21 Year Old Kylie Jenner Is The World’s Youngest ‘Self-Made’ Billionaire
Kylie Jenner has an estimated $1 billion fortune, thanks to Kylie Cosmetics and a new deal with beauty retailer Ulta https://t.co j3LhJP0hb #ForbesBillionaires pic.twitter.com/B5NrL6C0sI
— Forbes (@Forbes) March 6, 2019
The Reality TV Star, lip-kit extraordinaire and mother of Stormi Webster is now the youngest self-made billionaire according to a recent Forbes report. Kylie Jenner nabbed the title from Facebook founder Mark Zuckerberg who achieved the prestigious milestone at the age of 23.
Last year, Forbes revealed that Kylie was on track to become a billionaire. As Kylie signed an exclusive distribution deal with the beauty retailer Ulta, which placed her Kylie Cosmetics products in 1000 stories across the US, she officially crossed the threshold into the billionaire club.
Kylie Cosmetics, which was launched in 2015 and is owned entirely by Kylie is worth $900 million, estimates Forbes. In just six weeks of signing the deal with Ulta, Kylie Cosmetics sold an estimated $54.5 million worth of products in the stores, growing the company’s revenue by 9%. Kylie has credited the historic achievement to ‘the power of social media’ and considers this accolade a ‘nice pat on the back.’