Alexandra Andresen Net Worth & Biography

Alexandra Andresen Net Worth & Biography

Just 25 years of age, Ms. Alexandra Andresen is one of the world’s youngest billionaires. Heir to a family wealth built on tobacco, she debuted among the 2016 World’s Billionaires and was the youngest billionaire in the world that year at the age of 20. Her status has been earned courtesy of her stake in the investment company Ferd that Forbes magazine values at $1.2 billion.

The Norwegian heiress who became the world’s youngest billionaire back in 2016 when she was just over 19 years of age held the position of the youngest billionaire in the world according to Forbes for four consecutive years until she moved to second place in 2020 with an estimated wealth of $1.1 billion.

Let’s take you through the life and career of Ms. Andresen, including all the important details about her career, fortune, personal life, and many more.

Early Life: Childhood, Education

Alexandra Gamlemshaug Andresen was born in Norway on 23 July 1996. Her father is the reputed Norwegian industrialist Johan H. Andresen Jr., a multibillionaire who owns Ferd AS, and in 2007, equally split 84.4 percent ownership stakes to Alexandra and her sister Katharina, although he insists that he will not force his children to take part in the family business if they do not wish to be a part of it.

Ms. Andresen is the great-granddaughter of Johan H. Andresen. She is a great-great-granddaughter of Johan Henrik Andresen and his wife Anton Klaveness, and a great-great-great-granddaughter of Nicolai Andresen. Johan Henrik was the younger brother of Nicolay August Andresen and an uncle to Nils August Andresen Butenschøn.

After a spell in a Ferd-sponsored project targeting unemployment in 2014, Alex enrolled at Amsterdam University College from which she graduated with a bachelor’s degree in social science.

Professional Life: Entrepreneurial Career

Her family’s business aside for a moment, Alexandra Andresen is one of the most recognized horseback riders in Norway. She has enjoyed a horse riding career since her teenage years and has collected several trophies from competitions across Europe.

Equally wealthy is her elder sister Katharina Andresen. The siblings each own 42.2 percent of the private company Ferd and have had their shares since 2016 when their father, Johan H. Andresen Jr., equally shared 84.4 percent of the company between his two young and naive daughters. Despite their paper wealth, the girls have been able to live a quiet life in relative normalness in Norway until recently when the status of their finances brought them unwanted fame and notice from the media.

The Norwegian company Ferd, has roots dating back to 1849, when the great-great-great-grandfather of Alexandra and Katharina, Mr. Johan Henrik Andresen Sr., bought J.L. Tiedemanns tobacco factory and started what eventually went on to become the market-leading cigarette producer in Norway for more than 150 years. The family remained in the tobacco business until 2005 when it sold all of its shares to Skandinavisk Tobakskompagni for an estimated $500 million. Today, Ferd is an umbrella company with diverse interests spanning the hedge fund, private equity holdings, security investments, and real estate. Today Johan H. Andresen who is the father of Alexandra Andresen and her sisters Kathrine, and a fifth-generation family member, is the chairman of the board and owns 15.2 percent of the Ferd company but still has 70 percent of the votes.

Achievements: Awards & Honors

Ms. Andresen has won many awards and honors in horse dressage competitions around Europe.

She has even modeled many times for the popular equestrian clothing company KingsLand.

Personal Life: Relationships, Private Interests

The billionaire heiress has very little interest in businesses or the dealings of her family’s company. Her major interest lies with horse riding for which she has a real passion, and has managed a career as a professional horse rider who has participated in several riding competitions.

Andresen is currently 25 years old and has neither married nor has any children. However, she has been romantically connected to MMA fighter Joachim Tollefsen, with whom she has been in a relationship for at least 2 years.

Alexandra Andresen Net Worth: Salary, Income Sources, Shares, Investments

This article featured Norwegian heiress Alexandra Andresen whose net worth is currently estimated at $1.2 billion. She was born in Oslo, Norway in July 1996 and was also brought up in the beautiful Norwegian capital. In 2016 Alexandra became the youngest billionaire in the world after her father, a Norwegian business tycoon and owner of the tobacco company Ferd AS Johan Andresen, transferred 42.2% of the company to her and her sister Katharina. Besides her slight involvement in her family’s business, Alexandra, who graduated with a social science degree from Amsterdam University College has enjoyed a full-time career as a dressage rider who has won many awards and competitions in many countries in Europe. In addition to all the above, she adds more money to her pocket by working as a model, particularly for the equestrian clothing brand KingsLand.