Yesterday Forbes writes an article on Kylie Jenner that she is become the youngest billionaire with net worth $1 Billion replacing Mark Zuckerberg who was 23 when he hit that mark while Kylie is just 21 years old. For the past three years, Her Kylie Cosmetics sold products worth more than millions of dollars. After singing an exclusive distribution deal with Ulta, the beauty retailer. Her brand was rolling its $29 lip kits – a matte liquid lipstick and matching lip liner made available into Ulta’s 1.000 plus stores. And Jenner showed up to the Richmond Avenue Ulta in Houston to greet customers, sign autographs on lip kits and pose for selfies with her fans.
After that in the next six weeks Kylie Cosmetics sold $54.5 million worth of products in Ulta. She says “I popped up at a few stores, I did my usual social media—I did what I usually do, and it just worked.”
Kylie Cosmetics revenue went high 9% last year to an estimated $360 million. With that kind of growth, Forbes estimated that her company is worth at least $900 million. “I didn’t expect anything. I did not foresee the future,” says Jenner, who is the youngest billionaire in the world. “But the recognition feels really good. That’s a nice pat on the back.”