrorism in the United States.

Advertisement

READ ALSO:Taliban Court Publicly Flogs Woman For Illicit Relationship, Running Away From Home

Another American, airline mechanic George Glezmann, was freed after more than two years in detention during a March visit to Kabul by Boehler.

At least one other US citizen, Mahmood Habibi, is being held in Afghanistan. The United States is offering a $5 million reward for information leading to his capture.

Advertisement

The Taliban authorities deny any involvement in his 2022 disappearance.

Just a week ago, Britons Peter Reynolds, 80, and his wife Barbie, 76, were released from a Kabul prison after almost eight months in detention. The Taliban authorities did not say why they were detained.

The couple was arrested in February and first held in a maximum security facility, “then in underground cells, without daylight, before being transferred” to the intelligence services in Kabul, UN experts have said.

Advertisement

READ ALSO:1.4 Million Girls Banned From Afghan Schools Since Taliban Return – UNESCO

The couple married in Kabul in 1970 and have spent almost two decades living in Afghanistan, running educational programmes for women and children. They also became Afghan citizens.

All the releases have been mediated by Qatar.

Advertisement

Both the US and the UK, like many other Western nations, warn against all travel to Afghanistan.

Russia is the only country to have officially recognised the Taliban government, which has imposed a strict version of Islamic law and been accused of sweeping human rights violations.

Dozens of foreign nationals have been arrested since the group returned to power in August 2021, when most embassies withdrew their diplomatic presence.

Advertisement

The Taliban government says it wants to have good relations with other countries, notably the United States, despite the 20-year war against US-led forces.

 

Advertisement
Continue Reading

Headline

One Dead, Several Injured After US Shooting, Fire At Mormon Church

Published

on

By

One person was killed and several others injured Sunday after a shooter targeted a Mormon church in the US state of Michigan, where the building was also set on fire, authorities said.

The suspect, a 40-year-old man from a nearby town, was shot dead by law enforcement after the attack, police said, without specifying any possible motive.

President Donald Trump called the shooting “horrendous” and said on his Truth Social platform it “appears to be yet another targeted attack on Christians in the United States of America.”

Advertisement

Images from the scene showed emergency services escorting people on stretchers and a large plume of dark smoke at the Church of Jesus Christ of Latter-day Saints in Grand Blanc Township.

READ ALSO:Head Of Mormon Church Is Dead

Local police chief William Renye told reporters the suspect drove his vehicle through the front doors of the church and then began firing at people inside with an assault rifle.

Advertisement

He said the service was active with “hundreds of people within the church.”

Authorities believe the gunman also deliberately set fire to the church before he was killed by responding police officers, Renye said.

Ten gunshot victims were transported to hospital, including one who has died, the official said.

Advertisement

READ ALSO:US Lifts Restrictions On Visa Validity For Ghanaians, Leaves Nigeria’s Unchanged

He added that the fire had been extinguished but that “we do believe that we will find additional victims once we have that scene secure.”

A woman who lives near the church told AFP: “My husband heard people screaming, one lady yelling for help.”

Advertisement

FBI agents are on the scene to assist the investigation, chief Kash Patel said on X.

Violence in a place of worship is a cowardly and criminal act. Our prayers are with the victims and their families during this terrible tragedy,” he wrote.

Attorney General Pam Bondi also said she had been briefed on the incident.

Advertisement
Continue Reading

Trending

Exit mobile version