Alexandra Andresen, a 19-year-old teenage horse rider has been named as the world’s youngest billionaire with a fortune of $1.2billion (N300Bn).

 

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She debuted on Forbes magazine ‘s 2016 World’s Billionaires list today in 1,475th place, alongside her 20-year-old sister, Katharina.

Alexandra Andresen
Alexandra Andresen

The Norwegian siblings are the heirs to an enormous family fortune built on tobacco – each owning 42.2 percent of a private investment company.

Alexandra, who recently graduated from high school, is one of Norway’s most successful horseback riders, according to Forbes.

 

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Alexandra’s great-great-great grandfather bought J.L. Tiedemanns tobacco factory in 1849, which later became the country’s market-leading cigarette maker.

In 2005, the family sold the company for ethical reasons for a huge $500million. They invested the money wisely in real estate, security and hedge funds, according to The Telegraph.

And in 2007, Alexandra’s father transferred 80 per cent of his shares in his investment firm, Ferd Holdings, to her and her sister.

Katharina, who is the second youngest billionaire on Forbes’s list, is currently a social science freshman at Amsterdam University College in the Netherlands.