Student, 19, crowned world’s youngest billionaire after earning on average £125,000-a-day since she was born

A TEENAGER has been crowned the world's youngest billionaire as she makes on average a whopping £125,000 a day since she was born.

Livia Voigt, 19, is an heiress of the electrical machines company WEG with a stake in the company.

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The Brazilian, who has just started a psychology degree at university, has reportedly already amassed a $1.1bn (approximately £868.5m) fortune.

She has now been named the world's youngest billionaire by Forbes, with her name now appearing alongside Taylor Swift and Magic Johnson.

Her older sister Dora, 26, is also mentioned on the list.

The sisters live with their family in Florianópolis, Brazil, and generally keep a low profile.

Livia and Dora are the youngest granddaughters of WEG co-founder Werner Ricardo Voigt, who passed away in 2016.

They hold about three per cent of the company’s shares, as reported on AbsolutelyBusiness.

They are among 18 heirs but don’t have a role on the board or in management.

Their older cousins, Eduardo Voigt Schwartz and Mariana Voigt Schwartz Gomes, who also hold shares in WEG, are also on Forbes’ list.

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WEG is headquartered in the southern town of Jaraguá do Sul, and is one of the world’s top electric motor producers. It also produces gearboxes, generators and turbines.

Italian teen Clemente Del Vecchio, also 19, shares the crown with Livia as the other youngest billionaire on earth, reports.

Del Vecchio, who sprung from Italy's famed Luxottica eyeglasses dynasty, equaled Voigt's billionaire status with his own $4.1 billion inheritance.

The Luxottica Group, a leader in fashion, luxury, and sports eyeglasses, solidified the Del Vecchio family's business dominance, making Clemente a well-known young millionaire.

Meanwhile, the five richest men in the world are competing to become the first ever trillionaire.

Tesla boss Elon Musk currently leads the way as the richest man on the planet with his boastful $222bn (£173bn) net worth, according to a study by .

His next closest challenger to reaching the $1trillion (£783bn) benchmark is LVMH Moët Hennessy Louis Vuitton chief executive Bernard Arnault.

The French businessman currently has a net worth totalling $179.3bn (£140.5bn).

Hot on his heels, however, is Amazon's executive chairman Jeff Bezos with his $177bn (£138bn) net worth.

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Larry Ellison, the co-founder of software company Oracle, is fourth on the list with a net worth of $138.5bn (£108.5bn).

And Facebook owner Mark Zuckerberg props up the top five list with a net worth of $134.8 bn (£105.6bn).