Published: Wed, July 11, 2018
Culture&Arts | By Dora Pope

With $900m fortune, Kylie Jenner set to become youngest self-made billionaire

With $900m fortune, Kylie Jenner set to become youngest self-made billionaire

Kylie Jenner is on the cover of Forbes' "America's Women Billionaires" issue, with the magazine estimating the cosmetics entrepreneur is worth $900 million.

"Another year of growth will make her the youngest self-made billionaire ever, male or female, trumping Mark Zuckerberg, who became a billionaire at age 23", Robehmed reports.

Kylie Jenner just landed a cover of a magazine nobody was expecting: Forbes' America's Women Billionaires issue. She told Forbes that social is "an wonderful platform" because she has "such easy access to my fans and my customers".

According to Forbes, Jenner is on the cusp of becoming the youngest self-made billionaire in the world, a title Mark Zuckerberg earned at 23 years old.

In addition to bringing in millions from her families' reality shows and many more millions from product endorsement deals, Forbes estimates her booming makeup company, Kylie Cosmetics, is worth almost $800 million.

The superstar has over 110 million followers on Instagram and millions more on Snapchat; many of these are young women and girls who look to Kylie for advice and recommendations.

While makeup and more specifically lip kits were a natural fit for Jenner ― she recently made headlines for ditching her signature lip fillers ― she says she "struggled for a minute" to identify her passion in a family where each member is successful in their own way.

The new mother of Stormi Webster came into limelight from her appearances in her family's television show 'Keeping up with the Kadarshians'.

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"Ever since I was in sixth grade, I would wear purple eye shadow", Jenner said.

Mama Kris Jenner stepped in from there, securing their own e-commerce platform to relaunch Kylie Lip Kits as Kylie Cosmetics on Shopify, where it just exploded. In comparison, sister Kim Kardashian is estimated to be worth around $350 million.

"Kylie Cosmetics launched two years ago with a $29 "lip kit" consisting of a matching set of lipstick and lip liner".

"I said, 'I'm ready to put up my own money".

"Before I even refreshed the page, everything was sold out", Jenner said.

Kylie Cosmetics is dealing with slowing growth - Forbes reports that revenue grew just 7% past year, with lip-kit revenue dropping an estimated 35%.

"Maybe one day [I'll] pass this on to Stormi, if she's into it", said Kylie, who adds that she plans on working on Kylie Cosmetics "forever".

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