Kylie Jenner is now the world's youngest billionaire at 21. The reality TV star and makeup guru made it to Forbes' annual ranking of the world's richest people. Her make-up company, Kylie Cosmetics which she founded in 2015 is now worth $990 million, with Jenner owning 100% stake. At this age, Kylie has also become the youngest self-made billionaire ever. What's interesting is that she has achieved this feat at a younger age than even Facebook founder Mark Zuckerberg who reached the ten-figure mark when he was 23.
Talking about her achievement, Jenner told Forbes, " I didn’t expect anything. I did not foresee the future. But [the recognition] feels really good. That’s a nice pat on the back.” The youngest of the popular Kardashian-Jenner family ranked at number 2,057 on the list of 2,153. Kylie Jenner's Daughter Stormi Webster's 1st Birthday Party Has Left People Feeling Poor! View Pics and Videos From Extravagant Theme Park Celebrations.
Here's Kylie's post introducing her new line of Setting powders:
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Finally! I’m so excited to Introduce NEW Kylie Setting Powders! 6 beautiful shades: Translucent, Soft Pink, Beige, Yellow, Dark and Deep Dark 💗 Velvety, smooth, weightless and gorgeous, our new all over loose powders effortlessly set your makeup, balance oils and provide a natural, skin-like finish. Launching March 7. 🎀 @kyliecosmetics
Kylie Cosmetics consists of just seven full-time and five part-time employees. The products are manufactured and packaged by Seed Beauty, a private-label producer based in California. Sales are handled by online merchant Shopify whereas her resourceful mother, Kris Jenner, is in charge of finance and PR. The popularity of Kylie's products has been such that back in 2015 when she first introduced the lip-kits, they were sold out in no time.
One of the biggest reasons for the success of the company has been Kylie's massive reach on social media. The reality TV star has a following of over 128 million on Instagram. In her latest range of products, Kylie is now set to expand her product range with setting powder, eyeshadows, and bronzers.