Kylie Jenner becomes world’s youngest billionaire

Kylie Jenner is, according to Forbes billionaire list, the youngest self-made billionaire in the world. The youngest Kardashian family member makes her fortune from her best-selling cosmetic shop.

The 21-year-old founded and owns Kylie Cosmetics, the three-year beauty business, which generated an estimated turnover of 360 million euros last year.It reached the milestone earlier than Facebook founder Mark Zuckerberg, who became a billionaire at the age of 23.

“I didn’t expect anything. I didn’t foresee the future.

“But [the recognition] feels really good. This is a beautiful pat on her back,” said Ms. Jenner to Forbes.

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The list shows that Amazon’s founder Jeff Bezos remains the richest man in the world.

His fortune amounts to $ 131bn, according to Forbes, up to $19bn from 2018.

But the total value of billionaires has fallen from 9.1 trillion to 8.7 trillion dollars.

Facebook founder Mark Zuckerberg is one of the losers.

Last year it dropped by $ 8.7 bn (£6.6 bn) to $ 62/3bn, according to the Forbes list.

Share on Facebook lost a third of its value at a time when the company fought the data protection scandals.

Amazon’s stock price was good for Mr. Bezo’s bank balance, and the gap between him and number two, Bill Gates, is slightly larger, although Mr. Gates’ assets last year reached $ 96.5 billion.

Of all the billionaires on the list, only 252 are women, and the richest self-made woman is the property Mogul Wu Yajun from China, worth an estimated 9.4 billion.

The number of self-employed women reached 72 for the first time, compared with 56 a year ago.

The Forbes billionaire list is a snapshot of the wealth of 8. February 2019. The magazine used on this day, share prices and exchange rates from around the world.

According to Forbes, there are fewer billionaires around – 2,153 of them on the 2019 list, down from 2,208 in 2018. This partly explains why their average net value of Forbes 4 billion also revealed that 994 of them were less good than a year ago.

Luisa Kroll, assistant managing editor of wealth at Forbes, said: “even with strong headwinds, resourceful and relentless entrepreneurs find new ways to get rich.”

There are 52 British on the list. At the top are the Hindu brothers Srichand and Gopichand, who control the Hindu Group conglomerate.

Behind them, when the richest person in the UK ranks, is James Ratcliffe, founder of the chemical company Ineos, and worth $ 12.1 billion.

Another newcomer is Safra Catz co-CEO of Oracle software company, who, according to Forbes, earns a $ 41m salary and is one of the world’s best paid female executives.

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