At 19, Livia Voigt from Brazil became the youngest billionaire in the world, Forbes reported in April this year. Livia is still in college and studying psychology. She recently turned 20 on July 10. She has a real-time net worth of Rs 10020 crore (as of July 16), as per Forbes. Her wealth comes from her minority stake in the electrical equipment producer WEG. She reportedly owns 3.1 per cent of WEG and has got in millions from dividends.
She is currently at 2468th spot in the world today in the Forbes real-time billionaires list. Livia currently resides in Florianópolis, Brazil. Livia and her older sister, Dora Voigt de Assis, 26, are two of seven fresh faces among the 25 youngest billionaires. Dora earned her architecture degree in 2020. Livia took the title of the youngest billionaire from EssilorLuxottica's heir Clement Del Vecchio, who is just two months older.
WEG is the largest manufacturer of electrical motors in Latin America and was co-founded by her grandfather Werner Ricardo Voigt along with late billionaires Eggon Joao da Silva and Geraldo Werninghaus. Livia is one of the largest individual shareholders of WEG.
Livia does not hold a seat on the board or executive position at the company. WEG is a publicly-traded multinational with factories in over 10 countries. It had revenues of approximately USD 6 billion in 2022.
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