So it’s official. Kylie Jenner has been named by Forbes as the Youngest Self-made Billionaire on earth! Such an achievement at a mere age of 21 is surely awe-inspiring.
Till now, this esteemed title was held by Facebook Founder & CEO, Mark Zuckerberg who achieved this feat at the age of 23. But after Kylie Cosmetics sore to new heights, Kylie Jenner became the 21-YO World’ Youngest Self-made Billionaire.
About Kylie And Her Business
Kylie Jenner is a popular American reality TV star, model, social media influencer and cosmetics entrepreneur. Jenner belongs to the Kardashian clan popular for relity shows like Keeping Up with the Kardashians.
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She has strong social-media presence with more than 128 Million followers on Instagram and over 26 Million followers on Twitter.
Kylie Jenner was very insecure about her lip-size. She revealed it in an interview. Jenner sold her first cosmetic product, Kylie Lip Kits, after signing a contract with Seed Beauty. Later in 2015, her mother Kris Jenner inspired Kylie to shift towards Shopify based e-business.
She rebranded her company as Kylie Cosmetics. Forbes estimates Jenner’s company is worth at least $900 million. And she is 100% shareholder of the company. Kylie Cosmetics’ revenue jumped 9% last year to an estimated $360 million.
She is more of a marketing genius than an entrepreneur. As evident from her strong social media following, Kylie can actually make any product go viral. That’s all she did with Kylie Cosmetics too. A major part of her company operates from her iPhone.
Is She Really Self-Made Billionaire?
Mark Zuckerberg was a brilliant minded coder. He belonged to not-so-rich family. If you see his Harvard University acceptance video, you would realize that he was really desperate to get into Harvard. A brilliant kid belonging to an average American family.
Looking through various dictionaries, we found that self-made is something which is done unaided. Many people argue that Kylie made initial money from modelling and established the whole company on her own.
But little do they think that Kylie Jenner belongs to the wildly popular Kardashian Family. She already enjoyed a successful modelling and acting career with enormous social media following. The cosmetics segment just boosted her income manifolds.
She is not a great entrepreneur, something which you expect from every self-made billionaire. But she is surely a marketing genius and her social presence boosts her reach.
You are intelligent enough to understand my reasoning. Hope you got the point!