There’s a new billionaire in town and she’s only 21, making her the world’s youngest billionaire. Ladies and Gentlemen make way for Kylie Jenner. Forbes magazine today admitted her to the prestigious nine zeroes scale club all thanks to her Kylie Cosmetics. According to the magazine, “Kylie Cosmetics’ revenue climbed 9% last year to an estimated $360 million.
With that kind of growth, and even using a conservative multiple from the booming makeup industry, Forbes estimates Jenner’s company is worth at least $900 million.” Hold your horses. Just in case you thought its her family fortune, you are wrong. The money is all hers in addition to the cash she has pulled in through various endorsements and businesses which takes her straight to the Billionaire s club.
Kylie, who admits, “It’s the power of social media,” is the youngest daughter of Caitlyn Jenner and Kris Jenner. Marketing of her product is done largely on social media where Jenner commands a following of about 26 million followers on twitter, 22 million likes on her facebook page and another 128 million followers on Instagram. Whenever she launches her products or does a review, she largely uses her social media platforms.
It hard to imagine that this girl made her debut into the celebrity world when she was barely 10 in the Family Tv reality show, Keeping up with the Kardashians and now is all grown up and a billionaire.
Kylie Cosmetics went from essentially zero to $307 million in sales within a year of launching but managed only single-digit growth in 2017 and 2018, Forbes estimates.
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