Move aside, Kylie Jenner: the youngest billionaire in the world is now officially Kevin David Lehmann – a German teenager who isn’t even on Instagram

Apr 9 , 2021

The world’s youngest billionaire is Kevin David Lehmann, a German teenager who is worth US$3.3 billion. Photo: Pexels

DM Drogerie Markt heir Kevin David Lehmann is now worth an eye-watering US$3.3 billion, according to Forbes’ annual ranking of the world’s youngest billionaires

His predecessor is reality TV star and beauty mogul Kylie Jenner – who has now been controversially knocked out of the three-comma club

It seems like a pretty good time to be Kevin David Lehmann.

The 18-year-old is now worth US$3.3 billion after inheriting stakes in German chemist chain DM Drogerie Markt from his father, Guenther Lehmann. That’s according to Forbes’ 35th “Annual World’s Billionaires List”, which was released on April 6.

The world’s billionaires in 2021. Photo: @Forbes/Twitter

DM Drogerie Markt, the source of Lehmann’s wealth, is the leading chemist chain in Germany and was founded in 1974. According to the company website, it employs more than 41,000 people across more than 2,000 branches throughout Germany.

According to Forbes, neither Lehmann nor his father is actively involved in the company, and little is known about them. Lehmann could not immediately be reached for comment for this story.

Kevin David Lehmann inherited 50 per cent of his father’s stake in German chemist DM Drogerie Markt. Photo: Getty

The No 2 spot among the world’s youngest billionaires in 2021 is held by 24-year-old Wang Zelong of China, who is worth US$1.5 billion. The No 3 and 4 spots are held by Norwegian sisters Alexandra and Katharina Andresen, who are 24 and 25 years old respectively and each worth US$1.4 billion. They both own part of their family company, Ferd, a multibillion-dollar investment firm.

The low profile of the current youngest billionaire in the world – who has no discernible presence on any major social platform – stands in stark contrast to the previous title-holder. In the 2020 edition of Forbes’ billionaire ranking, the No 1 spot was held by reality TV star and fashion mogul Kylie Jenner. While 23-year-old Jenner has fallen off Forbes’ 2021 billionaire ranking altogether, she was – controversially – named the world’s youngest self-made billionaire in 2019 at the age of 21.