The world’s youngest billionaire is now a college dropout.
Twenty-three-year-old Kylie Jenner, the youngest member of the Kardashian-Jenner clan, is now the world’s youngest billionaire, according to Forbes magazine.
Jenner, who owns the cosmetics company Kylie Cosmetics, is worth an estimated $1 billion, the magazine said.
The bulk of Jenner’s fortune comes from her stake in Kylie Cosmetics, which she founded in 2015.
The company, which is 100% owned by Jenner, has had impressive growth over the past few years.
In 2018, Kylie Cosmetics generated an estimated $360 million in sales, up from $330 million the year before.
The company is on track to generate an estimated $1 billion in sales in 2019, Forbes said.
Jenner’s wealth also comes from her television gigs, product endorsements, and other businesses.
She has appeared on the reality show “Keeping Up With the Kardashians” since she was a child.
In 2015, she launched a line of clothing and accessories with her sister Kendall, called Kendall + Kylie.
Jenner also has deals with Puma, Ulta Beauty, and other brands.
At 23, Jenner is the youngest billionaire in the world, surpassing Facebook founder Mark Zuckerberg, who was 24 when he achieved the feat.
Jenner is also the youngest self-made billionaire, male or female, in history.
“I didn’t expect anything. I did it completely on my own. I grew up on TV. I had a lot of help,” Jenner told Forbes.
“My mom always pushed me to be an independent woman, to make my own money, have my own bank account, and stuff like that.”
Jenner’s rise to the top of the billionaire ranks is a remarkable accomplishment, given her young age.
But it also highlights the growing importance of the cosmetics industry, which has been booming in recent years.
The global cosmetics market is expected to reach $860 billion by 2024, up from $743 billion in 2019, according to research firm Grand View Research.
The rise of social media and the popularity of influencers like Jenner have also played a role in the industry’s growth.
Jenner has more than 25 million followers on Instagram and is considered one of the most influential celebrities on the platform.
She has used her social media platform to promote her cosmetics line and drive sales.
“Social media is an incredibly powerful tool for entrepreneurs and for business in general,” Jenner said.
“I have such easy access to my fans and to my customers, and I can really talk to them and get their feedback and what they want.”
Jenner’s story is an inspiring one for entrepreneurs and young people around the world.
She is proof that with hard work and a bit of luck, anyone can achieve their dreams.