Austrian Mark Mateschitz, 31, is the world's richest young billionaire worth a mega $39.6BLN after inheriting Red Bull, according to Forbes latest global list of super rich under 33: Brazilian Livia Voigt, 19, becomes the youngest worth $1.1BLN

Forbes has released its much-anticipated list of the youngest billionaires in the world, all of whom have accumulated their wealth before reaching the age of 33.

When put together, the list of 25 is worth over a staggering $110billion.

A few of this year's title holders are self-made after building up businesses such as Snapchat and Gymshark, but many are the product of inherited fortunes and generational wealth.

This year, the Forbes richest young billionaire is Mark Mateschitz, who netted his eye-watering fortune by inheriting almost half of Red Bull.

The Austrian billionaire took the lead in the rich race by a massive $32.4billion, as the second place went to John Collison who has a net worth of $7.2billion.

Most impressively, 19-year-old Brazilian Livia Voigt also earned a spot on the list thanks to her 3.1 per cent ownership of WEG Industries - a company that produces electric motors, generators, and other industrial machinery.

The teenager is still in college, and made the list alongside her older sister Dora Voigt de Assis, 26, who are two of seven among the 25 youngest billionaires.

For the first time in 15 years, every billionaire under 30 inherited their fortune, according to Forbes.

Nearly all of the 25 who claimed a spot are richer than last year and a 60 per cent chunk - tallying up to 15 - of the youngest billionaires are from Europe.

The remaining 10 are from around the globe, including billionaire heirs from Brazil, South Korea and Hong Kong, and self-made billionaires from Japan and the United States.

Mark Mateschitz, 31, $39.6billion

The Austrian entrepreneur is a billionaire heir who owns 49 per cent of Red Bull.

The energy drink was co-founded by his father, Dietrich Mateschitz, in 1987, before being handed the whopping chunk of the business in 2022, when his father died.

Dietrich cofounded Red Bull with Thai businessman Chaleo Yoovidhya - Yoovidhya's son Chalerm is also a billionaire today. 

Before his father passed away age 78, Mateschitz had run Red Bull's organic division, but resigned as he did not want to be both an employee and shareholder of the same company.  

He also sits on the board of the Red Bull Wings for Life Foundation, which is run chiefly by his mother.

Since its launch, more than 100 billion cans of Red Bull have been sold worldwide, including over 12 billion in 2023, while generating $11.6billion in revenue last year.

John Collison, 33, $7.2billion

The self-made billionaire John Collison and his younger brother Patrick, 35, sold their first start-up for $5million in 2007, while he was in secondary school.

The business - an eBay management software named Automatic -  was formed by the brothers alongside Harj and Kulveer Taggar.

But the selling of the company was just the first step towards Collison's billion-dollar fortune.

The Harvard-educated pilot and pianist co-founded Stripe, a payment software that was backed by Elon Musk, Peter Thiel, Max Levchin, and Sequoia Capital.

In November 2016, the Collison brothers became the world's youngest self-made billionaires, worth at least $1.1billion after an investment in Stripe from CapitalG.

An employee tender offer in February valued the company at $65 billion. 

Firoz Mistry, 27, $4.9billion

Alongside his brother, Firoz and Zahan Mistry are the richest of the 30-and-unders thanks to their mind-blowing net worth of $4.9billion.

Mistry has a 4.6 per cent stake in Tata Sons - an Indian conglomerate that owns 29 public companies including Tata Consultancy and Tata Motors.

The parent company of the Tata Groups generated a massive $150billion in revenue last year.

Mistry inherited his stake in the business in 2022 after his father died in a car accident, just under three months after his grandfather - the sole chairman of Tata and its largest individual shareholder - died age 93.

His uncle Shapoor Mistry claims the rest of the family's 18.4 per cent stake in the business.

Zahan Mistry, 25, $4.9billion

Like his older brother, Zahan Mistry inherited a 4.6per cent stake in Tata following his father's death.

But the billionaire also has a 25 per cent stake in Shapoorji Pallonji  Group - a construction giant in India.

Both he and his brother have been trained to run the business by Shapoor Mistry, a report by the Economic Times stated in 2022.

The pair were also given executive roles within the company, as they helped bring back to life the business that had been sinking in debt after their father passed away.

Though he and his brothers are Irish citizens, they live in Mumbai, where both the SP Group and Tata are based.

Luca Del Vecchio, 22, $4.7billion 

One of the youngest on the list, at just 22-years-old, Italian Luca Del Vecchio has his 12.5 per cent ownership of Delfin, the holding company that has stakes in the eyeglasses giant EssilorLuxottica, to thank for his mind-blowing fortune.

Delfin is also has stakes in the insurer Generali, the banks Mediobanca and UniCredit and the real estate developer Covivio.

Vecchio is one of six children of Leonardo Del Vecchio, the late chairman of EssilorLuxottica.

Luxottica is the world's largest producer and retailer of glasses and frames, with 77,734 employees and over 8,000 stores.

After the death of his father in 2022, Vecchio inherited his stake in Delfin along with his step-mother and six siblings.

At the time of his death, Vecchio's father's net worth was estimated at $24.1billion - making him the second richest person in Italy, and the 54th in the world.

Leonardo Maria Del Vecchio, 28, $4.7billon

As the brother of Luca Vecchio, Del Vecchio also claimed a 12.5 per cent stake in EssilorLuxottica.

Del Vecchio is the chief strategy officer within the firm that also owns designer glasses brand Ray-Ban.

He joined Luxottica in November 2017 as part of the Wholesale team in the EMEA Region. 

His focus was on supporting the largest wholesale subsidiaries in Europe and the Middle East.

More recently, Leonardo Maria successfully led one of Group's most important retail projects: Ray-Ban flagship store openings in Milan, Rome and Verona. 

He is one of only two of his father's heirs to work at the company, as well as being the CEO of eyeglasses retailer Salmoiraghi & Viganò, which EssilorLuxottica acquired for an undisclosed amount in 2016.

Clemente Del Vecchio, 19, $4.7billion

Also a Vecchio sibling, Clemete is the fourth heir to the eyeglasses fortune among the 33-and-under group.

Like his older siblings, he owns 12.5% of the holding company Delfin.

He is one of two children Del Vecchio had with Sabina Grossi, Luxottica's former head of investor relations, along with his brother Luca.

After inheriting his stake in his father's fortune in 2022, Vecchio became the world's youngest billionaire at age 18.

Vecchio reportedly owns several luxury properties in Italy, including a villa in Lake Como and an apartment in Milan. 

The three brothers currently live in Milan, Italy. 

Michal Strnad, 31, $4.4billion

The father of Michal Strnad once owned a small scrapyard in the Czech Republic, who started out by renovating ex-Soviet equipment at the end of the Cold War.

He then transformed the business into the $3.2billion defense producer Czechoslovak Group (CSG) - headquartered in Prague.

Established in 1995, CSG operates in several key sectors including defense, aerospace, ammunition, automotive, and railway industries.

The business also produces special army trucks, army vehicles, active radars, among other products.

Strnad took over ownership of the company and became CEO in 2018.

CSG is the fourth largest ammunition producer in the EU, and traditionally one of the big defense industry producers in Europe.

The mega-company also owns a traditional Czech watchmaker - PRIM. 

Gustav Magnar Witzøe, 30, $4.2billion

The Norwegian billionaire was only 19-years-old when his father gifted him nearly half of the salmon fish farming giant SalMar ASA.

He is one of the youngest billionaires in the world, with his father having made him SalMar's main shareholder.

SalMar is one of the world's largest producers of farmed salmon and the company also owns a significant stake in Scottish Sea Farms, the UK's second-largest salmon farmer.

Over a decade later, Witzøe's father continues to run the business while he focuses on real estate and tech start-up investments.

He previously worked for MGM Property, and has invested in both Gopi and Keybutler.

He previously worked for MGM Property, and has invested in both Gopi and Keybutler.

Witzøe is now Norway's fifth richest person and its biggest taxpayer, having given around $29.6million to the government in 2022.

SalMar says it produces enough to feed every Norwegian a nightly fish dinner. 

Kevin David Lehmann, 21, $3.3billion

When Lehmann was just 14-years-old, his father gave him his 50 per cent stake in Germany's leading drugstore brand, dm-drogerie markt.

Neither he or his father are operationally involved in the company, which brings in over $1.4billion in annual revenue, and the duo prefer to keep out of the limelight.

 The company started in 1973 when Goetz Werner opened his first shop in Karlsruhe, Germany, and today, dm has some 3,700 locations.

In 1974, Kevin David Lehmann's father, Guenther, then running his family's Pfannkuch grocery chain, invested in dm. 

Guenther handed over ownership of his 50% dm stake to Lehmann in 2017, making him one of the world's youngest billionaires.

Evan Spiegel, 33, $3.1billion

The creator of the widely popular Snapchat made the list thanks to his incredible self-made $3.1billion fortune.

Spiegel dropped out of Stanford in 2011 to create the photo-sharing app with his fraternity brothers Bobby Murphy and Reggie Brown.

By the end of 2012, Spiegel's Snapchat app had reached one million daily active users. 

This led him to becoming a billionaire by the age of 25, and he still remains the current CEO of the  brand.

He and Murphy, 35, together own around 25 per cent of Snap Inc, which amassed a huge $4.6billion in revenue last year.

In February 2017, Spiegel and Murphy pledged to donate upwards of 13,000,000 shares of Class A common stock over the next 15 to 20 years to an arts, education and youth non-profit. 

They have created the Snap Foundation which is a non-profit organization targeted to help in these areas. 

Sophie Luise Fielmann, 29, $2.7billion

Sophie Fielmann is the daughter of Günther Fielmann, the entrepreneur known for bringing cheap eyeglasses to Germany.

In 1981, Fielmann negotiated an agreement with the statutory health insurance company, which allowed a larger selection of frames to be added to the portfolio for patients with insurance coverage.

When Günther died in January, he left most of his fortune to his two children Sophie and Marc.

Marc, 34, has run the Fielmann AG ship since 2019, but Sophie has no operational role in the eyeglasses company.

She still owns around a third of the stock, providing her with the fortunes we see today.

As of 2022, Fielmann AG had 22,631 employees, and is the market leader in Germanand Europe's largest optician.

The non-profit Fielmann-Akademie was established by the company in 2001. Located in Plon Castle, Schleswig-Holstein, it is a training center for optometrists since 2002.

Remi Dassault, 22, $2.5billion

Remi inherited his huge wealth after his father died in a helicopter accident in 2021, aged 69.

Most of his $2.5billion fortune comes from an estimated 2.5 per cent stake in the French software company Dassault Systems.

The businesses workforce boasts more than 22,500 also has a portfolio of 12 brands across a variety of industries.

Dassault also has another 4.1 per cent stake in Dassault Aviation.

Dassault Aviation SA is a French manufacturer of military aircraft and business jets. 

The young billionaire's great-grandfather, a Holocaust survivor, began the journey to generating the huge family wealth when he invented an airplane propeller the French used in the First World War, according to Forbes.

Jonathan Kwok, 32, $2.4billion

Kwok and his brother Geoffrey, 38, have their family's Hong Kong real estate empire to thank for their riches.

He is the youngest son of the late Walter Kwok, former chairman of Hong Kong's largest developer, Sun Hung Kai Properties (SKHP).

Walter passed away in 2018, after being booted from his position as chairman in 2008 following a feud with his two brothers, Thomas and Raymond.

After his death, Kowk and his brother took over Empire Group Holdings, a property developer that Walter started after he left SHKP.

Kwok is a director at Empire Group Holdings, where he oversees the company's real estate investments, project developments and asset management operations. 

Before joining the family company, Jonathan worked at listed property investor CSI Properties, and as a trading desk analyst at CMB International Securities. 

The brothers inherited Walter's direct stake in SHKP and are named beneficiaries of one-third of five large family trusts held by their grandmother.

Palmer Luckey, 31, $2.3billion

Luckey is a self-made billionaire who made his fortune after launching the startup Oculus VR, selling a virtual reality headset he'd made at age 16.

He is also the designer of the Oculus Rift, a virtual reality head-mounted display that is widely credited with reviving the VR industry. 

Oculus VR was acquired by Facebook in March 2014 for $2billion - and although Luckey's share was not made public, Forbes magazine estimated the founder's net worth to be $700 million in 2015.

In 2017, Luckey left Oculus and founded defense contractor Anduril Industries, a defense technology company focused on autonomous drones and sensors for military applications.

In March 2018, Anduril began a pilot program for the US government to detect human trafficking and drug smuggling in remote areas of the southern border of the US; the program led to 55 attempted entrants being caught in its first 12 days in operation.

The successful technology company has since began sending drones to Ukraine, and a December 2022 funding round valued Anduril at a staggering $8.5billion.

Shunsaku Sagami, 33, $1.9billion 

 Shunsaku Sagami is the founder and CEO of M&A Research Institute, a Tokyo-based M&A advisory firm leveraging AI in advising its clients.

M&A Research Institute focuses on small and mid-size businesses looking to be acquired, such as businesses whose owners have no one to pass it down to.

This proved to be a huge success among entrepreneurs in Japan, which is grappling with the world's oldest population.

After graduating from Kobe University, Sagami worked in advertising and started-up an IT venture in 2015, which he later sold. 

That experience inspired him to start his M&A advisory business in 2018.

The company listed on the Growth bourse for startups of the Tokyo Stock Exchange in June 2022. 

Sagami has previously said he owes the idea to his grandfather, who dedicated his life to running a small real estate agency in his hometown of Osaka. 

Unable to find a successor, he had to shut it down when he retired in his 80s. 

Katharina Andresen, 28, $1.7billion

The Norwegian heiress owns 42 per cent stakes in investment firm Ferd, which deals primarily in real estate and private Nordic companies.

After building her experience as a board observer for several years, Andersen became a member of the board in June.

Her great-great grandfather purchased the tobacco producer Tiedemanns Tobaksfabrik in 1849 and built it into a family cigarette empire that lasted until Andresen's father sold it in 2005.

This was the beginning of the family's road to accumulating a staggering amount of generational wealth, which has since been passed onto Andersen and her sister. 

Alexandra Andresen, 27, $1.6billion

Like her sister Katharina, Andersen also holds a 42 per cent stake in the Ferd company and also sits on the board.

Her interests also lie in horse riding, and the young billionaire is the owner of the Oslo horse-breeding stable Andresen Dressage.

Andersen once rode competitively and is a three-time junior Norwegian champion in dressage riding.

But this was forced to come to an end when spinal stenosis-related back issues came into the picture.

Andersen has also modeled several times for equestrian clothing company KingsLand.

Kim Jung-min, 22, South Korea

Along with her sister Jung-youn, the siblings each own around nine per cent of the South Korean Japanese online gaming publisher Nexon.

The brand was founded by their late father Kim Jung-ju in 1994.

Nexon publishes globally-recognizable titles including MapleStory, Dungeon & Fighter, Sudden Attack, and KartRider. 

Headquartered in Japan, the company has offices in South Korea, the United States, Taiwan and Thailand.  

Kim Jung-youn, 20, South Korea

Like her sister, Jung-youn holds a nine per cent stake in Nexon, mostly through the holding company NXC as well as another called Wise Kids.

Along with Jung-min, the sister paid an extensive inheritance tax after their father's death in the form of NXC shares that gave the government a 29.3% stake in the company. 

The sisters now own a huge 36.7%.

Ben Francis, 31, $1.3billion

The British billionaire is the co-founder, CEO, and majority owner of Gymshark, a fitness apparel and accessories company founded in 2012.

With a stake of over 70% in Gymshark which is currently valued by investors at $1.45 billion, Francis had a net worth of $1.3 billion as of April 2023.

When he was a 19-year-old college student with a Pizza Hut delivery job, he and his friend Lewis Morgan started up Gymshark which they originally used to sell supplements they'd bought in bulk for a small profit.

When they moved into sewing and screen printing fitness clothing in Francis' parents' garage, their sportswear brand was born.

Gymshark was one of the first brands to make extensive use of social media influencers. 

Andy Fang, 31, $1.2billion 

Fang freshman dormmate Stanley Tang joined up with MBA student Tony Xu, now 39, to launch DoorDash in 2013.

They started the business after noticing that the only food options in their area was a local Chinese restaurant and a Domino's.

Initially named PaloAltoDelivery.com, the founders perceived that most local small businesses had not solved how deliver food. 

Stanley Tang, 31, $1.2billion

Along with his friend Fang, the pair rejoined the billionaire list this year after a rough 2022, when the company’s huge net losses sent its stock price plummeting.

The online food ordering and delivering platform began last year with sizeable layoffs before managing to increase its revenue 31 per cent to $8.6billon.

They also shrunk their net losses by almost 60 per cent to $558 million, from 2022.

This proved to be enough to boost shareholders' confidence in the business with the company's stock up 127 per cent year upon year. 

Tang heads the company’s robotics and automation arm, DoorDash Labs.

Livia Voigt, 19, $1.1billon 

Brazilian Livia Voigt is currently the world's youngest billionaire, turning 20 in July this year.

Like her sister Dora, she owns 3.1% of WEG and has pulled in millions from dividends.

WEG is a Brazilian company operating worldwide in the electric engineering, power and automation technology areas. 

Headquartered in Brazil, the company produces electric motors, generators, transformers, turbines, drives, and coatings. 

WEG has operations in around 100 countries, with approximately 39,000 employees as of 2023.

It's one the largest manufacturers of electric motors in the world.

Voigt is currently enrolled in university and is completing coursework in psychology.

Dora Voigt de Assis, 26, $1.1billon

She and her sister Livia are the youngest granddaughters of Werner Ricardo Voigt, the billionaire cofounder of the Brazilian electrical equipment producer WEG, who died in 2016.

They each own 3.1% of WEG, slightly less than the 3.9% stakes owned by their older cousins Eduardo and Mariana.

Neither Dora or her sister has an operational role within WEG.