There's a reason why only 0.00003% of the world population hits billionaire’s status.
There's a reason why only 0.00003% of the world population hits billionaire’s status. Crucial factors like education, infrastructure, access to capital, desire, IQ, EQ, and even luck all play a significant role.
Not surprisingly, the shortlist of Forbes' youngest billionaires includes savvy technology startups and young heirs to massive inheritances. Here are the wealthiest women that have made empires from their fortunes.
Kylie Jenner has proven how powerful a social media following truly is. Her company, Kylie Cosmetics, is now worth $1.2 billion. Forbes named her the youngest self-made billionaire, breaking the record of Facebook's founder Mark Zuckerberg. Kylie's beauty empire has been able to dominate the fast beauty market. Since its creation, the company has sold over 700 million dollars worth of makeup. Meanwhile, Kylie's Instagram followers have grown to 222 million, making her one of the most followed users on the platform. She has amazed the world with her tremendous success at just 23 years old.
Katharina and Alexandra Andresen
Alexandra Andresen & Katharina Andresen are world's top youngest billionaires, according to @Forbes. The two are females from Norway; one is 21 yrs old & another one is 23 yrs old.
Their net worth is estimated to be around $1.4 billion each.
What are we doing with our life?😢 pic.twitter.com/CvZrtzYPsy
— Julius Bizimungu🇷🇼 (@Julio_Bizimungu) July 30, 2018
Before reaching adolescence, Alexandra and her sister Katharina became millionaires. Their father gave 42.2% of the family company to each of them in 2007. In 1849, six generations before Alexandra, the entrepreneur Johan Henrik Andresen became a creditor of the well-known Tiedemanns tobacco factory. Thus, for almost a century, the Andresen family became one of the wealthiest clans in Europe and invested their money in the Ferd business group. A holding company dedicated to the manufacture of ski equipment and the real estate industry, among others, and whose majority owners are Alexandra and Katharina Andresen. Each sister has a net worth of 1.1 billion.
— Margit Bizwal (@bizwal) February 7, 2019
At only 28 years old, Elisabeth Furtwängler is a billionaire in her own right. She inherited a staggering 37.4% stake of her father's giant media corporation Hubert Burda Media, bringing her a net worth to an impressive 1.2 billion. The Furtwängler media empire is so famous that it even runs the German editions of international titles such as Playboy and Elle Magazine. According to Forbes, "Furtwängler and her brother Jacob serve on the board of directors."
Lisa is the co-CEO of Fritz Dräxlmaier GmbH, a company that specializes in making auto parts. At only 29 years old, she has a net worth of 1 billion. The company's LinkedIn profile assures that "the Dräxlmaier Group is one of the top 100 automobile suppliers in the world and operates at more than 65 sites in over 20 countries. Founded in Germany in 1958, it now employs around 75,000 people worldwide. In 2020, our company reached sales of 4.2 billion Euros." Lisa is in charge of mark the character of premium automobiles worldwide.
Whether it's an inheritance or if it's the result of hard work and innovation, the world economy has never been better suited for the youngest female billionaires. Despite coming from wealthy families, they went further and decided to make true their dreams and projects. This list can for sure inspire other future billionaires looking forward to making history.