American television reality star and entrepreneur, Kylie Jenner, is becoming the youngest self-made billionaire.
The last born of the Jenner family, Kylie is set to move ahead founder of Facebook, Mark Zuckerberg, who became a billionaire at age 23 according to Forbes.
Kylie, who features in the cover of the August edition of the American business magazine, is on the ‘America’s Richest Self-Made Women’ list.
The ranking is a list comprised of America’s most successful self-made women entrepreneurs and executives as measured by their net worth. The list is in its fourth year.
Kylie, who came into the limelight from her appearances in her family’s television show ‘Keeping up with the Kadarshians’, is worth $900m and is tipped by Forbes to become the youngest billionaire in the world.
Speaking on Kylie’s rise, Forbes wrote, “Another year of growth will make her the youngest self-made billionaire ever, male or female, trumping Mark Zuckerberg, who became a billionaire at age 23.”
Kylie joins other female celebrities, including her sister Kim Kardashian, media mogul Oprah Winfrey, singers Beyonce and Taylor Swift on the list.
Describing Kylie’s business success, Forbes wrote on its website, “Jenner runs one of the hottest makeup companies ever.
“Kylie Cosmetics launched two years ago with a $29 “lip kit” consisting of a matching set of lipstick and lip liner.
“It has sold more than $630 million worth of makeup since, including an estimated $330m in 2017.
“Even using a conservative multiple, and applying our standard 20% discount, Forbes values her company, which has since added other cosmetics like eyeshadow and concealer, at nearly $800m. Jenner owns 100 percent of it.
“Add to that the millions she’s earned from TV programs and endorsing products like Puma shoes and PacSun clothing, and $60m in estimated after-tax dividends she’s taken from her company, and she’s conservatively worth $900m.”
Forbes is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the world’s top companies (the Forbes Global 2000), and The World’s Billionaires.
