Alexandra Andresen, a 19-year-old professional dressage competitor, is now certainly one of the world's newest billionaires. She narrowly edges out her 20-year-old sister, Katharina, for the title of youngest billionaire, as well. The sisters each and every have a net value of $1.2 billion.
Alexandra and Katharina obtained their fortunes thru inheritance. In 2007, their father, Johan F. Andresen, transferred his stocks of Ferd Holdings, Norway's largest company, to his daughters. The Andresen circle of relatives made a large fortune in the tobacco industry. Alexandra and Katharina's great, great, nice grandfather based Norway's biggest cigarette company. That company was once sold for $500 million in 2005. The cash from the sale was invested in hedge funds and real estate and it grew impressively.
Johan Andresen (Photo via Tore Sætre/Wikimedia Creative Commons)
In 2007, Johan Andresen transferred 80% of his shares in Ferd Holdings to Alexandra and Katharina. The sisters made the Forbes list of billionaires this year for the first time. As they are both now over the age of 17, the law compels them to make their tax returns, and subsequently their non-public fortunes, public.
What does a 19-year-old with a greater than billion dollar fortune do? Alexandra prefers to spend time with her horses. She lives in Germany, where she rides professionally in dressage competitions. She and her horse, Belamour, make the rounds of the European Junior Riders Championships. Alexandra is relationship 24-year-old Norwegian skilled mixed martial arts fighter, Joachim Tollefsen.
Katharine Andresen, on the different hand, is a school pupil at Amsterdam University College with a fondness for pricey sneakers from Jimmy Choo and Valentino. She dates fashion Mads Madsen and boasts about her money and her lifestyle on her Instagram feed. The jet setting heiress enjoys holidays in exotic locales, together with on the superyacht, Sunny Hill, which prices $53,752 every week to constitution. Katharina posted a photograph of her pouting in a bikini on the yacht with the caption "planning Spring Break, any suggestions?" She has also not too long ago enjoyed vacations in New York, Italy, London, Ecuador, and the Galapagos Islands.
In an interview on the Ferd Holdings site, Alexandra Andresen remarked that having this nice wealth was once no longer sufficient. She intends to present something back and grow the company into one thing better.
Alexandra and Katharina Andresen are the two youngest billionaires in the world this year. They are the 1,475th richest folks in the world. Fellow Norwegian. Gustav Magnar Witzoe, 22, is the third youngest billionaire, ranked at 1,476 in the world. Families in Scandinavian cultures cross down the circle of relatives fortunes to the more youthful generations earlier to inspire them to get interested by the circle of relatives industry.
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