• Skip to primary navigation
  • Skip to main content
Subscribe
  • Fashion
  • Sneakers
  • Bags
  • Accessories
  • Music
  • Rihanna
  • Follow
    • INSTAGRAM
    • FACEBOOK
    • PINTEREST
    • TWITTER
    • YOUTUBE
News March 5, 2019
By Lois Sakany
SHARE THIS ARTICLE
Share Tweet Pin Linkedln Email Reddit
News

Kylie Jenner Becomes The Youngest Self Made Billionaire, At Age 21

kylie-jenner-forbes-youngest-billionaire

March 5, 2019. 3 Comments

Twenty-one-year-old Kylie Jenner today (March 5, 2019) achieved the status of youngest self-made billionaire, a feat that puts her in front of Mark Zuckerberg, who became a self-made billionaire at age 23.

According to Forbes, Jenner hit the billionaire mark thanks in large part because of her decision to open up distribution of Kylie Cosmetics into makeup chain Ulta, which boasts over 1,100 doors. Launched at the chain in November 2018, the brand’s lip kits during the first six weeks of sales were estimated to have brought in $54.5 million.

Driven by the Ulta launch, Kylie Cosmetics’ Cosmetics’ revenue grew nine percent in 2018 to an estimated $360 million. Based on conservative projections, Forbes puts the value of the company at $900 million, all of which is solely owned by Jenner. Add in the income she already banked from Kylie Cosmetics and Jenner easily hits billionaire status.

Kylie Cosmetics was launched just four years ago and employs a lean team of seven full time and seven part time employees. Produced by Oxnard, California-based Seed Beauty, the product is sold using Shopify, while Jenner’s mother Kris Jenner handles the finances and public relations in exchange for a 10-percent management fee.

When Forbes first predicted Jenner would likely become the world’s youngest billionaire, push back on her being defined as “self made” was intense. Forbes explained it uses a 1-10 scoring system to define a self-made levels. A person who inherited money but doesn’t nothing to grow it is ranked as a one, while someone like Oprah Winfrey who had no wealth and also overcame obstacles is a 10. Kylie is viewed as a seven, defined as a person who got a head start from wealthy parents and moneyed background. The magazine lists Rupert Murdoch as an example.

Beauty Celebrity News Forbes Kylie Jenner

What To Read Next

Read More
News

Ruba Abu-Nimah Exits Role As Tiffany’s Creative Director

New York-based creative Ruba Abu-Nimah has exited her role as Tiffany & Co.'s executive creative director for marketing

Read More ...
by Lois Sakany on February 2, 2023
SHARE
Read More
News

Kering And Gucci Announce Sabato De Sarno As Label’s New Creative Director

Italian luxury conglomerate Kering Group has announced the appointment of Sabato De Sarno as Gucci creative director. De

Read More ...
by Lois Sakany on January 28, 2023
SHARE
Read More
Fenty Beauty

Fenty Beauty Doubled Its Annual Revenue In 2022

French luxury conglomerate LVMH Moët Hennessy Louis Vuitton announced earnings yesterday and noted that Fenty Beauty doubled its

Read More ...
by Lois Sakany on January 27, 2023
SHARE
One last look at the pre-Grammy Roc Nation brunch One last look at the pre-Grammy Roc Nation brunch held for the first time in three years at a private residence in Los Angeles.
#Beyoncé and stylist #KjMoody decided to channel #Beyoncé and stylist #KjMoody decided to channel an 'Alien Superstar' in a custom Gareth Pugh and Amina Muaddi silver pumps for the Roc Nation brunch this weekend.

On the slide Bey and Snoh Alegra.
Marc Jacobs last night presented his fall ‘23 co Marc Jacobs last night presented his fall ‘23 collections at the Armory. Titled “Heroes,” looks including sky-high platforms were a tribute to Vivienne Westwood who passed in December. As far as we know, no one fell!!

Music was provided by violinist Jennifer Koh, who performed “Einstein on the Beach” by Philip Glass. 

In the show notes, Jacobs included the following quote from Westwood: “Fashion is life-enhancing, and I think it’s a lovely, generous thing to do for other people.”

🎥 WWD
Court side style appreciation post for Texas A&M W Court side style appreciation post for Texas A&M Women's Basketball coach #SydneyCarter 💯
Two talents from the Bronx: @renellaice shoots Ic Two talents from the Bronx: @renellaice  shoots Ice Spice for The Cut!
Lizzo’s #Yitti brand celebrates Black History M Lizzo’s #Yitti brand celebrates  Black History Month with a capsule inspired by Afro-Futurism.

Designed by Yitty's vp of design Kara Lacayo and #Lizzo, the corset jacket (pictured) is the winner! $129.95 now on Yitty.com
INSTAGRAMFACEBOOKPINTERESTTWITTERYOUTUBE
  • Home
  • About
  • Contact
  • Shop

Copyright © Snobette - Privacy Policy

Asset 1
Asset 1
Asset 1
  • About
  • Contact
  • Privacy Policy
  • Fashion
  • Sneakers
  • Bags
  • Accessories
  • Music
  • Rihanna