The US business magazine Forbes named young entrepreneur Kylie Jenner the youngest billionaire last year. Now Forbes has doubts about the wealth of the famous sister of the Jenner-Kardashian family clan, but the 22 year-old is resisting.
In contrast to many celebrities, the young entrepreneur has made her fortune with her own hands. At 21, Kylie Jenner is not only a mother to a daughter, but also a child prodigy. The young entrepreneur keeps reinventing herself, discovers gaps in the market and hits the nerve of the times with her opinions. Her unparalleled instinct made Kylie Jenner a net worth of 1 billion dollars today. Last but not least, the lucrative sale of shares in her cosmetics brand brought the capable businesswoman new income of 590 million dollars. Despite the fact that countless luxury houses and a handbag collection worth several homes are already waiting for Kylie Jenner, but she still has not enough. She had two more companies registered with the US Patent until 2020. While Kylie will be dedicated to the implementation and running of events, exhibitions and interactive experiences, the Kylie Museum will provide exciting insights into her own cosmetics company in the future.
The Cosmetics Made Kylie Rich
Kylie Jenner founded her cosmetics company Kylie Cosmetics in 2015 at the age of 18. In doing so, she discovered the niche in the market, which has made her fortune to this day, only through a tiny coincidence while filming. Within a very short time the make-up sales of the Mac brand, which Kylie Jenner had been using for years, were sold out and a business opinion was born.
Kylie Jenner Is A Marketing Queen
An advertising deal here, a new business there: Kylie Jenner is great when it comes to marketing and can rely on her around 200 million Instagram followers. What the 22 year-old advertises is bought. This not only generates revenue for her company, but also for her personally. Since 2019 she has actually been a billionaire, because the cosmetics company has secured 51% of the shares in Kylie Cosmetics for an impressive 590 million dollars. After the 590 million dollars are taxed through the 52% share sale, about half remains.
While the young Kylie had previously set records with the launch of her lip kits and other products, the video about the birth of her daughter Stormi caused many views on the internet. The video has already been viewed over 60 million times.