Forbes crowns Kylie Jenner World’s Youngest Billionaire for the Second year in a row

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Forbes Magazine has named 22-year-old Kylie Jenner the youngest self-made billionaire for the second time in a row.

Forbes Magazine has named 22-year-old Kylie Jenner the youngest self-made billionaire for the second time in a row.
Kylie Jenner poses with a product of her beauty brand, Kylie Cosmetics

Addressing the controversy surrounding the ‘self-made’ title with many arguments saying Kylie was born into a wealthy family, Forbes stated that Kylie did not inherit her business. She established her own cosmetics brand which qualifies her as a Self-made billionaire

Forbes crowns Kylie Jenner youngest Billionaire for the Second year in a row

The topmost business magazine 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).”

Ms. Jenner set a new record when she became the youngest billionaire at the age of 21, unseating Facebook CEO who joined the youngest billionaire’s list at 23 after creating the social app.

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To retain her youngest billionaire title, Kylie Jenner sold  51% of her beauty brand, Kylie Cosmetics to beauty giant Coty Inc. for $600 million which has increased the value of her business to a whopping $1.2 billion.

Here is a list of the world’s 10 Youngest Billionaires according to Forbes

1. Kylie Jenner, 22 

Net worth: $1billion

Source of wealth: Cosmetics

 

2. Alexandra Andresen, 23

Net worth: $1.2billion

Source of wealth : Investment firm

 

3. Katharina Andresen, 24

Net worth: $1.1billion

Source of wealth: Investment firm

 

4. Gustav Magnar Witzoe, 26

Net worth: $2.6billion

Source of wealth: Fish farming

 

5. Elizabeth Furtwaenger, 28

Net worth: $1.2billion

Source of wealth: Publishing

 

6. Jonathan Kwok, 28

Net worth: $2billion

Source of wealth: Real estate

 

7. John Collison, 29

Net worth: $3.2million

Source of wealth: Stripe

 

8. Evan Spiegel, 29

Net worth: $1.9billion

Source of income: SnapChat

 

9. Pedro De Godoy Bueno, 29 

Net worth: $1.1 billion

Source of wealth: Diagnostic services

 

10. Lisa Draexlmaier, 29

Net worth: $1 Billion

Source of wealth: Auto Parts

 

 

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