Kylie Jenner has made history. Thanks to her makeup line Kylie Cosmetics, the 21-year-old has become the youngest billionaire ever. The news was made official on Tuesday, March 5 when Forbes released its annual billionaires’ list.
Jenner also overtakes Facebook founder Mark Zuckerberg as the youngest-ever self-made billionaire. Zuckerberg was 23 when he first made the list.
The youngest of the Kardashian-Jenner clan began using her social media following to sell the products. After overwhelming success with online sales and pop-up shops, Kylie Cosmetics partnered with beauty retailer Ulta. Ulta is now the exclusive retail supplier of Kylie Cosmetics which continue to boom.
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.
Alexandra Andresen, 22, and Katharina Andresen, 23, are the next youngest billionaires on the list. The Andresen sisters both inherited 42 percent of their family-owned investment company Ferd. In total, only eight people under the age of 30 were included on the Forbes list.
You can check out a full breakdown of the world’s billionaires here.