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At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever - Celebrities (5) - Nairaland

Nairaland Forum / Entertainment / Celebrities / At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever (65791 Views)

Egg Beats Kylie Jenner For Most Liked Instagram Photo / Kylie Jenner Becomes Fifth Richest American Celebrity With A Net Worth Of $900m / Namia Roberts: Meet Actress, Model And Producer At 21 (2) (3) (4)

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Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by luwabrooklyn(m): 11:18pm On Mar 05
kay29000:
She ain't self made jare. I am happy for her though, but her mother (Kris) is the brains behind her business. She is definitely the youngest billionaire right now, but self made? Nope. Kim is the real MVP though... She set the ball rolling and the rest leveraged off of her.
if i sew a shirt and lace it with diamonds and forbes worth it 45000 dollars because i own it im worth 45000 dollars extra on paper but in reality it depends on the buyer
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by madgoat(m): 11:27pm On Mar 05
kay29000:
She ain't self made jare. I am happy for her though, but her mother (Kris) is the brains behind her business. She is definitely the youngest billionaire right now, but self made? Nope. Kim is the real MVP though... She set the ball rolling and the rest leveraged off of her.

Just like those lazy Linda Ikeji's siblings grin

2 Likes

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by sherylbakky: 11:34pm On Mar 05
Gerard27:
"Money made" billionaire not "self made"..
For Christ's sake this girl was born into money
Yes oooo, guess Forbes need a dictionary dear
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by OpinionCounts(m): 11:44pm On Mar 05
If only you guys knew the truth behind the massive wealth of the kardashian family, you will not envy them....
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by Fvcknames: 11:45pm On Mar 05
Mariangeles:
Wow!
She made lemonade with her lemon .
She never had lemons
She had the lemonade from the beginning, she just added ice

5 Likes 2 Shares

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by Sirmuel1(m): 11:47pm On Mar 05
OpinionCounts:
If only you guys knew the truth behind the massive wealth of the kardashian family, you will not envy them....

Tell us na cheesy
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by jojothaiv(m): 11:49pm On Mar 05
freemanbubble:
See her snake print dresses
My love for python knows no bound
My Man!!!
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by jojothaiv(m): 11:50pm On Mar 05
OpinionCounts:
If only you guys knew the truth behind the massive wealth of the kardashian family, you will not envy them....
Noted.

"You can only make wine with the grape that you have"
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by sherylbakky: 12:18am On Mar 06
Kinjikitile:

Is she one of the Kardashians =??
We can say yes...They ar half-siblings, very close half-siblings

1 Like

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by jamesbonded: 12:22am On Mar 06
NoFace101:
i disagree she can't make billions through cosmetic

Na another level (luxury items).
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by bjjose: 1:44am On Mar 06
All say Ray J
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by hablink: 3:40am On Mar 06
Innoxxacs:
its a self development book I downloaded off the internet seriously can't remember the name but written by a woman
okay man, I would love to read the book. If you could dig in and search for it from your library or collections, or remember the name of the author...
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by mriyesecnerwal(m): 5:53am On Mar 06
This gyal is phone damn
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by Mrkumareze(m): 6:52am On Mar 06
freemanbubble:
See her snake print dresses

My love for python knows no bound

Are you related to lala
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by sirusX(m): 7:11am On Mar 06
She has millions of massive following on social media...so they buy up whatever she sells

That's quite a feat to pull off

3 Likes

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by sly3(m): 7:12am On Mar 06
Sakamaje:
This life sef. While some are working their butts off just to make ends meet, someone is becoming a billionaire at age 21 for doing .....

My guy, work with your brains and not your butts.

Almost anyone could do what your doing with your butts, only few have the luxury of a working brain.

Appreciate other peoples' success and you may succeed.
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by akaahs(m): 7:49am On Mar 06
NoFace101:
i disagree she can't make billions through cosmetic
Go and ask your girlfriend or wife as the case may be, how much they spend on cosmetic .
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by readone2018(m): 8:02am On Mar 06
JeffSiberstein:
“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.

The beauty of Kylie Cosmetics, which Jenner started in 2015, is its minuscule overhead—and the outsize profits that go straight into Jenner’s pocket. Her empire consists of just seven full-time and five part-time employees. Manufacturing and packaging is outsourced to Seed Beauty, a private-label producer in nearby Oxnard, California. Sales and fulfillment are handled by online merchant Shopify. Her shrewd mother, Kris, takes care of finance and PR in exchange for the 10% management fee she siphons from all of her kids. Marketing is done mostly through social media, where Jenner has a massive following. She announces product launches, previews new items and announces the Kylie Cosmetics shades she’s wearing directly to the 175 million-plus who follow her across Snapchat, Instagram, Facebook and Twitter.

“It’s the power of social media,” Jenner says. “I had such a strong reach before I was able to start anything.”


Fueled in part by the Ulta expansion, Kylie Cosmetics’ revenue climbed 9% last year to an estimated $360 million. With that kind of growth, and even using a conservative multiple from the booming makeup industry, Forbes estimates Jenner’s company is worth at least $900 million. She owns all of it. Add in the cash Jenner has already pulled from the profitable business, and the 21-year-old is now a billionaire, with an estimated fortune of $1 billion. She’s the youngest-ever self-made billionaire, reaching a ten-figure fortune at a younger age than even Mark Zuckerberg of Facebook (who was 23 when he hit that mark).


https://www.forbes.com/sites/natalierobehmed/2019/03/05/kylie-jenner-21-is-now-the--youngest-self-made-billionaire-ever/#3051ae335adb



Wow... .. http://www.gbextra.com.ng
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by Sakamaje: 8:02am On Mar 06
sly3:


My guy, work with your brains and not your butts.

Almost anyone could do what your doing with your butts, only few have the luxury of a working brain.

Appreciate other peoples' success and you may succeed.

Shut up abeg. I wasn't beefing the lady. Just saying how life can reward efforts differently. You wey dey talk, she old pass you? Are you not hardworking? Are you a billionaire like her?
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by lekbel09: 8:14am On Mar 06
Some people will go to her Instagram page and be like please I have not paid my school fees my name is chukwudi .send me 60k ACC no:075444486 gtbank .thanks and God bless

1 Like

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by lekbel09: 8:18am On Mar 06
gypsey:
The youngest billionaire? And she is not even Praying, Worshipping The useless Jesus, paying thithes, sowing seeds or donating to crooked pastors.


All those African Gullibles shouting, Crying and banging their Heads in Churches Hoping that Some noneexistence God will bless them overnight with billions by paying thithes I pity you goons. grin
must you show your hopelessness every time abi shey Na Jesus say make your life dey useless? Y not go and jump inside lagoon

2 Likes

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by IkpuMmadu: 8:21am On Mar 06
LordAdam16:


Oga read before you comment!



Since no one decided to enlighten you, I'd do you the honors in simple verbiage.

Her company made $360m last year with only 7 full time and 5 part time employees. To put that in perspective, HTC made $770m last year with over 3000 employees.

She sub-contracts manufacturing and packaging to another company. So she has very little overhead; compensation for staff is less than $1.5m; no multiple offices or stores and attendant cost. After covering salary, paying her private label, and giving her mom 10%, she'd net at least 50% in pure profits.

To put that in perspective, Apple's net profit margin hovers around 20-25%. As such, going by her remarkable financials by any conservative estimate, the current value of her company is at least $900m. Put simply, anyone looking to buy the company would have to shell $900m. She owns the company outright (100%), so she'd get every penny of that $900m.

Add her cash/stock holdings from earnings in the past 3 years plus revenue from other sources, and she's worth at least $1b.

And no, this is not magic. It's how Wall Street and money works.

Fun Fact: The richest woman in the world also owns a cosmetics company--L'Oreal. Her name is Françoise Bettencourt Meyers (her late mother built the company) and she's worth $50b. So the sky is Kylie's limit if she doesn't rest on her oars.

-Lord


He should pay you for this business master class! Why don't you allow him to swim in ignorance? Ignorance is bliss you know

1 Like

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by gypsey(m): 9:09am On Mar 06
lekbel09:
must you show your hopelessness every time abi shey Na Jesus say make your life dey useless? Y not go and jump inside lagoon
Is this Rubbish supposed to make sense?
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by Crosstown(m): 9:21am On Mar 06
Menh such life. . She must be proud of herself. But? God over everything?
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by stanliwise(m): 9:35am On Mar 06
gypsey:
The youngest billionaire? And she is not even Praying, Worshipping The useless Jesus, paying thithes, sowing seeds or donating to crooked pastors.


All those African Gullibles shouting, Crying and banging their Heads in Churches Hoping that Some noneexistence God will bless them overnight with billions by paying thithes I pity you goons. grin
In other words what are you trying to say??
Note: speak like a gentleman unless don't expect a reply...!!
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by chichigal(f): 10:02am On Mar 06
whats d meanig of MVP?
kay29000:
She ain't self made jare. I am happy for her though, but her mother (Kris) is the brains behind her business. She is definitely the youngest billionaire right now, but self made? Nope. Kim is the real MVP though... She set the ball rolling and the rest leveraged off of her.
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by kay29000(m): 10:06am On Mar 06
chichigal:
whats d meanig of MVP?

Most Valuable Player. Kim is the most valuable player on the Kardashian team.
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by drisham(m): 10:33am On Mar 06
this Travis Scott baby mama??
so the kardarshians have produced a billlionai
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by drisham(m): 10:33am On Mar 06
this Travis Scott baby mama??
so the kardarshians have produced a billionaire... good one kylie
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by Ayobami7(m): 10:35am On Mar 06
Wow

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