World's second-youngest billionaire, 22, is fined £23,000 for drink-driving

A 22-year-old billionaire has been fined 250,000 kroner (£23,000) for drink-driving while on her way to her family's ski resort chalet in Hafjell.

Katharina Andresen is estimated to be the country's richest woman, with Forbes putting her fortune at $1.23 billion.

But the second-youngest billionaire in the world could have been fined up to 40 million kroner (£3,673,319) in Norway, where penalties are based on offenders' assets.   

The student avoided an even bigger payout because her assets 'have not yielded any dividend yet'.

Though she has had a 42 per cent share in her family's investment company since her father gifted it to her in 2007, she has no fixed income.

She was also banned from driving for 13 months after appearing at Oslo City Court.  

Andresen was found to be three times over the legal limit when she was breathalysed more than an hour after being stopped, according to Norwegian newspaper VG.