He became a billionaire at the age of 14! Everyone is wondering about him


Forbes, the economy and finance magazine published in the USA, published the list of billionaires this year as it has been for 34 years. It was not surprising to have Amazon CEO Jeff Bezos at the top, but many surprising names appeared in the depths of the list.

One of them is Kevin David Lehmann, who is in 925th on the list. Lehmann, who is currently the youngest member of the list of 2 thousand 755 people with a net worth of at least $ 1 billion as of March 5, aroused quite a lot.

18-year-old Lehmann owns 50 percent of the dm-drogerie markt chain of stores across Germany. Apart from that, not much is known about him.

Dm-drogerie markt is one of the leading pharmaceutical chains in Germany and even Europe. According to the website of dm-drogerie markt, founded by Götz Werner in 1973, it has more than 2 thousand stores and 41 thousand employees across the country. Apart from Germany, there are hundreds of dm-drogerie markt stores in 12 different countries such as Austria, Hungary, Slovenia, Croatia, Italy and Bulgaria.

THE FATHER WERE NOT IN HAZARD

Günther Lehmann became a partner of dm-drogerie markt in 1974, shortly after its establishment. At that time, Wener had just opened the second store. Lehmann was a partner of the Pfannkuch supermarket chain in the state of Baden at that time.

Günther Lehmann, who has been a partner of dm-drogerie markt for nearly 40 years, has always preferred to stay behind the scenes as an investor and has never played a role in the daily operation.

According to a report of the German Wirtschafts Woche magazine dated August 2017, in May 2017 he quietly transferred his shares to his son Kevin David Lehmann.

The details of Günther Lehmann, who was 76 years old at that time, were worth $ 2.8 billion according to Forbes, and the most important part of this was dm-drogerie markt shares.

14-YEAR-OLD BILLION

After this development was heard, some German newspapers made news such as “He Became a Billionaire at 14”, but neither an interview nor a photo of Kevin David Lehmann was published due to his young age and due to his privacy.

Focus magazine reported that Lehmann was 14 years old at the time of the share transfer, and the assets were managed by a proxy for four years.

The current value of Lehmann, who gained control of his wealth when he turned 18 on September 20 last year, is estimated at $ 3.3 billion.

According to Forbes, Kevin David Lehmann, like his father, is not too interested in the business of the company. Unlike many of his peers (and other young billionaires on the list), Lehmann doesn’t have an account on social media platforms either.

OTHER YOUNG BILLIONS

Chinese Wang Zelong ranks second after Lehmann on Forbes’ list of young billionaires. The 24-year-old Wang is worth $ 1.5 billion. The third and fourth rows belong to Norwegian sisters Alexandra and Katharina Andresen. Siblings aged 24 and 25 are worth $ 1.4 billion per person. The andresen brothers are partners of Ferd, a billionaire investment firm.

Kylie Jenner, the leader of Forbes’ youngest billionaires list for the past two years, lost this title. Jenner, now 23, was declared the youngest billionaire at the age of 21 in 2019. However, Jenner and 61 others, who were on the list last year, are not included in Forbes’ billionaire rankings this year.

AFTER SCANDAL KYLIE JENNER NOT IN THE LIST

The main source of Jenner’s fortune is Kylie Cosmetics, which bears her name. He hoped that the value of this company was $ 1.2 billion as of January 2020. Jenner sold 51 percent of her shares in the company to Coty Brands for $ 600 million last year.

However, a news published by Forbes in May 2020, shortly after this sale, shocked everyone. Kylie Jenner’s company was much smaller than advertised in size, and its profits were much lower.

The magazine accused Kylie Jenner and her mother and manager Kris Jenner of inflating their fortunes and deceiving the media and the cosmetics industry, following a review of documents that Coty, a public company, shared with the public for 6 months.

“In light of this new information and considering the impact of Covid-19 on beauty shares and consumer spending, Forbes thinks Kylie Jenner is not a billionaire,” the report said.

According to Forbes, Kylie’s fortune was “just under $ 900 million.”

ABLASI BECAME MILLYARDER

However, another member of the Kardashian-Jenner clan made his name on the Forbes list. He was Kim Kardashian West, the eldest of the sisters. It is stated that 40-year-old Kardashian West’s wealth from clothing and cosmetics industries and television, combined with his investments, exceeds $ 1 billion.

However, Forbes did not neglect to reserve a special place for Kylie Jenner in its article about the excluded from the 2021 list. Considering the factors mentioned above, Kylie Jenner’s current asset is $ 700 million, stating, “So do not be surprised if you see that it re-enters the list in the coming years.”

WHITNEY WOLFE HERD IN A NEW MILLYARDER

Hundreds of new billionaires emerged from the pandemic era. One of them was Whitney Wolfe Herd.

31-year-old technology entrepreneur Whitney Wolfe Herd owes her fortune to dating and matchmaking app Bumble.

The 31-year-old entrepreneur, co-founder of Bumble, owned a fortune of $ 1.3 billion (approximately 10.5 billion TL) with a 12 percent stake in the company.

Herd came to the fore with the allegation that a manager, who was her ex-boyfriend, did not use sexual discrimination and abuse.

Underlining that the reason behind her firing was her voice raising, the female entrepreneur took this issue to court and ultimately agreed.

Herd later founded Bumble with Russian billionaire Andrew Andreyev.

Of the roughly 500 new billionaires that entered the list this year, 210 have come out of China and Hong Kong.