- Forbes released its 2019 list of the world’s billionaires on March 5.
- The list designated Kylie Jenner as the youngest-ever self-made billionaire at 21.
- Her company Kylie Cosmetics is valued at around $900 million.
Forbes released its 2019 list of billionaires on March 5. The list chronicles the wealth of the richest people in the world and breaks them down by demographic, including the youngest billionaires.
This year’s youngest billionaire, and the youngest self-made billionaire ever as of 2019, is none other than Kylie Jenner, at age 21.
Kylie Jenner Net Worth: $1 Billion
Forbes pegs Jenner’s net worth at a cool $1 billion. For comparison, Facebook co-founder Mark Zuckerberg was 23 when he reached a 10-figure fortune. Although she’s the youngest billionaire, Jenner is No. 2,057 on the list of 2,153.
Forbes designated Jenner as one of the youngest self-made billionaires due in no small part to her company, Kylie Cosmetics — which specializes in $29 lip kits — being worth around $900 million. Up until 2018, the company only sold its products online and in pop-up shops. But after signing a distribution deal with Ulta Beauty in 2018, the popular kits are now available in retail stores. Kylie Cosmetics sold $54.5 million in products through Ulta from mid-November 2018 to the end of the year, Forbes reported.
“The beauty of Kylie Cosmetics, which Jenner started in 2015, is its minuscule overhead — and the outsize profits that go straight into Jenner’s pocket,” wrote Natalie Robehmed in a Forbes profile of Jenner.
Other Self-Made Youngest Billionaires
Only three of the eight youngest billionaires on Forbes’ list are self-made, including Kylie Jenner. The other two are John Collison and Evan Spiegel, both 28.
John Collison Net Worth: $2.1B
John Collison’s company Stripe, an alternative payment service, announced it received $245 million in a funding round that valued the company at $20.25 billion. The Harvard dropout also ranked in Forbes’ list of America’s richest entrepreneurs under 40 in 2016.
Evan Spiegel Net Worth: $2.1B
The Snapchat creator become one of the youngest CEOs of a publicly traded company just two years ago at age 26. Snap began trading in March 2017 and opened at $24 per share. Spiegel has ranked in multiple Forbes lists, including the Forbes 400 in 2018 and, like Collison, its roundup of America’s richest entrepreneurs under 40 in 2016.
Read on to find out how much Kylie Jenner’s social media posts are worth.
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