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While some billionaires have expressed their intentions to avoid large inheritances for the sake of their children, many very young heirs and heirs have been forced to pay essentially overnight after their wills have been read. Billionaires still have the potential. The recent death of Kim Jeong-ju, billionaire founder of South Korean gaming company Nexon, has sent shockwaves through the world of billionaire statistics. After inheriting a stake in holding company NXC, 18-year-old Kim Jong-yoon is now the youngest billionaire in the world.
Even after an inheritance tax bill totaling $1.5 billion, Jeongyeon and sister Kim Jong-min are each worth about $1 billion. Instead, the reins are passed to older and more experienced employees, according to the will of older Kim.
NurPhoto by Ryu Seung Il/Getty Images
Not much is publicly known about the youngest Kim sisters, other than their 2004 birthday, which previously held the title of the world’s youngest billionaire after acquiring a stake in Drozery Markt. , a German drugstore chain founded by his father, Günther Lehmann.
Jeong-joo’s widow and Nexon co-founder Yoo Jong-hyun has also embarked on the billionaire stratosphere with a net worth of $3 billion after inheriting additional shares in the company from her late husband.
Kim Jung-ju founded Nexon in 1994, eventually growing it into South Korea’s largest gaming brand with a portfolio of games such as the popular MapleStory. Before his death, he was also known for his philanthropic works, including the establishment of Korea’s first pediatric rehabilitation hospital and Asia’s first computer museum. His Nexon Foundation also funds an “annual hackathon” and a network of lending libraries for poor children in South Korea. He was the third richest person in South Korea at the time of his death at the age of 54.
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