Culture&Arts

Kylie Jenner is set to become the youngest-ever billionaire at 21

Kylie Jenner is set to become the youngest-ever billionaire at 21

Kylie Jenner, who made a fortune with her popular cosmetics line, is poised to become the youngest self-made billionaire, according to Forbes magazine, which named her one of America's richest self-made women in 2018.

The 20-year-old landed on the 27th spot on the list thanks to her highly successful Kylie Cosmetics, most notably Jenner's popular Lip Kits.

"Even using a conservative multiple, and applying our standard 20% discount, Forbes values her company, which has since added other cosmetics like eye shadow and concealer, at almost $800m". Forbes conservatively values the company at $US800 million, with an estimated $US330 million in sales a year ago.

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"Another year of growth will make her the youngest self-made billionaire ever, male or female, trumping Mark Zuckerberg, who became a billionaire at age 23", Forbes reported. Forbes estimated that Kim Kardashian, who has her own cosmetics, clothing and mobile games lines, is worth $350 million.

"Social media is an unbelievable platform", she said. It called her business' overhead costs "minuscule".

The youngest Jenner, who is on the cover of the August edition of the American business magazine, is on the "America's Richest Self-Made Women" list. She has more than 110 million followers on Instagram and millions more on Snapchat, and the audience is made up mainly of young women and girls-her company's core customer base. For her part, Kylie seems less keen to compare and more keen on creating more lip kits. She takes that money and leverages her social media following.

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Ever since I was in sixth grade, I would wear purple eye shadow.

"Maybe one day [I'll] pass this on to Stormi, if she's into it". "It brings me so much joy to watch you continue to make your @kyliecosmetics dreams a reality!"

But while such huge success at such a young age would usually be lauded, the reaction to Jenner's cover has largely been anything but, with people calling the reality TV star and Forbes out on the "self-made" description.

The reason Kylie Jenner now looks like 'the old Kylie'
Well, it turns out there was a reason for that - Kylie responded , "I got rid of all my filler ". "I took that really hard". In May of this year, she admitted that she's not now pursuing any other plastic surgery procedures.

That's when the makeup-obsessed teen chose to launch her own company.


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