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Forbes released his fourth annual ranking of the richest women in America, and Kylie Jenner came to the list. She is, in fact, the youngest person on the list.
Jenner, who is only 20 years old, is worth $ 900 million, according to Forbes . A long detailed article published by Forbes explains the rise of Jenner's growing makeup company. The company, which is owned entirely by Jenner, is called Kylie Cosmetics and was launched just two years ago. Kylie Cosmetics, according to Forbes has sold for more than $ 630 million in make-up since its launch, including $ 330 million in 2017. Forbes values Jenner's company at nearly $ 800 million dollars. By adding the millions that she has earned to television programs and endorsing products like Puma shoes and PacSun clothes, and $ 60 million in after-tax dividends that she has withdrew from her company, Jenner worth $ 900 million
Coverage of Forbes magazine with Kylie Jenner
In contrast, 37-year-old Kim Kardashian West is worth $ 350 million
Another year of growth for Kylie Cosmetics will make Jenner the youngest self-taught billionaire Mark Zuckerberg, who became a billionaire at the age of 23.
The article Forbes also dissects the role of social media in the rapid rise of Jenner's business and the internal workings of his company. According to Forbes Jenner's nearly $ 1 billion empire consists of only seven full-time and five part-time employees. The manufacturing and packaging of the company are outsourced to Seed Beauty, a private producer in California; and sales and fulfillment at the Shopify online outlet. The company's finances and public relations are managed by her mother, Kris Jenner, in return for a 10% management discount from all her children.
Kylie uses social media to her advantage by constantly promoting her products on different platforms. She's active on Instagram and Snapchat almost an hour, marketing the Kylie Cosmetics lipstick shade that she wears. With over 110 million followers on Instagram and millions on Snapchat, Jenner is able to reach a massive clientele composed mostly of young girls. The official page of Kylie Cosmetics has more than 16.4 million followers and its Twitter account has 25.6 million followers
Kylie Jenner
Kylie is the most young daughter of Kris and Caitlyn Jenner (formerly Bruce Jenner), brother of model Kendall Jenner and half-sister of Kim, Kourtney, Khloe and Rob Kardashian, The Kardashians were first aired when Kylie It was only 10 years old. In 2014, teenagers popularized the "Kylie Jenner Lip Challenge," a viral trend that forced them to insert their lips into a shot glass and suck the air.
Jenner, who recently gave birth to his granddaughter Stormi, tells Forbes that she plans to work on Kylie Cosmetics "forever".
All the images of Instagram.
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Date Published: Jul 12, 2018 11:05 AM
| Updated on Jul 12, 2018 11:05 AM
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Updated: Jul 12, 2018 11:05 AM
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