Kylie Jenner, American reality television personality, model, entrepreneur, socialite, and social media personality has been named the youngest self-made billionaire of all time by an international magazine. As per an article in the magazine, the entrepreneur's thriving cosmetic brand, Kylie cosmetics, founded three years ago was one of the main contributing factors behind her mammoth success.
Kylie's induction into the list of billionaires comes after she launched her make-up line in 2015 and her lip-kits became a rage all over the world. Her cosmetic brand instantly became every teenage girl's obsession. The magazine states that the 21-year-old is the youngest ever self-made billionaire. The fashionista also managed to beat Facebook CEO Mark Zuckerberg, who was 23 when he set the benchmark.
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Kylie Cosmetics sold merchandise worth $508 million in the past year. Kylie, who is also the half-sister of reality television personalities Kim, Khloe and Kourtney Kardashian, has 100 percent stakes in the company. The report further added that her company has minimal overhead costs with only seven full-time employees and five part-time ones. The manufacturing and packaging are outsourced to Seed Beauty.
Brand endorsements and television appearances like Keeping Up with the Kardashians bring in more revenues for Kylie. Kylie also revealed in a recent interview that she wanted to expand her brand and add more number of cosmetics in the line. Well, more power to you, girl!
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