The UAE business administrators of Forbes were busy all the week discussing the wealth of Bill Gates and Warren Buffett, but there was one name that quietly made debut on the rich list.
Alexandra Andresen, 19-year-old is the world’s youngest billionaire and she’s worth $1.2 billion. Equally rich her sister, Katharina, who just an year elder to her.
The sisters each own 42.2 per cent of the private company Ferd. Their father transferred the stock to his daughters in 2007, but still maintains control of the company.
Andresen is the daughter of Johan Andresen, a Norwegian investor from Oslo.
