It’s been a busy month for counters of all kinds. The Forbes list just released its latest list of the country’s richest women. And guess who made the list this year? Kylie Jenner, of Keeping Up with the Kardashians fame.
Meanwhile, in another New York skyscraper, the Dow Jones company removed legacy brand General Electric from its famous index.
Out with the old, in with the new.
The Dow’s reason for cutting GE from its list? The market has changed, GE’s businesses are struggling, and “there’s no quick fix.”
As for Kylie’s success? Helping others with a quick fix—makeup! Forbes reports that her cosmetics line most famous for its lip kits is worth a whopping $800 million. Oh, and a few million in paychecks from her reality show.
Kylie’s fortune has made her a top contender for the title of youngest self-made billionaire, close to replacing Mark Zuckerberg for the title.
So, what’s the lesson here? Times, they are a changin’. And if you have to pick between a legacy business and a social one, pick the social one. Oh, and being a Kardashian doesn’t hurt.