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Kylie Jenner set to become the youngest self-made billionaire

Kylie Jenner, is set to become the youngest-ever self-made billionaire, even trumping Mark Zuckerberg’s record, according to Forbes.

Kylie Jenner set to become the youngest self-made billionaire lailasnews


The 20-year-old, who launched her own cosmetic line, Kylie Cosmetics, less than three years ago, has already accumulated more than $900 million.

According to Forbes, the youngest daughter of the reality TV family in “Keeping Up with the Kardashians,” sold more than $630 million worth of makeup since its launch, including an estimated $330 million in 2017.

Forbes said it valued her company at nearly $800 million, and Jenner owns 100 percent of it.

The other $100 million of revenue comes from profits generated from her appearances on her family’s reality show and other social media endorsements. Jenner has over 110 million followers on Instagram.

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The ranking, which is in its fourth year, collates America’s most successful self-made women entrepreneurs and executives as measured by their net worth.

On Wednesday, the sister of Kim Kardashian West made the cover of Forbes’ America’s Women Billionaires, but she’s not just making history as a woman — with another year of growth, she could be the youngest self-made billionaire ever. Facebook’s Zuckerberg currently holds the title after he became a billionaire at the age of 23.

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.”

Jenner told Forbes that she invested $250,000 of her own money from modeling gigs in 2015 to pay an outside company to produce the first 15,000 lip kits that eventually launched into a full-fledged cosmetic line.

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Kylie Jenner and Jordyn Woods in gold bodysuit as they announce joint cosmetics line

“I said, ‘I’m ready to put up my own money. I don’t want to do it with anyone else,’” Jenner said.

Her first round of kits sold out in less than a minute. Resellers are even selling her $29 kits on eBay for up to $1,000.

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

Kylie joins other women, including her sister Kim Kardashian, media mogul Oprah Winfrey, singers Beyonce and Taylor Swift who also made the list.

Source: LailasNews.com

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