Livia Voigt, at just 19 years old, has captured the world’s attention, not for her studies, but because she is the youngest billionaire on the planet.
Still in college, Livia became a billionaire thanks to her minority share in WEG, a large Brazilian company that makes electrical equipment.
This company was co-founded by her late grandfather, Werner Ricardo Voigt. Along with her older sister, Dora Voigt de Assis, who is 26, Livia is one of the youngest billionaires in the world.
Both sisters are part of a group of 18 young heirs that Forbes has identified as the next generation of billionaires.
A Family Legacy and WEG’s Global Success
WEG is one of the largest producers of electric motors in the world, making over 21 million units every year.
The company offers solutions for electric motors, frequency drives, control panels, and more, and it operates in 135 countries.
Werner Ricardo Voigt co-founded WEG in 1961, and today it continues to grow and lead in the electrical equipment sector.
Even though Livia and her sister Dora own a part of the company (3.1% each), they do not play any role in its daily operations.
Although their share is smaller than the 3.9% held by their cousins, Eduardo and Mariana, Livia’s stake in WEG is still enough to make her incredibly wealthy.
WEG’s success has turned the family fortune into one of the largest in the world.
Livia Voigt: A Billionaire in College
Livia Voigt is not your typical 19-year-old. While many people her age are focused on exams and college life, Livia has already reached billionaire status.
Despite her wealth, she has kept a low profile. She has deleted her social media accounts, and there is little public information about her.
Forbes has noted that Livia is single and prefers to stay out of the spotlight, focusing on her studies for now.
The Journey to Wealth
Livia Voigt’s story highlights how family wealth can be passed down through generations.
Her path to becoming a billionaire was paved by her grandfather, Werner Ricardo Voigt, who built WEG into a global electrical powerhouse.
For now, Livia does not have any executive responsibilities in the company.
Time will tell if she chooses to take on a leadership role at WEG, following in her grandfather’s footsteps.
In a world where billionaires are usually much older and have decades of experience, Livia’s story offers a different view on wealth.
Her fortune comes from inheritance and smart financial planning within her family.
Replacing Clemente Del Vecchio as the World’s Youngest Billionaire
In April 2024, Forbes announced that Livia Voigt had become the world’s youngest billionaire, replacing Clemente Del Vecchio.
Clemente, the son of Leonardo Del Vecchio, who founded EssilorLuxottica, had previously held this title.
Livia’s wealth surpassed his, making her the youngest billionaire in the world.
Before Livia, Clemente became a billionaire after inheriting a share of his father’s company, which is the largest eyewear manufacturer and retailer globally.
Financial Power: Rs 13 Crore a Day
Though she keeps a quiet public life, Livia’s financial success is anything but modest. With an estimated net worth of $1.1 billion, Livia reportedly earns £125,000 each day.
When converted to Indian rupees, this amount is approximately Rs 13 crore a day. Despite having such an enormous net worth, Livia remains dedicated to her education.
Her grandfather, Werner Ricardo Voigt, valued hard work and education, and these principles seem to have been passed down to Livia as well.
Ranking and Residence
As of July 2024, Livia is ranked 2445th on Forbes’ real-time list of billionaires. She currently lives in Florianopolis, Brazil, alongside her sister Dora, who earned an architecture degree in 2020.
Together, the sisters represent the next generation of the Voigt family’s wealth.
Dora, like Livia, prefers to keep a private life, but both sisters are now part of the exclusive group of the world’s youngest billionaires.
A Peek into the Life of a Teenage Billionaire
Livia Voigt’s story is remarkable, especially since she is still a teenager. In a world where billionaires are often much older and have long careers behind them, Livia stands out.
Her fortune was inherited, but her future remains open. Will she take on an active role at WEG, or will she pursue a different path?
Only time will tell, but one thing is clear: the world is watching closely to see what this young billionaire will do next.
For now, Livia is focused on her studies, but her incredible wealth and family legacy ensure that her future will be just as interesting as her past.
