(AGENPARL) - Roma, 21 Settembre 2023 - (AGENPARL) – gio 21 settembre 2023 For Immediate Release
Media contact: Justinas Baltrusaitis
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World’s five youngest moguls control $12.3 billion fortune
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In a world where the path to financial success has traditionally been a slow and arduous climb, a group of young prodigies has not only accelerated their ascent but has also made it to the summit ahead of their peers. At an age when many are still building their careers, they have already seized control of a staggering fortune that places them among the most influential figures in global business.
In third place is Germany’s Kevin David Lehmann, aged 21, who has made a mark in the drugstore industry, boasting a net worth of $2.5 billion. Lehman acquired his fortune through a stake in Germany’s leading drugstore chain, DM (Drogerie Markt).
Elsewhere, South Korea’s Kim Jung-youn, at 19 years old, secures the fourth position with an impressive fortune of $1 billion. Occupying the fifth spot is Kim Jung-min, aged 21, who shares a valuation of $1 billion with her compatriot. These South Korean siblings have accrued their wealth through their stake in the online gaming giant Nexon (NXC), founded by their late father, Kim Jung-Ju.
Source of wealth 
The research report highlighted some of the contributing factors to the young billionaires’ wealth. According to the research report:
“While these five billionaires represent diverse industries, one common thread emerges: most have accrued their wealth through pre-existing family connections, exemplified by the Vecchio brothers. Nevertheless, these dynamics aren’t limited solely to direct family ties since some of the billionaires have forged their fortunes through innovation and relentless effort rather than relying on inherited wealth.”
As the young moguls continue to chart their paths in the business world, they encounter criticism that has historically plagued their older counterparts. These concerns center primarily around taxation, the societal implications of the swift ascent of young billionaires, employment dynamics, wealth distribution, and the responsible management of their newfound wealth.
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