Published: Thu, July 12, 2018
Arts&Culture | By Matthew Castillo

King Kylie! Forbes says Jenner is set to be youngest self-made billionaire

King Kylie! Forbes says Jenner is set to be youngest self-made billionaire

Kylie Jenner and Kardashian West's sisters aren't doing too bad for themselves either. She's a mom. She's a model. "That's her thing. She loves a little bit of makeup". Thanks to this minuscule overhead and marketing costs, Forbes writes, the profits are outsize and go directly to Jenner.

As you may have heard, the latest Forbes cover crowns Kylie Jenner, who is worth at least $900 million, as one of the richest self-made women in the United States. Let that sink in.

That May, Jenner had admitted to having temporary lip fillers. Resellers are even selling her $29 kits on eBay for up to $1,000.

Now worth $900 million (knocking big sis Kim Kardashian off the top slot with an estimated $350 million), she is on track to hit the billion-dollar mark within the next year.

Since then, the company has sold $630m of makeup, helped in a large part by Jenner's own social media presence.

Reality TV show "Keeping Up With the Kardashians" launched when Kylie was 10 years old.

She also earns money from endorsements for brands like Puma and PacSun.

Being in the spotlight with her famous family at such a young age, Kylie says she was always experimenting with beauty products, and felt passionate about makeup early on. Zuckerberg grabbed the title at age 23 when he became worth a cool billion himself.

Jenner said she hopes to pass her business down to her daughter, Stormi: "If she's into it", she said.

The reality TV star, of course, boasts one of the most robust social media followings around with over 110 million followers on Instagram and millions more on Snapchat and Twitter.

She is a 20-year-old from a family who is famous for being famous and she is nearly a billionaire. All were sold out in under a minute. Kylie Lip Kits relaunched as Kylie Cosmetics in February 2016 with 500,000 lip kits in six shades stocked.

The exponential growth of Kylie Cosmetics, as Fast Company has previously reported, is impressive! It could be a game changing acquisition for a company. Mama Kris revealed to Women's Wear Daily that Kylie's line has already made 420 million dollars in sales.

Five years ago Kylie Jenner was still in high school.

Like this: