Kylie Jenner Poised To Be Youngest Ever Self-Made Billionaire

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

Kylie Jenner is on the cover of Forbes' "America's Women Billionaires" issue, with the magazine reporting that Jenner is the 27th-richest self-made woman in the United States.

According to Forbes, Jenner's beauty brand, Kylie Cosmetics is worth $800 million and she is well on her way from crossing the billion-dollar mark thanks to her uber-successful, $29 lip kits that launched in 2016. The magazine values her company at worth almost $800 million - and Jenner owns 100 percent of it. According to a July 2018 Forbes cover story, Kylie Jenner now has a net worth of $900 million.

Forbes projects that after another year of growth, Kylie's net worth is expected to grow above 1 billion, which would make her the youngest self-made billionaire ever, replacing Mark Zuckerberg who now holds this title.

That makes Kylie the youngest person in history to make this list, which is hardly an easy feat.

And impressively, Kylie, who gave birth to her daughter Stormi in February, owns 100% of her company.

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Now worth $900 million (knocking big sis Kim Kardashian off the top slot with an estimated $350 million), she is on track to hit the billion-dollar mark within the next year.

And while billionaires like Zuckerberg and Snapchat's Evan Spiegel made their fortunes creating social media platforms, Kylie is making hers by leveraging them. Her mother had the foresight to grow it into a full makeup line and ongoing business. "I don't want to do it with anyone else", Kylie told Forbes. "That's one reason why we've seen a notable influx of Instagram-savvy moguls like 20-year-old Kylie Jenner in the ranks of America's richest self-made women".

"It's incredible to be recognised for something I'm so passionate about, and I'm really grateful for that", Jenner, who appears on the Forbes cover, said in the accompanying feature. 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.

That's when the makeup-obsessed teen made a decision to launch her own company.

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