Kim: The teenage daughter of Korean gaming pioneer Kim Jung-joo Kim Jong-young has transform the youngest billionaire on this planet.

In step with stories, Kim Jong Yong is the youngest billionaire on this planet. Whilst Kim and her older sister Jung Min inherited equivalent stocks of 30.78% of NXC stocks every, {the teenager} has now transform the sector’s youngest billionaire.

Who’s Kim Jong Younger?

Kim Jung-young is the daughter of Nexon founder Kim Jun-joo. He gave up the ghost in February on the age of 54 and left a stake in his non-public protecting corporate, NXC, to his daughters. Jung Joo was once an excessively personal individual. 18-year-old Kim Jong Yong, 18, is lately the youngest billionaire.

How a lot did she inherit?

The sisters already had stocks within the corporate. With the addition of the inherited stocks, every in their stakes within the corporate is now value $2.5 billion every. Since South Korea levies massive inheritance taxes, the inheritance tax is over $1.5 billion for every. This leaves the sisters with a community valued at $1 billion every.

Did her mom obtain an inheritance?

Kim’s mom, Yoo Jong Hyun, 53, was once a billionaire prior to her husband’s loss of life. She inherited a 4.57% percentage on his loss of life. She helped her husband discovered Nexon in 1994 and remains to be the biggest shareholder in NXC as she owns a 34% stake. Yoo discovered himself a few of the 50 richest in Korea this yr with a internet value of $3 billion.

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Who was once the former youngest billionaire?

Yung-Yun toppled Germany’s Kevin David Lehmann, the former youngest billionaire. Kevin grew to become 20 this month and changed into a billionaire because of his father Gunther Lehmann, who made his son a billionaire at 18. This was once because of the switch of a stake within the German pharmacy chain Drogerie Markt to Kevin when he was once 14 years outdated. underneath guardianship till his son turns 18 in 2020.

What can we learn about Jung Joo and his corporate?

Little is understood about Jung Joo as he have shyed away from the media. His corporate Nexon is headquartered in Tokyo. NXC was once based in Jeju Island, a South Korean lodge island. In 2006, Jung Joo stepped down from the day by day control of his corporate to concentrate on different investments and philanthropic actions. He was once at the checklist of 15 heroes of philanthropy revealed via Forbes Asia remaining yr because of his generosity in opposition to youngsters’s hospitals. Ahead of his loss of life, he was once the 3rd richest individual within the nation with a internet value of $10.9 billion.

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