Friday, March 08, 2019

Billion Dollar Global Baby

This week Forbes named 21-year-old  Kylie Jenner -- makeup mogul, a reality TV star and mom --  the world’s youngest self-made billionaire in history.  In 2012, she invested $250,000 in launching her $29 Lip Kit (a matching lipstick and lip-liner combo) on the cosmetics market and since then has achieved stratospheric global growth.

Fueled in part by an Ulta expansion, Kylie Cosmetics’ revenue climbed 9% last year (2018) 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.

Here's what Kylie had to say about it:

“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.”

She's a billion dollar global baby.  Learn more here.

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