homephotos Newseconomy NewsKylie Jenner is the youngest billionaire at 21; See who else is on the list

Kylie Jenner is the youngest billionaire at 21; See who else is on the list

SUMMARY

Capitalism is taking some lumps—and not just in the headlines. For only the second year in a decade, both the number of billionaires and their total wealth shrank, proving that even the wealthiest are not immune to economic forces and weak stock markets. However, young leaders are fighting hardships to emerge as the self-made billionaire. Kylie Jenner of the Jenner-Kardashian fame became the youngest self-made billionaire, surpassing Facebook CEO Mark Zuckerberg. Forbes estimated that Jenner's Kylie Cosmetics is worth at least $900 million, and she owns it all. Here's a list of top six youngest billionaires. Captions: Forbes Image Caption: Forbes/AP

By CNBC-TV18 Mar 6, 2019 4:07:05 PM IST (Published)


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Kylie Jenner: Net Worth: $1 billion. At the age of 21, Kylie Jenner, of the Jenner-Kardashian fame became the youngest self-made billionaire, surpassing Facebook CEO Mark Zuckerberg. Forbes estimated that Jenner's Kylie Cosmetics is worth at least $900 million, and she owns it all. She hits the billion-dollar mark when you add in cash she has already pulled from the profitable business.

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Alexandra Andresen: Net Worth: $1.4 billion. Age: 22. Andresen inherited 42 percent of the family-owned investment company Ferd. Andresen's father Johan still runs the company and controls 70 percent of the votes via a dual-class share structure. Ferd runs hedge funds, is an active investor on the Nordic stock exchange, and has private equity investments.

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