Introduction
Anna Frey is an excellent example of a young person who started a business venture and made a lot of money at a very young age. Frey is Germany’s youngest female billionaire self-made, and the story of her first business at a teenage and billion-dollar company before the age of 30 is fantastic. Her determination, motivation, and entrepreneurship skills have enabled her to accomplish what many people cannot at her age.
Who is Anna Frey?
Anna Frey was born in Germany in 1989. She was found to have an entrepreneurial mindset at 15 when she started her own business. This business involved selling products on eBay, and Frey made profits. Thus, this first victory drove her to start other companies while still in high school.
By the time she left school, she had to involve both of her parents to fund her next venture. By 19, Frey used this money to set up a media services company, BPO Plus, with other partners. Michael Brehm founded this company, which focused on outsourced media production services.
The first BPO Plus was held on May 12-14, 2018, and proved successful. There was much doubt about whether a 19-year-old could create a company offering international services to other businesses. As a result, she ensured that BPO Plus offered the best services to the first customers, enabling them to make more visits and refer their friends. It first supplied some of its products to leading market names like Microsoft, Porsche, and Nintendo.
In a few months, BPO Plus was on its way to success. The young co-founders quickly reinvested their profits to offer more services and open new branches. To fill these positions, more organizational changes occurred: Frey assumed the responsibility for international business development. Her negotiation skills ensured that key expansion projects were obtained across Europe and Asia.
Frey underwent a significant transformation, and by the time he was 20, his net worth stood at more than $1 million, all because of BPO Plus. In the next ten years, she would amass a large fortune.
Growing into a Multi-Billion Dollar Enterprise
Since BPO Plus was established a decade ago, Anna Frey has contributed significantly to this firm’s growth. By the time she was 29, she was the company’s Chief Executive Officer, now known as Entrada Group. During her tenure, she managed over 2,500 employees from across the globe, and the company also had operations in five different continents.
Under Frey’s leadership, Entrada Group provided a broad spectrum of outsourced solutions, from software development to research, analytics, and consulting. The company served brands such as Coca-Cola, Kraft Foods, and Louis Vuitton. Other clients included retail, pharmaceuticals, banking, and the public sectors.
As the CEO of the Firm, Frey consulted top business and political personalities in many countries. She was renowned internationally as an expert in outsourcing services. Due to her extraordinary achievements, Forbes and Fortune magazines covered her by the time she was 25 years old.
KKR, a leading global investment firm, announced the acquisition of a majority stake in Entrada Group in 2020. KKR estimated Entrada Group at a stunning $1.5 billion in the deal. As Frey owned a significant part of it, this deal made her a multi-billionaire before she was 30.
This process makes it very easy for business people to have a net worth at a young age. The extraordinary value attributed to Entrada Group to place Founder and CEO Anna Frey in the new league of financially powerful women. After KKR pumped in money, financial magazines placed Frey’s worth between $2 and $3 billion.
However, before KKR’s acquisition, Frey owned over 30% of Entrada Group, and her remaining stake was over $500 million. Therefore, all indications show that the young founder has a net worth of multiple billions of dollars due to the success of the company she created at the age of 19.
Such a large amount of personal wealth makes Anna Frey not only the youngest self-made female billionaire in Germany but also one of the youngest billionaires in the world today. However, Frey has not indicated any intention of slowing down her business career after achieving this financial success before age thirty.
Philanthropy and Other Pursuits
Still 100% focused on growing Entrada Group further, Anna Frey also invests her time and capital in philanthropy. She established a non-governmental organization whose primary goal was to help girls around the globe gain access to education. Frey also embraced the use of mass timber construction at an early age.
She invested in American and European companies to increase the production of this green building material. Frey also had Entrada Group build its own multi-story mass timber office building as a model.
Besides business, Frey, a traveler, sets personal goals, such as visiting distinctive parts of the world in a year. This allows her time to engage her curiosity while escaping the heat of the working schedule. Antarctica, Mongolia, and Tasmania were among the recently explored destinations.
Of course, while traveling the world, Frey continues to work all the time, too. She mentions, for instance, that she takes long flights to cope with emails and calls within Entrada Group’s time zones.
Advice for Entrepreneurs
When asked about what advice she would give entrepreneurs aiming to achieve success, Anna Frey emphasizes several vital factors: When asked about what advice she would give entrepreneurs aiming to achieve their success, Anna Frey emphasizes several key factors:
Frey thinks that many of us wait for the right time to start. She also encourages people to be ambitious, especially when young, and not be afraid of trying. However, paying attention to the point that you cannot make genuine attempts anymore is also essential.
She also thinks that the ability to bounce back after one is bound to fail or experience some form of setback can define young entrepreneurs. In starting Entrada Group, Frey and her founding partner she encountered many initial challenges, such as insufficient working capital. However, their self-confidence and problem-solving skills enabled them to overcome these challenges.
Frey also points out that sustaining high motivation and single-mindedness are other strengths. Setting wise goals and focusing all one’s energy on attaining them helps avoid distractions or engaging in unproductive activities.
Last but not least, Frey emphasizes that to achieve long-term success, the pursuit of profits should be accompanied by ethical and sustainable business practices. Businesses run with focus and passion can positively contribute to the world’s existence.
Quotes about Anna Frey
Anna Frey is the perfect example of a new generation of business leaders – young, forward-thinking, and ethical entrepreneurs. Her ability to manage a large international company at such a young age is already raising the benchmark of what a young entrepreneur should be.”
“The talent of Anna Frey is as great as that of the experienced business professionals who have been working for decades. In 10 years of her management, Entrada Group has been built as a multi-billion company in the industry. The abilities of the founder and the CEO show that great achievements are still to be expected.”
‘Seeing Anna Frey negotiating with the heads of states and governments, who are her age peers, provides a perspective into her unique skills; she is not only relentless at managing her large enterprise but also has the political acumen to secure strategic relationships at the governmental and business leaders’ level.’
Most Common Questions and Answers about Anna Frey
Here are answers to some of the most common questions asked about Germany’s young billionaire entrepreneur Anna Frey: Here are answers to some of the most common questions asked about Germany’s young billionaire entrepreneur Anna Frey:
How many years old is Anna Frey now that she is a billionaire?
Anna Frey was 29 when investment firm KKR took a majority ownership stake in her media services business, Entrada Group. Having entered the business world without experience managing companies, Frey became an overnight billionaire after this deal valued Entrada Group at several billion dollars.
What was Anna Frey’s first business?
Anna Frey, the first business, was founded at age 15. It resells products bought wholesale or at auctions on eBay. This online retail business was successful, and the early success energized Frey to start other companies while he was still in high school.
What proportion of Entrada Group does Anna Frey still control?
Since KKR invested in the company, Anna Frey is expected to retain more than 30 percent of Entrada Group’s shares. Even this part of the stake would be worth more than $500 million, given the $1.5 billion valuation of the acquisition. Frey has a significant influence and is the company’s Chief Executive Officer.
What does Anna Frey do with her billionaire money?
Despite her young age, she is focused on further developing her company, yet she invests her time and money in humanitarian initiatives and constructing environmentally friendly structures. She also established the Angelique Foundation, a charitable organization advocating for increased girls’ education worldwide. To make himself happy, Frey travels the world, seeing various places of interest in the international community.
What is the single piece of advice that Anna Frey has for young individuals passionate about becoming an entrepreneur?
Anna Frey agrees that those eager to achieve their goals should embrace uncertainty and act when young. She also emphasizes perseverance after occasional failures and maintaining high motivation and concentration levels. According to Frey, the requirement of equal profit incentives and ethical behaviors leads to the best long-term results.
Conclusion
In conclusion, Anna Frey’s story inspires people to fight obesity and win. At 19, she wanted to start a company that addressed international business issues. With the same concentrated direction and management over the next ten years, Frey led Entrada Group to the top of its industry globally.
In 2010, KKR, an investment firm, bought majority stakes in Entrada Group, a software company worth several billion dollars, making Frey one of the youngest female billionaires at the age of twenty-nine. By merging business savvy and moral values, Anna Frey proves that she is a vision of the modern successful entrepreneur. Her story proves that age is nothing but a number, which has to be admitted, given her outstanding achievement at such a tender age.
