Kylie Jenner is the youngest billionaire ever. Here's why

Kylie Jenner attends the 'Rei Kawakubo  Comme des Garcons Art Of The In-Between' Costume Institute Gala at Metropolitan Museum of Art

Kylie Jenner attends the 'Rei Kawakubo Comme des Garcons Art Of The In-Between' Costume Institute Gala at Metropolitan Museum of Art

Kylie Jenner is the world's youngest self-made billionaire, according to the newest Forbes billionaires' list. Kylie Jenner is the youngest self-made billionaire of all time.

Through the cosmetics line, Kylie has been able to amass a net worth of KSh 100 billion. "But [the recognition] feels really good".

Jenner, the half-sister of Kim Kardashian West, said the recognition is a "nice pat on the back".

Whilst Facebook's financial reports indicated a 30 percent increase in revenues and 61 percent increase in year-on-year earnings, 2018 was plagued with the Cambridge Analytica scandal and data breaches which placed the USA social media giant under the scrutiny of both the United States and UK governments. Previous year alone, her brand grew by an estimated whopping $360 million.

Marketing is carried out through social media, primarily dependent on Ms Jenner's enormous following.

Kylie Cosmetics previous year signed a deal with Ulta Beauty Inc to put her products in all of the retailer's 1,163 US stores.

Jenner, the youngest member of the Kardashian-Jenner clan, has amassed 128 million Instagram followers and leveraged that popularity to promote her products.

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In November 2018, she entered a distribution deal with American beauty retailer Ulta to sell Kylie Cosmetics in store.

During an interview with Paper magazine last month, Jenner acknowledged her huge platform but said her parents "cut her off at the age of 15".

Forbes magazine formally welcomed Kylie to the billionaire club on Tuesday after her lipstick company, Kylie Cosmetics, ballooned in net worth to over a billion dollars, yes that's nine zeroes.

She credits her success to her enormous social media following which ensured her customer base before she made her first product.

"My parents told me I needed to make my own money, it's time to learn how to save and spend your own money, stuff like that..."

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".

Kylie's mom aka "momager" Kris Jenner manages all her PR and financial operations, in return for a 10% share.

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