Kevin David Lehmann | is the youngest billionaire in the world, according to Forbes’ 35th Annual Billionaires List. He has a $3.3 billion net worth.
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Who exactly is Kevin David Lehmann?
Kevin David Lehmann, the heir of DROGERIE MARKT, is the world’s youngest billionaire.
The youngest billionaire in the world is from Germany, according to the most recent “Forbes” list. Only 18 years old, Kevin David has a net worth of $3.3 billion (the equivalent of 2.8 billion euros). He is now more wealthy than, say, Donald Trump.
The super-rich “Teenager from Germany” is attracting the attention of media sources like “Business Insider,” but like his father, he is keeping a low profile.
In 2003, in Karlsruhe, Germany, Kevin David Lehmann was born (age 18 as of 2021). When his father offered him a part in the German drugstore business, he became the world’s youngest millionaire.
Kevin David Lehmann Profile
Lehmann, Kevin David Earnings
In 2017, Kevin David received a 50% ownership stake in the German drugstore chain dm-drogerie markt from his father, Guenther Lehmann. Kevin David owns a 50% stake in dm (drogerie markt), the largest pharmacy chain in Germany with annual sales of more than $12 billion.
When Goetz Werner opened his first store in Karlsruhe, Germany, in 1973, he also formed the company. dm has around 3,700 sites right now. The father of Kevin David, Guenther Lehmann, invested in dm in 1974 while running his family’s Pfannkuch grocery. Guenther ceded management of his 50% dm stake to Kevin David in 2017. Neither Kevin David nor his father have ever actively participated in DM operations.
According to Forbes, Kevin David’s net worth was $3.3 billion in 2021, however, it has already dropped to $2.4 billion in 2022.
Kevin Lehmann’s father is Guenther Lehmann. He managed Pfannkuch, the family’s grocery shop in Karlsruhe, Germany. In 1974, Guenther made a financial commitment to the “dm” drugstore, acquiring a 50% stake in the company.
Drogerie Market – Marketplace
Germany’s largest and most prosperous drugstore chain is called Drogerie Market (as mentioned above). The empire based in Karlsruhe has been growing ever since 1973.
Gatz Werner founded Progeria Market, a nationwide network of pharmacies with locations in Karlsruhe, Germany, in 1973. Drudgeries Market Drogerie Market today employs 62,000 people over 3,700 locations. The chain had the most pharmacies in Europe as of 2019. Son of the founder and managing director is Christoph Werner. After receiving the shares from his father Gunther Lehmann, Kevin, 18, now controls half of the company.
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