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

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BBNaija's Angel Smith Lists Her Achievements At 21 / Youngest Self-made Billionaire Kylie Jenner Shows Off New Rolls-Royce Phantom / Namia Roberts: Meet Actress, Model And Producer At 21 (2) (3) (4)

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At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by JeffSiberstein: 2:43pm On Mar 05, 2019
“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

72 Likes 13 Shares

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by Immaculatesnow(m): 4:09pm On Mar 05, 2019
grin I'm here to cause havoc cheesy but dang she is a hot young billionaire

I need a verified Nigerian Adsense to buy asap

23 Likes 1 Share

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by NoFace101: 4:27pm On Mar 05, 2019
i disagree she can't make billions through cosmetic

50 Likes 5 Shares

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by LordAdam16: 4:42pm On Mar 05, 2019
NoFace101:
i disagree she can't make billions through cosmetic

Oga read before you comment!

NoFace101:
ok.

what's your point

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

332 Likes 17 Shares

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by NoFace101: 4:56pm On Mar 05, 2019
LordAdam16:


Oga read before you comment!

-Lord
ok.

what's your point

51 Likes 3 Shares

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by bobobabate(m): 5:10pm On Mar 05, 2019
God is wonderful

6 Likes 1 Share

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by Dacronym(m): 6:04pm On Mar 05, 2019
NLers
Even If I Can't Make Up to 1B dollars abeg Make Una Support my Hustle #supportnaija #growthenaira
I sell Customised Soccer Jerseys 10K Only Per Jersey

25 Likes 5 Shares

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by kay29000(m): 8:44pm On Mar 05, 2019
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.

122 Likes 2 Shares

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by oluwasegun007(m): 8:44pm On Mar 05, 2019
Corporate olosho... I envy u small

2 Likes 1 Share

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by lawman88(m): 8:45pm On Mar 05, 2019
Hmmm

2 Likes

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by Mariangeles(f): 8:45pm On Mar 05, 2019
Wow!
She made lemonade with her lemon .

2 Likes 1 Share

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by Innoxxacs: 8:46pm On Mar 05, 2019
NoFace101:
i disagree she can't make billions through cosmetic
open your eyes!!! The only limitations you have... is in your mind. I once read in a book "the easiest way to be a millionaire is to sell a 'naire' to a million people"

What if you sold 1,000 'naires' to 1million people boom you're a billionaire.
Come to think of it...she has a whooping 175 million (potential 'naires') followers.... She's just starting

jot that down

68 Likes 7 Shares

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by tollytexy(m): 8:46pm On Mar 05, 2019
she didn't work for it.. it was donated to her in order for a record to be SET as the youngest Billionaire in the world.. check link

https://www.businessinsider.com/kylie-jenner-gofundme-fans-crowdfunding-billionaire-2018-7?IR=T

6 Likes

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by freemanbubble: 8:46pm On Mar 05, 2019
See her snake print dresses

My love for python knows no bound

3 Likes

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by Nobody: 8:46pm On Mar 05, 2019
Fake, I was a billionaire at the age of 19
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by BEENUEL(m): 8:46pm On Mar 05, 2019
I'm overtaking that man from Kano.

Screenshot this ehn
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by Lordjb: 8:46pm On Mar 05, 2019
Nice one
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by MorataFC: 8:46pm On Mar 05, 2019
Cool

1 Like

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by Lordjb: 8:46pm On Mar 05, 2019
Nice one �
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by Sakamaje: 8:47pm On Mar 05, 2019
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 .....

43 Likes 3 Shares

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by Latidoh1: 8:47pm On Mar 05, 2019
She don finally reach

2 Likes

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by BlueAir: 8:48pm On Mar 05, 2019
lawman88:
Hmmm
it's called atikuphor speech, sir
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by Nobody: 8:49pm On Mar 05, 2019
good

4 Likes

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by dante0147: 8:49pm On Mar 05, 2019
NoFace101:
i disagree she can't make billions through cosmetic

Sharap there Ki lo mo de mo.. Ko sun ko ji ko jeun!

3 Likes 1 Share

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by zinosleek(m): 8:49pm On Mar 05, 2019
NoFace101:
i disagree she can't make billions through cosmetic

No use Nigeria mentality take judge these abroad chicks. No be Nigeria when person go tell u say she made her money acting n u never see her for one movie.

She is a top models with millions of follows that worship her. If she sells a product for 2 dollars and half those worshipers buy it. This is I million cool dollars.

20 Likes

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by BornnAgainChild(f): 8:50pm On Mar 05, 2019
h
Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by Dreew(f): 8:50pm On Mar 05, 2019
I'm not surprised. Her fans literally beg for more production. She literally goes out of stock within minutes of launching a new product.

13 Likes

Re: At 21, Kylie Jenner Becomes The Youngest Self-made Billionaire Ever by bizhop01: 8:51pm On Mar 05, 2019
Na this old woman be 21 years?

13 Likes 1 Share

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