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Kylie Jenner Is Now The World’s Youngest Billionaire



Kylie Jenner Is Now The World’s Youngest Billionaire

Kylie Jenner Is Now The World’s Youngest Billionaire

According to the latest report by Forbes, reality TV star and makeup guru Kylie Jenner is now the world’s youngest billionaire!

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On Tuesday, the magazine shared its annual ranking of the world’s richest people for 2019, announcing that Jenner not only made it on the billionaire’s list for the first time but is the world’s youngest billionaire on top of the “youngest self-made billionaire of all time.” The business magazine also ranked Jenner as the world’s 2,057th richest person.

The 21-year-old became a billionaire two years younger than the Facebook co-founder Mark Zuckerberg, who snagged the title at the age of 23. Her fortune comes from her makeup company Kylie Cosmetics, where she sells $29 lip kits — a set which included liquid lipsticks and matching lip liner, along with many other beauty products. Speaking with Forbes, Kylie said,

“I didn’t expect anything. I did not foresee the future,” Jenner said in an interview with Forbes. “But [the recognition] feels really good. That’s a nice pat on the back.”

According to The Guardian, almost all of Kylie Cosmetics’ sales come directly from her social media accounts. She has 128 million followers on Instagram and has one of the most viewed accounts on Snapchat. On top of that, she is followed by 26.7 million on Twitter.

In 2018, Kylie Cosmetics raked in an estimated $360 million, according to Forbes. The company is said to be worth at least $900 million, with Jenner owning 100% stake. It was also noted that the business, which Jenner founded in 2015, only employs just seven full-time staff.

While Kylie is now officially a part of the billionaires club, the world’s richest person remains the Amazon founder and chief executive Jeff Bezos with a $131bn fortune, up $19bn on 2018.

Congrats Kylie!

Press Play Below For More On Kylie Jenner’s Success:

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