Young reality TV star and entrepreneur, Kylie Jenner, has become the youngest self-made billionaire at just 21 years old.
Kylie Jenner has been named by Forbes magazine as the youngest self-made billionaire ever.
She achieved this feat at just 21 years old. The young reality TV star became a business mogul after she launched her cosmetic line which included lip sticks and lip liners in 2015.
Since its launch, her products were sold out online in a few minutes and her distribution deal with a beauty retailer, Ulta, also helped give her products a wider reach in their over 1,000 outlets for customers who would prefer to see and feel the products before purchasing.
According to Forbes, Kylie is the youngest person to reach a 10 figure fortune at just 21 surpassing Mark Zukerberg who achieved the feat at 23.
Jenner says, “It’s the power of social media,“I had such a strong reach before I was able to start anything.”
When Kylie Cosmetics launched in Ulta in 50 states, the reaction was a real-life version of the online rush Jenner created years earlier, when her initial kits sold out online in less than a minute. Ulta shoppers went wild. In some stores inventory was gone in hours. “It sold out faster than we planned,” admits Tara Simon, Ulta’s senior vice president of merchandising.