The Story of the World’s Youngest Billionaire

Kevin Lehmann (@KevinLehmannBHR) | Twitter

With a net worth of $182 billion, Amazon founder Jeff Bezos is currently the richest person in the world. However, he did not reach billionaire status until 1997 when he was 33 years old. Drugstore chain owner Kevin David Lehmann, however, was only 18 years old when he was labelled the youngest billionaire in the world, currently inheriting $3.3 billion. According to the Forbes annual Billionaire list, Lehmann “had inherited stakes in German drug store chain Dm-Drogerie markt from his father Guenther Lehmann”.

Dm-Drogerie Markt, founded in 1974, remains to be the leading German drug store chain. It employs over 41,000 people across more than 2,000 chains. Though neither Lehmann nor his father are involved in the company, only being the founders, and little is known about them in general only than raising shares and stakes in the company. Still, Lehmann has taken fashion model Kylie Jenner’s spot in Forbes magazine as the youngest billionaire.

In 2015, Lehmann had expanded the drug store’s horizons by offering other products such as snacks, fashion items, and even cleaning supplies. In 2018, Lehmann had given CEO Christopher Werner the rights to the company, but are still making shares in their business. The variety of supplies offered as well as the convenient nature of Dm-Drogerie Markt has only increased revenue for the company. “Consider this store the ‘McDonalds of Germany'”, says one anonymous German shopper.

Even during the pandemic, billionaires are as rich as they have always been, and their success only continues rising. Through the use of stock prices and exchange rates, Forbes has deduced that there are currently 2,755 billionaires in the world with Kevin David Lehmann being the youngest. With such a wealthy, healthy life ahead of him, it is always a good day to be Lehmann.

TREMG news

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