A horse trainer in Norway became the youngest billionaire in the world with a fortune of $ 1.2 billion at the age of 19.
Forbes magazine has announced the name of Alexandra Andresen, the professional horse trainer, one of the youngest billionaires on the planet. Conditions for this list are assets of at least $ 1 billion.
This is the first time the 19-year-old girl and her 20-year-old sister, Katharia, made the list. They rank 1,475 among the richest billionaires in the world. However, Alexandra Andresen is the youngest billionaire because she has just turned 19 this year.
Alexandra Andresen acquired a huge fortune after her father, Johan F.Andresen, handed over the shares of Norway’s largest Ferd Holdings to two daughters in 2007.
Her family made a lot of money thanks to the thriving tobacco industry. The fourth paternal grandmother of Alexandra Andresen founded Norway’s largest tobacco manufacturing company.
The company was sold in 2005 for $ 500 million and the money was used to invest in assets and trusts. Two years later, Alexandra’s father handed 80% of Ferd Holdings’ shares to his two daughters.
This is the first time the Andresen sisters are on the list because they are over 17 years old and forced to disclose the tax paid.
Alexandra Andresen has won a number of awards in the All-European Youth Horse Racing Championships. Alexandra Andresen’s boyfriend is said to be Joachim Tollefsen, 24, a professional martial arts coach who also lives in Norway.
In an interview posted on the family company website, Alexandra said that while having a lot of money, it was not successful. She said: “I feel a great responsibility. At times I thought I did not deserve it. Sometimes I want to help Ferd company grow further in the future. ”
“It is not easy to repay what you get. My family gave me so many things, especially horse racing which is very expensive. ”
The third youngest billionaire on the list is Gustav Magnar Witzoe, 22, also from Norway. Traditionally, Norwegian super-rich families often handed over their children wealth to their children to continue their business careers.
Kerry Dolan, assistant editor of Forbes magazine, told the Telegraph: “Their assets are all inherited, but there is a notable point in these three youngest people is that they are all from Norway”.
Looking at the whole list, Microsoft founder Bill Gates ranked first with assets of $ 75 billion. He was followed by tycoon Zara Amancio Ortega and real estate tycoon Warren Buffet.