She might not be old enough to rent her own car in most states, but Kylie Jenner is officially one of the richest people in her generation, and even in the world. The Keeping Up With the Kardashian star has recently been given the title as the world’s youngest self-made billionaire. And that’s just not for this year, but in the last century, too.
Kylie Kristen Jenner is best known as a television personality and the sister of Kim Kardashian, but she’s also a successful entrepreneur, with her massive makeup and color kit empire. According to Forbes Magazine, Jenner has already reached tycoon status even though she is just 21 years old.
Posing for the announcement, Jenner looked the part of a billionaire, too. She wore a Tom Ford snakeskin blazer worth over $5,000 and matching pants that retail for about $2,000. With her Saint Laurent pumps, jewelry and accessories included, her entire look cost about $10,000.
Jenner’s billionaire status is mostly due to her successful Kylie Cosmetics line. The young businesswoman has 100 percent ownership but says that most of her success is due to good timing and good luck. She also credits her fans and media platforms such as Facebook, Twitter, Instagram and Snapchat for making her the superstar that she is today.
“I didn’t expect anything. I did not foresee the future,” Jenner told Forbes in her interview. “But [the recognition] feels really good. That’s a nice pat on the back. “It’s the power of social media. I had such a strong reach before I was able to start anything.”
Jenner’s 10-figure fortune has also surpassed another young entrepreneur who has used social media to help make him one of the biggest names in popular culture today: Facebook founder Mark Zuckerberg. Jenner is two years younger than Zuckerberg when he reached his billionaire status when he was 23. Today he is one of the richest men in the world.
Forbes estimates that Jenner’s corporation is worth $900 million dollars. Kylie Cosmetics took in about $360 million last year, according to reports. Jenner launched her makeup brand back in 2015. Today, it only has seven full-time employees and five part-time employees with Jenner overseeing the day to day operations.