Brazilian student Livia Voigt is the world’s youngest billionaire, as per the Forbes Billionaires List 2024.
She has a net worth of $1.1 billion at just 19, earning her the title of the youngest billionaire in the world.
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.
Livia Voigt is part of the legacy of WEG, a multinational company with factories in more than 10 countries. In 2022, WEG recorded revenues of approximately $6 billion.
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.
Despite her wealth, Livia remains dedicated to her studies and is currently enrolled as a university student, according to Forbes
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