Clemente Del Vecchio has TWO weeks left as world’s richest teenager
Imagine having enough money as a teenager to never have to work a single day in your life. Meet Italy’s Clemente Del Vecchio.
Imagine having enough money as a teenager to never have to work a single day in your life.
That’s the case for the world’s richest teen, Italy’s Clemente Del Vecchio.
But, Del Vecchio only has a little over two weeks left as the holder of that ‘record’.
Why?
Because the Italian teenager will turn 20 on 14 May.
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 682nd richest person in the world with a net worth of $4.6 billion (at the time of publishing).
His mantle of “richest under 20-year-old in the world” will be 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 545th richest person in the world with a personal fortune of $1.1 billion.
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 SAPeople 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 South Africa-born Elon Musk and American Amazon founder Jeff Bezos.
Following Bezos 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 30 April 2024 at 11:45 SA time
| Rank | Name | Net worth | Age |
| 1 | Bernard Arnault & family | $209.7 billion | 75 |
| 2 | Elon Musk | $204.1 billion | 52 |
| 3 | Jeff Bezos | $197.8 billion | 60 |
| 4 | Mark Zuckerberg | $151.6 billion | 39 |
| 5 | Larry Ellison | $145.6 billion | 79 |
| 6 | Larry Page | $138.7 billion | 51 |
| 7 | Sergey Brin | $133.0 billion | 50 |
| 8 | Warren Buffett | $132.9 billion | 93 |
| 9 | Bill Gates | $128.5 billion | 68 |
| 10 | Steve Ballmer | $119.7 billion | 68 |