Featured Image Credit: Jam Press
Topics: Money
Lucy Devine
A teenager who has been named as the world's youngest billionaire is earning around £125,000 a day.
And she's been raking in this kind of cash every single day since she was born almost 20 years ago.
Livia Voigt, who is now 19 years old, has just started a psychology degree at university - but has already amassed a $1.1bn (£868.5m) fortune.
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The teenager is the heiress of an electrical machines company named WEG, and has a stake in the company.
This essentially means that since she was born in 2004, she's been earning around £120,000-£125,000 a day.
The teenager, who lives with her family in Brazil, has been named the world's youngest billionaire by Forbes, with her name alongside the likes of Taylor Swift and Rihanna.
Voigt's older sister Dora, 26, is also mentioned on the list. They both own about three percent of the company.
Their older cousins, Eduardo Voigt Schwartz and Mariana Voigt Schwartz Gomes, also hold shares in the company and were likewise on Forbes’ list.
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Livia and Dora are the youngest granddaughters of WEG co-founder Werner Ricardo Voigt, who passed away in 2016 at the age of 85.
Voigt, who co-founded WEG alongside Eggon Joao da Silva and Geraldo Werninghaus, was a self-made man.
After serving in the Brazilian Army, he was one of two soldiers selected to attend the Escola Tecnica Federal, specialising in radiotelegraphy and electronics.
Once he graduated, he worked at a local electric company before starting his own workshop, which dealt with domestic and agricultural electric equipment.
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From this relatively humble background, he helped grow WEG into one of the world’s top electric motor producers.
It's based in Jaraguá do Sul and also produces the likes of gearboxes, generators and turbines.
The company is currently valued at around $31.45 billion.
Earlier this week, we told you about another child millionaire who made enough money to retire at the age of 11.
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Last year, Pixie Curtis, who is the daughter of Australian PR guru Roxy Jacenko, retired from the world of work before she was even old enough to leave school after making about £110,000 a month selling toys.
However, in February 2023, she announced that she was 'semi retiring' from work to focus on her education and her imminent journey to high school.
The online store - where people could buy things like fidget spinners and bows - stayed up, but Pixie herself said she would be spending more time on her studies.
However, according to The Sun it appears as though the now 12-year-old is back at work since she's promoting a range of phone accessories alongside her mother.
Her mum previously reckoned that if Pixie kept working she'd have made enough money to properly retire by the time she was 15.