Kylie Jenner On Track To Become America's Youngest Billionaire
12 July, 2018, 19:46 | Author: Kristopher Anderson
Half-sister of Kim Kardashian West, who is also on the list for the first time, Jenner has leveraged her massive social media following (110 million followers on Instagram) to build a United States dollars 900 million cosmetics empire Kylie Cosmetics in less than three years. "I don't want to do it with anyone else, '" Jenner told Forbes, saying she used almost a quarter million dollars of her own money from modeling to make the first 15,000 lip kits.
Thank you, Zuckerberg, for sacrificing Facebook so that Kylie Jenner can be called the youngest "self-made" billionaire by Forbes.
According to the Forbes article, Kylie is set to beat Mark Zuckerberg's record for being the youngest self-made billionaire, a title that he secured at age 23.
Kylie says her business started with $250,000 of her own money that she made from modelling and endorsement deals.
Jenner said she got the idea to launch her signature "lip kits" because she loved putting on lip liner as a teenager.
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Jenner owns 100 per cent of the company. It doesn't sound like much until you consider the fact that she has more than 110 million followers on Instagram alone, many of whom are young women and girls-the target audience for those peddling lip gloss and mascara.
Forbes, is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the world's top companies (the Forbes Global 2000), and The World's Billionaires.
While fans were left wondering what exactly had changed with her appearance, she confirmed the news on Instagram, replying to one fan with: 'I got rid of all my filler, ' alongside a string of anxious emojis.
Earlier today, Forbes dropped a bombshell in form of a cover story on the soon-to-be youngest "self-made" billionaire. $854 million) worth of makeup, including an estimated $330 million (approx. "And because of those minuscule overhead and marketing costs, the profits are outsize and go right into Jenner's pocket", Forbes wrote. "She teaches me something new every day about everything".
Kylie says she'll be working on Kylie Cosmetics forever, but would consider passing it down to her daughter Stormi Webster someday, "if she's into it". See what Kylie said her inspiration was just 6 months before the launch of her first lip kit. She's just that popular, especially with millennials.
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