Kylie Jenner is the Youngest Self-Made Billionaire

Reality television star and cosmetics mogul, Kylie Jenner has been named the youngest-ever self-made billionaire by Forbes with an estimated fortune of US$1 billion (A$1.41 billion).
She claims the title at just 21 years old, which is two years younger than Mark Zuckerberg was when he made his first appearance on the list.
“I did not foresee the future,” Jenner told Forbes, “But [the recognition] feels really good. That’s a nice pat on the back.”
So how did she make all her money?
Around US$900 million of her empire is in her cosmetics brand, Kylie Cosmetics, which has seen a runaway success since it launched in 2015.
Most of the brand’s early success was tied to her Lip Kits, a makeup set that came with a lip liner and color, which Jenner marketed to her 175 million-strong social media fan-base to viral success.
Without a bricks and mortar presence, Kylie Cosmetics essentially went from 0 to US$307 million in sales within one year, but it reached juggernaut status after US cosmetics store Ulta began stocking the product.
” it’s the power of social media,” Jenner said. “I had such a strong reach before I was able to start anything.”
The other US$100 million is in the cash Jenner has pulled from the incredibly lucrative business.

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