Business

Meet Alexandra Andresen, World’s Youngest Billionaire from Norway

Meet Alexandra Andresen, World’s Youngest Billionaire from Norway

Bill Gates and Warren Buffett are the most discussed people in this week because of Forbes new list of Billionaires and the presence of UAE businessmen in the list, but there was one more name that makes space in rich list.

Alexandra Andresen, World's Youngest Billionaire

 

19 years old Alexandra Andresen from Oslo is the world’s youngest billionaire. She is the daughter of Johan Andresen, a Norwegian investor from Oslo.  She owns $1.2 billion. She has equal wealth to her one year elder sister, Katharina. Both these sisters owe wealth from their family’s tobacco business.

Alexandra Andresen, World's Youngest Billionaire

 

Both of these sisters own 42.2% of the private company Ferd. Their father transferred the stock to his daughters in 2007, but still maintains control of the company.

Alexandra Andresen, World's Youngest Billionaire

This family initiated tobacco business with  brand Tiedemanns until 2005 before selling their stake to Skandinavisk Tobakskompagni for almost $500 million.

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@iMZahidIqbal @eZahidIqbal

Member of National Youth Assembly of Pakistan. Writing about developing World technologies and entrepreneurship. Associate at Microsoft BizSpark & International Development Innovation Network. Follow me on Twitter and Facebook.

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