Photo: Josh Hild

Who is the youngest billionaire in the world?

Synopsis. Kim Jung-youn, daughter of Nexon-founder Kim Jung-ju, becomes the world's youngest billionaire thanks to her inheritance from her late father. Kim Jung-youn is the world's youngest billionaire, according to reports.

m.economictimes.com - Worlds youngest billionaire: Korean gaming pioneer Kim Jung-ju's ...

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Agencies

Who is Kim Jung-youn? Jung-youn is the daughter of Nexon-founder Kim Jung-ju. He passed away in February, aged 54, and left a stake in his personal holding company, NXC, to his daughters. Jung-ju was a very private person. 18-year-old Kim Jung-youn, 18 years old is the current youngest billionaire. How much did she inherit? The sisters already had shares in the company. With the addition of their inherited shares, the value of each of their stakes in the company is now $2.5 billion each. Since South Korea levies huge inheritance taxes, the tax on the inheritance is over $1.5 billion each. This leaves the sisters with a network estimated to be worth $1 billion each.

Did her mother receive an inheritance? Kim’s mother,

Ratan Tata most followed Indian billionaire. Check out others on the list

Autoplay Autoplay 1 of 11 Who are the most followed Indian billionaires on social media? Topping the chart Ratan Tata has the highest number of followers, amongst others, in the IIFL Wealth Hurun India Rich List 2022, with 118 lakh Twitter followers. His Twitter following rose by 18 lakhs in a year. Anand Mahindra Chairperson of M&M Anand Mahindra is the second most followed, with 97 lakh Twitter followers. Acharya Balkrishna Patanjali group chairman Acharya Balkrishna is third on the list, with 65 lakh Twitter followers. Sundar Pichai Google head Sundar Pichai stands in the fourth spot, with 46 lakh Twitter followers.

Who was the previous youngest billionaire? Jung-youn dethroned

What do we know about Jung-ju and his company?

Little is known about Jung-ju as he avoided the media. His company, Nexon, has its headquarters in Tokyo. NXC was founded in Kim Jung-youn is the world's youngest billionaire, according to reports. While both Kim and her elder sister Jung-min inherited equal shares of a 30.78 per cent stake each in NXC , the teenager has now become the world’s youngest billionaire. Kim Jung-youn is the daughter of Nexon-founder Kim Jung-ju. He passed away in February, aged 54, and left a stake in his personal holding company, NXC, to his daughters. Jung-ju was a very private person. 18-year-old Kim Jung-youn, 18 years old is the current youngest billionaire.The sisters already had shares in the company. With the addition of their inherited shares, the value of each of their stakes in the company is now $2.5 billion each. Since South Korea levies huge inheritance taxes, the tax on the inheritance is over $1.5 billion each. This leaves the sisters with a network estimated to be worth $1 billion each.Kim’s mother, Yoo Jung-hyun, 53, was a billionaire before her husband’s death. She inherited a stake of 4.57 per cent after his passing. She helped her husband found Nexon in 1994 and is still the largest shareholder in NXC as she holds a 34 per cent stake. Yoo found a place among the 50 Richest in Korea this year with a net worth of $3 billion.Jung-youn dethroned Kevin David Lehmann of Germany, the previous youngest billionaire. Kevin turned 20 this month and became a billionaire through his father, Guenther Lehmann, who made his son a billionaire at 18. This was through a stake transfer in the German drugstore chain Drogerie Markt to Kevin when he was 14. His father put the stake in trusteeship until his son turned 18 in 2020.Little is known about Jung-ju as he avoided the media. His company, Nexon, has its headquarters in Tokyo. NXC was founded in Jeju , which is a South Korean resort island. Jung-ju withdrew from the daily management of his company in 2006 to focus on other investments and philanthropic activities. He was on the 15 Heroes of Philanthropy list released by Forbes Asia last year because of his generosity to children’s hospitals. He was the third richest person in the country before his death, with a net worth of $10.9 billion. Disclaimer Statement: This content is authored by an external agency. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.

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