The incredible life of the youngest billionaire in the world, Alexandra Andresen, who is only 19 (2024)

Table of Contents

Alexandra Andresen was born in 1997 in Oslo, Norway, where she was also primarily raised. Her father is Johan Andresen, son of industrialist Johan Henrik Andresen and Marianne Ebba Therese Bielke. The Andresen family made their money from their tobacco brand, Tiedemanns, which the clan held until 2005 under Ferd. Today, Ferd mainly runs hedge funds. It is an active investor on the Nordic stock exchange and has private equity investments, too. She was also raised by her mother, Kristin. Here is her mother when she was younger. She has one sister, Katharina, who is a year older, making her the second-youngest billionaire in the world. Growing up, their house and land was always filled with animals. On Instagram, Alexandra said that "we used to bring our ponies, Pinocchio (pinto) and Spike (brown), to an island where we had a summerhouse. They would walk free on our property." They have also had several dogs, including Bella. So it was natural that they found an affinity for horses and other animals from an early age. Meanwhile, her father sold the family's stake in the tobacco business to Skandinavisk Tobakskompagni for nearly $500 million in 2005. Two years later, Johan transferred a 42% stake of the company each to Alexandra and Katharina. Alexandra was 10. But Johan still controls the company, and Alexandra's and Katharina's wealth has only become public because Norway publishes the tax returns of any person over 17. Alexandra picked up horse riding at a young age, and in recent years has forged a career as a professional dressage competitor. Alexandra is a three-time junior Norwegian dressage champion. Here she is receiving the AEG Galla 2014 Best Achievement of the Year Award. She is now sponsored by Kingsland, an equestrian company, for her dressage competitions. While Alexandra and Katharina have inherited enormous fortunes from Ferd, their father insists that they won't be forced to help run the company in the future, which he told Norwegian newspaper Aftenposten in 2015. So far, Katharina appears the most likely of the two sisters to work at Ferd, having completed an internship at the family company. Katharina is now studying social sciences at Amsterdam University College. Meanwhile, Alexandra is still unsure about the future. She said in an interview on Ferd's website: "I feel a great responsibility. In a way I think that I have not made me deserving of this, while I want to help develop Ferd and make it even better. Finding a way to give something back, I think is difficult." "The fact that my family has resources has given me many opportunities, especially in the riding, because it requires a lot of capital. But it is not enough to have money to succeed," Alexandra added. But in another interview last year with Eurodressage magazine, she said: "This is what I want to do for the rest of my life — ride!" Though she's been aware of her wealth from a young age, Alexandra told Ferd's corporate magazine that her parents always taught the sisters to save pocket money and made them drive second-hand cars, according to The Telegraph. Apart from the horse-riding circuit, she lives a relatively low-key life. Though she does like the occasional holiday. And she also brings her friends to red-carpet events. Alexandra also has a 24-year-old boyfriend, Joachim Tollefsen, a professional mixed-martial-arts fighter from Norway. But the love of her life is her horse riding, which dominates her Instagram account and all her social-media activity. FAQs

US Markets Loading... h m s

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE

Newsletters

Finance

Lianna Brinded

2016-03-01T23:41:00Z

Alexandra Andresen is the youngest billionaire in the world.

Advertisem*nt

Forbes revealed in its 2016 ranking of the richest people on earth that the Norwegian heiress, 19, is now worth $1.2 billion (£862 million). In 2007, her father, Johan Andresen, transferred to her 42% of the stock in Ferd, the family's centuries-old private-investment company.

He also transferred a 42% stake inthe companyto her sister, Katharina, who at 20 is the second-youngest billionaire in the world. She's also worth$1.2 billion.

The incredible life of the youngest billionaire in the world, Alexandra Andresen, who is only 19 (1)

Alexandra was only recently confirmed as the world's youngest billionaire because the Norwegian governmentpublishes the tax returns of peopleover 17.

But despite her affluent upbringing in one of the most famous families in Norway, she isn't just any rich kid.Alexandrais already an accomplished horse rider, winning several massive competitions in dressage.

Advertisem*nt

Her parents also taught her to be humble and save. So even though she is worth over a billion dollars, she actually saved her pocket money during her younger years and only drove second-hand cars.

Take a look at the incredible life Alexandra Andresen has led so far:

Advertisem*nt

Alexandra Andresen was born in 1997 in Oslo, Norway, where she was also primarily raised.

A photo posted by Alexandra (@alexandraandresen)Oct 10, 2012 at 1:55pm PDT

Her father is Johan Andresen, son of industrialist Johan Henrik Andresen and Marianne Ebba Therese Bielke.

The incredible life of the youngest billionaire in the world, Alexandra Andresen, who is only 19 (2)

Advertisem*nt

The Andresen family made their money from their tobacco brand, Tiedemanns, which the clan held until 2005 under Ferd. Today, Ferd mainly runs hedge funds. It is an active investor on the Nordic stock exchange and has private equity investments, too.

The incredible life of the youngest billionaire in the world, Alexandra Andresen, who is only 19 (3)

Advertisem*nt

She was also raised by her mother, Kristin. Here is her mother when she was younger.

A photo posted by Alexandra (@alexandraandresen)Dec 6, 2011 at 5:45am PST

She has one sister, Katharina, who is a year older, making her the second-youngest billionaire in the world.

A photo posted by Alexandra (@alexandraandresen)Nov 4, 2013 at 11:54pm PST

Advertisem*nt

Growing up, their house and land was always filled with animals. On Instagram, Alexandra said that "we used to bring our ponies, Pinocchio (pinto) and Spike (brown), to an island where we had a summerhouse. They would walk free on our property."

A photo posted by Alexandra (@alexandraandresen)Feb 9, 2014 at 1:27pm PST

Advertisem*nt

They have also had several dogs, including Bella.

A photo posted by Alexandra (@alexandraandresen)Apr 15, 2014 at 8:33am PDT

Advertisem*nt

So it was natural that they found an affinity for horses and other animals from an early age.

Every champion was once a contender that refused to give up! - Rocky Balboa

A photo posted by Alexandra (@alexandraandresen) on Feb 13, 2014 at 2:15pm PSTFeb 13, 2014 at 2:15pm PST

Advertisem*nt

Meanwhile, her father sold the family's stake in the tobacco business to Skandinavisk Tobakskompagni for nearly $500 million in 2005.

The incredible life of the youngest billionaire in the world, Alexandra Andresen, who is only 19 (4)

Advertisem*nt

Two years later, Johan transferred a 42% stake of the company each to Alexandra and Katharina. Alexandra was 10.

A photo posted by Alexandra (@alexandraandresen)Feb 11, 2014 at 7:21am PST

Advertisem*nt

But Johan still controls the company, and Alexandra's and Katharina's wealth has only become public because Norway publishes the tax returns of any person over 17.

A photo posted by Alexandra (@alexandraandresen)Jan 13, 2016 at 6:10am PST

Advertisem*nt

Alexandra picked up horse riding at a young age, and in recent years has forged a career as a professional dressage competitor.

See Also
Discounted Cash Flow (“DCF”) - ppt video online download

A photo posted by Alexandra (@alexandraandresen)Jul 19, 2014 at 11:06am PDT

Advertisem*nt

Alexandra is a three-time junior Norwegian dressage champion. Here she is receiving the AEG Galla 2014 Best Achievement of the Year Award.

A photo posted by Alexandra (@alexandraandresen)Nov 24, 2014 at 6:17am PST

Advertisem*nt

She is now sponsored by Kingsland, an equestrian company, for her dressage competitions.

A photo posted by Alexandra (@alexandraandresen)Feb 25, 2014 at 1:05pm PST

Advertisem*nt

While Alexandra and Katharina have inherited enormous fortunes from Ferd, their father insists that they won't be forced to help run the company in the future, which he told Norwegian newspaper Aftenposten in 2015.

A photo posted by Alexandra (@alexandraandresen)Nov 3, 2014 at 7:02am PST

Advertisem*nt

So far, Katharina appears the most likely of the two sisters to work at Ferd, having completed an internship at the family company.

A photo posted by Katharina G. Andresen (@kgandresen)Feb 14, 2016 at 3:24am PST

Advertisem*nt

Katharina is now studying social sciences at Amsterdam University College.

A photo posted by Katharina G. Andresen (@kgandresen)Mar 1, 2016 at 8:39am PST

Advertisem*nt

Meanwhile, Alexandra is still unsure about the future. She said in an interview on Ferd's website: "I feel a great responsibility. In a way I think that I have not made me deserving of this, while I want to help develop Ferd and make it even better. Finding a way to give something back, I think is difficult."

A photo posted by Alexandra (@alexandraandresen)May 17, 2014 at 5:40am PDT

Advertisem*nt

"The fact that my family has resources has given me many opportunities, especially in the riding, because it requires a lot of capital. But it is not enough to have money to succeed," Alexandra added.

A photo posted by Alexandra (@alexandraandresen)Mar 23, 2015 at 6:17am PDT

Advertisem*nt

But in another interview last year with Eurodressage magazine, she said: "This is what I want to do for the rest of my life — ride!"

Always kiss me goodnight...💕

A photo posted by Alexandra (@alexandraandresen) on Feb 16, 2015 at 11:19pm PSTFeb 16, 2015 at 11:19pm PST

Advertisem*nt

Though she's been aware of her wealth from a young age, Alexandra told Ferd's corporate magazine that her parents always taught the sisters to save pocket money and made them drive second-hand cars, according to The Telegraph.

A photo posted by Alexandra (@alexandraandresen)Jan 22, 2013 at 1:36pm PST

Advertisem*nt

Apart from the horse-riding circuit, she lives a relatively low-key life.

A photo posted by Alexandra (@alexandraandresen)Mar 4, 2015 at 3:11am PST

Advertisem*nt

Though she does like the occasional holiday.

A photo posted by Alexandra (@alexandraandresen)Mar 7, 2015 at 2:01am PST

Advertisem*nt

And she also brings her friends to red-carpet events.

A photo posted by Alexandra (@alexandraandresen)Aug 17, 2014 at 1:07pm PDT

Advertisem*nt

Alexandra also has a 24-year-old boyfriend, Joachim Tollefsen, a professional mixed-martial-arts fighter from Norway.

A photo posted by Alexandra (@alexandraandresen)Feb 14, 2016 at 6:02am PST

Advertisem*nt

But the love of her life is her horse riding, which dominates her Instagram account and all her social-media activity.

A photo posted by Alexandra (@alexandraandresen)Nov 8, 2014 at 10:25am PST

FAQs

Who is the youngest billionaire ever? ›

Clemente Del Vecchio

Clemente was at one time the world's youngest billionaire (at the age of 18), but he has since aged out of that title, which is now held by Livia Voigt.

Who is the 19-year-old billionaire Forbes? ›

Meet World's Youngest Billionaire: Livia Voigt

Despite her burgeoning wealth, the young entrepreneur remains focused on her academic pursuits, currently enrolled as a university student, as per reports by Forbes. With a net worth of $1.1 billion, Livia's trajectory into the world of business is undoubtedly noteworthy.

View Details ›

How much is Alexandra Andresen worth? ›

1.5 billion USD (2024)

Alexandra Andresen / Net worth

Discover More Details ›

Who is the youngest self-made billionaire in 2024? ›

While many of the new billionaires inherited their wealth, more than half are self-made. The youngest of them is Japan's Shunsaku Sagami, the founder of Tokyo-based advisory firm M&A Research Institute, which utilizes AI to find buyers for companies. The 33-year-old is worth an estimated $1.9 billion.

Who is the richest 23-year-old? ›

The World's 10 Youngest Billionaires

Makeup mogul Kylie Jenner is No. 1: With $1 billion at 22 years old, she remains the world's youngest self-made billionaire. At No. 2 is 23-year-old Alexandra Andresen, worth $1.1 billion.

View Details ›

Who is Quadrillionaire? ›

Suddenly, Chris Reynolds wasn't just rich – he was quadrillionaire rich, a title previously reserved for sci-fi villains and eccentric tycoons. Reynolds' newfound wealth didn't last too long. Have you ever fantasized about waking up to find your bank account suddenly bursting at the seams with unimaginable riches?

Who is the richest 18 year old ever? ›

Clemente Del Vecchio became a billionaire at the age of 18. The world's top richest people have toiled hard to create wealth. Some of them even used innovative ideas to come up with something extraordinary and became the wealthiest people in the world.

Read On ›

Who is the world's richest 29 year old? ›

When nerdy gamer Sam Bankman-Fried rocketed to fame as the world's richest 29-year-old, he pledged to donate his billions to good causes.

Find Out More ›

Who was the richest person in 11th century? ›

Fifty of the Wealthiest People of the Past 1,000 Years


Basil II (958-1025)	Tenkaminen (11th century)

How did Alexandra Andresen become a billionaire? ›

The daughters of Norwegian industrialist Johan H. Andresen, owner of Ferd AS, transferred ownership stakes of 42.2% to each Katharina and Alexandra, turning her net worth into an estimated $1.5 billion dollars.

Who is the youngest billionaire 9 year old? ›

Muhammed Awal Mustapha, known as Mompha junior, also has a fleet of luxury cars. (Image posted on Instagram by Muhammed Awal Mustapha) A nine-year-old African kid is reportedly the world's youngest billionaire, who travels around the world in his private jet and has several mansions to his name.

Get More Info ›

Who is richest person in 2024? ›

Bernard Arnault, CEO and chairman of luxury goods group LVMH, moved back into the No. 1 richest spot on January 31, 2024, overtaking Elon Musk—and Arnault held onto that rank throughout February and March.

View Details ›

Was Mark Zuckerberg the youngest billionaire? ›

Zuckerberg took the company public in May 2012 with majority shares. In 2008, at age 23, he became the world's youngest self-made billionaire. He has since used his funds to organize multiple philanthropic endeavors, including the establishment of the Chan Zuckerberg Initiative.

View Details ›

At what age did Steve Jobs become a millionaire? ›

“I was worth about over $1 million when I was 23, and over $10 million when I was 24, and over $100 million when I was 25, and it wasn't that important,” Jobs revealed in a 1996 PBS documentary.

See Details ›