Yahoo News Kylie Jenner is still the world’s youngest self-made billionaire
Kylie Jenner remains the youngest self-made billionaire in the world, according to Forbes’ annual World’s Billionaires list.
Jenner, who is just 22, is worth over $1 billion after building up her own company. Despite her privileged background, she is considered self-made as she created her beauty empire Kylie Cosmetics and Kylie Skin on her own, which are now a world-famous brands. She did, however, have help in terms of reach and publicity from her world-famous family.
The mogul first landed on the list in March 2019, then confirmed her place even further this year, after selling 51 per cent of Kylie Cosmetics to City Inc. for $600 million, according to Forbes.
The deal values her business at around $1.2 billion, with the sale and her remaining 49 per cent share of the company making her one of 2,095 people in the world with a ten-digit value.
A post shared by Kylie Cosmetics (@kyliecosmetics) on Mar 26, 2020 at 1:36pm PDT
“I didn’t expect anything. I did not foresee the future,” Jenner told Forbes last year. “But [the recognition] feels really good. That’s a nice pat on the back. It’s the power of social media. I had such a strong reach before I was able to start anything.”
Jenner first reached the milestone at an even younger age (21) than Facebook co-founder Mark Zuckerberg, who was 23 when he became a billionaire.
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