Kylie Jenner Is The Youngest Self-Made Billionaire

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Kylie Jenner n the midst of all the trauma she has gone through this year, The drama of loosing her best friend and speculation that her boyfriend is cheating on her; she has still managed her bank accounts.

The cosmetics mogule has just made history – by becoming the youngest self-made billionaire of all time.

Thanks to savvy use of social media, her family’s position as the most-watched people and America, and her global makeup brand Kylie Cosmetics, the 21-year-old reality star has been unveiled as a billionaire.

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Her net worth now far outstrips the rest of her family – momager Kris Jenner, supermodel sister Kylie Jenner and her reality star siblings Kim, Khloe and Kourtney Kardashian, as well as dad Caitlyn Jenner.

Kylie’s also overtaken Facebook co-founder Mark Zuckerberg, who made his first billion dollars at the age of 23.

“I didn’t expect anything. I did not foresee the future. But [the recognition] feels really good,” Kylie told Forbes magazine, which announced her place in history.

“That’s a nice pat on the back.”

Kylie Jenner slammed for glamourising gun violence in her new 'music video'
Kylie launched Kylie Cosmetics in 2015 (Image: Youtube / Kylie Cosmetics)

According to Forbes, Kylie Cosmetics alone is worth an estimated $900million – and she owns all of it.

Kylie saw huge growth of 9% in 2018, raking in profits of $54.5 million in just six weeks alone after launching her Lip Kit products in high street store Ulta.

“I popped up at a few stores, I did my usual social media – I did what I usually do, and it just worked,” she said of her success.

Kylie Cosmetics only launched in 2015, and has minimal overheads thanks to Jenner’s decision to sell online-only (apart from the Ulta expansion and her pop-up shops). Just seven full-time members of staff work for the brand, alongside five part-timers, meaning the vast majority of her profits go straight into Kylie’s coffers.

Kylie Jenner slammed for glamourising gun violence in her new 'music video'

And the mum of one believes her mega success is all down to her 175 million followers on Instagram, Snapchat, Twitter and Facebook.

“It’s the power of social media – I had such a strong reach before I was able to start anything,” she added to Forbes.

The brand has seen its fair share of problems too, with fake knock-offs containing faeces and bacteriaflooding the market in 2018.

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