It was reported that the world's youngest billionaire was born in Korea.
Forbes, an American economic magazine, reported that the second daughter of the late Nexon founder Kim Jung-ju, who passed away in February, became the world's youngest billionaire by inheritance of shares.
Citing public data, Forbes reported that the second daughter of founder Kim, born in 2004, and the eldest daughter, two years older, inherited a 30.78% stake in NXC, and 3.2 trillion won in Korean money.
Forbes said that Korea has the world's highest inheritance tax, and after excluding inheritance tax, the two sisters' net worth was estimated at 1 billion dollars each, about 1.4 trillion won in Korean money.
The former youngest billionaire is said to have inherited a stake in a pharmacy and cosmetics chain from his father when he was 14, with 20-year-old German young man Kevin David Lemann.