Friday, 21 September, 2018

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

Courtesy Of Forbes View View 25 Courtesy Of Forbes View View 25
Stacy Diaz | 12 July, 2018, 00:00

According to the mag, Kylie is worth $900 million - also making her the youngest person on their annual ranking of America's Richest Self-Made Women.

According to Forbes' calculations, that makes her not only the Jenner or Kardashian with the highest net worth, but the 27th-richest self-made woman in the United States.

While there's no doubt that Kylie Jenner billionaire, people are a bit dubious about the "self-made" part. The company is valued at almost $800 million and has sold more than $630 million worth of makeup since launching less than three years ago; Jenner also earned $100 million from the Kim Kardashian-led reality TV show and social media endorsements for her 110 million followers. "I don't want to do it with anyone else", Kylie told Forbes. Kylie's step-sister Kim Kardashian is number 57 on the list at 36 years old.

The remaining $800m is the value of Kylie Cosmetics, the beauty company Jenner launched two years ago and owns outright.

"Social media is an incredible platform; I have such easy access to my fans and my customers".

Speaking on Kylie's rise, Forbes wrote, "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".

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

Reflecting on the future, Jenner said she plans on working on Kyle Cosmetics "forever" noting that maybe one day she'll "pass this on to" daughter Stormi "if she's into it".

"I struggled for a minute with finding something to do on my own..."

"It has sold more than $630 million worth of makeup since, including an estimated $330m in 2017".

The company was launched with $250,000 (£188,000) of Kylie's own money she had earned from modelling; she produced 15,000 lip kits and teased the launch for months on Instagram.

Back in 2016, Jenner and company first disclosed the brand's earnings in a Women's Wear Daily profile about her journey to become a billion-dollar cosmetics queen.