Kylie Jenner has become the world’s youngest self-made billionaire, according to Forbes billionaires’ list.
Forbes has named 21-year-old Kylie Jenner the youngest self-made billionaire ever.
Fueled in part by the Ulta expansion, 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.
She owns all of it. Add in the cash Jenner has already pulled from the profitable business, and the 21-year-old is now a billionaire, with an estimated fortune of $1 billion
She reached the milestone earlier than Facebook founder Mark Zuckerberg who became a billionaire aged 23. The beauty mogul was also ranked the world’s 2,057th richest person in the world right now.
“I didn’t expect anything,” Jenner told Forbes. She added that the recognition “feels really good.”