Forbes Magazine Names Kylie Jenner the Youngest ‘Self-Made’ Billionaire
Kylie Jenner (Photo by Nicholas Hunt/Getty Images for MTV)
Kylie Jenner has just made history.
The Keeping Up With the Kardashians star was named the youngest “self-made” billionaire by Forbes magazine, surpassing Facebook founder Mark Zuckerberg.
The TV star’s wealth is a result of her makeup company, Kylie Cosmetics, which is estimated to be worth $900 million. Coupled with her personal holdings, Jenner is the youngest in history to claim the title.
Kylie Cosmetics had a serious surge last year when the products began selling in Ulta stores. Revenue jumped to $360M from that change alone.
The success of Jenner’s four-year-old company has been a surprise even for her.
“I didn’t expect anything. I did not foresee the future,” Jenner told Forbes. “But [the recognition] feels really good. That’s a nice pat on the back.”
Of course, it certainly helped her to have millions of fans and followers from her television stardom, and the support of her famous family.
For now, Jenner has no plans to sell the company and plans to grow it from here.
“I see [Kylie Cosmetics] going very far,” Jenner told Forbes. “I work really hard.”
