LOS ANGELES: Kylie Jenner on Tuesday was named the youngest self-made billionaire of all time by Forbes magazine, thanks to the booming cosmetics company she founded three years ago. Forbes said she was both the world’s youngest billionaire and also the youngest self-made billionaire ever. On their billionaires list, Forbes distinguishes between those who inherited much of their wealth and those who made their fortunes on their own. Last year, Kylie Cosmetics did an estimated $360 million in sales, according to Forbes. Kylie Cosmetics last year signed a deal with Ulta Beauty to put her products in all of the retailer’s 1,163 US stores.

Source: Pakistan Today March 05, 2019 20:03 UTC