Friday, June 2, 2023

Heiress: He turned 18 and is the youngest billionaire in the world

A few notes from David Lehmann about Kevin. He is 18 years old and is known to be the son of a little boy named Guenther Lehmann. Some people think that he lives in Germany, but that is not something that can be guaranteed. Photos or social networks? in a few Job? No one. Public appearances? Undergraduate studies. Even so, Kevin is the world’s youngest billionaire and tops the list of the world’s richest people under 30. And all thanks for the gift of his father, a great business visionary who inherited half of the estate during his lifetime.

With almost no known information, Kevin David Lehmann has become a star for his fortune of 3,300 million dollars, which he had since last September and which he received only for the conversion of 18.

When he came of age, the young man received 50% of the shares of the German drugstore chain Market Drogerie (DM) and, if he wanted, he could spend his whole life without a moment.

How did he achieve such a fortune? Hidden in its history is a family with a big business nose and a spectacular ability to remain anonymous.

Right investment

It was the year 1973 when Götz Werner, head of the Werner family, decided to open the first DM pharmacy in Karlsruhe, a city of over 300,000 inhabitants in western Germany between Stuttgart and the French border.

A year later, a local businessman running his family business — Pfannkuch supermarkets, founded in the late 19th century, joined Werner, investing significant money in pharmacies. It did not require executive involvement or DM changes. Who was this local businessman? Guenther Lehmann is the father of Kevin David.

From there everything went up. DM drugs spread in Karlsruhe and later throughout Germany. In fact, it is likely that some tourist will visit that country for some DM.

Business was so good that Guenther Lehmann had the luxury of getting rid of his beloved Pfannkuch supermarkets, which he sold to the Spara chain in 1998. Between the sale and the investment, Lehmann became cashier and his fortune began to rise.

According to Forbes, David’s father, Kevin, already after the donation of about 3, 200 million dollars and 616, brings down the fortune on the planet.

DM pharmacies are now spread across Germany and 12 other countries

Germany’s iconic DM pharmacy

Drogerie Markt pharmacies have been one of the most famous pharmacies in the country for 20 years, according to German reviews. According to their figures, they combine more than 12600 million dollars a year. In its more than 2,000 stores, around 12,500 different products are sold to more than 1.7 million customers every day.

Besides the country, there are 12 others, mainly Austria (with almost 400 troops), Hungary, the Czech Republic, Slovakia and Croatia. In total, 62,600 workers in more than 3,700 stores, in addition to another 3,100 in distribution centers.

Four years ago, Guenther Lehmann decided to give half of Kevin’s fortune to his son, David, when he came of age. Kevin, like Guenther’s father, does not work at DM.

Other young people with ten fortune figures

Four other under-30s also have ten-figure fortunes to thank for their parents, according to Forbes:

  • Gustav Magnar Witzoe: He is the heir to one of the largest salmon farming operations in the world. At 28, his fortune is $2.8 billion.
  • Wang Zelong: At 25, he inherited stakes in two Chinese chemical companies. His fortune is 1,500 million
  • Alexandra and Katharina Andresen: Norwegian sisters, aged 25 and 26 respectively, each inherit 42% of Ferd, a Norwegian-based company with private equity holdings, a real estate portfolio and a presence in the Nordic region. His fortune is 1.3 billion dollars

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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