Recently, Forbes 100 has recorded the world’s youngest ever self-made billionaire title is just swapped from Mark Zuckerberg (CEO, Founder of Facebook) to Kylie Jenner (21 years old).

According to Forbes estimated Kylie’s Cosmetics (a cosmetics company of Kylie’s) value is over $900 million based on the last year grew revenue and market cap of the booming makeup industry. And Kylie Jenner owns all of it, add with the cash she already pulled from the profitable business. The 21-years-old is now the billionaire, with an estimated fortune of $1 billion.

So, who is Kylie Jenner? What made her a billionaire?

Making money from 10 years old

Kylie Kristen Jenner was born on August 10, 1997, at Los Angeles, California, U.S with parents are both television personality. Kylie is a model, celebrity, television personality, fashion stylist, creator, designer, actor, singer and entrepreneur.

Kylie Jenner starting her career very soon when she first started her reality television series “Keeping up with the Kardashians” (one of the longest-running reality television series in the U.S ) on E! (an American pay television channel) in 2007 when she’s only 10 years old.

From 2007 – present, Kylie has participated, performed and starred over 11 television reality show, with over 187 episodes present, and is the main cast in 158 episodes. Kylie also joined in 8 music video, and play a role in the “Ocean’s 8” movie
in 2018.

All those activities are a premise for Jenner to build up her businesses based on her reputation.

Business

Kylie’s business career started in 2012 when she’s 15 years old. Kylie collaborating with the clothing brand PacSun (Pacific Sunwear of California Inc.), along with her sister Kendall they create a clothing line name “Kendall & Kylie”.

In July 2013, the Jenner sisters launched a jewellery line with Pascal Mouawad to create the Metal Haven by Kendal & Kylie jewellery collection.

In February 2014, she and Kendall launched a shoe and handbag line for Steve Madden’s Madden Girl line.

Although pretty success with her businesses, but all of these brands are not bring her to the title of “world’s youngest billionaire”.

In August 2015, Jenner announced she would be launching her lipstick line under the name Kylie Lip Kit and renamed to Kylie’s Cosmetics in February 2016. Also in this year, the number of kits produced rose from an initial 15,000 to 500,000.

Jenner invests more on the marketing and brand awareness of her brand beside of her reputation. In March 2016, Jenner released a 3 minutes promotional video directed by Colin Tilley and starring models Karin Jinsui, Mara Teigen, and Jasmine Sanders.

She also introduce her brand through many reality show with a million of audiences (both online and offline) with a fee of $0 for she is invited.

In June 2017, Jenner released 2 new cosmetics sets in collaboration with her sister and unceasing cooperation to launch a new product line with other celebrity, designer, model.

In 2018, Kylie’s Cosmetics recorded the sold of over $630 million worth of makeup product. Which rise the company value up to $900 million and making Jenner into the Forbes 100 list.

Kylie Janner may only 21 years old, but Up to May 2019, she has presided a business portfolio of 66 product line, brand, show, and music. And this number is constantly increasing over year.

Although there are disagreements about the “self-made” title of Jenner because of her background. But there are points that we can not deny: She is brilliant, and have to work very hard to earn this result.

More over, how many people of us can make $1 billion when we at her age without inheritance?

What do you think?

Recently, the founder of Huawei – Mr. Ren Zhengfei in an interview on Bloomberg Television admitted that the sanction of U.S on Huawei can strongly affect the production line of them.

But he also affirmed that the sanction cannot destroy the smartphone business of this brand. And in future beside of developing their own software platform, looking for new suppliers, Huawei will also get back to the market and will even “not selling their products for the U.S”.

So, what makes Huawei so confident?

Market share in China

According to the South China Morning Post, after quarter I-2019 the market share of Huawei reached 34% per cent and leading the market. While other producers like Apple, Samsung and Oppo have a market share in turn: 11.5%, 1%, 19.6%. Moreover, Huawei has a plan to grow to 50% at the end of 2019.

The smartphone market of China recorded the amount of 1,1 billion mobile phone users and the market value of 66,8 billion USD with the increasing rate of over 15% each year according to Statista quarter IV-2018 report.

With the backing of the government, a high-value market share in the world’s largest mobile market (over 50% global market), and a very strong financial potential go with technology. The sanction move of U.S may activate the independence of Huawei and stimulate its innovation.

Plus, in recent years, the Chinese’s companies has succeeded in making people think back about internal technology products. Before, Chinese people always believe that local companies can only be good with low-end products or houseware products.

Political advantages

Although claiming that he’s not the politician, but Mr. Ren Zhengfei cannot deny that the rapidly growing of Huawei have a very tight connection with the Chinese government. In the past, the very first global contracts of Huawei to build the telecom infrastructure in Africa come from orders of government.

Recently, the allegations of U.S and its allies for Huawei spying activities via their 5G telecommunications equipment also prove the thesis about the relationship between Huawei and the Chinese government. You can learn more about Huawei history on Wikipedia.

The U.S’s sanction may slow Huawei’s production down but U.S and Europe are not the only ones have a technology to create chipset. One of the biggest competitor of the U.S and its allies – Russia is still silent since U.S-China commercial war begin. Huawei in particular and the Chinese government in general may get close with Russia, and this alliance is not what U.S and its allies may like.

Moreover, according to CafeF if China closes its gate with Apple in China, this brand will lose 1/3 its global sales. And stop providing services and devices to Huawei is also a large damning to the U.S and its allies brands.

With the taut situation of the China – U.S commercial war right now, no one can make sure anything.

Conclusion

Agree or not, the truth is that Huawei is still the biggest private company in China. The last year sales revenue reported of Huawei has over helm Alibaba and Tencent.

gree or not, the truth is that Huawei is still the biggest private company in China. The last year sales revenue reported of Huawei has over helm Alibaba and Tencent.

With all the advantage in finance, political and technology, the fall of Huawei is impossible. Not to mention that the Chinese government will not allow Huawei to fall, for millions jobs Huawei create for this country and the revenues from tax of this company.

But as I analysed in the previous article “President Trump’s sanction on Huawei and commercial war of U.S – China”, recover Huawei will be difficult and take a very long time for its present situation.

What do you think?

Recently, the sanction of America on China’s technology brand Huawei has been officially applied. And following that is the restrict of this brand from using software and outsourcing service from American’s companies.

Following this event is a mass withdraw of American and it’s alliance countries’ companies out from China. Leaving behind a critical wound for the production economy of this country.

President Trump’s snap

Alphabet, the mother company of Google is the pioneer of the battle. On the early morning of 20 May 2019, the official announcement released by Reuter mentions that Google has cut off the contract with Huawei.

This will prevent the company’s products from access to Android update and support, Google Play and other apps provided by Google.

Continuously, many companies provide hardware and software of America and alliances also announce to cut the contract with Huawei. Which included: Samsung (Korean), ARM (England), Synopsis (America),
Mitsumi (Japan), Wetzlar (German), and a lot more. Without those companies, Huawei cannot make a smartphone and provide their telecom products which are two main business of this technology company.

The reason stems from allegations of spying activities for China government of Huawei through their products. And a series of other accusations of violating sanctions against Iran, steal US intellectual property, tax evasion and money laundering.

Not stop there, to answer China’s threat to retaliate over US sanctions. A mass amount of foreign’s companies (most are the US and its alliances) are withdrawing from China.

There are over 400 US-funded companies claiming to withdraw from China.

Apple announced to transfer iPhone production line to India. Foxcom, one of the most important partners of Apple has also fired all of its Chinese employees. Foxcom also moved its factory to India, which created more than 1 million jobs for this country.

Following US move, its alliances with over 20,000 companies are claiming to have the plan to move out from China too.

Some notable big companies are:

• Japan: Olympus, Sumitomo, Kobe Steelt, Mitsubishi Electric, Ricoh, Omron, Epson, Kyodo News. 60% of Japan’s companies have withdrawn from China, 40% remaining are decreasing their capital.
• Korea: Samsung, OEM.
• Taiwan: Yue Yuen
• Europe: Adidas, Puma

Just like a Thanos’s snap in the famous series of Marvel. With only one move, president Trump’s just nearly wipe out the economy of China and push this country faster to depression.

The “paper tiger” economic of China.

More than 728 million Chinese people live with an income of US $ 2-5 per day according to PEW research centre.

The Chinese government’s public debt has reached more than 255.7% of its GDP (according to BIS International Bank). However, the 2018 GDP report of $13,285 billion USD was simply inflated while the actual total debt was about $34,000 billion USD.

The megacity in Fushun, Liaoning – where the famous masterpiece The Ring of Life with 22 km2 wide has been abandoned without a shadow! Across the territory of China are hundreds of such metropolitan areas. Asked a Chinese citizen, he replied, “They” simply could not stop building! “They” here are the interest groups. The real estate bubble is very huge!

Freezing real estate led to a huge bad debt bubble in the nation’s financial system as organizations and individuals were engulfed in debt, overlapping debts were difficult to resolve.

Less than 24 hours after Washington officially raised $200 billion USD taxes with Chinese goods, US President Donald Trump ordered a further tax increase for all remaining goods worth more than $300 billion USD.

According to Bloomberg, China will default on this debt in 2019

Result

All of these moves of president Trump is a slap on China face, sending his message that “do not kidding with me in a commercial war”.

Although there will be a huge damage with US’s companies and its alliances when left an enormous market like China. But everyone seem like has smelled of the depression of China’s economic, it is better to stay away before it’s really come.

Soon or late, president Xi Jinping will have to concessions with the US to save his country’s economy.

But in my opinion, it’s too late for China to prevent the corruption of its economy. The sanctions of US only a drop of water overflow to activate the blow of China’s bubble.

Best thing China can do now is to minimize the damage as much as possible.

What do you think?