Rich at a young age would be everyone’s dream, and Kylie Jenner just obtained this surprise. Based on data released, Kim Kardashian’s sister managed to collect trillions of rupiah in the past four years.
“I never expected anything (being the youngest rich person in the world). Yes, but it was quite fun and could be an impetus for better,” Kylie responded when she was confirmed that he was the youngest rich person in the world.
1. Kylie Started Her Business in 2015 With Only Seven Full-time Employees
The Kylie Cosmetics business has reached the age of four. Kylie admitted that she started from scratch and only had seven permanent employees and five freelancers. Even with limited resources, its products have been successfully marketed in 50 countries with billions of rupiah in sales.
2. Her mother’s Role
Regarding finances and public relations, she entrusted her mother, Kris Jenner. This 63-year-old woman manages Kylie Cosmetics with an agreement to receive 10 percent of the profits. Assigning your family rather than recruiting professionals is a difficult decision.
3. Rely on The Power of Social Media
“I rely on the power of social media, I think I must have a strong reach before starting anything,” said the young mama with 128 million followers on Instagram, Twitter, and Facebook.
Fans’ trust in the products produced by Kylie is really high. She built a good connection between herself, what was sold and loyal fans.
4. Without Having an Offline Store
From 2015 to early 2018, Stormi’s mother sold her products online. Relying on the internet has become a strength. Interestingly, even without a store, Kylie Cosmetics sales are never empty.
In the middle of 2018, Kylie collaborated with Ulta and succeeded in opening her first 1000 offline stores. The market response was extreme and made sales increased drastically, with a profit of USD 54.5 million or Rp765 billion in six months.
5. Now at The Age of 21 years, She Has Pocketed USD 900 million or Rp 12.7 Trillion
Kylie listed her name as the youngest person in the world to reach a wealth of USD 900 million or Rp. 12.7 trillion at the age of 21 years. She even defeated Mark Zuckerberg, who achieved the same wealth at the age of 23 years. It also named her the richest woman in the world.
Wow, with wealth growing at a young age, Kylie is predicted to be one of the brightest entrepreneurs in the future. After cosmetics, will she look at other businesses?