At 19-years-old, Norwegian heiress Alexandra Andresen was named the youngest billionaire in the world on Forbes’ 2016 Richest List. She inherited 42.2 percent of the fortune from her father, Jonah H. Andresen, who made his money as the leading cigarette maker in the tobacco industry. The company — J.L. Tidemanns tobacco factory — was bought by Alexandra’s great-great-great grandfather in 1849. Her father sold it for $500 million in 2005 and put his earnings into property and hedge finds. In 2007, Alexandra — pictured above training her horses — and her sister, Katharina Andresen, each received a 40% stake in Ferd Holdings, an investment company.
According to the Daily News, “analysts suspect that the inheritance was passed down so early for tax purposes and to position the children to join the family business.” Being over 17, Alexandra was required to publish her tax return, allowing her fortune to be made public.
Despite her riches, Alexandra still tries to maintain a relatively normal lifestyle, even telling Ferd’s site that it’s “not enough to just have money to succeed.”
Here’s what you need to know:
1. She’s Tied on the 2016 Forbes Richest List With Her Sister
Although Alexandra is the youngest billionaire on the list, she is tied with her sister, Katharina, who also has 42.2-percent stake in Ferd. Katharina is a student at Amsterdam University College in the Netherlands.
College aside, Katharina chooses to spend her time giving back.
“I choose not to work, not to do some things, but I will take part in the community and look forward to it,” she told Telegraph.
Gustav Magnar Witzoe, 22, is the third youngest billionaire on the list. He’s also Norwegian.
“Their fortune is all inherited, but it is remarkable that the three youngest billionaires on the list are all Norwegian,” Kerry Dolan, Forbes’ assistant managing editor told the Telegraph.
2. She Still Lives A Low-Key Lifestyle Despite Her Riches
Although Alexandra indeed has the funds to buy any car she desires, her father still “insists she buys cars secondhand,” according to Daily News.
“Dad has a rule that we can buy a nice car, but it must be second hand,” she tole
In 2015, Alexandra — who drives a used Audi — spoke to Ferd’s corporate magazine about her spending habits, which don’t involve any unnecessary spending.
“I actually save all the time, I have always done. I save when I get my weekly allowance, and I save the cash prizes I win in competitions or if I get money as a gift on my birthday. It means I can buy myself things I really want, like a bag or a pair of shoes, without having to ask mum or dad for money.”
While Alexandra tries to maintain a low-key lifestyle, she still faces the inevitable that come with the Andresen name.
“There are a lot of pros and cons of being in the family I have. There is a lot of pressure and awkard questions. Our name is so associated with money that is always the subject of questions.”
3. Her Boyfriend Is a Cage Fighter
Andresen’s boyfriend Joachim Tollefsen — also lives in Germany and is from Norway — is a professional mixed martial arts fighter. According to his Sherdog statsheet, the lightweight fighter’s record is 2-1 with two knockouts. He trains with the Frontline Academy in Norway.
“I appreciate the experience. He was tough. He was a really tough. It’s nothing to say. The only thing that’ll happen now is I’ll go back to training. Next fight, I’m going to be 100-percent ready.”
4. She’s a Professional Dressage Competitor in Germany
Since September 2015, Andresen has been living in Germany as a dressage competitor. She is sponsored by Kingsland and competes at the international level. Andresen won medals in the European Young Riders’ Championships in 2013 and 2014. She — along with her stallion Belamour — also nabbed a bronze in Compiegne, France and a silver medal in Arezzo, Italy in 2013 and 2014, respectively. The young billionaire got her passion for horses from her mother, Kristin. At just 3-years-old, she was riding tiny Shetland ponies.
“This is what I want to do for the rest of my life – ride!”
5. She Has a Net Worth of $1.2 Billion
According to Forbes, Andresen has an estimated net worth of $1.2 billion. Alexandra and Katharina have 42 percent stakes in Ferd, an active investor on the Nordic Stock Exchange and private equities. Neither sister have any involvement in its business affairs yet. Johan still controls it.