But old age is not a requirement for amassing great wealth. In fact, there are 15 people around the globe who boast a three-comma fortune despite being 30 years old or younger. The youngest of this mostly lucky bunch are Clemente Del Vecchio and Kim Jung-youn, neither of whom have hit their 20s yet.
At 15, Valentina Pinault is the richest teen on this list if not the world -- although her net worth is based on her parents' net worth. Not only is she the daughter of actress Salma Hayek, but her dad is Francois-Henri Pinault -- a literal billionaire. And that means the sky's the limit for this teen.
As the first social generation to have grown up with access to the Internet and portable digital technology from a young age, members of Generation Z, even if not necessarily digitally literate, have been dubbed "digital natives".
Gen Zers are known for working, shopping, dating, and making friends online; in Asia, Gen Zers spend six or more hours per day on their phones. Digital natives often turn to the internet when looking for any kind of information, including news and reviews prior to making a purchase.
The country is closely followed by China, which has 607 of its own, including the youngest billionaire in all of Asia, Wang Zelong, who is just 25 years old.
A nine-year-old African kid is reportedly the world's youngest billionaire, who travels around the world in his private jet and has several mansions to his name. Mompha Junior from Lagos, Nigeria became the owner of his first mansion at the age of just six. He has an entire fleet of supercars.
Story highlights. Here's everything you need to know about Kaivalya Vohra, the co-founder of Zepto who is India's youngest self-made billionaire. Kaivalya Vohra, 19, the co-founder of Indian grocery company Zepto, is the youngest richest Indian as per the IIFL Wealth Hurun India Rich List of 2022.
Blue Ivy Carter is another name that tops the list of the wealthiest kids around the world. Born to popular singers Beyonce and Jay-Z, it is believed that Blue Carter has inherited $1 billion.
Generation Z—your personal bugbear, Minds—is so called because it was the generation immediately after Generation Y (the people who are now called millennials). Gen Y was named, in its turn, because it followed Generation X. Generation X (shout-out to my homiez!) was named after a 1991 novel by Douglas Coupland.
Age ranges from Gen Z to Baby Boomers explained. Millions of Gen Z are set to turn 21 this year. G eneration Z's oldest members are turning 26 in 2023, with millions in the social demographic set to come of age this year.
In the 2023 book Generation Alpha by Mark McCrindle, who is generally credited with coining the term, Generation Alpha is defined as "covering those born between 2010 and 2024". Definitions of Generation Z should be taken into account, however.
