Move over Kylie Jenner, there’s a new youngest billionaire in town. Meet Kim Jung-youn, the 18-year-old daughter of Korean gaming pioneer Kim Jung-ju. She inherited a 10% stake in her father’s company, NXC, which owns the popular online gaming platform Nexon, worth a whopping $1.2bn. Nexon has a user base of over 1.5 billion players across 190 countries. Jung-youn’s success has sparked a debate about the ethics of inherited wealth.
Korean Gaming Pioneer’s Teenage Daughter Becomes World’s Youngest Billionaire
On September 22, 2022, the world witnessed the rise of the youngest billionaire in history – Kim Jung-youn, the teenage daughter of Korean gaming pioneer Kim Jung-ju. At just 18 years old, she surpassed the previous record set by Kylie Jenner, who became a billionaire at the age of 21.
The young billionaire’s wealth comes from her father’s company, NXC, which owns the popular online gaming platform, Nexon. Kim Jung-youn inherited a 10% stake in the company from her father, which is worth a staggering $1.2 billion.
The Rise of Nexon
Nexon was founded by Kim Jung-ju in 1994, and it quickly became one of the biggest names in the gaming industry. The company’s success can be attributed to its innovative approach to gaming, which focused on creating immersive virtual worlds that players could explore and interact with.
Today, Nexon has over 80 live games in more than 190 countries, and it boasts a user base of over 1.5 billion players. The company has also expanded into other areas, such as mobile gaming, and it has acquired several other gaming companies over the years.
The Impact of Kim Jung-youn’s Success
Kim Jung-youn’s success has been celebrated by many as a symbol of the changing times. In a world where the wealth gap is widening, and opportunities for young people seem to be shrinking, her story is a reminder that anything is possible with hard work and dedication.
However, her success has also sparked a debate about the ethics of inherited wealth. Many people have questioned whether it is fair for someone to become a billionaire simply because they were born into a wealthy family.
Who Was the Youngest Billionaire Before Kim Jung-youn?
Before Kim Jung-youn, the title of youngest billionaire was held by Kylie Jenner, who became a billionaire at the age of 21. Jenner’s wealth comes from her cosmetics company, Kylie Cosmetics, which she founded in 2015.
However, Jenner’s rise to billionaire status was not without controversy. Many people questioned whether her success was due to her own hard work and talent, or whether it was simply a result of her family’s fame and wealth.
The rise of Kim Jung-youn as the world’s youngest billionaire is a remarkable achievement, and it serves as an inspiration to young people around the world. However, it also raises important questions about the ethics of inherited wealth and the role of privilege in society.
Regardless of these debates, there is no denying that Kim Jung-youn’s success is a testament to the power of entrepreneurship and innovation. As the world continues to change and evolve, it is entrepreneurs like her who will shape the future and create new opportunities for generations to come.
References for « Who was the youngest billionaire? »
- Forbes’ Billionaires List
- Business Insider’s « The 20 youngest billionaires in the world »
- CNBC’s « Here are the richest people on the planet according to Forbes »
- TheRichest’s « Top 10 Youngest Billionaires In The World »
- Wonderslist’s « Top 10 Youngest Billionaires In The World »
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