Ashley was born in Sherman Oaks, California, the daughter of Jarnette (née Jones), a personal manager, and David Olsen, a real estate developer and mortgage banker. Along with her twin, Mary-Kate, they have an older brother, Trent Olsen, a younger sister, Elizabeth Olsen (who is also an actress), and younger half siblings, Taylor and Jake, from their father's second marriage. Olsen's parents divorced in 1996. The twins and their siblings have Norwegian ancestry while their mother is of French, German, and Italian ancestry.
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