The youngest billionaire in the world right now is a teenager in Germany
- The youngest
billionairein the world right now has a German drugstore chain to thank for his fortune.
- That's according to Forbes' annual billionaire ranking, which was released on April 6.
- The teen, 18-year-old Kevin David Lehmann, is worth $3.3 billion and inherited his wealth from his dad.
It's good to be Kevin David Lehmann.
Lehmann, 18, is worth $3.3 billion after inheriting stakes in German drugstore chain dm-drogerie markt from his father, Guenther Lehmann. That's according to Forbes' 35th annual billionaires list, which was released on April 6.Dm-drogerie markt, the source of Lehmann's wealth, is the leading drugstore chain in Germany. It was founded in 1974. According to the company website, it employs over 41,000 people across more than 2,000 stores throughout Germany.
The No. 2 spot among the world's youngest
Forbes' list pulls together information on the world's wealthiest people using stock prices and exchange rates as of March 5 and only considers those individuals whose net worths are higher than $1 billion. According to the list, there are now 2,755 billionaires in the world, more than there have ever been before.Even after the pandemic year of 2020, the world's billionaires are also richer than they've ever been, though estimates of their collective gains vary. Per Forbes, the collective fortunes of the world's billionaires increased by $8 trillion to a whopping $13.1 trillion. Meanwhile, a report from the Institute for Policy Studies found that the world's billionaires added $4 trillion - substantially less than Forbes' estimate - to their wealth from March 18, 2020, to March 18, 2021.
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