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

Getty Images 	Steve Granitz

Getty Images Steve Granitz

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.

This former National Football League and Miami Hurricanes star lands back in jail
He has pleaded not guilty to multiple counts of kidnapping, rape and other charges related to those accusations. Winslow, a 2007 Pro Bowler with Cleveland, last played in the National Football League in 2013 with the Jets.

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.

Recommended News

  • Michael Jackson's Daughter Paris Afraid

    Michael Jackson's Daughter Paris Afraid "Leaving Neverland" Will Affect Career

    In After Neverland , Robson explained to Winfrey that he had "no understanding" of the abuse when he was testifying. In 1994, he settled a sexual abuse lawsuit concerning another 13 year-old boy.

    WWE Star King Kong Bundy Dead At Age 61

    To further push dominance, he would demand referees count to five instead of the normal three. WWE has officially released a statement regarding the passing of WWE legend King Kong Bundy .
    Second patient ever in HIV remission after stem cell transplant

    Second patient ever in HIV remission after stem cell transplant

    Using bone marrow transplants to cure HIV in everyone who has the virus, though, remains impractical, expensive, and risky. Gupta, now at Cambridge University, treated the London patient when he was working at University College London.
  • MMR vaccine does not increase risk for autism

    MMR vaccine does not increase risk for autism

    That's the major take away from yet another study looking to unravel the link between vaccines and the developmental disability. Yet, many parents still fear vaccinating their children against these preventable diseases, and it is creating big risks.
    US House panel launches new probe into Trump White House, campaign, businesses

    US House panel launches new probe into Trump White House, campaign, businesses

    The chairman said at the time that the security clearance abuses are "grave breaches of national security at the highest levels". The probe comes following mid-term elections in the U.S. that gave Democrats a majority over Trump's Republicans in the House.
    Google Study to Address Wage Gap Finds Company Is Underpaying Men

    Google Study to Address Wage Gap Finds Company Is Underpaying Men

    To standardize compensation between genders within the group, Google disbursed nearly $10 million to more than 10,000 employees. Google has given pay raises to thousands of staffers after finding that it was underpaying some men when compared to women.
  • Ariana Grande Is Collaborating With Starbucks on Her Own Drink

    Ariana Grande Is Collaborating With Starbucks on Her Own Drink

    She'll have a Grande! The Cloud Macchiato will be available with caramel and cinnamon flavors, and served cold or hot. Ariana Grande and Starbucks sent social media into a tizzy Monday after posting mysterious twin tweets on Twitter .
    Low axes Bayern trio from Germany squad

    Low axes Bayern trio from Germany squad

    Germany captain Manuel Neuer , 32, has a battle to keep his goalkeeping shirt from Barcelona's Marc-Andre ter Stegen, 26. I'm convinced that that is the correct step. "They are big players who stand for a big time in the national team".
    Lyft beats Uber to the public market as expected

    Lyft beats Uber to the public market as expected

    While Lyft's revenue doubled to US$2.2 billion in 2018 from 2017, it lost US$991 million previous year , according to its filing. Lyft is now valued at $15bn, just seven years after it was founded by technology entrepreneurs John Zimmer and Logan Green.
  • Behold: The Most Expensive Car in History

    Behold: The Most Expensive Car in History

    The new vehicle has the same almost 1,500 horsepower 16-cylinder engine as the $3 million Bugatti Chiron on which it is based. In the 1990s, the company was rebranded as a producer of limited edition sports cars, some of which broke world speed records.
    Victor  submits claim for $1.5 billion Mega Millions jackpot

    Victor submits claim for $1.5 billion Mega Millions jackpot

    The winning ticket was sold between October 20 and October 23 of previous year at a convenience store in Simpsonville , S.C. He further stated that the victor wished to remain anonymous , and that they " will honor the winner's wishes ".

    FDA Chief Scott Gottlieb to Resign

    Scott Gottlieb , who has flitted between government and Big Pharma, took the helm of the FDA in May 2017. Similarly, shares of Amgen Inc erased their gains and Gilead Sciences Inc shares added to losses.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.