The Youngest Billionaire Is No Longer Kylie Jenner - It's a 19-Year-Old From Germany
As of October 2020, Jenner's net worth was listed at $700 million.
Last year, an 18-year-old from Germany displaced model and television personality Kylie Jenner as the world's youngest billionaire, according to Forbes. Jenner, 23, was the youngest billionaire on 2020's list, but did not make the last year — or 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 May 2022, Forbes listed her net worth at $900 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 chain brings in over $12 billion in annual revenue. The second-youngest billionaire is 25-year-old Alexandra Andresen from Norway, who inherited 42% of the family-owned investment company Ferd, and has a net worth of $1.2 billion.
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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.