US-based model and beauty mogul, Kylie Jenner has just been named Forbes’ youngest ‘self-made’ billionaire. The model who has made it to Forbes’ billionaire list for the second time in a row emerged as the youngest self-made billionaire with a total net worth of $1billion.
Kylie, 22 and a mother of one was able to unseat Facebook founder, Mark Zuckerberg, 35 as the youngest-ever self-made billionaire in 2019. Kylie retained her position on the list for the second time in 2020 after she had sold 51% share of her cosmetic brand to Coty Inc. for $600 million
The mother of one who unseated Facebook’s Mark Zuckerberg, 35, as the youngest-ever self-made billionaire in 2019, retained her position after she sold off 51% of her Kylie Cosmetics brand to beauty brand Coty Inc. for $600 million back in November 2019. After the deal was closed, her net worth rose to $1.2billion with her still owning a majority stake of the 49% of the cosmetic brand.
Forbes also addressed the controversy that surrounds the title ‘self-made’ after people argued that Kylie came from an already privileged background. They wrote: ‘ Yes, self-made (despite a lot of help from her famous family, she didn’t inherit her business—she built it). And yes, billionaire (she’s worth $1 billion).’
Also on the list of young billionaires are sisters Alexandra and Katharina Andresen, aged 23 and 24, who both are worth $1.2billion and $1.1billion respectively.
The Norweigan sisters are heiresses to their father’s holding company, Ferd S.
Below are Forbes’ youngest billionaire and their corresponding net worths
| Position | Name | Age | Net worth in USD | Business line |
| 01 | Kylie Jenner | 22 | 1 Billion | Cosmetics |
| 02 | Alexandra Andresen | 23 | 1.2 Billion | Investment |
| 03 | Katharina Andresen | 24 | 1.1 Billion | Investment |
| 04 | Gustav Magnar Witzoe | 26 | 2.6 Billion | Fish farming |
| 05 | Elizabeth Furtwaenger | 1.2 Billion | Publishing | |
| 06 | Jonathan Kwok | 28 | 2 Billion | Real Estate |
| 07 | John Collison | 29 | 3.2 Billion | Stripe |
| 08 | Evan Spiegel | 29 | 1.9 Billion | Snap |
| 09 | Pedro De Godoy Bueno | 29 | 1.1 Billion | Diagnostic |
| 10 | Lisa Draexlmaier | 29 | 1 Billion | Auto Parts |
