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19-year-old Alexandra Andresen Named Youngest Billionaire
Forbes has compiled a record of all people worth at least a billion dollars, and Andresen is for the first time among those listed. She did a short stint working for the family business, which their great-great-great grandfather started when he bought a tobacco company in 1849. Tobacco. The family were involved in the tobacco industry with their brand Tiedemanns until 2005 before selling their stake to Skandinavisk Tobakskompagni for nearly $500 million.
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In 2007, Alexandra and Katharina saw their fortunes taking off when their financial specialist father Johan Andresen exchanged the Ferd Holding stock to them. Her 20-year-old sister Katharina is also worth $1.2bn thanks to the 42.2 per cent of the Ferd Holding company she and her sister both own. The younger Andresen plans to continue her equestrian dreams for a while, but eventually will take her place at the family company. The teenage billionaire is an award-winning competitor in global dressage competitions and is now in training for the 2020 Olympics in Tokyo.
Alexandra appears focused on equine competitions, telling Eurodressage magazine previous year, “This is what I want to do the rest of my life, ride!”
Alexandra, who is now studying social science at Amsterdam University College, did her schooling at Forres Sandle Manor boarding school in Fordingbridge. Now, the Ferd investment company predominantly manages hedge funds. But on their return to Norway, they were enrolled into a local Norwegian state school, and their father insisted that they buy second-hand cars, reported The Telegraph.
Her Instagram page, which has almost 22,000 followers, showcases her love for horses and the sport.
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In light of this news, What’s on Weibo explores who the richest “kids” of mainland China are: a top 10 of China’s youngest billionaires, according to Forbes’ World’s Billionaires.