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Kylie Jenner to become youngest self-made billionaire ever, Forbes says

Urban Marketing Group Staff

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Kylie Jenner might be known to some as Kim Kardashian West’s younger sister, but the social media star and cosmetics mogul’s net worth is more than twice that of her sister’s. Jenner, who graces the cover of Forbes for its annual list of richest self-made women, is on track to soon be the youngest self-made billionaire ever.

Jenner, who turns 21 in August, is the youngest woman on the list, making her debut along with West. Forbes reports that Jenner has built a $900 million fortune in less than three years thanks in large part to her wildly popular makeup line, Kylie Cosmetics. In contrast, Forbes pegs West’s net worth at $350 million.

Jenner and West have both built their empires by harnessing social media — Jenner has 110 million followers on Instagram. The young mom of Stormi has sold $630 million worth of makeup since she launched Kylie Cosmetics in 2016, including an estimated $330 million in 2017, Forbes reports. The magazine values her company at worth nearly $800 million — and Jenner owns 100 percent of it.

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Black-Owned Cosmetics Line, Pat McGrath Labs, Valued at $1 Billion

Urban Marketing Group Staff

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Sean “Diddy” Combs Slams Lack Of Investment In Black Entertainment In ‘Variety’

Urban Marketing Group Staff

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Sean “Diddy” Combs has emerged as one of entertainment’s top moguls with involvement in a number of industries and entities that span music, fashion, liquor, and television. In a cover story for the latest issue of Variety, Combs slams the entertainment industry’s lack of investment in Black creative endeavors, calling Marvel’s Black Panther a “cruel experiment” to illustrate his point.

Speaking with the mogul from his Beverly Hills home, the featured story revealed that Combs had plenty on his mind about how Black entertainment suffers from a lack of investment from funders and the industry at large. It goes in hand with Combs’ past desires of wanting a piece of an NFL team and appears to be a growing focus of passion for him to see the playing field evened out in the film, music, and fashion industries as it relates to Black originators.

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Mayor Bowser Makes Washington, DC the First City in the U.S. with a Green Bank

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On Tuesdsay, Mayor Bowser signed the District of Columbia Green Finance Authority Establishment Act of 2018, officially making Washington, DC the first city in the United States to establish a green bank, an innovative policy tool that seeks to expand renewable energy, lower energy costs, reduce greenhouse gas emissions, and create green jobs.

Green Banks are capitalized with public funds which are then used to offer loans, leases, credit enhancements, and other financing services to close funding gaps for clean energy projects. By creating a Green Bank, DC will be able to accelerate the deployment of clean energy technology by removing upfront costs, leveraging private investment, and increasing the efficiency of public dollars.

Learn more HERE.

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