Audio By Carbonatix
Kylie Jenner is once again the world’s youngest self-made billionaire.
The makeup mogul, 22, made Forbes’ 2020 World’s Youngest Billionaires list for the second year in a row, as her Kylie Cosmetics brand brought her net worth up to $1 billion.
Only two other entrants under 30 — Snap cofounder CEO Evan Spiegel and John Collison of payments startup Stripe, both 29 — are considered “self-made” billionaires according to the business mag.
Jenner told Forbes in 2018 that she invested $250,000 of her own money from modeling gigs in 2015 to pay an outside company to produce the first 15,000 lip kits that eventually launched into a full-fledged cosmetic line.
“I said, ‘I’m ready to put up my own money. I don’t want to do it with anyone else’,” Jenner said.
In 2019, the “Keeping Up with the Kardashians” star sold a 51% stake in Kylie Cosmetics to beauty giant Coty Inc. for $600 million.
More recently, the billionaire donated $1 million to help in the fight against coronavirus as it sweeps the globe. The money, which she donated to her OB-GYN, will help fund the cost of hundreds of thousands of masks, face shields, and other protective gear.
Latest Stories
-
Ablakwa says Ghana could evacuate more citizens from South Africa if the situation worsens
8 minutes -
Violence against girls must be tackled through individual responsibility – Gender advocate
12 minutes -
Ghana’s BRICS bid must be guided by national interest – International Affairs Analyst
25 minutes -
Journalists look back on a decade of breast cancer reporting in Ghana
1 hour -
President Mahama ends Resetting Ghana tour of Ahafo Region
3 hours -
African negotiators seek delivery of climate commitments at COP31
3 hours -
BoG develops AI rules for financial sector
3 hours -
‘Big Push’: Government assures contractors of prompt payments
3 hours -
Court fines miner for breaking into gold buying shop
3 hours -
Tarkwa court jails labourer for three years over GH¢123,000 theft
4 hours -
GAEC must retain nuclear scientists for Ghana’s nuclear ambitions – Minister
5 hours -
Man reportedly mistaken for game and shot by hunter dead in forest
5 hours -
19-year-old mason jailed 15 years for defiling seven-year-old pupil
5 hours -
Ghana’s banking sector assets rise 20.47% to GH¢500.2bn – BoG Governor
5 hours -
22 injured as Sprinter bus overturns at Sege after tyre burst
5 hours