Forbes just issued its yearly list of World’s Billionaires, and for the second time in a row, Kylie Jenner reigns the title of the world’s youngest self-made billionaire.
What Made Kylie – World’s Youngest Billionaire!
Kylie first captured that title in March 2019. Her reality shows and empire of Kylie Cosmetics brought her worth to a massive $1 billion. She cemented her billionaire status in November 2019. Inking a deal to sell 51% of Kylie Cosmetics to beauty group Coty Inc. for a staggering $600 million. The contract to retain 40% of her company, which closed in January 2020. Thus brings her up to $1.2 billion — making her one of just 2095 billionaires in the world!
Path opted for The Throne!
Being a member of the a famous family as well as claiming the title of self-made makes people wonder . “Despite a lot of help from her famous family. She didn’t inherit her business; she built it.” Forbes stated to defend their decision. In 2014, she began her cosmetics company as a teenager, thus starting a social media craze with her makeup and over-lined lips. This later turned into an empire. With her earnings from modeling she paid a company $250,000 to produce Kylie Lip Kits for $29 a pop . To everyone’s surprise, the first 15,000 kits sold out in less than a minute.
Kylie Capture’s the Throne because of..
Kylie became an unstoppable force and crafted a beauty empire, expanding to all kinds of makeup and skincare products, amassing a cult following. She inked an exclusive distribution deal with Ulta Beauty in 2018, bringing her worth to $900 million. Forbes infamously planted her on their 2018 August cover to state that she would shortly unthrone Mark Zuckerberg, founder of Facebook as the youngest self-made billionaire. Boy, she did prove them right!