Kylie Jenner has been named
by Forbes magazine as the youngest self-made billionaire ever. She achieved
this feat at just 21 years old.
The young reality TV star
became a business mogul after she launched her cosmetic line which included lip
sticks and lip liners in 2015.
Since its launch, her
products were sold out online in a few minutes and her distribution deal with a
beauty retailer, Ulta, also helped give her products a wider reach in their
over 1000 outlets for customers who would prefer to see and feel the products
before purchasing.
According to Forbes, Kylie
is the youngest person to reach a 10 figure fortune at just 21 surpassing Mark
Zukerberg who achieved the feat at 23.
In reaction to the new
feather in her hat, Kylie revealed that the recognition feels good and it is a
nice pat on her back. She said: “I didn’t expect anything. I did not foresee
the future, but [the recognition] feels really good. That’s a nice pat on the
back.”
Forbes also revealed that
Kylie’s growing empire consists only of seven full-time staff and five
part-time staff while the manufacturing and packaging is outsourced to another
company, Seed Beauty.
Interestingly, Kylie’s
success only helps to further highlight the importance and strength of social
media. Most of her marketing is done on her online platforms. The 21-year-old
has a wide reach on her Snapchat, Instagram, Twitter and Facebook pages and
fans are alerted to new products on her page soon after its release.
Kylie said to Forbes: “It’s
the power of social media. I had such a strong reach before I was able to start
anything.”
However, the title
self-made billionaire has raised a number of criticisms on social media from
people who feel she leveraged on her family’s popularity and fortune and that
she is therefore not self-made.
Dictionary.com even tweeted
the meaning of self-made in order to explain that her success did not come
unaided.
Despite what her detractors
say, this is a great achievement. Congrats to her.
Kylie's fortune might be
growing beyond her expectations and she would most likely have celebrated the
success with her loved ones including her publicised bestfriend, Jordyn Woods,
if they had not fallen out recently.
Legit.ng previously
reported that Jordyn was allegedly in an intimate and compromising situation
with Kylie's older sister, Khloe Kardashian's man, Tristan Thompson.
Khloe and Tristan’s
relationship has been trailed with several controversies. There have been
reports that the basketballer who has been known to cheat on Khloe at different
times might have finally done the worst.
It was gathered that
Tristan was very cosy and intimate with Jordyn at a house party and that she
even left the venue the next morning.
There have also been
reports of Khloe finally calling it quits with Tristan after finding out about
his philandering.
Haven't we gone over this?— Dictionary.com (@Dictionarycom) 5 March 2019
Self-made: Having succeeded in life unaided.https://t.co/g0ZHDSkVfu https://t.co/3O48zKsInN
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