The Youngest Billionaire Is No Longer Kylie Jenner - It's an 18-Year-Old From Germany

As of October 2020, Jenner's net worth was listed at $700 million.

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
News Writer
2 min read

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.

More from Entrepreneur
Our Franchise Advisors are here to help you throughout the entire process of building your franchise organization!
  1. Schedule a FREE one-on-one session with a Franchise Advisor
  2. Choose one of our programs that matches your needs, budget, and timeline
  3. Launch your new franchise organization
Entrepreneur Insider members enjoy exclusive access to business resources for just $5/mo:
  • Premium articles, videos, and webinars
  • An ad-free experience
  • A weekly newsletter
  • A 1-year Entrepreneur magazine subscription delivered directly to you
Try a risk-free trial of Entrepreneur’s BIZ PLANNING PLUS powered by LivePlan for 60 days:
  • Get step-by-step guidance for writing your plan
  • Gain inspiration from 500+ sample plans
  • Utilize business and legal templates
  • And much more

Latest on Entrepreneur