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Kylie Jenner on track to become youngest "self-made" billionaire ever, Forbes says

Kylie Jenner could be identified to a few as Kim Kardashian West’s more youthful sister, however the social media megastar and cosmetics wealthy person’s internet value is greater than two times that of her sister’s. Jenner, who graces the quilt of Forbes for its annual checklist of richest self-made girls, is not off course to quickly be the youngest self-made billionaire ever.

Jenner, who turns 21 in August, is the youngest lady at the checklist, making her debut together with West. Forbes studies that Jenner has constructed a $900 million fortune in lower than 3 years thank you largely to her wildly widespread make-up line, Kylie Cosmetics. By contrast, Forbes pegs West’s internet value at $350 million. 

Jenner and West have each constructed their empires by way of harnessing social media — Jenner has 110 million fans on Instagram. The younger mother of Stormi has bought $630 million value of make-up since she introduced Kylie Cosmetics in 2016, together with an estimated $330 million in 2017, Forbes studies. The mag values her corporate at value just about $800 million — and Jenner owns 100 % of it. 

She additionally earns cash from endorsements for manufacturers like Puma and PacSun. Forbes says she’s “conservatively value $900 million,” and every other yr of enlargement will put her not off course as now not simply the youngest feminine self-made billionaire ever, however the youngest self-made billionaire ever, length, beating out tMark Zuckerberg, who reached the billion-dollar mark at 23. (Forbes defines “self-made” as “any individual who constructed her personal fortune, and did not inherit the cash.”)

Jenner’s corporate handiest has seven full-time and 5 part-time workers. She credited social media together with her luck. “I’ve such simple get admission to to my lovers and my consumers,” she informed Forbes.

Powerhouse degree mother Kris Jenner manages the trade facet of Kylie Cosmetics in alternate for a 10 % lower, says Forbes. Kylie Cosmetics’ overhead prices are very low, Forbes issues out, making her benefit margin very, very prime.

Jenner mentioned she were given the speculation to release her signature “lip kits” as a result of she cherished placing on lip liner as a teen. Her mom had the foresight to develop it right into a complete make-up line and ongoing trade.

Jenner mentioned she hopes to go her trade right down to her daughter, Stormi: “If she’s into it,” she mentioned. 

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