A 19-year-old Livia Voigt has emerged as the youngest billionaire in the world. With a net worth of USD 1.1 billion, she is at the 2,648th position in the list of the richest persons globally.

Voigt, who is a citizen of Brazil and a resident of Florianopolis, is one of the largest shareholders of WEG, the largest manufacturer of electrical motors in Latin America.

Though she is one of the largest shareholders of WEG, she still attends university. Currently, she is not holding any executive position.