It’s Official: Kylie Jenner Is The World’s Youngest ‘Self-Made’ Billionaire
A new billionaire is in town, and her name is Kylie Jenner. The reality star and makeup tycoon has officially become the world’s youngest “self-made” billionaire at 21 years old, Forbes reported.
The magazine credits the successes to her makeup company’s expansion into Ulta beauty stores, which caused revenue to climb 9 percent last year to an estimated $60 million.
Forbes also reported that Kylie Cosmetics is valued at at least $900 million. That’s a lot of makeup!
Of course, Kylie pockets most of the funds as the sole owner of the operation. Add that to her brand partnerships and involvement on E!’s Keeping Up with the Kardashians, she now has an estimated fortune of $1 billion, the site reports.
“I didn’t expect anything. I did not foresee the future,” she told Forbes. “But [the recognition] feels really good. That’s a nice pat on the back.”
She added, “It’s the power of social media. I had such a strong reach before I was able to start anything.”
In July, Forbes declared Kylie was on her way to become the youngest self-made billionaire, but haters lashed out, bringing up the advantages she was born into as part of the already wealthy Kardashian/Jenner family.
But clearly, that’s not fazing her.