These days, Kylie Jenner has been making the news for allegedly losing her billionaire status. According to Forbes , they recalculated the famous beauty mogul’s net worth and concluded that she is not a billionaire. If this jaw-dropping claim proves to be true, then not only would Kylie no longer hold the title, but Norwegian sisters Katharina and Alexandra Andresen will reclaim their throne as the first- and second-youngest billionaires in the world. Whether Kylie Jenner remains a billionaire or “downgrades” to being a millionaire, her highly-publicised life has already given everyone an idea on what it's like to be super-rich. However, these 23-year-old and 24-year-old heiresses make a compelling case for how to spend such a massive fortune. How Kylie Jenner and the top 5 youngest billionaires spend their money On driving high-priced cars and flying first class View this post on Instagram A post shared by Kylie (@kyliejenner) on Feb 27, 2020 at 3:33pm PST Rolls-Royce, Bugatti, Lamborghini, Ferrari – it’s no secret that Kylie Jenner owns an impressive collection of luxury vehicles. The make-up empress also isn't shy about taking private jets. Ferd owner Johan Andresen may have bestowed each of his two daughters US$1.1 billion worth of the family-owned investment company, but he can still be a strict dad. Katharina and Alexandra are only allowed to buy second-hand cars. That's no issue since the girls prefer riding horses, anyway. On managing their expansive businesses View this post on Instagram A post shared by Kylie (@kyliejenner) on Dec 16, 2019 at 10:27am PST Kylie Jenner's make-up line Kylie Cosmetics has been known to collaborate with no other than her equally prominent sisters. The Kardashian-Jenner family has been banking on their fame since a decade ago. Who are the 15 youngest billionaires in America, and which is the richest? Meanwhile, the Andresen sisters use their influence to support non-profit organisations like CARE Norge that create a better life for women. Of the two, older Katharina is more likely to follow in their father’s footsteps, as she is currently taking a degree in global management. On choosing their living situation View this post on Instagram A post shared by Kylie (@kyliejenner) on Mar 20, 2020 at 6:44pm PDT The California native does not only have a lavish car collection, but also has a growing portfolio of real estate. Kylie's Instagram posts and stories will give you a peek into her mansions. Inside Kylie Jenner’s new US$36.5 mansion – in pictures View this post on Instagram A post shared by Katharina G. Andresen (@kgandresen) on Apr 16, 2018 at 12:40pm PDT Based in London for her studies, Katharina opted to rent an apartment in England’s capital. With her insane amount of money, she could have afforded to stay in a castle. On being a young billionaire View this post on Instagram A post shared by Kylie (@kyliejenner) on Jul 1, 2020 at 2:06pm PDT Kylie is crazy rich and she knows it. Her more than 200 million followers on social media are also well-informed since she flaunts her wealth all the time. View this post on Instagram A post shared by Alexandra (@alexandraandresen) on Apr 4, 2020 at 4:51am PDT Katharina and Alexandra's parents taught them to be subtle with their affluence. In fact, Alexandra even saves money from her allowance and her cash prizes from equestrian competitions. Which 10 cities in the world are homes to the most billionaires? At the end of the day, they all live the same life – one that is far from normal View this post on Instagram A post shared by Kylie (@kyliejenner) on Dec 17, 2019 at 5:41pm PST High maintenance or low-key, they can choose how to live their lives. They travel the world, charter a yacht, wear designer clothes and shoes. With the power of social media, all three of them are very much aware of how perception means everything. Want more stories like this? Sign up here . Follow STYLE on Facebook , Instagram , YouTube and Twitter .