Kylie Jenner Is The Youngest Self-made Billionaire In History

Posted March 06, 2019

Born in August 1997, Kylie is not only the youngest self-made billionaire but also the youngest billionaire on Forbes" "young billionaires' list.

In July, Forbes announced Jenner was set to become the youngest self-made billionaire, but critics lashed out at the report, bringing up the advantages she was born into as part of the already wealthy Kardashian/Jenner clan. Forbes estimates the business is worth about US$900 million (NZ$1.3b).

The make-up mogul signed an exclusive distribution deal in November a year ago with beauty store chain Ulta to stock her $29 lip kits - a matte liquid lipstick and matching lip liner - into the company's 1,000-plus stores across 50 states in the USA, having previously sold only online or occasionally at pop-up shops.

Kylie Cosmetics' revenue climbed 9% to an estimated $360 million past year.

"I popped up at a few stores, I did my usual social media-I did what I usually do, and it just worked", Jenner tells the publication.

Forbes explained that it defines "self-made" as "someone who built a company or established a fortune on her own, rather than inheriting some or all of it". But there were more billionaires in the Americas, led by more capital in the United States and Brazil, have more billionaires than the previous year at 609 in the U.S. alone, with 14 of the world's wealthiest billionaires.

'That's a nice pat on the back, ' Jenner told Forbes. "She's really falling for him", the source said. First, it was the explosive cheating scandal that involved Khloe Kardashian, Tristan Thompson and Jordyn Woods followed by Kylie Jenner accusing Travis Scott on cheating on her. She mostly runs the company using her iPhone, and if you follow her on Instagram, you will notice that she regularly promote new products from the company.

She added: "It's the power of social media".