BEN FRANCIS
$1.2 bil • Gymshark • U.K. • 30
Francis was juggling college classes and delivering pizzas when he founded activewear maker Gymshark in 2012 at age 19. He sewed the first pieces together in his parents’ Birmingham, England, garage and guerrilla-marketed his way into the workout gear scene, getting weightlifting influencers to pump up his brand. Gymshark did more than $500 million in 2021 sales. Francis sold 21% of the business to private equity firm General Atlantic in
2020 for $300 million but still owns 70%.
Clemente Del Vecchio
$3.5 bil • Luxottica • Italy • 18
Luca Del Vecchio
$3.5 bil • Luxottica • Italy • 21
Leonardo Maria Del Vecchio
$3.5 bil • Luxottica • Italy • 27
The world has a new teenage billionaire after eyewear kingpin Leonardo Del Vecchio died in June 2022, leaving his fortune to his widow and six children. Clemente, Luca and Leonardo—the three youngest—each inherited 12.5% of Luxottica, which owns brands including Sunglass Hut and Ray-Ban.
Kim Jung-youn
$1.7 bil • Online gaming • South Korea • 19
Kim Jung-min
$1.7 bil • Online gaming • South Korea • 21
The sisters each inherited 15% of game maker Nexon after their father, Kim Jung-ju, who founded the company, died in February 2022.
Kevin David Lehmann
$2.3 bil • Drugstores • Germany • 20
His father gave him 50% of German drugstore chain dm-drogerie markt at age 14, though it remained under a trusteeship until he turned 18. Neither Lehmann nor his father is operationally involved in the $14 billion (revenue) company.
Alexandra Andresen
$1.5 bil • Investments • Norway • 26
Katharina Andresen
$1.5 bil • Investments • Norway • 27
The sisters are sixth-generation owners of Ferd, the more than $4 billion (equity) investment company their father, Johan, runs. Katharina works for an Oslo-based construction firm; Alexandra is a champion dressage rider.
Wang Zelong
$1.4 bil • Pigment production • China • 26
Wang’s fortune mainly comes from a stake in Shenzhen-listed CNNC Hua Yuan Titanium Dioxide, a producer of the chemical used to create white pigment for things like paint and paper.
Ryan Breslow
$1.1 bil • E-commerce • U.S. • 28
The Stanford dropout founded three startups, each four years apart: Bolt (2014), which rocketed him to fame, Eco (2018) and Love (2022). They aim to remove middlemen in payments processing, personal finance and pharmaceuticals, respectively.
Gustav Magnar Witzoe
$2.7 bil • Fish farming • Norway • 29 He inherited nearly half of salmon farming company SalMar ASA but does not have an operating role. Instead, he’s casting his line as a real estate and tech startup investor.
Palmer Luckey
$1.7 bil • Virtual reality • U.S. • 30
The former teen whiz founded VR headset maker Oculus and sold it to Facebook for $2 billion in 2014, then began building weapons. His defense tech startup, Anduril, raised $1.5 billion at an
$8.5 billion valuation in December.
Mark Mateschitz
$34.7 bil • Red Bull • Austria • 30
This year’s richest newcomer inherited 49% of energy drink giant Red Bull after his father, cofounder Dietrich Mateschitz, died in October. He soon resigned as its head of organics to “concentrate on his role as shareholder.”
Michal Strnad
$2 bil • Weapons • Czech Republic • 30
His Czechoslovak Group is one of the biggest suppliers of ammunition and artillery to the Ukrainian army, which has helped double sales to $620 million in the first half of 2022. He took full control of the business, founded by his father, in 2018.