Published: Thu, July 12, 2018
Entertaiment | By Lawrence Myers

Lip gloss boss: Kylie Jenner to be youngest self-made billionaire in history

Lip gloss boss: Kylie Jenner to be youngest self-made billionaire in history

Jenner, who graces the cover of Forbes for its annual list of richest self-made women, is on track to soon be the youngest self-made billionaire ever.

Forbes said it valued her company at almost $800 million and that Jenner owns 100 per cent of it. She is the daughter of Kris Jenner - who was previously married to the prominent lawyer Robert Kardashian - and famed Olympian Caitlyn Jenner, and her ritzy Calabasas upbringing was documented on the reality show "Keeping Up With the Kardashians". Kim Kardashian also made this list at number 54, with an estimated net worth of $350 million.

In an interview with Forbes, Jenner credited social media for helping drive her success.

The young mum credits social media for her success, as she told Forbes: 'Social media is an wonderful platform. "I have such easy access to my fans and my customers".

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Meanwhile, Kim, 37, has been in the reality TV business for most of Kylie's life-and she still hasn't become quite as rich!

There has always been rumors that Kylie Jenner's Kylie Cosmetics (the brand that launched the OG lip kit and a million copycats) was on its way to being a billion-dollar business, and now it appears that historic milestone is closer than ever. For her part, Kylie seems less keen to compare and more keen on creating more lip kits.

Of course, it all started with her now-infamous "Kylie Lip Kits", which she reportedly trademarked when she was just 17.

Some people were on her side, however: "You're all just mad because you're swimming in cash like Kylie is".

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"Before I even refreshed the page, everything was sold out", Jenner recalled. "I was insecure about my lips, and lipstick is what helped me feel confident".

"Thank you @Forbes for this article and the recognition", added Kylie.

"Maybe one day [I'll] pass this on to Stormi, if she's into it", Jenner said.

Kylie Cosmetics' overhead costs are very low, Forbes points out, making her profit margin very, very high. I couldn't have dreamt this up!

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She won't turn 21 until August but she already runs one of the hottest makeup companies ever, as well as being a new mum.

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