How do billionaires spend their money

This is how the 5 youngest billionaires in the world spend their money

For most people in their twenties, life is a constant balancing act. They have to take care of their studies or an apprenticeship and find ways in which they can be financially independent. Nevertheless, the fun shouldn't be neglected on the side.

That doesn't apply to Kylie Jenner and the rest of the super-young, super-rich elite in the world. In November, Kylie Jenner sold shares in her cosmetics company for $ 600 million to the beauty group Coty Inc. The deal valued Kylie Cosmetics at $ 1.2 billion. On Friday, however, the US magazine "Forbes" published a report from which it emerged that the value of Jenner's cosmetics brand would apparently only be $ 900 million after all. "Forbes" also accuses the young entrepreneur of glossing over and exaggerating the value of her company. Jenner denies that she never lied to get a title and called Forbes' claims "a series of incorrect statements and unproven assumptions". Since it has not yet been proven with certainty whether Jenner is a billionaire or not, we have not yet excluded her in the following picture gallery.

From fast Ferraris to international dressage tournaments, we've taken a look at the lives of the world's five youngest billionaires. They are all younger than 30 years. See how they spend their time and seemingly unlimited money here.

This is how the 5 youngest billionaires in the world spend their money

This is how the 5 youngest billionaires in the world spend their money

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  • At 22, Kylie Jenner is the youngest billionaire in the world.

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  • She has a suspected $ 1 billion fortune, thanks in large part to the success of her cosmetics company, Kylie Cosmetics.

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  • After Jenner sold shares in her cosmetics brand to Coty Inc. for $ 600 million in November, Kylie Cosmetics was valued at $ 1.2 billion. The US magazine "Forbes" is now questioning this value.

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    Rick Kern / Getty Images for Ulta Beauty

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    She shares her life with her 138 million Instagram followers. Allegedly, she charges a million dollars for every post she sponsors.

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  • Jenner became famous for her family's reality show Keeping Up With The Kardashians. She was nine years old when the first episode was filmed.

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  • In 2015, Jenner launched her first makeup product, the Kylie Lip Kit.

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    Rick Kern / Getty Images for Ulta Beauty

  • Jenner owns several luxury cars that, combined, are likely worth millions.

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  • Her cars are on her 1.4 acre property in Hidden Hills, which she bought for $ 12 million in 2016.

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  • The second and third youngest billionaires in the world are the Norwegian sisters Alexandra (right) and Katharina (left) Andresen.

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    Both are worth $ 1.4 billion in net worth.

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  • They each own 42.2 percent of the Oslo-based investment company Ferd, which their father Johan H. Andresen founded.

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    REUTERS / Gwladys Fouche

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    The 23-year-old Alexandra is an enthusiastic rider and has at least four horses.

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    She participates in competitions and is sponsored by equestrian brands Kingsland and Samshield.

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