- Katharina Andresen, 22, was fined 250,000 kroner (£23,000) on Friday for drink-driving.
- Andresen also received a 13-month ban.
- Andresen is the world’s second youngest billionaire behind her sister Alexandra, 21.
22-year-old billionaire Katharina Andresen has been fined 250,000 kroner (£23,000) and issued a 13-month ban from driving after she was caught driving under the influence of alcohol.
Andresen was caught over the limit during the Easter weekend earlier this year while driving to her family’s ski chalet in Hafjell, Norway where drink-driving fines are based on the defendant’s income.
The 22-year-old, with a net worth of $1.23 billion (£927.6 million), could have been fined up to 40 million kroner (£4.8 million) if the figure was based on Andresen’s assets, according to the Telegraph.
Usually, drink-drivers in Norway are fined 1.5 times their gross monthly salary, but the fine can fluctuate based on what the judge considers the “real financial position” of the defendant, according to the Norwegian newspaper VG.
Because the heiress and Amsterdam University College student has no fixed income, the fine only reflected her net worth and was reduced to 250,000 kroner (£23,000).
Drink-driving laws in Norway are some of the strictest in Europe and only allow 0.02% blood alcohol content. Andresen had a blood alcohol content of 0.06% one hour after being pulled over by police, according to the Guardian.
In the UK, blood alcohol content while driving should not exceed 0.08% in England, Wales, and Northern Ireland, and 0.05% in Scotland.
Andresen and her younger sister Alexandra, 21, became the world’s youngest billionaires in 2007 when their father – investment mogul Johan Andresen – passed down 42% of the family-owned investment company to each of them.
Neither of the Andresen sisters – whose luxe interests include designer brands, horseriding, and international travel – work for the company.