Kylie Jenner Becomes World's Youngest Billionaire

Kylie Jenner has become the world's youngest billionaire with an estimated fortune of $1.02 billion, Forbes magazine announced.

The wealth of 21-year-old Jenner is expected to boost after her company, Kylie Cosmetics, signed an exclusive partnership with Ulta Beauty Inc.

The company generated revenues of $360 million, a 9 percent increase from 2017, according to Forbes.