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Youngest billionaire: Alexandra Andresen broke Guinness World Records record

Youngest billionaire: Alexandra Andresen broke Guinness World Records record

Oslo, Norway – March 2, 2016 – At age 19, Alexandra Andresen is the world’s youngest billionaire, having recently inherited a 42.5% stake of her family’s investment company; Forbes magazine has named Alexandra Andresen, a professional dressage competitor, the World’s Youngest Billionaire.

Photo: World’s youngest billionaire Alexandra Andresen. Alexandra Andresen, a professional dressage competitor from Europe, has amassed a fortune of $1.2billion (£862million) at only 19 years old. She debuted on Forbes magazine ‘s 2016 World’s Billionaires list today in 1,475th place, alongside her 20-year-old sister, Katharina.

The Guinness World Records world record for the first dollar billionaire was John D Rockefeller (USA, 1839–1937). He made his fortune in the oil business and was worth an estimated $1.4 billion (£0.28 billion) at his death.

Guinness World Records also recognized the world record for the oldest living US dollar billionaire; it is John Simplot (USA, b.4 January 1909), who had a net worth valued at $3.2 billion (£1.6 billion) when listed on Forbes.com on 8 March 2007, aged 98 years 63 days. Mr Simplot of Boise, Idaho, USA, self-made his fortune in the agricultural business, most notably in potato products.

The world’s youngest billionaire is a Norwegian teenager, Alexandra Andresen, who spends most of her time riding horses.

Alexandra, 19, and her sister Katharina, 20, a college student, both inherited big stakes in their family’s investment company.

Alexandra currently owns 42.2 percent of private investment company Ferd, a “holding company with diverse interests spanning private equity holdings, real estate, security investments and a hedge fund,” reports Forbes.

Alexandra’s sister, 20-year-old Katharina Andresen, who also owns 42.2 percent of Ferd, made the list as well.

The two stylish sisters rank as the 1,475th wealthiest people on the planet, and are in the top ten richest people under 30.

On the Ferd wesbite, Alexandra, who just finished high school, says she feels a “great responsibility” to ensure her company’s success. “I want to help develop Ferd and make it even better,” her statement reads.

Alexandra’s focus will remain on training to compete in the 2020 Tokyo Summer Olympics. Her older sister Katharina is currently studying at the Amsterdam University College.

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