Kylie Jenner Is Officially The World’s Youngest Billionaire

06 March, 2019, 14:38 | Author: Kenneth Collins
  • TV personality Kylie Jenner attends the 2018 MTV Video Music Awards at Radio City Music Hall on Aug 20 2018 in New York City

The mag also termed her as the world's youngest billionaire.

Forbes magazine announced the billionaires of 2019 on March 5, and seeing Kylie Jenner's name on the list made every KarJenner sister smile.

"It's the power of social media", Jenner told Forbes, which notes that she has more than 175 million followers across Instagram, Snapchat, Facebook and Twitter.

21-year-old reality TV star Kylie Jenner is now worth $1 billion, thanks to a cosmetic company she founded three years ago.

The richest person in the world remained Amazon.com Inc (AMZN.O) Chief Executive Officer Jeff Bezos, whose net worth increased to $131 billion from $112 billion in 2018, according to Forbes.

Numerous 2000+ billionaires on this year's list are from inherited wealth, like #17: Alice Walton, one of the three heirs to the Walmart fortune. "She grew up in a wealthy, famous family. Jenner was ranked at number 2,057 on this year's list". Much of it is driven through social media.

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The bulk of Jenner's fortune comes from Kylie Cosmetics, which she started in 2015.

After the Kardashian drama surrounding Khloe, her ex Tristan Thompson and Jordyn Woods, fans were left fearing for Kylie Jenner's relationship with Travis Scott, the father of her daughter, Stormi, after rumours emerged the lip kit queen found some suspicious messages in his DMs. Her mom, Kris Jenner, helped build her business.

Its success is also down to a new deal with American beauty chain Ulta, which sells Jenner's products throughout its 1,163 stores. "I did not foresee the future", Jenner says about how well her makeup line has done. Her company's net worth is at least $900 million.

Last July, she made headlines (and caused a slight controversy) when she appeared on the magazine's cover.

Just seven months into her tenure as a legal adult, Kylie Jenner has added a fun new title to a list that already includes age-defying labels like mom and business owner: billionaire.

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