Wang Zelong (2024)

FAQs

How did Wang Zelong become a billionaire? ›

Wang Zelong holds the title of the youngest billionaire in Asia, deriving his wealth from stakes in CNNC Hua Yuan Titanium Dioxide Co., a pigment production company listed on the Shenzhen Stock Exchange, and Lomon Billions Group.

As of March 2024, Wang Ning, who is the founder of Pop Mart, was the youngest Chinese billionaire owning net worth of approximately 1.8 billion U.S. dollars. The main wealth source of other young Chinese billionaires was technology-related.

Meet World's Youngest Billionaire: Livia Voigt

Livia Voigt, hailing from Brazil, stands as the heiress to one of Latin America's prominent electrical motors manufacturers.

The richest Chinese billionaire for the fourth year in a row is bottled water and tea magnate Zhong Shanshan, the founder of Hong Kong-listed firm Nongfu Spring. Zhong, who dropped out of elementary school during China's chaotic Cultural Revolution, is worth an estimated $62.3 billion, down from $68 billion a year ago.

The youngest billionaire in the world is Brazil's Livia Voigt. Just 19 years old and still in college, she's worth an estimated $1.1 billion thanks to her minority stake in the electrical equipment producer WEG, which her late grandfather cofounded.

According to Forbes Billionaires List 2024, a 19-year-old Brazilian student Livia Voigt was named the youngest billionaire. She took this title from an Italian teen, Clemente Del Vecchio, who is just two months older than her.

Liu Zhongtian, who founded Zhongwang Group and built it into Asia's biggest maker of aluminum extrusion products while launching himself onto the Forbes list of China's richest billionaires, now finds himself under legal restraint with his company in bankruptcy and much of his wealth evaporated.

Struggling Chinese property giant Evergrande and its founder, Hui Ka Yan, have been accused of inflating revenues by $78bn (£61.6bn) in the two years before the firm defaulted on its debt. The country's financial markets regulator has fined the company's mainland business Hengda Real Estate $583.5m.

In late 2020, Alibaba founder Jack Ma also disappeared from public view for three months, after making comments critical of market regulators. He had been due to publicly list his digital payments firm Ant Financial - which would have most likely made him the richest man in China.

The pop star's record-breaking Eras Tour helped cement her status among a rare economic class, according to the analysis. Swift is one of the few people to reach billionaire status almost exclusively from her music.

Who is the richest 23-year-old? ›

Of the 2,095 billionaires in the world for 2020, only ten are under 30. They're worth a combined $15.9 billion. Makeup mogul Kylie Jenner is No. 1: With $1 billion at 22 years old, she remains the world's youngest self-made billionaire. At No. 2 is 23-year-old Alexandra Andresen, worth $1.1 billion.

Francoise Bettencourt Meyers, the heiress to the L'Oréal cosmetics empire, holds the title of the richest woman in the world. Born in 1948, she is the granddaughter of Eugène Schueller, the founder of L'Oréal.

Vagit Alekperov replaced Andrei Melnichenko as Russia's richest billionaire, according to the Forbes Billionaires List 2024. Russian industraliast Vagit Alekperov has become the richest billionaire in the country, according to the recently-released Forbes Billionaires List 2024.

Jack Ma, co-founder of Alibaba, is no longer the company's largest shareholder, having retired from the company in 2019. Joseph Tsai, Ma's co-founder at Alibaba, is the second-largest shareholder behind SoftBank. Jack Ma, Goldman Sachs, and Primecap round out the top five shareholders.

The world's youngest billionaire is 19-year-old Livia Voigt. Every billionaire on Earth who is under the age of 30 has earned their wealth through huge inheritance, a new research has found. Forbes' billionaires list for 2024 saw the highest-ever number of people on the list, 141 more than last year.

Alexandr Wang (born January 1997) is the founder and CEO of Scale AI, a data annotation platform that provides training data for machine learning models. At age 24, he became the youngest self-made billionaire in the world.

7 Zhang Yin became rich by starting the Nine Dragons paper company 8 China imported 12 million tonnes of waste paper in 2005, that's almost half of the world's waste paper available for export.

China's richest man was the emperor. During the Ming and Qing dynasties, the emperor lived in an area that was off limits to ordinary people—the Forbidden City. None except the emperor could enter it at night. Today, its many palaces are open to the public.