Sunday, 23 September 2018
Latest news
Main » Kylie Jenner set to be the youngest-ever self-made billionaire

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

11 July 2018

The 20-year-old graces the cover of the new Forbes magazine "America's Women Billionaires" issue, and with a valuation topping $900 million, Kylie is on track to be the "youngest-ever self-made billionaire" in history. Jenner owns 100% of it. Much to her surprise the original 15,000 unit order sold out in less than a minute.

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.

"Add to that the millions she's earned from TV programs and endorsing products like Puma shoes and PacSun clothing, and $60 million in estimated after-tax dividends she's taken from her company, and she's conservatively worth $900 million".

"The most successful women entrepreneurs in the country are increasingly taking advantage of technology including social media to help them launch and grow businesses", said Luisa Kroll, Forbes' assistant managing editor, wealth. "It could easily be an instant game-changing acquisition for any company on the hunt for a winning brand with a younger customer", senior VP or merchandising at Ulta Tara Simon said.

Forbes' Natalie Robehmed details how Kylie Cosmetics has found success both by harnessing Jenner's enormous social media following and slashing costs by outsourcing labor. Another year of growth will make her the youngest self-made billionaire ever.

"Before I even refreshed the page, everything was sold out", Jenner recalled.

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.

"I said, 'I'm ready to put up my own money. I don't want to do it with anyone else, '" Jenner told Forbes, saying she used almost a quarter million dollars of her own money from modeling to make the first 15,000 lip kits.

"Maybe one day [I'll] pass this on to Stormi, if she's into it", Kylie told the publication, adding that she plans on keeping the business going "forever".

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