U.S. socialite Kylie Jenner becomes world's youngest billionaire
00:40, Mar 6, 2019
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She started out by selling $29 lip kits that came with a promise of getting the big-lip pout Jenner became famous for.
Forbes was hotly critiqued for calling Kylie Jenner a soon-to-be "self-made billionaire" back in July, when she was poised to hit the $1 billion mark. "But [the recognition] feels really good".
She nabbed the title from Facebook founder Mark Zuckerberg, who was the previous holder of the major milestone at 23. "That's a nice pat on the back".
Forbes put 2,153 billionaires on its 2019 list, down from 2,208 in 2018, and said their total combined net worth was $8.7 trillion, down from $9.1 trillion in 2018.
The young star owns a 100 percent stake in her brand and even has separate income from endorsements and her family's reality TV show as well as an impressive portfolio of real estate.
We bring you the latest celebrity news about Justin Bieber, Kylie Jenner, Selena Gomez, Kardashians, and much more, every day. But there were more billionaires in the Americas, led by more capital in the United States and Brazil, have more billionaires than the previous year at 609 in the U.S. alone, with 14 of the world's wealthiest billionaires. "I did not foresee the future", she told Forbes. It's worth pointing out, though, that Jenner had an enormous leg up when it came to building, promoting, and scaling her company.
"I had such a huge platform, I had so many followers already and I had so many people watching me", Jenner told PAPER, adding that "the self-made thing is true". The money she's made from the business has helped push her into billionaire status. I see [Kylie Cosmetics] going very far. She mostly runs the company using her iPhone, and if you follow her on Instagram, you will notice that she regularly promote new products from the company.
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