Brazilian student Livia Voigt becomes world’s youngest billionaire

Livia Voigt
Livia Voigt

At 19, Brazilian Student Livia Voigt makes history as world’s youngest billionaire on Forbes List 2024 with $1.1 Billion net worth

Livia Voigt is the largest individual shareholder of WEG, the largest manufacturer of electrical motors in Latin America.

WEG was co-founded by her grandfather, Werner Ricardo Voigt, along with late billionaires Eggon Joao da Silva and Geraldo Werninghaus.

“WEG provides global solutions for electric motors, variable frequency drives, soft starters, controls, panels, transformers, and generators,” said the company’s website.

Currently pursuing her education at a university in Brazil, Livia does not yet hold a board seat or executive position at WEG.

With a net worth of $1.1 billion, Livia, alongside her older sister Dora Voigt de Assis, joins the ranks of the seven new faces on the youngest billionaire list for 2024. Dora, 26, earned her architecture degree in 2020.

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Despite her wealth, Livia remains dedicated to her studies and is currently enrolled as a university student, according to Forbes.

India also has its share of young billionaires making waves on the global stage. Among them are the founders of Zerodha, Nithin and Nikhil Kamath, and the co-founders of Flipkart, Sachin and Binny Bansal.

These entrepreneurs feature prominently on this year’s Forbes rich list, showcasing India’s vibrant entrepreneurial spirit.