Saturday, June 25, 2016

World's youngest billionaire

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NEWSWORLD NEWSBILLIONAIRES

Inside incredible life of world's youngest billionaire at just NINETEEN years-old

22:13, 2 JUN 2016UPDATED 08:06, 3 JUN 2016BY ABIGAIL O'LEARY

Alexandra Andresen shot into Forbes 2016 Billionaires list after inheriting 42% of her family business

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The world's youngest billionaire is worth an eye-popping $1.2billion, around £862 million.

Alexandra Andresen comes in as one of the richest people on the planet, after inheriting millions from her business-man father Johan Andresen.

The Andresen family own Ferd, a long-running private investment company.

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In 2007, the Norwegian beauty shot to the top spot as the youngest billionaire in the world when her father transferred 42% of the business to Anexandra.

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Billionaire Alexandra Andresen with her father Johan and sister Katharina

Her sister Katharina is just one year older, and received the exact same stake in the business.

Read more: British designer creating fashion for disables people named 'among world's brightest entrepreneurs'

Born and raised in Oslo in Norway, this year Alexandra made it onto the Forbes World's Billionaire list.

Alexandra, who recently graduated from high school, is one of Norway's most successful horseback riders, according to Forbes .

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Alexandra Andresen is an accomplished horse rider

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Alexandra Andresen has made it onto Forbes's Billionaire list

She has won medals at numerous European competitions, and currently lives in Germany, where she is sponsored in dressage by Kingsland.

The teenager's incredible wealth was not widely known until recently, but her family's wealth goes back generations.

Read more: Subway founder Fred DeLuca dies ages 67 just weeks after sandwich business' 50th anniversary

Her great-great-great grandfather bought J.L. Tiedemanns tobacco factory in 1849, which later became the country's market-leading cigarette maker.

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Alexandra inherited 42% of the multi-million family business

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Alexandra's family wealth dates back to the 1800s

In 2005, the family sold the company for ethical reasons for a huge $500million.

They invested the money wisely in real estate, security and hedge funds, according to The Telegraph.

Older sister Katharina, who is the second youngest billionaire on Forbes's list, is currently a social science freshman at Amsterdam University College in the Netherlands.

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RELATED TOPICS : EDUCATION, BILLIONAIRES, SECONDARY SCHOOL, TEENAGERS

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Burning house swept away as West Virginia flooding kills at least 20 people

01:54, 25 JUN 2016UPDATED 09:12, 25 JUN 2016BY NATALIE EVANS, BARBARA GOLDBERG , LAILA KEARNEY 

The torrential downpour caused rivers and streams to swell up and burst their banks leaving communities devastated

 

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At least 20 people, including young children, have been killed as the worst flooding in more than a hundred years swept through West Virginia .

Houses have been swamped and communities "devastated" after ten inches of rain pummeledthe state on Thursday.

A horrified local filmed the moment a burning house was seen being swept down a creek in White Sulphur Springs, Greenbrier County.

Amanda Carper uploaded the video to Facebook shows the flaming building floating down the Howard Creek as she, her family and their dogs took shelter in their car.

Amanda Carper/ Facebook

The burning house is swept along the creek

Amanda Carper/ Facebook

Horrified locals look on as the burning building is swept downstream

The torrential downpour caused rivers and streams to swell up and burst their banks sending tens of thousands of gallons into surrounding towns and villages.

"The damage is widespread and devastating," Governor Earl Ray Tomblin said at a news conference.

"Our biggest challenge continues to be high waters."

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Four dead in West Virginia floods as rain-swollen rivers crest

West Virginia Department of Transportation/Handout via Reuters

West Virginia has it's worst floods in a century

West Virginia Department of Transportation/Handout via Reuters

West Virginia has it's worst floods in a century

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Multiple rivers have risen to dangerous heights, including the Elk River, which reached 32 feet, the highest since 1888, Tomblin said.

Government officials are focusing resources on rescuing those trapped or swept away by the flooding, he said, adding that some 66,000 residences are without power.

Flooding kills 14 people in Virginia

A car is washed away in the flooding

The governor declared a state of emergency in 44 of 55 counties and deployed 200 members of the West Virginia National Guard to help rescue efforts on Friday.

Though rivers were expected to crest by Friday night, the rescue and recovery effort is likely to last through the weekend, said Tim Rock, spokesman for the West Virginia Division of Homeland Security and Emergency Management.

West Virginia Department of Transportation/Handout via Reuters

A damaged car

Upturned vehicles in the water

"There have been towns that have been completely surrounded by water," Rock said.

"People say there is 8 to 9 feet of water in their house.

"It's at least into the hundreds forced to get emergency shelter," he said.

West Virginia Department of Transportation/Handout via Reuters

Road damage is seen after the state was pummeled by up to 10 inches of rain

West Virginia Department of Transportation/Handout via Reuters

High water is seen in west Virginia

"Even if you can get back into your home, who knows what kind of shape it's in."

West Virginia received one-quarter of its annual rainfall ina single day, National Weather Service meteorologist Frank Pereira said.

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West Virginia Department of Transportation/Handout via Reuters

Damage to roads in West Virginia

West Virginia Department of Transportation/Handout via Reuters

A damaged car is seen after the state was pummeled by up to 10 inches of rain

The floods have left devastation in their wake

"It was multiple rounds of thunderstorms that continued to move across the same area, a relatively small area, and the mountainous terrain exacerbated the flooding," Pereira said.

Rains eased on Friday with only scattered showers expected, he added.

The storms that drenched West Virginia were part of a severe weather system that has swept through the U.S. Midwest, triggering tornadoes.

RELATED : FLOODS, WEATHER

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