For this blog, I referenced two different publications and guess what? Both used the adjective “self-made” in their headlines to describe Kylie Jenner. I think we all get the play on words when it’s in quote marks – as it was in the New York Post of 3/6/19. It’s been said over-and-over again that Kylie comes from a wealthy family.
Good point. But Kylie and Rob Kardashian both have the same mother and according to a report that I saw on the Web he is “broke and living with his mother.” The point I’m making here is that self-made in quotes is a put- down term that doesn’t apply here. In the Financial Times of 3/10/19 the headline: “A Self-made Make-up Mogul” is closer to the truth.
I know very little about the Kardashian clan because I never watch the show – in fact, since all their names start with “K” I can barely tell which is which. However, when Kylie was named a billionaire by Forbes magazine it was time to sit up and take notice.
THE YOUNGEST EVER SELF-MADE BILLIONAIRE
At 21, she is two years younger than Facebook’s Mark Zuckerberg when he achieved that valuation according to the Financial Times of 3/10/19 in an article written by US media correspondent, Anna Nicolaou.
Kylie started this venture at a very young age. At 16-years-old, she invested cash she made from modeling in a cosmetics line, which sold out within minutes. Her enterprising mother Kris Jenner, who collects a 10% fee to manage her children’s careers, spotted the opportunity to capitalize on Kylie’s stardom and arranged deals with suppliers and distributors.
I didn’t like some of the negative comments that appeared in the Financial Times so I wrote a Letter to the Editor – a week later it appeared in the FT
Kylie Cosmetics runs a skeletal operation with only seven full-time employees. (Personally, I find this unbelievable – but I’m sure it’s true.) The nitty gritty of product manufacturing, logistics and sales are all outsourced, while her mother handles finances and publicity. The vast majority of marketing remains social media posts.
A reader across the Atlantic responded to my comments and the FT published it
WHAT ARE THESE POSTS LIKE?
Here’s an example: Kylie may post 21 “stories,” 15-second videos, to Instagram, promoting her latest lip glosses, painting each shade on her own famous lips. (And yes, she is very pretty.) These minutes have spawned hundreds of millions in sales. In three years, she has built a billion-dollar company with nearly zero traditional marketing.
Kylie struck gold on Snapchat, where she found her audience: teenage girls. She became a “Generation Z” star, relentlessly posting stray thoughts and daily tribulations in short videos. She became so closely associated with Snapchat that when she casually tweeted about her declining use of the app, the SHARES LOST $1.3 BILLION IN VALUE.
Now, she is the Kardashian clan’s chief moneymaker. As the reality show enters its 16th season, ratings have slid, but Kylie’s clout and her make-up brand have grown. She is now worth three times as much as her older half-sister Kim, according to Forbes.
I decided to counter his argument once and for all – the Financial Times is an international daily newspaper headquartered in London
WHO ARE THE BIGGEST BILLIONAIRES?
Jeff Bezos of Amazon is worth an estimated $131 billion (this may have changed due to his recent divorce – don’t worry, he’s still up there)
Microsoft’s Bill Gates comes in at $96.5 billion
Berkshire Hathaway’s Warren Buffett follows at $82.5 billion
Mark Zuckerberg fell to #8 from #5 a year ago
That’s all, folks – I won’t be writing about billionaires in the near future. All of this is too rich for me.
UPDATE: Kim Kardashian West wants to be a criminal-justice lawyer
In the May 2019 issue of Vogue, p. 129 a question appears: “How does someone study law if they haven’t finished college? ANSWER: Four states, including California, offer another path to passing the bar – what is known as “reading the law,” or apprenticing with a practicing lawyer or judge. First, Kim will take what is known as “the baby bar” – if she passes she will go on for three more years of study. Makes perfect sense: her father was a famous lawyer.Shaun Nelson-Henrick
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This is the first thing I saw when perusing the 50th anniversary issue of the Smithsonian magazine for April 2020. This eye-opening 10-page article (with spectacular photos) is titled, “The Ship in the Ice” and concerns a topic we’ve all been hearing about for years, e.g., global warming.
The pandemic this year has affected all of us in many ways. Two things that stand out in my mind: people definitely need people (to paraphrase the song “People” sung by Barbra Streisand in Funny Girl). The phone, email, computer, TV and all the other digital creations we use DO NOT take the place of human interaction. We all need to see and talk to each other. That said we have also learned that we can work at home very efficiently and handle our normal workload if necessary. Never commute again? I don’t think that will happen, but perhaps we’ll find a happy medium – time will tell.
I have often found that when a person achieves incredible success – after a long struggle – the back-story is almost as fascinating as the achievement itself. That’s why I was interested in, yet another, Andy Warhol write-up that appeared in the May 2020 issue of the Smithsonian magazine.
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