Wednesday, 06 March 2019 10:31

Kylie Jenner Is Officially The World's Youngest Billionaire

Written by
Rate this item
(0 votes)

Beauty entrepreneur, Kylie Jenner, is now the world’s youngest self-made billionaire at the age of 21.

Jenner, who grew up being a part of the TV reality show, Keeping Up with the Kardashians, was on Tuesday admitted to the “nine-zero” fortune club by Forbes.

The business magazine ranked Jenner as the world’s 2,057th richest person. She became a billionaire two years younger than the Facebook co-founder Mark Zuckerberg, who took the title at the age of 23 in 2008.

In an interview with Forbes, Jenner said: “I didn’t expect anything. I did not foresee the future. But [the recognition] feels really good. That’s a nice pat on the back.”

Jenner’s fortune comes from Kylie Cosmetics, the makeup company she runs largely from her iPhone, with the help of her mother, Kris. Forbes estimated that the cosmetics company, which is 100%-owned by Jenner, made $360m (£274m) in sales last year.

Forbes’s estimate of Jenner’s wealth comes in its annual ranking of the world’s billionaires. Its research found that the total number of billionaires had declined over the past year from 2,208 to 2,153.

The world’s richest person still remains the Amazon founder and chief executive, Jeff Bezos, with a $131bn fortune, up $19bn on 2018.

Read 364 times

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.