Who is the youngest billionaire in the world?

Who is the youngest billionaire in the world?
Who is the youngest billionaire in the world?

The American magazine “Forbes” revealed that the teenage daughter of the founder of the South Korean video game company Nixon, Kim Jong Joo, has become the world’s youngest billionaire.

Forbes reported that Kim Jong Yun, the daughter of Kim Jong Joo, who died last February at the age of 54, is the youngest billionaire in the world, after she inherited a stake in the online gaming giant, noting that Jong Yun and her older sister, Jung Min. , and they equally inherited 30.78% each of the share of NXC, their father’s personal holding company.

South Korea-based NXC is the largest shareholder in Japan-listed Nexon, with a stake of approximately 48%.

Combined with the sisters’ existing shares in NXC, their stakes in the company are worth $2.5 billion each. After deducting their “inheritance tax”, which Forbes calculates at more than $1.5 billion each (South Korea has one of the highest inheritance taxes in the world), Jung Eun and Jung Min are estimated to have $1 billion each.

Forbes noted that Kim Jong Joo’s wife, Yoo Jong Hyun, who is already a billionaire, inherited 4.57% of NXC from her husband.

Yoo, 53, and her late husband, Jung Jo, helped found Nexon in 1994 and is still the largest shareholder in NXC with a 34% stake. She first appeared in the list of the 50 richest people in South Korea this year with a net worth of $3 billion.

Not much is known about Jung Jo’s family, but Jung Yoon and her older sister, Jung Min, were born in 2004 and 2002 respectively. At the age of eighteen, Jong Yeon became the youngest billionaire currently in the world.

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