Culture&Arts

Kylie Jenner Is Officially the Youngest Self-Made Billionaire Ever

Kylie Jenner Is Officially the Youngest Self-Made Billionaire Ever

The digital dictionary source responded to a Forbes report last July, that projected a then-20-year-old Jenner would become the "youngest self-made billionaire ever, " surpassing Facebook CEO Mark Zuckerberg, who became a billionaire at 23.

The entrepreneur owns 100% of Kylie Cosmetics, the three-year-old beauty business that did an estimated $360 million in sales previous year, and most of her sales are done online.

Facebook CEO Mark Zuckerberg was knocked to eighth place on Forbes' 33rd annual 2019 list of billionaires following a year of scandals over United Kingdom political consultancy firm Cambridge Analytica, which revealed that over 87m Facebook users had their data compromised by the shadowy organisation.

Of her success, she added: "I didn't expect anything".

Kylie Cosmetics past year signed a deal with Ulta Beauty to put her products in all of the retailer's 1,163 U.S. stores. She also owns an impressive portfolio of real estate. "I did not foresee the future", Jenner told Forbes about the ranking.

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"It's the power of social media", the young billionaire said. Jenner owns 100% of Kylie Cosmetics, which first launched in 2015 with three Lip Kits. They also put her on one of the most popular reality television shows in the country - where she's starred for the past decade.

The makeup mogul's partnership with Ulta was a natural fit, enabling younger shoppers who may not have access to a credit card the chance to purchase her products, as well as customers who prefer to see a product in person before making a purchase.

'It's always something that we're willing to explore, ' she said.

Kylie Cosmetics outsources its manufacturing and packaging to Seed Beauty and sales and fulfilment to Shopify. "I work really hard".