Kylie Jenner is the youngest billionaire ever. Here's why
- Author: Gwendolyn Kim Mar 06, 2019,
Mar 06, 2019, 0:39
She credits her success to her enormous social media following which ensured her customer base before she made her first product.
Jenner, whose net worth is estimated at one billion USA dollars (£761 million), has appeared on Forbes' billionaires list for the first time, ranked at number 2,057 overall. But (the recognition) feels really good.
Born in August 1997, Kylie is not only the youngest self-made billionaire but also the youngest billionaire on Forbes" "young billionaires' list.
Forbes explained that it defines "self-made" as "someone who built a company or established a fortune on her own, rather than inheriting some or all of it". "'That's a nice pat on the back", she said as quoted by Forbes.
The young star owns a 100 percent stake in her brand and even has separate income from endorsements and her family's reality TV show as well as an impressive portfolio of real estate.
Social media users seemed split on the meaning behind Astroworld rapper's tweet.
Forbes put 2,153 billionaires on its 2019 list, down from 2,208 in 2018, and said their total combined net worth was $8.7 trillion, down from $9.1 trillion in 2018.
Microsoft Corp co-founder Bill Gates remained in the No. 2 position with an estimated fortune of $96.5 billion, up from $90 billion previous year.
The entrepreneur owns 100% of Kylie Cosmetics, the three-year-old beauty business that did an estimated $360 million in sales a year ago, and most of her sales are done online.
Her mother Kris would not rule out that she may sell the company in the future. Kylie reportedly shares the details of her products directly with her fans online through the medium of Facebook, Twitter, Instagram and Snapchat. "She's really falling for him", the source said.