Kylie Jenner retains Forbes' youngest self-made billionaire title for 2020 - The Sauce
Connect with us

Hi, what are you looking for?

Da Squeeze

Kylie Jenner retains Forbes’ youngest self-made billionaire title for 2020

Kylie Jenner has been named Forbes’ youngest self-made billionaire for a second year in a row.

The ‘Keeping Up with the Kardashians’ star made her huge fortune from her Kylie Cosmetics empire and, last March, she overtook Facebook founder Mark Zuckerberg to top the publication’s annual World’s Billionaires list.

Kylie has managed to maintain her substantial wealth according to Forbes Magazine, and as of November last year, she sold 51 per cent of her beauty brand to Coty Inc. for $600M.The deal, which wrapped in January, now values her business at an estimated $1.2 billion.

The sale and still having a 49 per cent share in the business enabled the 22-year-old reality star – who has two-year-old daughter Stormi with rapper Travis Scott – to retain her riches.

Kylie has also put her money to good use, and recently she and her mother, Kris Jenner, announced they are distributing antibacterial gels – which are currently in short supply due to the coronavirus pandemic – via the beauty conglomerate and Kylie Skin investor, Coty as reported on The Sauce.

The hand gel comes with a special message for recipients, which reads: “Dedicated to first responders working to support our communities.”

A representative for Kylie Skin confirmed that the product will be made by Coty’s factories and will not affect the production of Kylie Skin products.

The lip kit mogul also donated $1 million to help supply protective wear to healthcare professionals fighting coronavirus on the frontline.

Kylie previously insisted she “didn’t expect” to be so successful when she launched her beauty business, which Forbes magazine valued at least $900 million, when it launched in 2015.

She said at the time: “I didn’t expect anything. I did not foresee the future. But [the recognition] feels really good. That’s a nice pat on the back.”

Most of the brand’s marketing is done through social media – where the brunette beauty announces product launches, previews new items and tells fans which shades she’s wearing each day – to her millions of followers across Instagram, Facebook and Twitter and Kylie believes it’s been essential to her success.

As earlier reported on The Sauce, Kylie Jenner was first declared the world’s youngest self-made billionaire according to financial publication Forbes, in March 2019.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Some More Sauce...


Hailey Bieber is pregnant. The 27-year-old model and her husband Justin Bieber are expecting their first child together, with the couple revealing the news...


A man failed a job interview within five minutes of arriving thanks to a very simple mistake. The unnamed man made a bad impression...

Da Squeeze

Altè Rap muse King Kerby is gearing for another scintillating music drop this Friday. The cut “Leeches” off his upcoming ‘Saba Deluxe’ LP will...


Venus Williams had a wardrobe mishap with her broken mirror dress at the Met Gala. The tennis icon stepped out at the star studded...


The 37-year-old actress – who filed for divorce from her ex-husband Joshua Jackson in October, bringing an end to their four year marriage –...

Da Squeeze

Thandiswa Mazwai’s 4th studio album Sankofa is out today on all streaming platforms! Since the beginning of her career in 1996, the legendary artist...


Rihanna has declared her new Fenty Beauty foundation is “Barbados in a bottle”. The 36-year-old pop star launched her beauty brand back in 2017...


Lady Gaga was left “speechless” revisiting ‘The Chromatica Ball’ for her new concert film. The long-awaited film is finally set to hit HBO’s Max...