Kylie Jenner Will Soon Be the Youngest Self-Made Billionaire Ever

Kylie Jenner poised to become youngest billionaire ever

Within the next year, she's set to become the youngest self-made billionaire ever, besting Facebook founder Mark Zuckerberg and Snapchat king Evan Spiegel.

The 20-year-old covers the new issue of Forbes' America's Women Billionaires issue.

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 of lip kits that eventually launched into a full fletched cosmetic line.

In addition to bringing in millions from her families' reality shows and many more millions from product endorsement deals, Forbes estimates her booming makeup company, Kylie Cosmetics, is worth almost $800 million. Thanks mostly to Kylie Cosmetics, Jenner has built an empire estimated to be worth around $900 million.

If Jenner keeps this up, she's expected to make history by becoming the youngest self-made billionaire of both men and women within the next year. "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.

"I struggled for a minute with finding something to do on my own", Jenner explained. Mama Kris Jenner stepped in from there, securing their own e-commerce platform to relaunch Kylie Lip Kits as Kylie Cosmetics on Shopify, where it just exploded. At the tender age of 20, and between having a baby, Kylie has made the Forbes' annual list of America's Richest Self-Made Women.

"Ever since I was in sixth grade, I would wear purple eye shadow", Kylie recalled. "I turned to makeup to help me feel more confident". With her Puma deal, television shows Keeping Up With the Kardashians and Life of Kylie, and other endorsement deals, $900 million is probably a conservative guess at Jenner's fortune. "I don't want to do it with anyone else, '" Jenner said. After leaping to $307 million in 2016, revenue was up just 7% in 2017, despite the addition of 30 products.

Reflecting on the future, Jenner said she plans on working on Kyle Cosmetics "forever" noting that maybe one day she'll "pass this on to" daughter Stormi "if she's into it". "It's always something that we're willing to explore", the matriarch tells Forbes.

Related News:

  • Tributes to Lord Carrington, irreverent statesman

    Tributes to Lord Carrington, irreverent statesman

    Carrington chaired the Lancaster House talks in 1979 which led to to the establishment of an independent Zimbabwe. The former prime minister David Cameron said: "Peter Carrington was a lovely man and a great public servant.
    Misfiring Olivier Giroud making unwanted World Cup history for France

    Misfiring Olivier Giroud making unwanted World Cup history for France

    They will now face Croatia or England in Sunday's showdown and are likely to be heavy favourites regardless going into that match. But you wouldn't know it judging by the training exercise the Three Lions have been taking part in.
    Liverpool open Xherdan Shaqiri transfer negotiations with Stoke City

    Liverpool open Xherdan Shaqiri transfer negotiations with Stoke City

    The winger, who scored seven goals for the newly-relegated Potters last season, has a release clause of £13.5m. Liverpool have been trying to reignite a deal despite a hands-off warning issued before the World Cup.
  • Woman bitten by shark while posing for Instagram photo

    Woman bitten by shark while posing for Instagram photo

    Zarutskie said she respects all wildlife and is grateful her injuries were not worse. She had to get several stitches and was put on a round of antibiotics.
    Wimbledon final vs World Cup final, how situation will be handled

    Wimbledon final vs World Cup final, how situation will be handled

    Football fever hasn't bristled the grass courts at Wimbledon despite England reaching the semi-finals of the Fifa World Cup for the first time since 1990.
    Timberlake showing England-Croatia before London show

    Timberlake showing England-Croatia before London show

    Something has to change and, next to me, Claude Makélélé knows it too. "That 4-1 defeat is completely irrelevant", he said. Vrsaljko has been a key part of Dalic's set-up. "We want players to be 100 per cent but we will see after training.
  • Astros win on ridiculous walk-off play by Alex Bregman

    He hit two home runs to give himself 19 for the season, and he did enough to help his team win in walk-off fashion. As Lucroy tried to tag Bregman, he dropped the ball and threw it into right field when trying to throw to first.
    Kim shatters LPGA scoring records, wins by 9 shots

    Kim shatters LPGA scoring records, wins by 9 shots

    Sei Young Kim has broken the previous 72-hole scoring record on the Tour, with a nine-shot win at the LPGA Classic in Wisconsin. The only drama down the stretch was who would pick up the last spot to Carnoustie in two weeks. "I had the double-bogey on 17".
    Trump says added Nato funds not enough for US

    Trump says added Nato funds not enough for US

    Nord Stream 2 is a proposed gas pipeline from Russian Federation to Germany . Trump interjected, asking Stoltenberg why he thought that had happened.
  • Original Winnie-the-Pooh map breaks auction record

    Original Winnie-the-Pooh map breaks auction record

    Milne's beloved book "Winnie-the-Pooh" sold at a Sotheby's auction for almost $600,000 - a record for any book illustration. In 2014, an ink drawing of the characters playing the game poohsticks sold for a then-record 314,500 pounds.
    Max Verstappen makes revelation about Hamilton and Vettel at British Grand Prix

    Max Verstappen makes revelation about Hamilton and Vettel at British Grand Prix

    After qualifying the 20-year-old Red Bull driver took to Twitter, saying: "P5 it is, the best we could do today in qualifying". There is a gap to fill and hopefully with Honda...we have a lot of belief in what they have in the pipeline.
    Pompeo talks tough on Iran while visiting UAE

    Pompeo talks tough on Iran while visiting UAE

    That push has driven up oil prices amid concerns that a divestment from Iranian oil would reduce the world's overall supply. Washington later told countries they must stop buying Iranian oil from November 4 or face financial consequences.


Most liked

South Korean-born American Na wins PGA Greenbrier title
It's on to the Midwest for the PGA Tour this week, with the John Deere Classic at TPC Deere Run in Silvis, Illinois up next. Four players shot 65 on Thursday, and many more crowded the leaderboard after posting 66s to start the tournament.

American woman celebrating wedding anniversary killed by stray bullet in Mexico
They described her "incredible work ethic" and passion for her job as news of her death emerged on Monday. As a mother, we always say things, but she inspired me to be better.

Video shows Florida man, 72, trying to attack neighbor with tractor
Howell Morris, 72, is facing aggravated assault charges for the incident which happened last month in Florida , WJXT-TV reports . A row between two neighbours came to a freakish end when one chased after the other - on a very, very slow tractor.

Rare sex disease could become next superbug, doctors warn
You can't shut down easyJet, the internet, Tinder and Grindr, all of which make it easier to find new partners. But specialists warn this is set to double within 10 years as the infection rapidly becomes untreatable.

Newly crowned ‘World’s Ugliest Dog’ Zsa Zsa dies
Zsa Zsa is survived by her owners, Megan and Jesse Brainard, and her human little sister, 15-month-old Mareslie. Brainard and the rest of Zsa Zsa's family hosted a ceremony for her in their back yard to honor the pup.

Damian Lillard is not Unhappy with the Portland Trail Blazers
Carmelo Anthony is likely to leave the Oklahoma City Thunder this summer, according to ESPN's Royce Young and Adrian Wojnarowski. Wilson made her comments on Twitter using Lebron's huge payday from the Lakers as her point of reference.

Switzerland says Najib not a target in 1MDB probe
Lauber was speaking to Channel NewsAsia after a meeting with his Malaysian counterpart Tommy Thomas. He did not name the officials he was referring to.

Tory vice chairs quit over Brexit
FIANNA Fáil leader Micheál Martin says former foreign secretary Boris Johnson was not dealing in reality when it came to Brexit . The trans-Atlantic relationship has had some awkward moments since Trump's election.

Record-breaking Waratahs smash Sunwolves
Folau sprinted 60 metes for a try, but Sunwolves blindside flanker Michael Leitch brushed off opposite number Ned Hanigan. Naiyaravoro crossed in the 52nd minute to eclipse Folau's 2014 NSW season record of 12 five-pointers.

Meghan and Harry Help Honor Royal Air Force
The Duke and Duchess of Sussex began their first official worldwide visit together when they arrived in Ireland on Tuesday. She was slammed last week for crossing her legs at a reception with the Queen and now Meghan Markle has done it again.

Emerging sex disease MG 'could become next superbug'
Eradication rates of MG following treatment with one family of antibiotics, called macrolides, are decreasing globally. Because antibiotic-resistance is higher in many other countries, doctors say holiday romances could drive the spread.

Broadband speeds rise in developed markets but United Kingdom drops in ranking
So who do we blame for this? The government? Whoever is in charge of this sort of thing should take note. While the average speed also rose in the United Kingdom , it was by just 12.5%.

Aussies bat first in T20 tri-series final
Among the bowlers, legspinners Rashid Khan and Shadab Khan retained the top two positions but there were movements down the table. Short put on 95 for the first wicket with Finch (47 from 27 balls) despite him struggling for momentum early in his innings.

JetBlue flight crew helps French Bulldog distress
They placed a breathing mask over Darcy's nose and mouth and, thankfully, she responded to the extra oxygen nearly immediately. A group of flight attendants with JetBlue came to the rescue when a French Bulldog was in distress during a flight last week.

Loris Karius: Liverpool boss Jurgen Klopp defends keeper after mistake in friendly
Jurgen Klopp's side clung on for a 3-2 victory and continue their pre-season campaign against Bury on Saturday. He said: "Now Loris concedes that goal but we can not start the story always after each mistake".