An “18-year-old” from Germany has displaced model and television personality Kylie Jenner as this year’s youngest billionaire, Forbes reports. Jenner, 23, was the youngest billionaire on last year’s list, but did not make the cut this year. In 2019, she was controversially named the youngest self-made billionaire in 2019 following the success of Jenner’s brand Kylie Cosmetics, but as of October 2020, Forbes listed her net worth at $700 million.
Little is known about Kevin David Lehmann, who inherited his father’s 50% stake in German drugstore chain dm-drogerie markt. According to Forbes, the stake’s value comes out to about $3.3 billion. The second-youngest billionaire is 24-year-old Chinese national Wang Zelong, who inherited a $1.5 billion stake in pigment production business CNNC Hua Yuan Titanium Dioxide Co.
Related: Kim Kardashian West Joins Estranged Husband Kanye West on Billionaires List
In fact, among those who were listed as billionaires and are in their 20s, just four were self-made. They include 26-year-old Austin Russell (a Stanford dropout who founded laser lidar startup Luminar technologies) and the 28-year-old DoorDash founders Stanley Tang and Andy Fang. Sam Bankman-Fried, 29, rounds out the exclusive list, making his $8.7 billion fortune as the founder of trading firm Alameda Research and crypto derivative trading platform FTX.
From Source
Imagine you step into an elevator and someone you professionally admire is standing inside. You… Read More
If you purchase an independently reviewed product or service through a link on our website,… Read More
Funding a small business can be difficult for anyone, but for Indigenous-owned businesses, it can… Read More
Shawn Johnson East started stressing as soon as she found out when her third child… Read More
I don’t know about you, but it’s very hard, in an era of limitless media… Read More
Emily Jamea, Ph.D., is a sex therapist, author and podcast host. You can find her… Read More
