The Rise and Rise of Kylie Jenner Billionaire
You might be forgiven for thinking than the youngest member of the Jenner/Kardashian clan has been renamed ‘Kylie Jenner – Youngest-Ever-Billionaire’ because, following the release of a recent Forbes magazine cover – Kylie Jenner’s wealth has been the hot topic of conversation on the lips of everyone from wealthy city financiers to fanatical Kylie fans.
Since the Forbes magazine devoted to America’s Women Billionaires, published August 31, 2018 placed her on the front cover with the headline:
‘$900 Million Cosmetics Queen. At 21, she’s set to be the youngest-ever self-made billionaire. Welcome to the era of extreme fame leverage’ – everyone seems to be adding the suffix ‘Billionaire’ whenever her name is mentioned.
Well fast forward to 05th March 2019, and the people at Forbes Magazine have confirmed it…. Kylie Jenner’s net worth is now reported to be an astonishing $1bn (759m) – and growing rapidly.
Incredibly, Kylie is currently 2,057th place in the Forbes Global Rich List – take a moment to let that sink in. Okay take TWO moments!
The fact is, as is usually the case, there is a lot more to the headlines than meets the eye. Keep reading and we’ll show you how you can get your own little piece of the Kylie Jenner Billionaire status by leveraging your own ‘fame’ or influence.
The Kylie Jenner Billionaire Cosmetic Business
Kylie originally launched Kylie Cosmetics in November 2015 as somewhat of a niche product or hobby with only one product: the $29 Kylie Lip Kit, which consisted of a liquid lipstick and matching lip pencil.
The kits sold out online within a matter of hours, and the $29 Lip Kits were even being resold on eBay for up to $300 – Kylie and her mom-ager Kris Jenner saw the opportunity in front of them and decided to scale up and take the product to the next level.
Kylie and Kris knew that Kylie Cosmetics now had the leverage and momentum to grow quickly. They also needed to broaden the range and fully establish Kylie Cosmetics as a ‘brand’ – so they teamed up with the well-connected make-up manufacturer Seed Beauty to give them more leverage and creativity.
Seed Beauty – The Perfect Partnership
Brother and sister John and Laura Nelson set up Seed Beauty in 2014 after years of learning the industry working in another beauty industry supply company – their father’s, Spatz Laboratories.
The Californian based Seed Beauty also has manufacturing facilities in China and is well known to industry insiders for its ability to quickly design, produce and supply products for online influencers in the beauty niche – so the perfect ‘partner’ for Kylie Cosmetics.
The partnership has enabled Kylie Cosmetics to operate effectively, with zero direct manufacturing costs or the normal overheads associated with traditional businesses. In fact, as a complete opposite to traditional mainstream cosmetic brands such as Estee lauder or L’Oréal, Kylie Cosmetic products are mostly sold online, serving the demands of hundreds of thousands of loyal customers worldwide without the overheads that come with ‘traditional’ businesses such as premises, large marketing budgets or shop staff or employees.
In fact the business is so lean, it is rumoured that Kylie Cosmetics only has twelve employees… including:
Kylie Jenner – as well as being the founder and CEO of Kylie Cosmetics, because of her ‘work’ on social media platforms such as Instagram and Twitter, cites herself as ‘Chief Marketing Officer’ and ‘Chief Creative Officer’ – and judging by the ever-increasing Kylie Cosmetic sales – it looks like she’s doing a great job!
Kris Jenner (Kylie’s mother) – Cited as being responsible for PR and Fiscal management of Kylie Cosmetics for a reported overall 10% Management fee.
The Kylie Jenner Billionaire Tag
So you may be wondering what is Kylie Jenner’s ‘actual’ net worth?
Well, according to the Forbes Magazine article published March 2019, Kylie Cosmetics is said to be worth a staggering $1bn (759m) – and, because of the extraordinary low overheads in the business, explained earlier, coupled with the fact that Kylie Jenner owns 100% of the business – then it follows that all the equity belongs to her!
Yes, the whole $1bn (759m)!
By way of comparison it is worth noting it took Bobbi Brown Cosmetics 25 years to achieve $1 billion in certified earnings.
‘Never Give Up’ – The Kylie Jenner Billionaire Mantra
A lot of people may say that it was ‘easy’ for Kylie Jenner to make it big because of the family she was born into – but it would have also been easy for her to sit back, and not enter the difficult world of business, not face challenges, failures or global criticism.
After all nobody would have raised a disapproving eyebrow if Kylie opted instead to enjoy her adolescence instead of entering the cut and thrust world of business and entrepreneurship.
Kylie and her older sister Kendall have partnered on many products and endorsements, with differing degrees of commercial success.
The first being when Kylie was just 15 years of age in 2012 – Some of the other noteworthy collaborations are:
2012 – Kendall and Kylie collaborated with the clothing PacSun and created their own clothing line ‘Kendall & Kylie’
2013 – Kendall and Kylie collaborated with Pascal Mouawad’s Glamhouse and launched a jewellery collection called ‘Metal Haven by Kendall & Kylie’
2014 – Kendall and Kylie collaborated with Steve Madden to launch their shoe and handbag line for Madden Girl Line
2014 – Kendall and Kylie collaborated with ghost-writer Maya Sloan to write a sci-fi novel called, ‘Rebels: City of Indra – The Story of Lex and Livia’
Kylie Jenner Family Background
Make no mistake, Kylie Jenner comes from a very wealthy, influential and socially connected family.
Her mother Kris Jenner was originally married to the famous lawyer Robert Kardashian from 1978 until their divorce in 1991. That marriage saw the birth of the ‘Kardashians’ – Robert, Kim, Khloe and Kourtney!
Only one month after divorcing Robert Kardashian, Kris married American Olympian William Bruce Jenner in April 1991 – now renamed Caitlyn Jenner after gender transition, in April 2015.
Kris gave birth to Kendall in 1995 and Kylie Jenner was born on August 10, 1997.
At the age of 10 in 2007, Kylie made her first appearance on the family’s new reality show ‘Keeping Up with the Kardashians’ – The show, and the family became an instant hit!
After dating the rapper Tyga between 2014 and 2017, Kylie Jenner began dating 26-year-old rapper Travis Scott in April 2017.
The couple soon announced they were expecting their first child, and, on February 01, 2018 Kylie gave birth to a baby girl whom they named Stormi Webster.
3 Key Kylie Jenner Questions:
Q1. How old is Kylie Jenner?
Kylie Jenner was born in 1997 and is now 21 years old.
Q2. What is Kylie Jenner’s Instagram account?
Kylie Jenner’s Instagram account can be found here.
Q3. What is Kylie Jenner’s net worth?
Kylie Jenner’s net worth is $900 million.
The Kylie Jenner Billionaire Blueprint – How To Make It Work For You
Let’s be honest, it’s very unlikely that most of us will become a billionaire doing what Kylie Jenner has done – but what we can do is get our own little slice of the Health, Wellness and Beauty pie with almost zero risk and very little expenditure.
In fact using the very same core principles outlined above by Kylie Jenner to grow and develop Kylie Cosmetics, anyone can leverage their direct contacts such as friends and family or social media contacts to promote and sell products to.
Make It Work For You
Just as Kylie Cosmetics uses Seed Beauty to develop, design and manufacture in demand products – you too can have access to a global distribution network of products from make-up to weight loss which you can promote and sell without having to worry about production costs, marketing budgets or payment or currency problems.
The Kylie Jenner Billionaire Blueprint is in fact a simple variation of the tried and tested network marketing formula which essentially gets a product to the consumer without excess overheads or the need for additional or excess people to be paid along the way – meaning greater profits for you the seller.
To find out more about how to get started and making money immediately, visit the Gambole Marketing homepage or drop us an email using the form below. Make a start today!
So Who Is The Richest Person In The World 2019
Well, the richest person in the world is Jeff Bezos, whose net worth stands at an estimated $131bn (£99.4bn) according to the Forbes publication.
Bill Gates, the Microsoft co-founder remains in second place with a reported net fortune of $96.5bn (£73.3bn) as reported in the recent list.
Another noteworthy mention is that of Facebook founder and CEO Mark Zuckerberg who has seen his reported 2018 wealth fall by $8.7bn (£6.6bn) to $62.3bn (£47.3bn), which leaves him at number eight on the mega-wealthy Forbes Rich List for 2019.
