Imagine having enough money as a teenager to never have to work a single day in your life.
That’s the case for the world’s richest teen, Italy’s Clemente Del Vecchio.
Del Vecchio is one of six children of Leonardo Del Vecchio, the late chairman of EssilorLuxottica, the world’s largest eyeglasses firm.
He inherited a 12.5% stake in his father’s Luxembourg-based holding company Delfin after his death, along with his stepmother and six siblings.
Besides EssilorLuxottica, Delfin also owns shares in insurer Generali, banks Mediobanca and UniCredit and real estate developer Covivio.
He is one of two children Del Vecchio had with Sabina Grossi, Luxottica’s former head of investor relations, along with his brother Luca.
After inheriting his stake in his father’s fortune in 2022, Clemente became the world’s youngest billionaire at age 18.
Clemente Del Vecchio maintains a low profile and reportedly does not directly engage in his father’s businesses.
According to the Forbes Real Time Billionaires website, Clemente Del Vecchio is the 678th richest person in the world with a net worth of $4.5 billion (at the time of publishing).
He has less than a month to go until he’s no longer a teenager and the mantle of ‘richest under 20-year-old in the world’ is inherited by someone else.
Personal stats
Born – 14 May 2004
Age – 19
Source of wealth – Eyeglasses
Residence – Milan, Italy
Citizenship – Italy
Meanwhile, as reported by The South African website, France’s founder, chairman and CEO of LVMH Moët Hennessy – Louis Vuitton, Bernard Arnault, remains the richest man in the world.
The 75-year-old leads the way ahead of American Amazon founder Jeff Bezos.
They are followed by South Africa-born 52-year-old Elon Musk, who rounds out the top three.
The rest of the top 10, in order, are Mark Zuckerberg, Larry Ellison, Warren Buffet, Larry Page, Bill Gates, Sergey Brin and Steve Ballmer.
TOP 10 RICHEST PEOPLE IN THE WORLD
Correct as of 19 April 2024
| Rank | Name | Net worth |
| 1 | Bernard Arnault | $211.0 billion |
| 2 | Jeff Bezos | $197.3 billion |
| 3 | Elon Musk | $180.8 billion |
| 4 | Mark Zuckerberg | $175.9 billion |
| 5 | Larry Ellison | $143.7 billion |
| 6 | Warren Buffett | $132.0 billion |
| 7 | Larry Page | $130.0 billion |
| 8 | Bill Gates | $128.1 billion |
| 9 | Sergey Brin | $124.8 billion |
| 10 | Steve Ballmer | $120.6 billion |