Here's the youngest one in the history of billionaires. As per a Forbes list released on Tuesday, Kylie Jenner has gone on to become the youngest self-made billionaire ever, with a networth of estimated $1 billion. She took away the title from Facebook Ceo Mark Zuckerberg who became a billionaire at the age of 23. It has taken Kylie around four years to take her fortune to this mammoth stature. Last year in August, she had featured on Forbes' annual ranking of the 60 richest self-made women (with Kylie's estimated $900 million assets). How, you ask?
It's her brand Kylie Cosmetics that gave a massive boost to her opulence. Three since it launched, the brand sold its product on the internet and occasional pop-up shops until, in August 2018, Kylie signed an exclusive distribution deal with Ulta. As part of the deal, all Ulta Beauty Locations, as well as the online store, would be selling her products. Over the next six weeks, products worth $54.5 million were sold in Ulta stores. The same year, Kylie Cosmetics saw an upward growth of 9% in its revenue, reports Forbes.
No comments:
Post a Comment