In the list of world billionaires just announced by Forbes, Kylie Jenner is currently the youngest.
In 2015, Jenner founded the cosmetics company Kylie Cosmetics.
Kylie Jenner – Kim Kardashian’s younger half-sister.
In just the next six weeks, Kylie Cosmetics sold $54.5 million in products at Ulta, according to Oppenheimer estimates.
Kylie Cosmetics’ revenue last year increased 9%, thanks in part to Ulta, to $360 million.
Kylie Cosmetics is entirely owned by Jenner.
The highlight of this company is its extremely small costs, and the huge profits fall directly into Jenner’s pocket.
Marketing activities are done mainly through social networks – where Jenner has a huge number of followers.
Kylie Jenner took photos with fans at Ulta during the product launch.
When Kylie Cosmetics first went on sale at Ulta, customer reactions were no different from the real-life version of the online craze she created a year earlier.
The same goes for Ulta stores.
Ulta and Jenner are a pretty reasonable combination.
However, their revenue growth has slowed recently.
Jenner didn’t seem too worried.
