Well that didn't take long! Less than a year after Kylie Jenner's beaming net worth of $900 million was announced by Forbes in July 2018, the beauty mogul has officially made it into the billionaire's club as of March 5, 2019. This achievement makes her "the youngest self-made billionaire ever." Scroll through for all the details.
According the Forbes, it was Kylie Cosmetic's partnership with Ulta Beauty stores which gave the 21-year-old the final push towards being the youngest billionaire of all time.
In November 2018, the reality TV star launched her products in over a 1000 Ulta stores and within six weeks the brand "sold $54.5 million worth of products according to estimates from Oppenheimer."
Kylie told Forbes, “I popped up at a few stores, I did my usual social media—I did what I usually do, and it just worked.”
As previously stated, the star very rarely pays for any traditional advertising due to her social media reach. Forbes said, "She announces product launches, previews new items and announces the Kylie Cosmetics shades she’s wearing directly to the 175 million-plus who follow her across Snapchat, Instagram, Facebook and Twitter."
"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)," the publication wrote.
“I didn’t expect anything. I did not foresee the future,” Kylie said. “But the recognition feels really good. That’s a nice pat on the back.”
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