#Open journalism No news is bad news

Your contributions will help us continue to deliver the stories that are important to you

Support The Journal
Dublin: 18°C Monday 18 October 2021

Meet the youngest billionaire in the world

Alexandra Andresen does ok for herself.

Alexandra Andresen
Alexandra Andresen
Image: Alexandra Andresen/Instagram

ALEXANDRA ANDRESEN IS the youngest billionaire in the world.

Forbes revealed in its 2016 ranking of the richest people on earth that the Norwegian heiress, 19, is now worth $1.2 billion (€1.1 billion). 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 in the company to her sister, Katharina, who at 20 is the second-youngest billionaire in the world. She’s also worth $1.2 billion (€1.1 billion).

Alexandra was only recently confirmed as the world’s youngest billionaire because the Norwegian government publishes the tax returns of people over 17.

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

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:

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

#nature #lake #autumn #morning #frost #fog #blue

A post shared by Alexandra (@alexandraandresen) on

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

billionaire - 2

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.

billionaire - 3

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

#my #mom #old #picture #beautiful

A photo posted by Alexandra (@alexandraandresen) on

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

Old times @kgandresen 😊

A photo posted by Alexandra (@alexandraandresen) on

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.

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

A photo posted by Alexandra (@alexandraandresen) on

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.

My mothers lippizaner, Mio, and me😄 Taken in 2006 or something!

A photo posted by Alexandra (@alexandraandresen) on

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.

The Ferd owners💪🏻 Photo by: Frédéric Boudin

A photo posted by Alexandra (@alexandraandresen) on

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


A photo posted by Alexandra (@alexandraandresen) on

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

AEG galla 2014. Best achievement of the year.

A post shared by Alexandra (@alexandraandresen) on

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

Kingsland Dressage Summer Collection 2014 Photo by Jannick Børlum @kingslandequestrian

A photo posted by Alexandra (@alexandraandresen) on


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.

Who wants to see more videos of my horses?

A photo posted by Alexandra (@alexandraandresen) on

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.

Throw it at me brah

A post shared by Katharina G. Andresen (@kgandresen) on

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.

Shallow waters are noisy; deep waters are silent...

A post shared by Alexandra (@alexandraandresen) on

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 post shared by Alexandra (@alexandraandresen) on

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.

#sister #me #old #photo #missthis #autum #leafs #pink #blue #nature #beautiful #natural #children #norway

A post shared by Alexandra (@alexandraandresen) on

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

The best 3 years of my life💕

A post shared by Alexandra (@alexandraandresen) on

Though she does like the occasional holiday.

Wouldn't mind being back in Greece right now☔️❄️🌀 #wisheverydaywassummer

A post shared by Alexandra (@alexandraandresen) on

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

My girls😘

A post shared by Alexandra (@alexandraandresen) on

She’s close to her mother, who shares her love of horse riding.

mami, morris and me

A post shared by Alexandra (@alexandraandresen) on

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

Happy Valentinesday❤️

A post shared by Alexandra (@alexandraandresen) on

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


A post shared by Alexandra (@alexandraandresen) on

Read: ‘He and Labour lost the election’ – Michael Healy-Rae confirms meeting Enda Kenny

Published with permission from:

Business Insider
Business Insider is a business site with strong financial, media and tech focus.

Read next: