With $900m fortune, Kylie Jenner set to become youngest self-made billionaire

With $900m fortune, Kylie Jenner set to become youngest self-made billionaire

Forbes released its fourth annual list of the richest self-made women in the US on Thursday, singling out Kylie Jenner for recognition on the magazine's cover.

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.

Since then, Kylie Cosmetics has sold more than $630 million worth of makeup, generating an estimated $230 million in net profit. "I don't want to do it with anyone else, '" Jenner said.

Kylie's make up brand kicked off when she introduced her $29 lip kits that included a lip liner and a lip colour. The magazine values her company at worth almost $800 million - and Jenner owns 100 percent of it.

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The success of Kylie Cosmetics is mostly linked to the new mom's legion of loyal social media followers, who are quick to snatch up whatever items she promotes. I have such easy access to my fans and my customers'. Forbes says she's "conservatively worth $900 million", and another year of growth will put her on track as not just the youngest female self-made billionaire ever, but the youngest self-made billionaire ever, period, beating out tMark Zuckerberg, who reached the billion-dollar mark at 23.

"I struggled for a minute with finding something to do on my own", she told Forbes.

Ever since I was in sixth grade, I would wear purple eye shadow. "I turned to makeup to help me feel more confident". Jenner is both the face of the company and the sole owner.

The company was launched with $250,000 (£188,000) of Kylie's own money she had earned from modelling; she produced 15,000 lip kits and teased the launch for months on Instagram. But as she started making money as a model, adding endorsement deals with British retailer Topshop and others, it all began to add up and her appearance began to be a business. For comparison, Forbes estimates that Jenner's older sister Kim Kardashian West is worth roughly $350 million. She has become so dominant on social media that when she tweeted that she had become bored with Snapchat, its parent company's stock lost 6% of its value within a day, around $1.3bn.

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