Kylie Jenner on track to beat Mark Zuckerberg as the youngest billionaire
Jenner is said to supersede Mark Zuckerberg’s record to become the youngest-ever self-made billionaire
It’s sure getting tough to keep up with the youngest daughter of the Kardashian clan. The ‘Keeping Up With The Kardashian’ star Kylie Jenner is set to supersede Mark Zuckerberg’s record to become the youngest-ever self-made billionaire. On Wednesday, Jenner was featured in Forbes issue as one of America’s Women Billionaires. Since the girl is just out of her teens, it is indeed an impressive achievement.
Us mere humans were barely graduating college at 20 and Kylie Jenner has managed to amass billions of dollars with her business ventures.
Forbes reported the 20-year-old has sold more than $630 million worth of makeup from her brand Kylie Cosmetics since its launch and has acquired more than $800 million in less than three years of its inception. Which is quite impressive feat considering Jenner owns 100% of the business. The rest of the millions was acquired through her stint in reality show and social media endorsements. If we had over 100 million Instagram followers like Kylie, we probably would've hauled a hefty payday. Kylie has quite the sway with her followers, who follow her every move with bated breath. It’s any wonder her every post drags in hundreds of thousands of dollars with just a tap of a finger.
The reality star told Forbes that she invested the initial capital for her cosmetics that she had acquired through modeling gigs in 2015. She paid an outside company to produce 15,000 of her revered lip kits that morphed into a cosmetic line, eventually taking the world by storm.
"I said, 'I'm ready to put up my own money. I don't want to do it with anyone else, Before I even refreshed the page, everything was sold out," Jenner said.
Since her debut in the reality show, Kylie's sucess hasn’t dwindled into oblivion, as she might just be the person to beat Mark Zuckerberg, who at 23 was the youngest billionaire to grace the cover of Forbes. At the rate the reality star is expanding her ventures, Kylie might just surpass Zuckerberg and join the likes of self made youngest billionaires.
Her claim to the title, might just have to wait a bit, since it was reported by Forbes ,that her business has seen a decline in revenue despite adding more products to her cosmetic line. We’re not too worried about her prospects of acquiring those billions, as the reality star has copious deals under her belt that will soon pivot her into the youngest billionaires club.