Just 19 years young, Alexandra Andresen is the world’s youngest billionaire. Heir to a family fortune built on tobacco, she debuts among the 2016 World’s Billionaires thanks to her stake in investment company Ferd that FORBES values at $1.2 billion.
Fresh out of high school, Alexandra seems to have no rush to be an active owner, and is instead one of the most promising horseback riders in Norway, collecting trophies from competitions across Europe.
Equally wealthy is her sister Katharina, one year Alexandra’s senior. After a spell in a Ferd led project targeting youth unemployment in 2014, Katharina enrolled at Amsterdam University College where she is a freshman studying social science.
The company Ferd, which means “journey” in Norwegian, has roots dating back to 1849, when Alexandra and Katharina’s great-great-great grandfather Johan Henrik Andresen bought J.L. Tiedemanns tobacco factory, starting what was to be the market leading cigarette maker in Norway for over 150 years. The family remained in the tobacco industry until 2005, when it sold its share to Skandinavisk Tobakskompagni for almost $500 million. Today Ferd is a holding company with diverse interests spanning private equity holdings, real estate, security investments and a hedge fund. Today Johan H. Andersen, the sisters’ father and chairman of the board, member of the fifth generation, owns 15.2% but still has 70 percent of the votes and the Twitter handle @FerdOwner through which he spreads his thoughts to some 55,000 followers.
Originally posted on March 1, 2016 @ 08:20 AM on Forbes.com.