Kylie Jennerhas just beat out Mark Zuckerberg and is now considered the youngest billionaire ever.
At the age of 21, Kylie Jenner has dominated the makeup industry and has established herself as a CEO who knows exactly what shes doing.
MELBOURNE, AUSTRALIA NOVEMBER 18: Kylie Jenner adjusts her hair as Kendall Jenner and Kylie Jenner arrive at Chadstone Shopping Centre on November 18, 2015 in Melbourne, Australia. (Photo by Scott Barbour/Getty Images)
Kylie Jenner has reached her ten figure fortune all thanks toKylie Cosmetics.
Over the years, the company has sold millions of dollars in products and since Kylie Jenner owns 100% of it, she is definitely a force to be reckoned with.
Everyone knows that Kylie Jenner has had a successful run of her makeup company.
Since the launch of Kylie Cosmetics in 2015, each new products has sold out in the snap of afinger.
For three years, products were only made available exclusively on or for a limited time in pop-up shops.
That all changed a few months ago when Kylie Jenner announced she was partnering with the beauty retailer, Ulta, to exclusively distribute her products.
Its true! Were excited to confirm @kyliecosmetics will exclusively be coming to all Ulta Beauty locations and online this holiday season. Stay tuned for details!
A post shared byUlta Beauty(@ultabeauty) onAug 30, 2018 at 1:29pm PDT
Kylie Cosmetics $29 lip kits were sold in $1,000 Ulta stores nationwide and brought up the companys revenue substantially.
Over the past few months, Kylie Cosmetics has sold $54.5 million worth of product in Ulta stores alone.
Combined with the sales in stores and online, Kylie Cosmetics ended 2018 witha revenuetotaling $360 million.
Forbes has concluded that with Kylie Cosmetics being worth a little more than $900 million (that Jenner owns 100% of) added to Kylie Jenners endorsement deals and her salary fromKeeping Up With The Kardashians, the makeup mogul currently has an estimated fortune of $1 billion.
Kylie Jenner is now the youngest self-made billionaire in the world. A spot that was once donned by Mark Zuckerberg who hit the mark when he was 23-years-old.
Kylie Jenner has her makeup company to thank for all the success she has seen over the years and credits social media for its part in the companys fortune.
SETTING POWDERS by @kyliecosmetics launching March 7th
A post shared byKylie(@kyliejenner) onFeb 28, 2019 at 5:27pm PST
With more than 128 million Instagram followers, Kylie Jenner has been able to save money on advertising and just introduce new products on social media to her makeup loving fans.
Its the power of social media, Jenner said. I had such a strong reach before I was able to start anything.
Now that Kylie Jenner is considered a billionaire, that makes her the richest member of the Kardashian-Jenner family.
Right behind Jenner is older sister, Kim Kardashian West, who has an estimated net worth of $350 million.
Even though Kylie Jenner still considers herself to be self-made since she claims her parents cut her off at 15-years-old, many believe that she should not be able to hold that title.
My parents told me I needed to make my own money, its time to learn how to save and spend your own money, stuff like thatWhat Im trying to say is I did have a platform, but none of my money is inherited, Jenner explained.
Many feel as though Jenner should not be considered self-made since she was born into a famous and wealthy family.
No matter Kylie Jenners famous background, she was still able to build an empire from the ground up and now owns one of the biggest makeup companies to date.