Kylie Jenner beats Mark Zuckerberg to becomes youngest self-made billionaire

Lydia FlemingMar 06, 2019

Kylie, who happens to be a celebrity entrepreneur has now become the youngest self made billionaire in the world at a mere age of 21 years.

Last year, Kylie Cosmetics did an estimated $508 million in sales, according to Forbes.

Whilst Facebook's financial reports indicated a 30 percent increase in revenues and 61 percent increase in year-on-year earnings, 2018 was plagued with the Cambridge Analytica scandal and data breaches which placed the USA social media giant under the scrutiny of both the United States and UK governments.

Jenner, 21, was finally given the title after months of speculation on Tuesday by Forbes as it unveiled its annual billionaires list.

"I had such a strong reach before I was able to start anything".

Mark Zuckerberg's fortune fell almost $9 billion in a year as Facebook's value plunged amid a string of scandals, an annual list of the world's dollar billionaires showed today. But then in 2018, Jenner signed a distribution deal with beauty retailer Ulta, with her products hitting the shelves over the holiday season.

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"I didn't expect anything", Jenner told Forbes.

Jenner, whose net worth is estimated at one billion United States dollars (£761 million), has appeared on Forbes' billionaires list for the first time, ranked at number 2,057 overall.

11 percent of billionaires (247 people) on the 2018 Forbes' Billionaire list have been knocked off, "the most since 2009 at the height of the global financial crisis", Forbes said. "I did not foresee the future", Jenner said. "But [the recognition] feels really good".

Flashback: Forbes announced past year that Jenner would likely take over the title.

Microsoft Corp co-founder Bill Gates remained in the No. 2 position with an estimated fortune of $96.5 billion, up from $90 billion past year. "I work really hard".

Notably, the Black women chose to take part in this especially bad idea include her best friend Malika Haqq, and Good as well.

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