Kylie Jenner is forbes youngest billionaire for the second time
Kylie Jenner is forbes youngest billionaire for the second time

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

 

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