Hailed by Forbes Magazine being on track to become the youngest self-made
billionaire in the United States, Kylie Jenner is set hit the $1 billon mark in the
next year, thanks to her burgeoning cosmetics line, TV programs and
endorsements.
SEE ALSO : Kim Kardashian to launch her first fragrance
The twenty-year-old half sister of Kim, Khloe and Kourtney Kardashian,
Jenner launched her namesake Kylie Cosmetics business in 2016, which
debuted with $29 lip kits made up of a paired lipstick and lipliner.
Forbes valued Kylie Cosmetics at close to $800 million, following $630 million worth of cosmetic product sales in the last two years, which has developed to include other cosmetics like eye shadow and concealer.
With Jenner reaping all of the profits, the magazine said Jenner’s worth sits at
some $900 million, boosted by her TV programs, endorsements and after-tax
company dividends.
Forbes concluded by saying that another year of growth would make her the
youngest-self made billionaire ever, male or female.
That even beats-out her sister, Kim Kardashian, who has her own cosmetics,
clothing and mobile games lines, and said to be worth $350 million, according to
Forbes.
SEE ALSO : The secret to Savage x Fenty’s success
In speaking to the magazine about the news, Jenner thanked social media for her success. Jenner currently boasts 110 million followers on Instagram alone.
“Social media is an amazing platform,” Jenner said. “I have such easy access to my fans and my customers.”
Jenner first came to the public eye alongside her socialite siblings and family on the reality television series, Keeping Up with the Kardashians.