On Forbes’ 2022 list of American self-made female billionaires, Rihanna, 34, is the youngest person. Learn about Kylie Jenner’s current position and who she replaced in 2019.
The 34-year-old, who is listed as having a $1.4 billion net worth on Forbes’ 2022 list, is the country’s youngest self-made female billionaire. Her extraordinary accomplishment comes more than three years after the magazine bestowed the coveted accolade on Kylie Jenner, who is estimated to have a current net worth of $600 million
Forbes reports that the label brought in more than $550 million in revenue in just 2020, while her Savage x Fenty lingerie line, in which she owns a 30% stake, In February 2021, financing was raised at a $1 billion valuation.
She might soon see an increase in her financial value. The singer, who recently welcomed her first child with A$AP Rocky, has made hints that new music is in the works. In contrast to how I had originally planned to approach it, my next endeavor will be completely different. I much prefer the way you’re going about things, she told Vogue. The speaker says, “It’s real, it’ll be fun for me, and it greatly reduces the pressure.”
Despite this, Kylie’s achievement is no less impressive. The Bumble creator Whitney Wolfe Herd ($740 million) and Taylor Swift ($570 million) are also included on Forbes’ list of the wealthiest self-made women in America, but the 24-year-old Kardashians star is still the youngest. Kylie has made the list for the fifth consecutive year.
Kylie claimed the title of the youngest self-made billionaire at the time after negotiating a distribution arrangement with beauty retailer Ulta to sell Kylie Cosmetics products there, which were previously exclusively available online or at pop-up shops. According to Forbes, Kylie Cosmetics’ projected value climbed to “at least” $900 million at the time of this tactical decision, making its founder a billionaire.
The founder of Kylie Cosmetics saw additional proof of financial advantage when she decided to sell Coty Inc. 51 percent of the cosmetics business in November 2019 for $600 million. In the acquisition, her company was valued at about $1.2 billion. According to a piece they released in May 2020, the Forbes team “recalculated Kylie’s net worth and determined that she is not a billionaire,” but rather a “more accurate assessment of her personal fortune puts her at just under $900 million.”
Even yet, Kylie seemed unconcerned about having her title taken away, saying, “I can identify a list of 100 things more important right now than fixating on how much money I have.” I am blessed beyond my years, I have a lovely daughter, a wonderful business, and I’m doing completely fine,” she tweeted immediately after the article was published.
