1st place - Mark Mateschitz

31-year-old Mark Mateschitz is considered to be the world’s richest millennial with a net worth of almost $35 billion. He owns a 49% stake in Red Bull, the world's largest energy drink maker. Mark Mateschitz inherited the assets after the death of his father, Dietrich Mateschitz, in October 2022. He is currently the company’s largest shareholder.

2nd place - Leonardo Maria Del Vecchio and brothers

After the passing of Leonardo Del Vecchio, the founder of the world’s largest eyewear manufacturer Luxottica, his sizeable inheritance was divided between his six children. 27-year-old Leonardo Maria (pictured), 21-year-old Luca, and 18-year-old Clemente each got a stake in their late father’s company worth $3.5 billion, propelling them to second place on Forbes’ list. Leonardo Maria Del Vecchio is currently Luxottica’s chief strategy officer.

3rd place - Gustav Magnar Witzoe

Norwegian businessman Gustav Magnar Witzoe became a billionaire after receiving a controlling stake in his father’s business, SalMar, as a gift for his 18th birthday. SalMar is one of the world’s leading producers of salmon, and Witzoe now owns about half of the company’s shares. The 29-year old businessman also invests into real estate and tech start-ups. His net worth is currently estimated at $2.7 billion.

4th place - Kevin David Lehmann

Kevin David Lehmann inherited a 50% stake in the German pharmacy chain Drogerie Markt when he was 14. However, he could not control his shares in the company until he reached the age of 18. In 2021, when Kevin David Lehmann turned 18, he was valued at $3.3 billion. Despite his net worth decreasing by $1 billion to $2.3 billion, he remains one of the world's wealthiest young billionaires.

5th place - Michal Strnad

Michal Strnad is the owner of the Czech holding company CSG Group (Czechoslovak Group). He has been working in the company for more than 10 years. The 30-year-old businessman took over CSG Group in 2018 from his father, who founded the company. Under Michal Strnad’s management, the holding company diversified its business. CSG Group is operating in automotive, railroad, aerospace, and defense industries. Michal Strnad’s net worth is currently estimated at $2 billion.