Billionaires, they just don't make em like they used to.
Bro, I thought it was moochy of me to accept that hundo my pops handed me a few weeks back before my wife and I went on vacation.
But these kids got billions!!
[E]very billionaire on earth under the age of 30 inherited their wealth.
That's according to Forbes‘ billionaires list for 2024, which features 15 individuals with 12-figure wealth aged 30 or under — who have a combined fortune worth nearly $45 billion.
Let's hear it for these under-30 billionaires!
Alright, I know Imma get some "Bro, are you complaining about capitalism?" comments, so let me address that, because I'm just here pointing out an interesting data point in how the world will be run the next 10-30 years.
A friend pointed out to me that this is a sign of how difficult it is to make a fortune in today's world. I'm not jealous of billionaires ("You shall not covet" and all that), but I am curious about this new global aristocratic class that doesn't even need your money to fund their woke projects.
If you don't think these billionaires are giving away money to globalist/woke causes, you aren't paying attention. What does billions of dollars for activism buy in Congress? How might it shape an issue like abortion?
I think "no self-made billionaires under 30," especially given the activism/radicalism of most wealthy kids these days, is something to consider the next time we see a "fortified" presidential election or higher education going off the rails or the WEF planning for us to eat ze bugs!
There is a difference between a fair and free market and our new oligarchy, and data points like this are important as we consider how to save liberty and free speech.
The youngest person on the rich list is 19-year-old university student Livia Voigt.
The Brazilian heiress is one of the largest individual shareholders of electrical engineering giant WEG, which was cofounded by her grandfather, who died in 2016.
Voigt and her older sister, 26-year-old Dora Voigt de Assis, each have a fortune worth $1.1 billion …
Ultrawealthy siblings appear elsewhere on the list courtesy of Irish brothers Zahan and Firoz Mistry.
The brothers, aged 25 and 27 respectively, sit on $4.9 billion each, courtesy of their family's 18.4% stake in Tata Sons.
The duo, who live in India, inherited their wealth from their late father, Cyrus Mistry, who died in 2022 after a car crash near Mumbai.
Three of the six Del Vecchio children also appear on the list: 19-year-old Clemente, 22-year-old Luca, and 28-year-old Leonardo. Each has a fortune of $4.7 billion courtesy of their 12.5% stake in Luxembourg-based holding company Delfin, run by their late father, the senior Leonardo del Vecchio …
Norway's Katharina Andresen, 28, and her younger sister Alexandra, 27, have slightly differing fortunes, with the former worth $1.7 billion and the latter $1.6 billion.
The sisters each inherited 42% of Ferd, an investment company controlled by the sibling's father, Johan H. Andresen …
Continuing a trend of young European billionaires is Germany's Kevin David Lehmann, who owns 50% of his nation's biggest drugstore, dm, and French 22-year-old Remi Dassault, who is heir to an aerospace and software empire after his name.
Germany is also home to 29-year-old Sophie Luise Fielmann and her $2.7 billion fortune — who appeared on the list for the first time courtesy of the majority shareholding position she has in her late father's business, eyewear company Fielmann AG.
The eldest individual who scrapes into the 30-and-under category is salmon magnate Gustav Magnar Witzoe, who was gifted a stake worth nearly half the Salmar ASA business by his father in 2013.
What's more, over the next 20 years, an estimated $5.2 TRILLION is set to be handed down to the children of about 1,000 billionaires. Not only that, but a total of $80 trillion is expected to be handed down from generation to generation during that same period. This is known as the "Great Wealth Transfer."
Boy, I sure hope we can use our heads with that money instead of spending it all on yachts and Lamborghinis.
One last time for the young billionaires and our new oligarchy!
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