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Kylie Jenner Becomes The Youngest Self-Made Billionaire Ever

In mid-November, Kylie Jenner marked a milestone moment with a visit to a strip mall. For the past three years, her Kylie Cosmetics had only sold its makeup online and briefly in pop up shops. But after signing an exclusive distribution deal with Ulta, the beauty retailer, Kylie Cosmetics was rolling its $29 lip kits—a matte liquid lipstick and matching lip liner—into Ulta’s 1,000-plus stores. And Jenner showed up to the Richmond Avenue Ulta in Houston to greet customers, sign autographs on lip kits and, of course, pose for selfies with her fans.

Over the next six weeks, Kylie Cosmetics sold $54.5 million worth of products in Ulta, according to estimates from Oppenheimer. “I popped up at a few stores, I did my usual social media—I did what I usually do, and it just worked,” she says.

Fueled in part by the Ulta expansion, Kylie Cosmetics’ revenue climbed 9% last year to an estimated $360 million. With that kind of growth, and even using a conservative multiple from the booming makeup industry, Forbes estimates Jenner’s company is worth at least $900 million. She owns all of it. Add in the cash Jenner has already pulled from the profitable business, and the 21-year-old is now a billionaire, with an estimated fortune of $1 billion. She’s the youngest-ever self-made billionaire, reaching a ten-figure fortune at a younger age than even Mark Zuckerberg (who was 23 when he hit that mark).

“I didn’t expect anything. I did not foresee the future,” says Jenner, who is the youngest billionaire in the world. “But [the recognition] feels really good. That’s a nice pat on the back.”

Read more from Forbes

My view: Kylie looked really good and stylishly corporate on the cover of Forbes. No going naked like her sister Kourtney/Kim Kardashian to announce that she's worlds youngest billionaire. You can now see the reason why Travis Scott quickly deleted his Instagram account, he's the only artist dating or married to world youngest billionaire, so he can't afford to lose his ATM, I hope you have a solid prenup. I think Kylie should sell Kylie cosmetics for $1.5-2billion and start a new one with her daughter's name Stormy. I hope she forgives her friend Jordyn Woods who was there from the beginning when she started her company. The Kardashians/Jenners are experts in changing media story-line/headlines, on Monday it was Kourtney Kardashian going naked to lunch something and now it's Kylie's turn, but hers is a good one.

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