Livia Voigt
$1B
About Livia Voigt
Nineteen-year-old Livia Voigt has swiftly ascended to the ranks of the world's youngest billionaires, primarily through her substantial holdings in WEG, the premier manufacturer of electrical motors in Latin America. As one of the largest individual shareholders in the company, her net worth now exceeds $1 billion, dethroning Clement Del Vecchio of EssilorLuxottica by a mere two months.
WEG, a multinational powerhouse co-founded
by Livia's grandfather Werner Ricardo Voigt alongside late billionaires Eggon
Joao da Silva and Geraldo Werninghaus, boasts a formidable presence with
factories spanning across ten nations. In 2022 alone, the company recorded
revenues totaling approximately $6 billion USD.
Despite her remarkable financial standing,
Livia maintains a low profile within the company, eschewing any board seats or
executive roles. Instead, she remains committed to her academic pursuits, currently
enrolled in university.
Livia Voigt's rapid rise to billionaire
status not only underscores her family's enduring legacy within WEG but also
signals a new era of youthful influence in the global business landscape. At
just 19 years old, Livia Voigt, a Brazilian student, has etched her name into
the annals of history as the youngest billionaire according to the 2024 Forbes
Billionaire List. Her ascent to this remarkable status stems from her
substantial holdings in WEG, a prominent manufacturer of motors and generators.
From the halls of academia to the realm of
high finance, Voigt's journey is a testament to the evolving landscape of
wealth accumulation. Despite her youth, she has swiftly amassed a fortune while
concurrently pursuing her education. Alongside contemporaries like Clemente Del
Vecchio of Italy, Voigt stands out as a beacon of youthful achievement,
surpassing previous records by a mere two months.
The narrative of Voigt's wealth is
intrinsically linked to her lineage, being an heir to WEG, a cornerstone of
Latin American electrical manufacturing, founded by her grandfather. Through
inheritance and strategic investment, Voigt has emerged as one of the company's
primary stakeholders, catapulting her into the billionaire stratosphere with a
net worth exceeding $1.1 billion. Despite her considerable wealth, Voigt
remains committed to her academic pursuits, continuing her studies at Brazil
University.
Voigt's story is not one of solitary
achievement; her sister, Dora Voigt de Assis, also merits mention for her
presence on the billionaire radar, having graduated in architecture and
securing a position among the top seven. The trajectory of these siblings
within WEG's orbit remains unclear, yet their early entrance into the echelons
of global business signals a promising future.
As Voigt assumes her mantle as the world's
youngest billionaire, her narrative captures attention and imagination, serving
as a source of inspiration for future entrepreneurs. Indeed, her inclusion in
the pantheon of young billionaires underscores a seismic shift in the dynamics
of business leadership, heralding a new era where youth and innovation
converge.
In essence, Livia Voigt's meteoric rise
embodies the convergence of legacy and ambition, underscoring the
transformative power of inheritance and enterprise. As her story unfolds, one
thing remains certain: the face of business is undergoing a rejuvenation, with
youth at the forefront of innovation and prosperity.
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