“Money is not important, but a lot of money is important,” you may have heard or read this quote. Nobody can stop you from becoming successful but you alone. Your ideas and commitment are the only things that matter, not your age. The young billionaires listed below are excellent examples of people who are an inspiration to the rest of the world. They have been given the title of “Youngest Billionaire In The World” by Forbes magazine.
Youngest Billionaire In The World
Kevin David Lehman
Lehman, from Germany, is also the youngest billionaire in the world at the age of 18. According to the 35th annual billionaires list compiled by Forbes, his net worth is estimated to be around $3.3 billion. Kevin was also given a stake equal to fifty percent of his father’s business, which was a chain of drugstores called Drogerie Markt. On his 14th birthday, he received the fortune and was placed under guardianship until September 2020. His drugstore chain named DM (Drogerie Markt) has a $12 billion yearly revenue. The chain was founded in 1973 and now has 3700 locations across Germany. The chain of drugstores employs 41000 people.
This Chinese businessman, who is only 24 years old, has been ranked as the world’s second-youngest person to ever become a billionaire. He is a giant in the titanium dioxide pigment industry. Wang Zelong’s money was inherited from CNCC Hua Yuan Titanium Dioxide Co., and he also owns shares in Lomom Billions Group. The company’s shares can be purchased and sold on the Shenzhen stock exchange. He is also Asia’s youngest billionaire.
The 24-year-old Norwegian lass is ranked third among the world’s “Youngest Billionaire In The World.” Her net worth is $ 1.4 billion dollars. Ferd, an investment firm that she inherited, is the source of her fortune. The annual revenue is approximately $ 2 billion. In the beginning of 2016, she became the world’s youngest person to ever become a billionaire. Her sister acquired 42 percent of the investment firm as well. Ferd is situated in Oslo and specializes in private equity holdings, real estate, and Nordic stock exchange transactions. However, their father, Johan, runs the company and controls 70 percent of the votes.
Katharina is a young woman from Norway who is only 25 years old and has accumulated a net worth of $1.4 billion. Her father was also quite successful. Therefore she was able to benefit a lot from his fortune. A multibillion-dollar investment corporation called Ferd is her source of fortune. On Forbes’ 35th annual billionaire’s list, her one-year younger sibling is ranked third. She and her younger sister also own 42% of the stock in the company. Jonas, their father, is the sole proprietor of the company. She also has a dual-class share basis, allowing her to receive 70% of the vote
Gustav Magnar Witzoe
Gustav is an accomplished model, a successful entrepreneur, and the heir of great wealth. He is currently ranked fifth among the world’s youngest billionaires. His overall net worth is $4.4 billion, which he earned through fish farming. His father also gave him a big share of the SalMAR ASA company, which was 47%. The billionaire is Norwegian. In addition, he also has a successful career in the pharmaceutical industry. He is currently 28 years old. His company is also considered as one of the world’s largest salmon producers. He has also made fish farming in Norway into an efficient and lucrative industry thanks to his efforts.