Nepo Baby Billionaires: Forbes' Youngest Are All Heirs

There are no self-made billionaires under the age of 30 on Forbes' list of the world's richest, for the first time in 15 years.

A rich young couple wearing sunglasses.
(Image credit: Getty Images)

Worldwide, there are 2,781 billionaires worth a record 14.2 trillion, according to Forbes World's Billionaires list. That’s 141 more billionaires than in 2023. As the average billionaire is 66, it’s clear that self-made billionaires are older, suggesting that the Great Wealth Transfer — an intergenerational transfer of wealth, with baby boomers leaving significant wealth to their heirs — is underway. 

The 25 youngest people on the Forbes’ World’s Youngest Billionaires of 2024 list are all 33 or younger and worth $110 billion together. Some are self-made, but for the first time in more than 15 years, every billionaire under 30 inherited their fortune.  

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Kathryn Pomroy

For the past 18+ years, Kathryn has highlighted the humanity in personal finance by shaping stories that identify the opportunities and obstacles in managing a person's finances. All the same, she’ll jump on other equally important topics if needed. Kathryn graduated with a degree in Journalism and lives in Duluth, Minnesota. She joined Kiplinger in 2023 as a contributor.