Kylie Jenner Officially Named World’s Youngest Billionaire
Keeping Up With the Kardashians star and cosmetics entrepreneur Kylie Jenner has officially been named the world’s youngest billionaire by Forbes magazine.
Introducing: The World's Billionaires 2019 https://t.co/RzWkJDnZJV #ForbesBillionaires pic.twitter.com/ENODzCLtbn
— Forbes (@Forbes) March 5, 2019
At only 21-years of age, Forbes credits Jenner’s wealth to her makeup company, Kylie Cosmetics, which she founded in 2015 with a collection of lip kits. Since then the enterprising youngest member of the Kardashian-Jenner family has expanded Kylie Cosmetics to include a myriad of different makeup products, including eyeshadow palettes, concealer, blush and highlighter kits.
According to Forbes, Kylie Cosmetics is valued at $900 million, with Kylie owning a 100 percent stake.
According to NBC News, Forbes released its annual ranking of the world’s richest people this week with Jenner not only making the billionaire list for the first time but garnering the title of “world’s youngest billionaire” along with the “youngest self-made billionaire of all time” title.