Kylie Jenner retains Forbes' youngest self-made billionaire title for 2020

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Kylie Jenner. (Photo by Jon Kopaloff/FilmMagic)
Kylie Jenner. (Photo by Jon Kopaloff/FilmMagic)

The Keeping up with the Kardashians star made her huge fortune from her Kylie Cosmetics empire. Last March she overtook Facebook founder Mark Zuckerberg to top the Forbes annual billionaire list.

Kylie has managed to maintain her substantial wealth, and in November 2019, she sold 51% of her beauty brand to Coty Inc. for $600 million (roughly over R10,8 billion).

READ MORE: Forbes needed to expand their self-made list because more women are “amassing fortunes than ever before” through business

The deal, which wrapped up in January, now values her business at an estimated $1.2 billion (about R21,6 billion).

The sale and still having a 49% share in the business enabled the 22-year-old reality star to retain her riches. 

Also appearing in the youngest billionaire list are Norwegian sisters Alexandra and Katharinan Andresen, aged 23 and 24 years old respectively, who inherited 42% each of their family-owned investment company Ferd.

Compiled by Phelokazi Mbude

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