The reality show star, who is a mother of eight-month-old daughter Stormi with the rapper boyfriend, wears the crown of the youngest self-made billionaire.
International icon Kylie Jenner has achieved a lot in the age of just 21 years! The global diva built her own empire with her cosmetics. Kylie who owns the 100 percent of her cosmetic range Kylie Cosmetics, has emerged to become the youngest self-made billionaire in the world.
As per Forbes, Kylie has replaced Facebook co-founder Mark Zuckerberg who became a billionaire at the age of 23 while Kylie has reached the ten-figure fortune at 21 after her sales shot up to $360 million in 2018.
The sister took it to her Twitter handle and responded saying ‘HOLY MOLLYYYYYY’, along with a lot of emojis. Well, Kendall is definitely enthralled by her sister rocking the business world.
The reports have sent the internet into a frenzy. Belonging to influential Jenner and Kardashian clan, Kylie has without any help, built it on her own. While the stunning lady is ruling her empire, her sister Kendall’s epic response is winning the internet.
For the past three years, her Kylie Cosmetics had only sold its makeup online and briefly in the pop-up shops. But after signing an exclusive distribution deal with Ulta, the beauty retailer, Kylie Cosmetics was rolling its $29 lip kits, matte liquid lipstick and matching lip liner, to Ulta’s 1,000-plus stores. And Jenner showed up to the Richmond Avenue Ulta in Houston to greet customers, sign autographs on lip kits and, of course, pose for selfies with her fans.
Fueled in part by the Ulta expansion, Kylie Cosmetics’ revenue climbed 9% last year to an estimated $360 million. With that kind of growth, and even using a conservative multiple from the booming makeup industry, Forbes estimates Jenner’s company is worth at least $900 million. 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.
According to the magazine, her empire consists of only seven full-time and five part-time employees. Her mom Kris Jenner takes care of the finance and PR.
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