At just 18 years old, Kevin Lehmann has made a name for himself as one of the youngest billionaires in the world. He inherited 50% of a substantial fortune from his father, who transferred a significant stake in Germany’s leading pharmacy chain, DM (drogerie markt), to him. This chain generates over $14 billion in annual revenue and has grown significantly since its founding in 1973 by Goetz Werner.
With around 3,700 locations in Germany and operations in 12 other countries, DM has become a powerhouse in the pharmaceutical industry. The link between the Lehmann family and DM was established in 1974 when Guenther Lehmann, Kevin’s father, decided to invest in the chain. Guenther later transferred his 50% stake in DM to Kevin in 2017, paving the way for Kevin to become a billionaire when he came of age.
Although Kevin and his father have not been involved in the day-to-day operations of DM, Kevin’s substantial wealth has catapulted him to international fame. It is estimated that his fortune could be worth $3 billion, making him one of the wealthiest young individuals in the world.
Despite his newfound wealth and status, Kevin Lehmann and his family have chosen to maintain a low profile in relation to the company and its operations. Their focus remains on the continued success and growth of DM, which employs over 62,000 individuals across its various locations.
As Kevin David Lehmann continues to make headlines as one of the youngest billionaires globally, the future looks bright for this young entrepreneur and his family’s business empire.