Published: Thu, July 12, 2018
Culture | By Henry Herrera

Kylie Jenner set to become the youngest self-made billionaire on Forbes list

Kylie Jenner set to become the youngest self-made billionaire on Forbes list

"Even using a conservative multiple, and applying our standard 20 percent discount, Forbes values her company, which has since added other cosmetics like eyeshadow and concealer, at almost $800 million". She has more than 110 million followers on Instagram, 25.6 million on Twitter and 16.4 million follow her company directly. Kylie Cosmetics' overhead costs are very low, Forbes points out, making her profit margin very, very high. Forbes also predicted that she is on track to become the youngest self-made billionaire ever, even beating out Facebook founder Mark Zuckerberg, who became a billionaire at the ripe age of 23.

It's hard to conceptualize Jenner's exponential wealth, but Forbes highlights its direct connection to her social media success.

Her surgically enhanced style has spawned a trend, plastic surgeons say, with more women requesting fuller lips.

Kylie Jenner is gracing the cover of FORBES and the money magazine is singing her praises for being the youngest "self-made" billionaire in the business.

I literally have so many gosh darn questions about this photo and I demand answers immediately. "Thank you for this article and the recognition".

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"I said, 'I'm ready to put up my own money".

Adding millions from TV programmes, endorsements and after-tax dividends from her company, Forbes said Jenner was "conservatively" worth US$900 million.

Jenner said she got the idea to launch her signature "lip kits" because she loved putting on lip liner as a teenager. For comparison, Forbes estimates that Jenner's older sister Kim Kardashian West is worth roughly $US350 million. She takes a 10% cut from all he six daughters' businesses for managing them.

She has a handful of full time employees, a factory in China and her marketing and finances are managed by the Kardashian matriarch, Kris Jenner.

Forbes' Natalie Robehmed detailed how Kylie Cosmetics has found success by harnessing Jenner's huge social-media following and slashing costs by outsourcing labour. "I've learned so much along the way and I hope to inspire others to follow their dreams". At only 20 years old the reality star has built a makeup empire and is on her way to becoming a billionaire.

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