Kylie Jenner poised to become youngest billionaire ever

  • Kylie Jenner poised to become youngest billionaire ever

Kylie Jenner poised to become youngest billionaire ever

The 20-year-old stars on the August cover of the glossy with its issue focused on the "2018 List of America's Richest Self-Made Women, A Ranking of the Most Successful Women Entrepreneurs in the Country"!

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.

Following the release of Kylie's feature, proud sister Kim Kardashian West took to Twitter to congratulate her on making the cover.

Kylie's make up brand kicked off when she introduced her $29 lip kits that included a lip liner and a lip colour. While she became an Instagram sensation for over-lining her lips, opportunity really struck when she admitted to getting lip fillers in 2015.

After trademarking the brand in 2014, Jenner said she put up $250,000 of her own money made from modeling contracts and endorsement deals to kick-start the brand with the first batch of lip kits.

Kylie Jenner may be the youngest sibling of the Kardashian-Jenner clan, but she is also the family member bringing in the most cash. She told Forbes that social is "an awesome platform" because she has "such easy access to my fans and my customers". Kris, however, said selling out is "always something that we're willing to explore". I have such easy access to my fans and my customers'.

In addition to bringing in millions from her families' reality shows and many more millions from product endorsement deals, Forbes estimates her booming makeup company, Kylie Cosmetics, is worth almost $800 million. Jenner is both the face of the company and the sole owner.

"Even using a conservative multiple, and applying our standard 20 percent discount, Forbes values her company, which has since added other cosmetics like eyeshadow and concealer, at almost $800 million".

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

However, a lot of people out there criticized her haters, stating that they were merely jealous and resentful of her accomplishments, and would never be able to amass a fortune of a billion dollars, even if they wanted to.