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.
Last year, Kylie Cosmetics did an estimated $360 million in sales, according to Forbes. Jenner, who has a one-year-old daughter, owns 100 percent of the company.
She also makes money from endorsements and appearances on cable TV's Keeping Up with the Kardashians and was ranked at number 2,057 on the Forbes 2019 list.
Kylie Cosmetics last year signed a deal with Ulta Beauty to put her products in all of the retailer's 1,163 US stores.
The richest person in the world remained Amazon Chief Executive Officer Jeff Bezos, whose net worth increased to $131 billion from $112 billion in 2018, according to Forbes.
Microsoft co-founder Bill Gates remained in the No 2 position with an estimated fortune of $96.5 billion, up from $90 billion last year.