Kylie Kristen Jenner 23 years old, according to reports or rumors now a net worth of $1.1 billion. Making her the youngest billionaire in history, and the youngest self-reliant billionaire ever according to Forbes, which includes Jenner on the records of the
world’s richest billionaires.
Jenner takes away this title from the co-founder of Facebook Mark Zuckerberg, who set off the record to be a billionaire in 2008 at the age of 23, including Microsofts' co-founder
Bill Gates held at the age of 31 in 1987.
Jenner’s latest economical growth occurred primarily from Kylie Cosmetics, her makeup company, which
Forbes now evaluates at $900 million. Kylie Cosmetics, which is estimated to mark at $1.5 billion in lifetime sales by almost 2022, approved an exclusive administration agreement with the retailer in this previous summer which rapidly enhanced the growth and sales for Jenner and her company (Forbes stated that Kylie Cosmetics sold $54.5 million worth of products and commodities in Ulta markets over the initial six weeks of the proceedings). Jenner said that she is planning to operate on the company forever and later pass it down to her daughter, Stormi, who is about to party her second birthday.
“I didn’t expect anything. I did not foresee the future, But the 'recognition' feels good. That’s a nice pat on the back.” Jenner speaks to Forbes at the business success event.
Some also criticize the young achiever on social media for not being self-made because she was born into wealth and fame. Jenner’s entrepreneurial practices came out to be are very impressive and exciting. She is the most financially successful and prosperous member of the who Jenner-Kardashian family. Her elder half-sister Kim Kardashian West also shares an estimated net worth of $350
Beside from Kylie Cosmetics, Jenner collects wealth from her paid app, the “Kylie Jenner Official App,” too, as well as sales of products from “The Kylie Shop,” two apparel lines with her sister Kendall Jenner, 'Rebels: City of Indra: The Story of Lex and Livia' the book series, TV shows like “Keeping Up With the Kardashians” along with “Life of Kylie,” and few additional businesses with some groups with retail labels and brands like Topshop, Adidas, and Quay Australia.
On November 30, 2015, Jenner originated her beauty brand, Kylie Lip Kit at $29, liquid lipstick along with a comparable lip pencil, which traded in minutes. The company made $420 million of business within the next 18 months. The anniversary collection release of 2016 made nearly $19 million of profit in one day. Kim Kardashian West’s leading merchandise launch for her new makeup brand 'KKW Beauty' traded an estimate of $14.4 million.
At an event Jenner said that she is not too concerned about the conflicts between Kardashian West, with her she collaborated for Kylie Cosmetics at the beginning because they both individuals reach a different life-history, she tells WWD. “We both had an age gap of almost 20 years. I feel like my makeup is more young, fun. And it’s just different,” Jenner said.
As a tween her fascination with YouTube tutorials made Jenner motivated for her makeup brand. “I turned to makeup to help me feel more confident”. she told Forbes. In a conversation with Complex Magazine in 2016, Jenner told, “I want to be as big as the other [cosmetic] brands.”
Kylie Jenner, who advertises her cosmetics mostly online, has 207.5 million followers on Instagram, 36.7 million followers on Twitter, whereas Kylie cosmetics itself has almost 25.3 million followers on Instagram. “It’s the power of social media, I had such a strong reach before I was able to start anything,” Jenner told this to Forbes.
Forbes, added Jenner to their list of the World's Wealthiest Self-Made Billionaire Jenner remained to be the youngest celebrity on the Forbes records after she stepped up of Mark Zukerberg at the age of 23 when her net worth was expected to be $1 billion.
Social media have always been the key to Jenner's progress and success, with a number of more than 244 million followers across Instagram, Twitter, Facebook, and Snapchat across the globe.