Kylie Jenner Officially Becomes World’s Youngest Billionaire, Surpassing Mark Zuckerberg

Kylie JennerPhoto Credit: Shutterstock

As of March 5th, 2019, it’s been announced that Kylie Jenner—the youngest member of the Kar-Jenner clan and beauty mogul—has surpassed Facebook Co-Founder and CEO Mark Zuckerberg, officially becoming the world’s youngest billionaire with her company, Kylie Cosmetics. The milestone is significant in many ways—one being that she’s only 21 years of age (Zuckerberg was 23), and another, that she’s a self-made female billionaire.

Jenner made headlines over the summer when she graced the cover of the acclaimed Forbes magazine, which announced why she’s a Self-Made Billionaire—majorly due to the fact that Jenner is the sole investor in her massive cosmetics company. At the time, Jenner had a net worth of close to $900 million, projected to reach the $1 billion milestone within the near future. And she has finally done so—and in a very timely fashion, as March 8th marks International Women’s Day.

 

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Jenner credits much of her success to the power of social media, which she exclusively shared with Forbes. Jenner is one of the most followed people on Instagram, boasting 128 million followers (closely behind her sister Kim with 129 million), Selena Gomez with 146 million, Ariana Grande with 147 million and Cristiano Ronaldo with 156 million. Jenner utilizes her mighty following to promote her cosmetics line on a daily basis, posting color swatches and teasing new releases—which continuously results in her lines selling out almost immediately.

The quick jump in the company’s net profit was majorly fueled by her partnership with the beauty conglomerate, Ulta Beauty, which launched an exclusive distribution deal with Kylie Cosmetics in August 2018—Forbes reports that since then, the company revenue climbed 9-percent last year.

In typical Kylie Jenner fashion, the new billionaire celebrated the news last night with close friends and family at her assistant, Victoria Villarroel’s birthday party at a roller rink—enjoying her youth and taking a moment out of the spotlight. We look forward to seeing what the billion-dollar beauty is up to next.

 

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