A horse rider from Norway has become the world’s youngest billionaire after amassing a $1.2billion fortune at the age of just 19.
Forbes magazine has named Alexandra Andresen, a professional dressage competitor, on their list of people from around the world worth at least one billion dollars.It is the first time the teenager and her sister Katharina, aged 20, have appeared on the list and they are ranked as the 1,475th richest people in the world.
After completing a short internship at Ferd Holdings, Katharina is now studying at a university in Amsterdam.
Miss Andresen, a professional horse rider, accumulated her personal fortune after her father Johan F. Andresen transferred his stake in Norway’s biggest company, Ferd Holdings, to his daughters in 2007.
Her family had made a fortune in the tobacco industry and her great, great, great grandfather founded Norway’s biggest cigarette producer.
The company was sold for $500million in 2005 and the money then invested in property and hedge funds.Two years later her father gave 80 per cent of his sharesin the company Ferd Holdings to Miss Andresen and her sister.
Their father Johan H. Andresen (born 25 July 1961) is a Norwegian industrialist and investor. Since 1998, Andresen has been the owner of Ferd AS, one of the largest privately heldcompanies in Norway. He served in the position of CEO from 1998 to 2012, and has been the chairman of the board since 2012. In the magazine Kapital’s list of the 400 richest Norwegians, Andresen is ranked as number five, with a net worth equaling more than USD 3.27 billion. While his father Johan H. Andresen Snr. lived, Andresen added Jnr. to his name, but ended this practice when his father died in 2011.