12/08/2022

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International’s Youngest Billionaire Is a Youngster in Germany: Forbes Rating

  • The youngest billionaire in all the international at the moment has a German drugstore chain to thank for his fortune.
  • Which is according to Forbes’ once-a-year billionaire score, which used to be introduced on April 6.
  • The teenager, 18-year-outdated Kevin David Lehmann, is worth $3.3 billion and inherited his prosperity from his father.

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It may be nice to be Kevin David Lehmann. 

Lehmann, 18, is worthy of $3.3 billion instantly after inheriting stakes in German drugstore chain dm-drogerie markt from his father, Guenther Lehmann. This is in keeping with Forbes’ thirty fifth once-a-year billionaires file, which used to be launched on April 6.

 

Dm-drogerie markt, the supply of Lehmann’s wealth, is the highest drugstore chain in Germany. It used to be began in 1974. According to the company internet website, it employs in far more than 41,000 other folks throughout additional than 2,000 shops during Germany.

According for Forbes, neither Lehmann nor his father is actively concerned within the company, and small is known about them. Insider has accomplished out to Dm-drogerie markt for statement. Lehmann may just now not immediately be attained for statement for this story.

The No. 2 position between the sector’s youngest billionaires in 2021 is held via 24-year-old Wang Zelong of China, who’s worth $1.5 billion. The No. 3 and four spots are held via Norwegian sisters Alexandra and Katharina Andresen, who’re 24 and 25 a number of years elderly respectively and almost about each and every worthy of $1.4 billion. They similarly person part in their family corporate, Ferd, a multibillion-greenback funding company. 

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The very low profile of the present youngest billionaire in all the international — who has no discernible life on any giant social platform — stands in stark distinction to the previous titleholder. Within the 2020 version of Forbes’ billionaire place, the identify used to be held via reality Tv megastar and fashion wealthy person Kylie Jenner. While 23-One year-old Jenner has fallen off Forbes’ 2021 billionaire ranking totally, she used to be — controversially — named the sector’s youngest self-made billionaire in 2019 on the age of 21. 

Forbes’ list pulls collectively information at the international’s wealthiest other folks making use of inventory charges and change charges as of March 5 and most effective considers the ones other folks individuals whose internet worths are greater than $1 billion. According to the tick list, there at the moment are 2,755 billionaires within the atmosphere, much more than there have ever been prior to.

Even following the pandemic One year of 2020, the sector’s billionaires also are richer than they have got at any time been, even supposing estimates in their collective good points range. In keeping with Forbes, the collective fortunes of the sector’s billionaires higher via $8 trillion to a whopping $13.1 trillion. Within the period in-between, a document from the Institute for Coverage Clinical assessments noticed that the sector’s billionaires additional $4 trillion — considerably significantly lower than Forbes’ estimate — to their wealth from March 18, 2020, to March 18, 2021.