Kylie Jenner’s the kind of girl who can afford to buy herself a Lamborghini and a $1,600 baby stroller, all on the same day. And why not? She’s the world’s youngest “self-made” billionaire. Or at least, that’s what everyone’s calling her! At the sweet age of 21, Kylie has officially hit a huge milestone. But people have a lot to say about the makeup mogul being a “self-made” billionaire. Do you think her family name help pave the road to success?
The Youngest Billionaire
Kar-Jenner fans always suspected that Kylie Jenner was heading towards something big, and honestly, becoming a billionaire someday qualifies as a major accomplishment. Kylie has dominated reality television as well as social media and the cosmetics industry. But the Kylie Cosmetics beauty guru reached a huge milestone and achieved her billionaire status in what seems like a short amount of time.
She’s Raised Her Profile
She may be the youngest Kar-Jenner sister but she’s been in the spotlight since she was a kid. Kylie grew up in a household full of very successful people like her parents, Caitlyn and Kris Jenner, as well as her sisters, who always seem to reach for the stars. But Kylie’s makeup empire and social media influence is at an all-time high. She’s got 128 million followers on Instagram alone. She’s even managed to shine brighter than her other sisters, and she’s only 21. But we’re sure that Kim, Khloe, Kendall, and Kourtney are oh-so proud of their lil sis!
She Dethroned Zuckerberg
She’s even managed to dethrone Facebook co-founder Mark Zuckerberg as the youngest billionaire. Zuckerberg was 23 when he gained the title. Kylie is a one-woman army that runs her own company and spends a lot of time working on her formulas and palettes. Clearly, her entrepreneurial ways paid off. But if you ask Kylie, she never saw it coming. She told Forbes, “I didn’t expect anything. I did not foresee the future”.
The Deal That Changed Everything
Kylie Cosmetics was always successful, but a special deal with Ulta is what finally pushed Kylie over the billion-dollar mark. In case you’ve been living under a rock, Ulta Beauty Inc. is a beauty store chain that sells hair, skincare, and cosmetic products. Not too long ago, Kylie Cosmetics and Ulta Beauty Inc. signed an exclusive deal to sell her products in thousands of stores throughout the nation and the results were unimaginable.
The $900 Million Value
Six weeks after the deal was made, about 54.5 million dollars’ worth of products were sold. According to Forbes, this put Kylie Cosmetics’ value at about $900 million, and since Kylie’s the sole owner, she gets to reap what she sowed.
The Power Of Social Media
Although she claims she didn’t foresee the future or expected anything, Kylie told Forbes that she owes her success to the power of social media. “I had such a strong reach before I was able to start anything.” Clearly, announcing what shade of Kylie Cosmetics she’s wearing to her legion of fans on Twitter, Facebook, Instagram and Snapchat has given her the financial boost she needed to climb to the top. Even Ulta’s senior VP of merchandising Tara Simons was shocked. “It sold out faster than we planned.”
The “Self-Made” Debate
Calling Kylie “self-made” sparked a ton of debate, mainly that it wasn’t true because she had the backing of her family. But while it’s true that her family name has given her a leg up to a certain degree, it was Kylie who put the time and effort that ultimately earned her her billionaire status. And it’s true that she wasn’t on her own. Her mom, Kris does handle PR and finances, but Kylie only has five part-time and seven full-time employees. So while naysayers will throw shade at her accomplishments, Kylie knows better. Her parents told her at 15 that she had to earn her own money and she did. Now her money is all hers, and she had to work day and night to get to where she is.
It’s A Huge Accomplishment
Makeup was something that empowered Kylie and made her feel good about herself. It’s also what turned her into a billionaire and that’s a major achievement for someone so young. Things seem to be going well in her private life as well. She recently had her baby daughter Stormi, who’s the light of her life, and it doesn’t seem like money will ever be an issue either for her or her little girl. But if you follow Kylie on social media, then you already know that she’s thrown Stormi some awesome parties that included theme park rides and huge cakes. She’s even gifted Stormi a $30,000 shoe collection that’s fit for a princess. Clearly, Kylie won’t ever have to borrow money from her parents!
I am Camila – Serial tea drinker. Professional wig snatcher. Content creator and video script writer who may or may not be John Leguizamo’s body double. If you don’t like where you are, move. You’re not a tree.
