Lip gloss boss - Kylie Jenner to be youngest self-made billionaire

12 July, 2018, 04:41 | Author: Angelina Schmidt
  • Kylie Jenner poised to become youngest billionaire ever

The mag values her Kylie Cosmetics makeup company - of which she owns 100% of - at almost $800 million. It also makes her miles ahead of her famous family-including Kim Kardashian West, Kourtney Kardashian, Khloé Kardashian, and Kendall Jenner-at least in terms of wealth.

She later went on to launch her brand Kylie Cosmetics, which included a line of lip products created to help customers make their lips look bigger through over-lining and filling.

A comparatively small part of Jenner's fortune, around $100m, comes from endorsement deals with Puma, PacSun clothing, diet teas and other slimming products as well as her appearances on two reality shows: Keeping Up with the Kardashians and her spin-off series Life of Kylie. "I have such easy access to my fans and my customers". But, we're sure she'll find a way to make an even stronger comeback.

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While Kylie first made headlines this week for choosing to dissolve her lip fillers, the girl still loves makeup, and she shared with Forbes that Kylie Cosmetics was founded from her own journey to find her passion.

I literally have so many gosh darn questions about this photo and I demand answers immediately. And (if you believe a somewhat dubious Forbes article) she's very close to becoming a billionaire.

But the Twitterverse has opinions on Forbes using the word "self-made" to describe someone who had $250,000 laying around-money Jenner had earned from modeling gigs-to jumpstart her business. It doesn't sound like much until you consider the fact that she has more than 110 million followers on Instagram alone, many of whom are young women and girls-the target audience for those peddling lip gloss and mascara. They sold out in less than a minute at the November 2015 launch. It called her business' overhead costs "minuscule".

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The 20-year-old's net worth has skyrocketed thanks to the success of Kylie Cosmetics.

Last month, ET caught up with Kim at the launch of her KKW Beauty and Fragrance pop-up shop in Los Angeles, where she revealed how her and husband Kanye West's eldest daughter, 5-year-old North, is already making her own beauty decisions.

"Maybe one day [I'll] pass this on to Stormi", she exclaims.

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