razilian Student Becomes Youngest Billionaire at 19, Holds Stake in WEG
Nineteen-year-old Livia Voigt has made headlines globally by becoming the youngest billionaire on Forbes’ Billionaires List 2024. With a staggering net worth of $1.1 billion, she has secured her place in history as the world’s youngest billionaire.
Livia’s wealth is attributed to her status as the largest individual shareholder of WEG, the leading manufacturer of electrical motors in Latin America. Founded by her grandfather, Werner Ricardo Voigt, along with late billionaires Eggon Joao da Silva and Geraldo Werninghaus, WEG stands as a powerhouse in providing global solutions for electric motors, drives, controls, and more.
Despite her remarkable financial success, Livia remains committed to her education, currently pursuing her studies at a university in Brazil. While she doesn’t currently hold a board seat or executive position at WEG, her influence in the company’s direction is undeniable.
Livia’s inclusion as the youngest billionaire is a testament to her family’s entrepreneurial legacy and her own savvy investments. Alongside her older sister Dora Voigt de Assis, Livia joins the ranks of the youngest billionaires, adding to the diversity of this exclusive club.
India, too, boasts its cadre of young billionaires, including notable names like Nithin and Nikhil Kamath, co-founders of Zerodha, and Sachin and Binny Bansal, co-founders of Flipkart. These entrepreneurs exemplify India’s dynamic entrepreneurial landscape, showcasing innovation and success on a global scale.
As Livia Voigt’s star continues to rise, she stands as an inspiration to aspiring entrepreneurs worldwide, proving that age is no barrier to achieving remarkable success.
