Global Billionaires Under 30 All Inherit Wealth, Marking a Shift in Wealth Acquisition

For the first time in 15 years, Forbes' list of billionaires under 30 consists entirely of heirs, signaling the start of a significant generational wealth transfer.

Every billionaire under the age of 30 on Forbes' 2024 list has inherited their fortune, with none having created their wealth independently.
The world's youngest billionaire is 19-year-old Livia Voigt, who inherited a significant stake in WEG Industries from her grandfather.
A total of 141 more individuals made it to Forbes' billionaires list in 2024 compared to the previous year, highlighting the growing number of wealthy heirs.
Experts predict a 'great wealth transfer' over the next two decades, with heirs expected to receive more than $5.2 trillion from over 1,000 wealthy individuals.
The phenomenon is partly due to aging billionaires and the lack of younger self-made replacements, indicating a shift in how wealth is acquired.