Youngest Billionaire At The Age 21

As per the annual ranking of Forbes, 2019, Kylie Jenner became the youngest Self-made Billionaire, at the age of 21, beating Facebook founder Mark Zuckerburg, who became a billionaire at age 23. She has the net worth of 100 Crores in US Dollars.

Kylie was born on August 10, 1997, in LA, California. She came on air for the very first time on America’s reality show ‘Keeping Up with the Kardarshians with her mother and sisters, when she was 9 years old. Her mother, Kristine Marry Jenner was the famous TV personality and model. Father, Caitlyn Jenner was the winner in Decathlon Summer Olympics. In this way, she was lucky enough to come into the limelight at a younger age only. Later, on moving forward she converted this luck into her strength.

Born in the family of business tycoons, when Kylie was listed in the ‘Self-made Billionaires’, it was but natural for the people to ask how she became self-made? She has got everything from her family, which she used for fulfilling her desires. She answered for this in interviews, she said: “When she was 15 years old, her family had stopped giving any kind of financial assistance to her.” Her parents had clearly said to her that it is the time you learn to earn for yourself and spend. At that time she was having the name and fame given by her family, but she had no money at all.The only thing she had was her followers on social media.

In the year 2015, Kylie launched her own brand ‘KylieCosmetics’ and started the business. The popular cosmetics brand includes products like her famous Lip-kits, Kylighters and eyeshadow palettes that consistently sell out within minutes, and, within the first 18 months of the brand’s launch, Kylie racked in a staggering in $420 million in retail sales alone. According to Kylie, the secret for her success is the internet and social media. She has more than 17.5 crore followers on Instagram, Facebook, Twitter, and Snapchat. She says that she has recognized the power of the internet and used it in the right place.

How Kylie manages her business?
It is a bit surprising to know that there are only seven employees in KylieCosmetics Company. There are 7 full-time employees and 5 part-time employees in her company. She outsources all the work of manufacturing and packaging. Sales work is also done by an online company. All the work of marketing and branding is done by Kylie herself online.