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Kevin David Lehmann Net Worth, Biography, Age, Career

Kevin David Lehmann Net Worth

There are numerous billionaires in the world. Some are self-made billionaires, some divorced billionaire husbands to become billionaires, and many inherited their fortunes. Kevin David Lehmann is a billionaire who inherited his fortune. He is the world’s youngest known billionaire as of 2022, and he has held the title for the second year in a row. 

Kevin David Lehmann is a German businessman and investor. He is most known as the son of Guenther Lehmann, a German billionaire who got his money by investing in a drugstore. He initially made waves in 2021, when he turned 18 after Forbes named him the world’s youngest billionaire.

Nobody knew much about him before that point. Furthermore, despite his father being a billionaire and holding shares in one of the world’s largest drugstore chains, little information about him was available to the public.

Kevin David Lehmann’s profile summary

Name: Kevin David Lehmann

Gender: Male

Date Of Birth: September 2002

Age: 20 Years

Place of Birth: Germany

Source of Wealth: Drugstore

Nationality: German

Net Worth: $1.6 Billion ( As of 11/10/2022 )

Father: Günther Lehmann

About Kevin David Lehmann

There is very little information available about him, however here are a few things.

He is the world’s youngest billionaire

Kevin David Lehmann’s occupation is unknown. He owns half of the top drugstore chain in Germany. When he inherited his father’s stock in 2017 (at the age of 15), the famous youngster was one of the world’s youngest billionaires. However, because he had not reached the legal age to run a business, few people knew about him.

When he turned 18 in 2020, some information about him was available online. Forbes named him the world’s youngest billionaire in 2021, with a net worth of $3.3 billion. Currently, his net worth is $1.6 billion.

Kevin’s father invested in dm-drogerie in 1973

Kevin David Lehmann’s net worth is $3.3 billion, thanks to his company, Dm-drogerie. Because the founder lacked funds, his father, Guenther, purchased 50% of the company’s shares in 1973. At the time, the drugstore only had two locations. Guenther never sold his stake, making him a billionaire.

What does Kevin David Lehmann do for DM? He is simply a shareholder in dm. He is not involved in the day-to-day operations of the organisation. Similarly, his father has never been actively involved in the firm. However, it was his shrewd investment in 1973 that made him a billionaire.

He is the only son in his family

Kevin, one of the world’s youngest billionaires, is the only child in his family. As a result, he has no siblings and will be able to enjoy his money. He has no one with whom to share his money.

His dad owned one of Germany’s top food stores.

Kevin David Lehmann’s father, Günther, ran the family business Pfannkuch prior to purchasing a 50% stake in DM in 1973. Pfannkuch was a conglomerate of culinary and retail firms. Its subsidiary was Pfannkuch GmbH & Co. supermarket KG, which had approximately 200 outlets in Karlsruhe, Germany.

Günther held the corporation through his father. In 1933, his father, Gerhard Lehmann, joined the company’s management and purchased 50% of its stock. Then, in 1960, Günther took over and gained control of the corporation. Finally, in 1997, he sold the company to EDKA Group, afterwards known as Spar Handelsgesellschaft.

Also Read: Gautam Adani Net Worth 2022, Age, Wife, Career, Stocks List

Interesting Facts About Kevin David Lehmann

  • Kevin David Lehmann owns 50% of dm (drogerie markt), Germany’s largest drugstore chain with annual sales of more than $12 billion.
  • Goetz Werner founded the company in 1973 when he launched his first shop in Karlsruhe, Germany. dm now has approximately 3,700 sites.
  • Guenther Lehmann, the father of Kevin David Lehmann, invested in dm in 1974 while running his family’s Pfannkuch grocery chain.
  • Guenther gave Kevin David control of his 50% dm interest in 2017.
    Neither Kevin David nor his father has been involved with dm operations. They are largely unknown.

Who Was Kevin’s Father?

Guenther Lehmann is a German entrepreneur with a net worth of $1.9 billion. Guenther Lehmann amassed his fortune as the proprietor of the German drugstore dm (Drogeriemarkt).

Götz Werner, the company’s founder, founded the first dm’s shop in Karlsruhe, Germany, in 1973. Günther Lehmann was the head of the family business Pfannkuch at the time, and he joined Götz Werner’s business one year later.

Lehmann, who owned 50% of dm, chose to sell Pfannkuch to the grocery chain Spar in 1998. Currently, dm employs 50.000 workers in 2900 stores throughout 12 European countries. In German-speaking countries, Götz Werner is revered for his pro-employee business philosophy.

He recently transferred 50% of dm to a charitable foundation. Lehmann, who owns the remaining 50% of the company, is not actively involved with dm’s activities.

How did Kevin David Lehmann get his money?

Kevin David Lehmann owns half of dm (drogerie markt), Germany’s largest drugstore chain with annual sales of more than $12 billion. Goetz Werner founded the company in 1973 with the opening of his first shop in Karlsruhe, Germany. dm now has almost 3,700 locations.

Disclaimer: Please keep in mind that the information in this article is not financial or investment advice. The information in this article is solely the author’s opinion and should not be construed as trading or investing advice. We make no guarantees concerning the completeness, dependability, or correctness of this material. Before committing to an investment, any investor, trader, or regular crypto user should conduct an extensive study and become familiar with any local restrictions.

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