According to Forbes, Kylie Jenner, CEO Kylie make-up, business guru, influencer, and reality star is fast becoming the youngest self-made billionaire ever. She is amazingly ahead of Mack Zuckerberg, CEO Facebook, who became a billionaire at the age of 23.
The 20-year-old Kylie, who is the youngest of the Kardashian-Jenner sisters, is worth $900m and is tipped by Forbes to become the youngest billionaire in the world, as she covers the August edition of the American business magazine and joins ‘America’s Richest Self-Made Women’ list.
Still on Kylie’s amazing achievements, Forbes wrote, “Another year of growth will make her the youngest self-made billionaire ever, male or female, trumping Mark Zuckerberg, who became a billionaire at age 23.”
Kylie joins other influential women, including her sister Kim Kardashian, media personality Oprah Winfrey, singers Beyonce and Taylor Swift who also made the list.
Still on Kylie’s business growth and success, “Jenner runs one of the hottest makeup companies ever.
“Kylie Cosmetics launched two years ago with a $29 “lip kit” consisting of a matching set of lipstick and lip liner.
“It has sold more than $630 million worth of makeup since, including an estimated $330m in 2017.
“Even using a conservative multiple, and applying our standard 20% discount, Forbes values her company, which has since added other cosmetics like eye shadow and concealer, at nearly $800m. Jenner owns 100 per cent of it.
“Add to that the millions she’s earned from TV programs and endorsing products like Puma shoes and PacSun clothing, and $60m in estimated after-tax dividends she’s taken from her company, and she’s conservatively worth $900m.” Forbes wrote on its website.
Forbes, is well known and highly recognized for its competence and transparency on lists and rankings of the richest Americans (the Forbes 400), of the world’s top companies (the Forbes Global 2000), and The World’s Billionaires.