Professional teenage horse rider Alexandra Andresen, pictured, who has been named the world youngest billionaire by Forbes magazine
Horse riding teen now the world's youngest billionaire. Makes Forbes list of world's richest people
World's youngest billionaire after amassing a $1.2billion fortune at the age of just 19
... Now that's a sweet life.
Horse riding teen now the world's youngest billionaire. Makes Forbes list of world's richest people
World's youngest billionaire after amassing a $1.2billion fortune at the age of just 19
... Now that's a sweet life.
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
The 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.
Miss Andresen poses in traditional Norwegian dress. Her family had made a fortune in the tobacco industry and her great, great, great grandfather founded Norway's biggest cigarette producer
Miss Andresen 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 shares in the company Ferd Holdings to Miss Andresen and her sister.
Despite coming from Norway, Miss Andresen now lives in Germany where she is pursuing a career as a horse rider
Miss Andresen made the list this year for the first time as she is now over 17 and is required to publish her tax return, meaning her personal fortunes was made public
The world's youngest billionaire poses while on a trip to Iceland, left, and in her horse riding kit, right
Miss Anderesen's boyfriend is said to be Joachim Tollefsen, 24, centre, a professional mixed martial arts fighter, also from Norway
The sisters made the list this year for the first time as they both now are above 17 and are required to publish their tax returns, meaning their personal fortunes were made public.
But despite her incredible personal wealth, Miss Andresen appears to be more at home with her horses and lives in Germany where she rides professionally.
She has won several accolades on her horse Belamour at the European Junior Riders Championships.
Her boyfriend is said to be Joachim Tollefsen, 24, a professional mixed martial arts fighter, also from Norway.
In an interview on her company website, she talked about her family wealth but said it was not enough to just have money to succeed.
Miss Andresen's sister Katharina, who has had her father's share in Ferd Holdings transferred to her
After completing a short internship at Ferd Holdings, Katharina is now studying at a university in Amsterdam
She said: '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.'
Her father Johan F. Andresen gave 80 per cent of his shares in the company Ferd Holdings to Miss Andresen and her sister in 2007
As well as Miss Andresen and her sister making the list, the third youngest billionaire is Gustav Magnar Witzoe, 22, another Norwegian.
It is believed that in Scandinavian culture family fortunes are often passed down to younger generations earlier to engage them in family business.
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