Forbes on Tuesday named American socialite Kylie Jenner the youngest self made billionaire on the Forbes list.
The youngest Kardashian family member is making her fortune from her best-selling cosmetics business.
The 21-year-old founded and owns Kylie Cosmetics, the three-year-old beauty business that generated an estimated $360m in sales last year.
Fueled in part by the signing of distribution deal with 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’s the youngest-ever self-made billionaire, reaching a ten-figure fortune at a younger age than even Mark Zuckerberg (who was 23 when he hit that mark)