Kylie Jenner poised to become youngest billionaire ever
Kylie Jenner poised to become youngest billionaire ever
Kylie Jenner set to become the youngest self-made billionaire on Forbes list
12 July, 2018, 01:41
The 20-year-old Kylie, who is the youngest of the Kardashian-Jenner sisters, is worth $900m and is tipped by Forbes to become the youngest billionaire in the world.
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.
Forbes reports that Jenner is now the 27th richest self-made woman in the United States, beating out the rest of her famous family (her older sister Kim Kardashian is worth an estimated $350 million).
As Radar readers know, Kim and Kylie have been involved in a battle of the influencers ever since Kylie's lip injections and makeup line launched her massive career. While she became an Instagram sensation for over-lining her lips, opportunity really struck when she admitted to getting lip fillers in 2015.
In a video interview with the same magazine, Kylie says she was inspired to create these lips kits due to her own insecurity about her own lips.
Cape Town - Think about what you've been doing for the past three years, while you've been doing that, Kylie Jenner has been making millions of dollars.
The young mum credits social media for her success, as she told Forbes: 'Social media is an fantastic platform. Kris, however, said selling out is "always something that we're willing to explore".
"Social media is an unbelievable platform; I have such easy access to my fans and my customers".
In just two years, since Kylie Cosmetics launched with just a $29 (£22) lip kit - a lipstick and lip liner - the youngest of the Kardashian-Jenner clan has gone on to sell more than $630 million (£475 million) worth of make up.
Jenner said she hopes to pass her business down to her daughter, Stormi: "If she's into it", she said. Jenner owns 100% of it. The magazine values her company at worth almost $800 million - and Jenner owns 100 percent of it.
"Before I even refreshed the page, everything was sold out", Jenner recalled. 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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