Kylie Jenner, 22, is Forbes' youngest 'self-made' billionaire for the second year in a row after selling off 51% of her cosmetics brand

Kylie Jenner, 22, is Forbes' youngest 'self-made' billionaire for the second year in a row after selling off 51% of her cosmetics brand
Forbes has released the annual World’s Billionaires list and beauty mogul Kylie Jenner was named youngest 'self-made' billionaire for the second year in a row at the age of 22.  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. The deal, which closed in January, means her business is now valued at around $1.2 billion. She still solely owns the other 49 percent stake. The site also reveals that money from the sale means she is one of just 2,095 people in the world with a fortune of ten digits. 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.  Meet the world's top 10 youngest billionaires. 1. Kylie Jenner, 22 Net worth: $1billionSource of wealth: Cosmetics 2. Alexandra Andresen, 23Net worth: $1.2billionSource of wealth : Investment firm 3. Katharina Andresen, 24Net worth: $1.1billionSource of wealth: Investment firm 4. Gustav Magnar Witzoe, 26Net worth: $2.6billion Source of wealth: Fish farming 5. Elizabeth Furtwaenger, 28Net worth: $1.2billionSource of wealth: Publishing 6. Jonathan Kwok, 28Net worth: $2billionSource of wealth: Real estate 7. John Collison, 29Net worth: $3.2millionSource of wealth: Stripe 8. Evan Spiegel, 29Net worth: $1.9billionSource of income: Snap 9. Pedro De Godoy Bueno, 29 Net worth: $1.1 billionSource of wealth: Diagnostic services 10. Lisa Draexlmaier, 29The post Kylie Jenner, 22, is Forbes' youngest 'self-made' billionaire for the second year in a row after selling off 51% of her cosmetics brand appeared first on Linda Ikeji Blog.

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