Kylie Jenner- Youngest Billionaire
Kylie Jenner makes history as the youngest billionaire age 21 according to Forbes Magazine August 2018 issue. According to Forbes, a further year of growth will make her the youngest self-made billionaire ever, male or female. This will put her ahead of Mark Zuckerberg who became a billionaire at age 23.
Interestingly, Kylie Cosmetics makeup company Kylie Cosmetics only launched two years ago. This was primarily with a $29 “lip kit” consisting of a matching set of lipstick and lip liner. This has sold more than $630 million worth of makeup since, including an estimated $330 million in 2017. Forbes values her company, which has since added other cosmetics like eyeshadow and concealer, at nearly $800 million. Bear in mind that Kylie owns 100% of Kylie cosmetics. Given that, Kylie also makes money off her endorsement deals with Puma, PacSun.
THE AUGUST 31, 2018 ISSUE OF FORBES
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