Kylie Jenner is Forbes youngest self-made billionaire ever

Reality TV star Kylie Jenner is on track to become the youngest self-made billionaire in the United States thanks to the booming cosmetics company she launched two years ago, Forbes magazine reported on Wednesday.

Jenner, 20, half-sister of Kim, Khloe and Kourtney Kardashian, debuted Kylie Cosmetics in 2016 with $29 lip kits containing matching lipstick and lip liner and has since sold more than $630 million worth of makeup. Forbes said it valued her company at nearly $800 million and that Jenner owns 100 per cent of it.

On Wednesday she posted her Forbes cover photo on Instagram with a caption that read “wow. i can’t believe I’m posting my very own @forbes cover.”

Adding millions from TV programs, endorsements and after-tax dividends from her company, Forbes said Jenner was “conservatively” worth $900 million. Another year of growth would make her the youngest-self made billionaire ever, male or female, the magazine said.

Jenner first grabbed the spotlight as part of the “Keeping Up with the Kardashians” reality TV show with her mother and siblings. Forbes estimated that Kim Kardashian, who has her own cosmetics, clothing and mobile games lines, is worth $350 million.

In an interview with Forbes, Jenner credited social media for helping drive her success.

“Social media is an amazing platform,” she said. “I have such easy access to my fans and my customers.”

The youngest sibling of the Kardashian-Jenner has a massive following of 110 million on Instagram.

Kylie started the company due to her own insecurities over her lips which she wanted to change with lip-fillers. Now, her company includes lip products that are designed to help customers seem to have bigger lips with the help of filling and over-lining.

Comments

Emma Thompson: I was always paid less than my male counterparts

Emma Thompson says she was always paid less than her male colleagues. The 59-year-old actor-writer said women are still treated as “second-class citizens”. She also advocated to publish salaries to reveal the gender pay gap. “I was always paid less than my male counterparts. Publishing figures is the first step. “It’s a forensic way of looking at how women are second-class citizens, and I appreciate that because it’s not emotional. This is the fact: this person does the same work for less money, and that’s just wrong,” Thompson told Good Housekeeping magazine. Play Video 42s Hamleys unveil Harry Potter-themed floor Hamleys toy shop on Regent Street in London unveils a new Harry Potter floor showcasing toys inspired by JK Rowling's books and films. The Oscar-winning star urged women to be financially independent. “Earn your own living and keep your own money. It’s your cash and you should always decide what to do with it,” she said. Emma Tho...

Cate Blanchett named first global ambassador of Giorgio Armani Beauty

Cate Blanchett has been named as Giorgio Armani Beauty’s first global ambassador. The Australian actress has worked with the Italian brand since 2013, when she was selected to front its Si fragrance line. However, her role has now been expanded, and she will now represent every single one of Armani’s beauty categories, including skincare and make-up. And according to the label’s namesake designer, Giorgio Armani , the Oscar winner is the perfect woman to take on the additional responsibilities. “Luminous and sophisticated, her natural elegance and distinguished beauty are striking,” the 83-year-old declared in a statement. “I am pleased to deepen our longstanding relationship.” Cate has enjoyed a lengthy professional relationship with the brand, and as well as advertising its iconic perfume, she has worn gowns by Armani to numerous high-profile events, including several Academy Award ceremonies. The 49-year-old previously confessed tha...

Bobby Deol was the ‘it boy’ of the 90s but will his comeback still hold that charm?

With his curly hair, bobbling head and round sunglasses, we still think of “ Duniya Haseeno Ka Mela ” when we think of Bobby Deol. After a string of popular films like Gupt and Soldier among others, Bobby made quite a name for himself in the 90s. Bobby was never known for his acting chops. What he was known for was his swag, even though the word did not exist back in the day. His undeniable charisma and those long wavy hair made him stand out in the crowd. The 90s were a much simpler time. Words like nepotism weren’t thrown around before a star kid’s debut and hence, Bobby Deol was proudly known as Dharmendra ’s younger son. His older brother Sunny Deol was already the dhai -kilo-ka-haath man and here was Bobby, trying to make googly eyes at the ladies. It was expected that with Bobby entering the world of movies, this family would turn into a crackling team. Gupt, one of the rare Hindi films that really holds your attention till the end, was quite a hit...

GlamorWood

Search This Blog