Forbes, the renowned business magazine, has crowned a 19-year-old Brazilian woman as the youngest billionaire globally in its latest rankings. Livia Voigt, boasting a net worth of $1.1 billion, seized this distinction from an Italian counterpart, Clemente Del Vecchio, who is only two months her senior. Livia holds the title of the largest individual shareholder in WEG, with a 3.1 percent stake, reaping millions from dividends.

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WEG stands as the world’s premier manufacturer of electrical motors and industrial machinery. Co-founded by Livia’s grandfather, Werner Ricardo Voigt, alongside billionaires Eggon Joao da Silva and Geraldo Werninghaus, WEG boasts a global footprint, exporting to over 135 countries. The company's offerings span electric motors, variable frequency drives, soft starters, controls, panels, transformers, and generators.

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Despite her youth and ongoing university studies in Brazil, Livia currently holds no formal position on WEG's board or its operational side, according to Forbes. Meanwhile, her elder sister, Dora Voigt de Assis, also secured a spot among the 25 youngest billionaires worldwide on the Forbes Billionaires List. Dora, aged 26, commands a net worth of $1.1 billion, owning a 3.1 percent stake in WEG.

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An architecture graduate, Dora similarly lacks a board or operational role within WEG. The latest Forbes Billionaires List for young individuals spotlights several Indians making significant waves globally. Notable among them are Nithin and Nikhil Kamath, founders of Zerodha, India’s foremost online stock trading and brokerage platform, established in 2010.

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Additionally, the list features Sachin and Binny Bansal, co-founders of Flipkart, an e-commerce giant celebrated as India’s preferred online shopping destination. Note: All net worth figures are as of March 8, 2024.

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