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Kylie Jenner is likely to become the "youngest self-made billionaire" thanks to her success in the cosmetics industry – but when it comes to building one of the beauty brands the Most Successful in the World, A Few Weeks After Kylie, 20, appeared on the cover of Forbes, where it was revealed that she is on the verge of becoming a billionaire, her beauty business, Kylie Cosmetics, has been overtaken by another big name. eponymous brand: Pat McGrath Labs.
The famous cosmetics company, founded by celebrity makeup artist Pat McGrath, has just been rated at a billion dollars, surpassing Kylie Cosmetics, which currently stands at $ 800 million.
Beauty mogul: the eponymous make-up of British make-up artist Pat McGrath surpassed Kylie Jenner after being valued at $ 1 billion
. Celebrity mates: The 48-year-old worked with Naomi Campbell (left), Kaia Gerber, and Rita Ora (right)
sales success: the products Pat, who first debuted in 2016, left the shelves, reg few days after its launch, Pat, 48, whose clients include Naomi Campbell and Kate Moss, received an investment of 60 Millions of dollars at the beginning of the month from Eurazeo Brands, based in New York. His latest investment brings to $ 88 million the total external financing of Pat's brand name brand in just two years since the brand's debut in 2016.
At that time, the make-up artist has seen almost every its products are sold in a few days – and even in minutes – online.
"It has always been my dream to create an iconic beauty brand that exceeds the usual limits, which lives outside the parameters of what is expected," said Pat about the new investment. "I am delighted to be working with the unique and expert team of Eurazeo Brands."
Jill Granoff, CEO of Eurazeo Brands, added, "We are honored to work with Pat, whose vision, talent and history in the beauty industry, Pat McGrath Labs has become one of the most authentic and innovative makeup brands ever marketed.
"We are excited to combine our experience of creating global brands of beauty and fashion with Pat and the creativity and Unmatched passion of his team.
However, while Pat reached "billionaire" status before Kylie, one of them's mother was hot on her tail; Forbes reported earlier that this month that Kylie, who turns 21 in August, has sold more than $ 630 million in make-up since she started her business only two years ago.
Makeup Maven: Kylie Kylie's own company, Kylie Cosmetics, was valued at $ 800 million by Forbes Earlier This Month
On The Road: The Publication revealed Kylie is on track to become the youngest self-taught billionaire
The magazine estimated Kylie Cosmetics at nearly $ 800 million and, with its reality shows and product endorsements, it maintained a net worth of 900 millions of dollars. 19659002] The magazine also estimated that Kylie far surpassed her older sister and businesswoman Kim Kardashian West, 37, who has a net worth of $ 350 million.
Kylie's description of Forbes as a "self-made" billionaire in the August 31 issue, which She was titled America's Billionaires Women and ranked the 60 richest self-taught women, which has sparked some controversy.
The budding beauty mogul was attacked online after the publication of the magazine, many deeming it unfair that she received the title light of her famed family, and her antecedents as a reality TV star.
For some, however, the fortune of the mother-of-one was unfortunately terribly inadequate; Social media star Josh Ostrovsky, better known as The Fat Jew on social media, quickly launched a GoFundMe page to raise the $ 100 million needed for Kylie to become a true billionaire.
The 36-year-old social media star launched the crowdsourcing fundraiser just hours after Forbes released a cover story that estimated Kylie's net worth at $ 900 million.
Queen of Cosmetics: Kylie Honored Forbes Cover Who Rated Her Net Worth at 900 millions of dollars
Self made? Social media has quickly criticized Forbes for categorizing Kylie as a "self-made" billionaire, with some saying that his privileged background has dramatically increased his wealth
Sourcing: The Big Jew has created a GoFundMe page to raise Kylie Jenner was on the cover of Forbes magazine today to have a net worth of $ 900 million, which is heartbreaking, "reads in the description of GoFundMe.
I do not want to live in a world where Kylie Jenner does not have a billion dollars. WE MUST COLLECT $ 100 MILLION TO HELP GET A BILLION, PLEASE SPREAD THE WORD, IT IS EXTREMELY IMPORTANT, "concludes the mission statement.
It seems that not everyone was so eager to help Kylie; In one day, the fundraiser had only reported $ 68 of its $ 100 million goal
The Fat Jew, the real name of Josh Ostrovsky, shared the GoFundMe campaign with its some 10.5 millions of followers on Instagram.
The GoFundMe page was appreciated by Kylie and Pagesix reported that if the challenge of fundraising is not met, donations will go to those who need it.
& # 39; All money will be donated to something awesome. who has no food, "said Ostrovsky
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Tags beauty Billion Exceeds Jenner39s Kylie mark McGrath Pat Rating
