Kevin David Lehmann is the youngest billionaire. At the age of 18 years, Kevin David Lehmann has a $3 billion fortune, making him the youngest billionaire in the world. Günter Lehmann, his father, runs the Drogerie Markt chain of pharmacies in Germany. His father granted him a 50 percent share of the company when he was just 14 years old. However, into escrow until September 2020, when he would be of legal age.
Who Is Kevin David Lehmann?
Only Kevin David Lehmann became a billionaire at such a young age. His father gave him a 50 percent share of a German pharmacy chain called Drogerie market or DM when he was only 14. No one in his family has ever worked for the company. Regardless, he retains the title of the youngest billionaire in history.
His father, Guenther Lehmann, is the sole force responsible for his meteoric rise to wealth at such a young age. When the son became 18, the trusteeship was changed to his name because that is the age when a minor can legally make such decisions on their own.
| Name | Kevin David Lehmann |
|---|---|
| Born Country | Germany |
| Net worth | $3.3 Billion |
| Date of Birth | September 2002 |
| Age | 20 Years |
| Nationality | Germany |
| Eye Color | Black |
Facts About Kevin David Lehmann
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His father gave him a 50% share of the German chain of drugstores. Because of this, he got a lot of money. About $12 billion a year comes in from drugstore sales.
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In 1973, Goetz Werner opened the first dm pharmacy in Karlsruhe, Germany. The official website says that more than 3,000 places of business in Germany employ more than 40,000 people.
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Lemann is well-known worldwide because of his business success and his knowledge of digital marketing. How he has made so many 8-figure businesses work. Kevin David had a normal childhood in every way. He and his family moved to a quiet town in Oregon, where he joined the local football team to make the most of the charm.
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Kevin David and his father have kept a low profile on the internet, so there is not much information about them online. I knew then that I had to take charge of my life if I wanted to do well. Kevin David got a job right after he graduated from college.
Family
Kevin David Lehmann is a successful businessman from Germany who was born in the UK. His father is Günther Lehmann, who is the son of Gerhard Lehmann. In 1896, Gerhard Lehmann started investing in the pancake group, mostly made up of pancake shops. In 1933, he bought a 50% stake in the company.
In 1973, Günther Lehmann bought most of the company and became the head. More than 56,000 people work for the organization at more than 3,300 locations worldwide. Guenther Lehmann is the name of dad. He ran a family grocery store in Germany called chain Pancake. The businessman Eltern Lehmann was born in England but now lives in Germany.
Summary
Kevin David Lehmann owns a group of pharmacies in Germany called dm. He owns half of the business, with more than $12 billion in annual sales. In 1973, when he opened a store in Karlsruhe, Germany, Goetz Werners started the company. There are now 3,700 dm locations around the world. Kevin David started his first business when he was 21 years old. Since then, he has tried to start several more.
Life Of The Youngest Billionaire In The World
Dm-Drogerie Markt is the largest pharmacy chain. It opened its first store in 1974. More than 41,000 people work at its more than 2,000 stores. Even though Lehmann and his father started the business, neither of them is involved in it today. Only they have been successful at getting investors to know about them. Even so, Lehmann is now the youngest billionaire in the world. He is younger than Kylie Jenner, who is a model.
In 2015, Lehmann added food, clothes, and cleaning supplies to the pharmacy. Lehmann gave CEO Christopher Werner control of the company in 2018, but the company is still involved and selling stock. Because it has a wide range of necessities and is easy to get to, Dm-Drogerie Markt’s sales have gone through the roof. Think of this store as the McDonald’s of Germany said a German customer who did not want to be named.
Net Worth of Kevin David Lehmann
Forbes says that the company is worth it right now. Forbes has said that he will become the youngest billionaire. A teenager in their early twenties who has already made billions of dollars is one of the richest people in the world. His family has almost an unlimited amount of money. Because of this, he is much better off financially than Donald Trump.
In 1933, his father, Gerhard Lehmann, bought most of the Pancake Group, mostly made of pancake restaurants. It made him the obvious heir to the group. They decide in the end to sell the business. In 1973, Günter Lehmann bought enough shares of dm to make it his company.
Drogerie Markt
The youngest boy became a billionaire at a young age, and the only place or company that helped him get there was DM or Drogerie Market. Let me quickly explain what the business is all about. It is a chain of stores in Germany that sells things that are good for your health, like toiletries, medicine, food, and drinks. Gotz Werner came up with the idea to start this business. He is the smart guy behind a global business.
The company is based on a flat hierarchy and high levels of working together. The company cares more about its workers and happiness than its bottom line. In 2017, the company started doing business in places other than Europe. Currently, the company works in the Czech Republic, Hungary, Slovenia, Slovakia, Croatia, Serbia, Bosnia and Herzegovina, and Romania.
Pharmacy Chain
A pharmacy chain is any third party that sells goods to consumers and has more than 50 places where people can fill their prescriptions. There are two main career paths for pharmacists who work for a chain pharmacy: management or staff. A chain community pharmacy is a local pharmacy that is part of a larger organization with four or more locations. In a chain of community pharmacies, manager duties depend on how big and organized each store is. Most of the time, they are in charge of hiring staff, taking care of patients, managing inventory, and staffing.
It is important to learn, grow, and have good management at work. A store is part of a bigger chain that happens more often. When a corporation or franchise owns a business, there are usually a few more levels of management. Includes store managers and the top executives of drugstores. As new responsibilities come along, a person grows.
Characteristics
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In 2012 Pathway Evaluation Program Survey was done with the help of 169 chain community pharmacists. About 49% of them said they were Doctors of Pharmacy.
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One in five had a doctorate or a degree the same as a doctorate. Only 6% had finished a residency program, but 45% were certified somehow, and 8% had gone on to get more training than required.
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The middle age of the people who took part was 46. More than half of the participants were women (57%). In terms of money, 27% (including those who only work part-time) make less than $100,000, and 48% make between $100,000 and $130,000. The average workweek was 46 hours long.
Lemann is well-known worldwide because of his business success and his knowledge of digital marketing. It is how he has been able to start so many 8-figure businesses that do well. Kevin David had a normal childhood in every way. He and his family moved to a quiet town in Oregon, where he joined the local football team to make the most of the town.
Youngest Billionaires
According to the latest Forbes list, a 21-year-old German man is the youngest billionaire. Kevin David Lehmann is 18 years old and worth $3.3 billion. They come from a family with a lot of money (equivalent to 2.8 billion euros). That makes him more wealthy than, say, Donald Trump. So, it is hard for news outlets like Business Insider to get a comment from the German youth who is very rich and, like his father, prefers to stay anonymous.
Forbes says that Lehmann is one of just a few billionaires who got rich when they were teenagers. Günter Lehmann, the 14-year-old boy, had already given him half of the dm brand, so it is not a surprise. A trustee took care of the money until the child turned 18. In September 2021, Kevin David Lehmann will turn 19.
Top 5 Youngest Billionaires
In April 2021, he became the youngest billionaire. There are different kinds of people among the 10 youngest billionaires worldwide. For example, an 18-year-old heiress to a drugstore fortune and a 30-year-old founder of the food delivery company DoorDash are both in this group. Through their investments in CNNC, the Wang Zedong family has made a lot of money. Some companies make titanium dioxides, such as Hua Yuan Titanium Dioxide and Lomon Billions Group.
Kevin David Lehmann: Kevin David Lehmann became the youngest millionaire in the world when he got his father’s half of the German pharmacy chain market when he was only 14 years old.
Wang Zedong: Wang Zedong is only 24 years old but already worth $1.5 billion. The country has made much money by sending pigment production outside China. Wang got a piece of CNNC Hua Yuan Titanium Dioxide Co. through an inheritance. The company is worth about $1.3 billion and is on the Shenzhen stock market.
Alexandra Andresen: At 24 years old, she has a net worth of $1.4 billion, thanks to the Norwegian investing firm she owns. The Andresen sisters got equal shares (42%) in Ferd, an investment company based in Baerum, Norway, that makes almost $2 billion a year (though their father still manages the company).
Katharina Andresen: At 25 years old and runs a $1.4 billion investment firm in Norway with her mother, also named Katharina. The Andresen sisters each got an equal share of their investment company, Ferd, which makes $2 billion annually and is based in Brum, Norway.
Austin Russell: At the age of 26, Austin Russell is now one of the richest people in the world. He has a net worth of $2.4 billion. He has a lot of money because of how technology for self-driving cars has grown in other countries. Russell dropped out of Stanford in 2012 to start Luminar Technologies after getting a $100,000 Thiel Fellowship.
Lemann is well-known worldwide because of his business skills and knowledge of digital marketing. It is how he has been able to start so many 8-figure businesses that do well. Kevin David had a normal childhood in every way. He and his family moved to a quiet town in Oregon, where he joined the local football team to make the most of the town’s charm.
Frequently Asked Question
People ask many questions about Kevin David Lehmann. We discussed a few of them below
1 - What kind of work does Kevin David Lehmann do?
Kevin David Lehmann owns 50% of the dm drugstore chain, which is the most successful. In 1973, Goetz Werner started the company when he opened a store in Karlsruhe, Germany. Dm has almost 3,700 stores all over the world now.
2 - Who is the youngest person to become a billionaire?
Alexandr Wang is the youngest person in the world to become a billionaire on his own. It is because he owns an estimated 15% of a company worth $1 billion. The movie will tell you everything you need to know. Self-made billionaire at age 21: Alexandr Wang is the youngest self-made billionaire in the world. He is only 25 years old.
3 - How did Kevin David Lehmann get his money?
When he acquired most of the DM German pharmacy chain shares, he became the youngest billionaire in the world (Drogerie Markt). His father, Guenther Lehmann, used to own all of these things.
4 - How much money does Kevin David have?
He advertises himself as a CEO, a founder, and an e-commerce coach. Because of how quickly he grew his business, he now has a net worth of $10 million.
5 - Where do rich people go to have fun?
It has been found that millionaires spend a lot of time trying to get better at what they do. Research shows that the average American only spends two and a half hours a week reading for fun and working out.
6 - Who is the nine-year-old with the most money in the world?
Mia Talerico, who is only nine years old, is said to be the youngest self-made millionaire in the world. On the hit Disney shows Good Luck Charlie, her first part was as Charlie Duncan, the youngest Charlie.
7 - What is the last name of the rich bride?
Kevin David is one of the most well-known people in electronic commerce and digital marketing, and he made all of his money on his own. He has helped hundreds of thousands worldwide as a mentor and coach.
8 - Who has the least money in the world?
Because of this, Jerome Kerviel has more debt than anyone else. Because of this, he is the poorest person in the world. His work as a trader for Societe Generale. He turned himself in and is now in a French prison for three years. Jerome Kerviel has $6.3 billion in debt, making him the person with the most debt.
9 - What does Kevin David do for a living?
Kevin started That Lifestyle Ninja, an online training academy that teaches new entrepreneurs how to build successful online businesses from scratch, even without experience or training. He quickly became one of the best Amazon teachers and mentors.
10 - How do most millionaires make their money?
Unsurprisingly, people who work in banking and finance have the highest median incomes. Since the salaries are higher and the skills and knowledge needed are higher, it makes sense that people working in the field will be smarter.
11 - Who is Kevin?
Kevin, the Unemployed CEO, is a self-made entrepreneur who made his money on the internet. Kevin quit his job as an accountant after a few months because he was not satisfied. He looks back and says, I knew I would never be happy working for someone else.
12 - Do rich people put their money in the bank?
Many millionaires keep most of their money in things that are easy to sell, like cash or gold. They set themselves up for the unexpected by opening a savings account ahead of time. Most of us do not save money as rich people do. If they have a private banker who also takes care of their money, that person probably deals with all of their bank accounts.
13 - Do wealthy individuals have any hobbies or interests?
Rich people are willing to try new things, which helps them grow intellectually and professionally and pushes them out of their comfort zones. They might decide to start their own business or invest in real estate. Taking any of these risks could pay off in a big way. Rich people try to stay away from gambling at all costs.
14 - Who is a trillionaire?
In reality, Jeff Bezos was going to be the first person in the world to be worth a trillion dollars. But based on what we know now, he will only be worth $1.06 trillion in 2030, which puts him six years behind Musk. The report says that Musk, Gautam Adani, and Zhang Yiming will be the next people to have more than US$1 trillion.
15 - Who is David in the show Marrying Millions?
Kevin David, an entrepreneur who has made millions of dollars on his own, got his start in online retail and advertising. David is an expert at finding the best and most creative ways to make money online, and his website says he is also an eCommerce coach.
The newest list from Forbes says that the youngest billionaire in the world is a German. Kevin David, who is only 18, is already worth $3.3 billion (the equivalent of 2.8 billion euros). He is now more wealthy than Donald Trump because of this. He was born in 2003 in the German city of Karlsruhe (age 18 as of 2021). He became the youngest self-made millionaire when his father gave him a share of the German pharmacy chain. Goetz Werner started the business when he opened a store in Karlsruhe, Germany, in 1973. About 3,700 sites use dm right now. In 1974, Kevin David Lehmann’s father, Guenther, invested in dm while running the chain of Pfannkuch stores. By the end of 2017, Guenther had given Kevin David control of his half of dm. His father was not an active member of dm, nor is Kevin.
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