The youngest billionaires in the world are Norwegian sisters worth nearly $1.5 billion each who love horses, high fashion, and exotic travel

By Matthew Michaels From Business Insider

The world’s youngest billionaires are Alexandra and Katharina Andresen, Norwegian sisters who own part of an old family company, Ferd.
The Andresen sisters are just 21 and 22 years old, but they’re each worth nearly $1.5 billion.
Alexandra is an accomplished equestrian rider and Katharina is college student and an intern at Ernst & Young.
Being young is a great gift. Being young and a billionaire is extraordinary.

Just ask the Andresen sisters, Alexandra and Katharina, the youngest billionaires in the world. According to Forbes, they received their fortune in 2007 when their father, Johan Andresen, transferred ownership of the family’s investment company, Ferd, to them. They each have a 42% stake in the company, which dates back to 1849, according to MONEY.

Even though they inherited their wealth in 2007, they were only recently confirmed as the world’s youngest billionaires because the Norwegian government publishes the tax returns of people over 17.

Alexandra, 21, and Katharina, 22, are now each worth $1.47 billion. But despite the sisters’ affluent upbringing in one of the best-known Norwegian families, they aren’t just any rich kids. Alexandra and Katharina go to school, have internships, spend time with friends, get in trouble, and have fun hobbies.

Take a look at the lives of the two youngest billionaires:

Even though they are only a year apart, the sisters don’t seem very close. They post more pictures of their friends than of each other and have different interests.

Alexandra is a high-level equestrian with no immediate plans to work at Ferd.

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, he told Norwegian newspaper Aftenposten in 2015.

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“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,” Alexandra said in an interview on Ferd’s website.

“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.

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

She is sponsored by Kingsland and Samshield, equipment and helmet companies for horseback riders.

Alexandra is even a winning member of Norway’s national equestrian team.

Alexandra has been dating Joachim Tollefsen, who is five years her senior.

Tollefsen is a professional MMA fighter with a career record of four wins and two losses.

Alexandra announced her engagement to Tollefsen in a New Year’s Day post.

Alexandra’s Instagram account shows many of her vacations, including a 2016 trip to India.

She even showed off her zip-lining skills in India.

Alexandra recently announced she was moving to Florida, and based on her Instagram, she loves living in the Sunshine State.

Katharina is interning three days a week at accounting firm Ernst & Young while studying social sciences at Amsterdam University College.

Katharina was fined for drunk driving last year when she was pulled over in her Audi Q3 near a ski resort. Norway has strict DUI laws and fines drivers based on their financial situation.

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Katharina’s fine was about $32,000. She was also banned from driving for 13 months due to the incident.

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Katharina used to date Danish actor and model Mads Madsen. She is now dating an entrepreneur.

Katharina has posted photos of the couple on vacation all over the world. She and her partner have been seen in Italy, New York, the Galapagos Islands, and most recently, Belize.

Katharina is into fashion as she often posts images of her in designer clothes and carrying luxury hand bags.

Katharina posted from a hospital bed in November after going in for emergency appendicitis surgery.

She has compared her archery skills to her father’s, hinting that shooting arrows is a hobby of his.

Skiing is a family hobby, not surprising given that the sport is so popular in Norway.

Like her sister, Katharina also rode horses when she was younger but has given up equestrian.

Aside from a leisurely horse ride and watching her sister compete, Katharina’s competitive horse riding days are over.

For more on this story go to: https://www.businessinsider.com/worlds-youngest-billionaires-2018-3