Kylie Jenner is now the youngest billionaire
03.9.2019 / News author: Dima
According to Oppenheimer estimates, Kylie Cosmetics sold $ 54.5 million worth of products to Ulta over the next six weeks. "I went to a few stores, I used my usual social media. I did what I usually do, and it worked, "she says.
Fueled in part by the extension of Ulta, Kylie Cosmetics' revenue grew by 9% last year to $ 360 million. With this type of growth, and even using a conservative multiple in the growing makeup industry, Forbes estimates that Jenner's company is worth at least $ 900 million. She has all this. Add to that the money that Jenner has already drawn from the profitable business, and the 21-year-old is now a billionaire, with a fortune estimated at a billion dollars. She is the youngest billionaire in her history, reaching a ten-figure fortune at a younger age than even Mark Zuckerberg (who was 23 when he hit that mark).
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