Kylie Jenner set to be the youngest-ever self-made billionaire

12 July, 2018, 08:11 | Author: Eleanor Thompson
  • Kylie Jenner set to become the youngest self-made billionaire on Forbes list

Jenner, 20, half-sister of Kim, Khloe and Kourtney Kardashian, debuted Kylie Cosmetics in 2016 with US$29 lip kits containing matching lipstick and lip liner, and has since sold more than US$630 million worth of make-up.

This Wednesday morning, Kylie Jenner became the world's youngest Forbes billionaire-just as big sister Kim Kardashian became the world's most envious sister!

She later repeated the post, writing: "Wait I'm posting this again just because!"

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Despite her many business ventures, it seems Kylie Cosmetics lies closest to Jenner's heart.

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. In a cover story about the 20-year-old multi-millionaire, Forbes conservatively values the company at $800 million, with an estimated $330 million in sales last year. Thanks to this minuscule overhead and marketing costs, Forbes writes, the profits are outsize and go directly to Jenner.

Two years on, Kylie now sell a whole range of other cosmetics from blushers and highlighers (or "Kylighters") to eyeshadow pallettes, lip glosses and brush kits.

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Forbes Magazine has unveiled the cover of their 2018 August issue about "America's Women Billionaires", with makeup mogul Kylie Jenner gracing the front page. Jenner used her own money to start Kylie Cosmetics, but it was money she earned by virtue of the Kardashian name.

Her success has been attributed to her fame and ability to leverage social media. "I don't want to do it with anyone else", Kylie told Forbes. She isn't some college student who pooled her pennies for an initial investment in her business. While she became an Instagram sensation for over-lining her lips, opportunity really struck when she admitted to getting lip fillers in 2015. On Sunday, she revealed on Instagram that she had ditched them. Click the link in our bio to find out how she built a $900 million fortune in less than 3 years.

Whether the reality TV star and social media authority is "self-made" is open to interpretation, however, it's important to note Kylie did invest $250,000 of her own money from modeling gigs to produce the first line of lip kits that eventually led to her makeup empire.

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