It was just months ago when Forbes put Kylie Jenner on the list of America’s Wealthiest Celebrities 2018 revealing that she is sitting on a $900m net worth.
Today, at 21, Kylie Jenner has become the youngest self-made billionaire ever, Forbes ruled.
Kylie Cosmetics’ revenue climbed 9%, raking in an estimated $360 million last year and now the company is worth at least $900 million. This is also considering the rapid growth, booming beauty industry and profits from the business.
“She owns all of it. Add in the cash Jenner has already pulled from the profitable business, and the 21-year-old is now a billionaire, with an estimated fortune of $1 billion. She’s the youngest-ever self-made billionaire, reaching a ten-figure fortune at a younger age than even Mark Zuckerberg (who was 23 when he hit that mark).”
Expressing herself on this milestone, Jenner says;
“I didn’t expect anything. I did not foresee the future. But [the recognition] feels really good. That’s a nice pat on the back.”
Jenner uses social media for the marketing part and it is without a say considering her massive following across Instagram, Twitter, Facebook and Snapchat.
“It’s the power of social media. I had such a strong reach before I was able to start anything.”
Her company employed just seven full-time and five part-time employees. Manufacturing and packaging are outsourced, Sales are handled Shopify and her mother leads the finance and PR, taking away 10% management fee.
source: Forbes
