Brazilian Livia Voigt, 19 years old, occupies first place in the list of youngest billionaires in the world, according to the ranking released by Forbes magazine, this Tuesday (2). Even at such a young age, Livia already has a fortune estimated at R$5.5 billion (US$1.1 billion).
The Brazilian from Jaraguá do Sul, in Santa Catarina, is still at university and studies Psychology. Her older sister, Dora Voigt de Assis, 26, also appears on the list. Dora also has the same amount – R$5.5 billion (US$1.1 billion).
But where does so much money come from? The sisters are granddaughters of Werner Ricardo Voigt, one of the founders of the electric motor manufacturer WEG. Werner passed away in 2016. Currently, each of the heirs holds 3.1% of the company’s shares.
What is WEG?
WEG is a company specialized in the manufacture and sale of electric motors, transformers, generators and paints. The company was founded in 1961, by Werner Ricardo Voigt, Eggon João da Silva and Geraldo Werninghaus, in Jaraguá do Sul (SC). The name WEG even alludes to the initials of the founders.
Initially, the company only manufactured electric motors, but expanded production from the 1980s onwards. “The company has established itself not only as a manufacturer of motors, but as a supplier of complete industrial electrical systems”, says an excerpt from the official website.
Currently, WEG has branches in 37 countries and factories in 15. The company has a portfolio of around 1,500 products and employs more than 40 thousand employees. In 2023, WEG had revenue of R$32.5 billion.
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