Kylie Jenner is the world's youngest billionaire for the second year in a row
Reality TV star and Tsarina makeup Kylie Jenner He becomes the world's youngest self-made billionaire for the second year in a row.
Forbes released the annual list of billionaires in the world, and Jenner remains the youngest self-made billionaire.
Jenner first hit the list of billionaires in March 2019, then further consolidated her place in November, when she agreed to sell 51 percent of her Kylie Giant beauty cosmetics Coty Inc . for $ 600 million.
The deal, which closed in January, values your business at approximately $ 1.2 billion. Cash from the sale and his remaining 49 percent stake in the company make Jenner one of 2,095 people in the world with a ten-digit fortune, the source reports.
I didn't expect anything. He didn't foresee the future, Jenner had previously told Forbes, adding: But (the acknowledgment) feels really good. That's a good pat on the back.
Jenner started her cosmetics empire in 2014. She turned her social media following into a dedicated customer base by using about $ 250,000 of modeling earnings to pay an outside company to produce Kylie -branded lip kits - $ 29 packages of lipstick with matching lip liner. The first batch of 15,000 lip kits sold out within the first minute. She soon expanded, releasing 500,000 kits in six shades a few months later.