Kylie Jenner becomes youngest self-made billionaire

Kylie Jenner

Kylie Jenner became the youngest person in the world to hit six zero's in her net worth, which calls for a celebration in the KarJenner clan.

Kylie Jenner toppled Mark Zuckerberg who previously held the title for the youngest billionaire after crossing the milestone in 2008 when Facebook became a household brand. Self-made can also mean building a company or establishing a fortune on his or her own, instead of inheriting the fortune.

Kylie Cosmetics' revenue climbed nine per cent to an estimated $500 million AUD previous year.

"I didn't expect anything".

According to Forbes, this strategic move helped Kylie Cosmetics' revenue increase by nine percent in 2018, reaching an estimated $360 million.

Kylie Jenner, at the age of 21, is the CEO of a makeup business that has dominated the cosmetics industry and seems to know exactly what she is doing.

Kendall and Kylie appeared in the E! series as tweens, but their screen time grew as they did. A similar reaction ensued when Forbes selected Jenner to be the cover star for its 2018 list of the country's richest "self-made" women.

Marketing is carried out through social media, primarily dependent on Ms Jenner's enormous following.

She has almost 27 million followers on Twitter and 128 million on Instagram, helping her to promote her products to her key consumer base - her own fans.

Made such by one's own actions, or having achieved success or prominence by one's own efforts. Kylie would be in 2,057th place whether she was self-made or inherited. First, she's from a wealthy family in general and never had to struggle.

Good Morning Britain host Piers Morgan insisted that Jenner is only successful because of her older sister Kim Kardashian's sex tape, which landed their family a reality show and very successful careers.

"It's the power of social media", Ms Jenner told Forbes.

She credits social media - ignoring her powerfully connected lineage. Talking about its staff, it is managed by only 12 employees (five out of whom are part-time) and most of her products are outsourced.

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