Clemente Del Vecchio richest teenager in the world

Clemente Del Vecchio is the richest teenager in the world. Image: Ibrahim Boran on Unsplash

NEW richest teenager in the world after Clemente Del Vecchio turns 20

Imagine having enough money as a teenager to never have to work a day in your life. There’s a new richest teen in the world. Meet her …

Clemente Del Vecchio richest teenager in the world

Clemente Del Vecchio is the richest teenager in the world. Image: Ibrahim Boran on Unsplash

Imagine having enough money as a teenager to never have to work a single day in your life.

As reported by The South African website, Italy’s Clemente Del Vecchio used to lay claim to being the world’s richest teen.

However, that’s no longer the case after Del Vecchio celebrated his 20th birthday on Tuesday this week.

Inherited his father’s fortune

Del Vecchio is one of six children of Leonardo Del Vecchio, the late chairman of EssilorLuxottica, the world’s largest eyeglasses firm.

He inherited a 12.5% stake in his father’s Luxembourg-based holding company Delfin after his death, along with his stepmother and six siblings.

Besides EssilorLuxottica, Delfin also owns shares in insurer Generali, banks Mediobanca and UniCredit and real estate developer Covivio.

He is one of two children Del Vecchio had with Sabina Grossi, Luxottica’s former head of investor relations, along with his brother Luca.

After inheriting his stake in his father’s fortune in 2022, Clemente became the world’s youngest billionaire at age 18.

Clemente Del Vecchio maintains a low profile and reportedly does not directly engage in his father’s businesses.

According to the Forbes Real Time Billionaires website, Clemente Del Vecchio is the 658th richest person in the world with a net worth of $4.8 billion (at the time of publishing).

His mantle of “richest under 20-year-old in the world” has now been inherited by Brazil’s Livia Voigt.

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

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

A publicly-traded multinational with factories in over 10 countries, WEG had revenues of approximately $6 billion in 2022.

Livia does not hold a board seat or any executive position at WEG. She is currently attending university.

It’s unclear when Voigt will celebrate her 20th birthday.

Voigt is currently the 2 623rd richest person in the world with a personal fortune of $1.1 billion.

She is the only teenage dollar billionaire in the world according to Forbes.

Clemente Del Vecchio personal stats

Born – 14 May 2004

Age – 19

Source of wealth – Eyeglasses

Residence – Milan, Italy

Citizenship – Italy

Meanwhile, as reported by The South African website, France’s founder, chairman and CEO of LVMH Moët Hennessy – Louis Vuitton, Bernard Arnault, remains the richest man in the world.

The 75-year-old leads the way ahead of American Amazon founder Jeff Bezos and South Africa-born Elon Musk.

Following Musk in the top 10, in order, are Mark Zuckerberg, Larry Ellison, Larry Page, Sergey Brin, Warren Buffett, Bill Gates and Steve Ballmer.

Apart from Arnault, the rest of the top 10 are all American citizens.

TOP 10 RICHEST PEOPLE IN THE WORLD

Correct as of 16 May 2024 at 15:30 SA time

RankNameNet worthAge
1Bernard Arnault & family$214.2 billion75
2Jeff Bezos$203.6 billion60
3Elon Musk$194.3 billion52
4Mark Zuckerberg$168.9 billion40
5Larry Ellison$150.8 billion79
6Larry Page$142.8 billion51
7Sergey Brin$136.9 billion50
8Warren Buffett$136.0 billion93
9Bill Gates$131.2 billion68
10Steve Ballmer$125.1 billion68