Published: Wed, July 11, 2018
Culture&Arts | By Laurence Reese

Kylie Jenner poised to become youngest billionaire ever

Kylie Jenner poised to become youngest billionaire ever

With Kylie making headlines for other reasons including giving birth to her and Travis Scott's first daughter, and more recently getting rid of her lip fillers, fans were completely unaware that the cosmetic queen was becoming one of the richest women in the America.

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.

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.

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The 20-year-old landed on the 27th spot on the list thanks to her highly successful Kylie Cosmetics, most notably Jenner's popular Lip Kits. Kylie - who owns 100% of the company, now worth almost $800 billion - credits social media for helping her build such a massive following of customers. Her famous sister Kim Kardashian West is only worth $350 million by comparison.

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.

When adding into account her product endorsements with brands including Puma shoes and PacSun clothing, the reality TV star's net worth is estimated to around $900 million. Forbes said it valued her company at almost $800 million, and Jenner owns 100 percent of it. Another year of growth will make her the youngest self-made billionaire ever. "I turned to makeup to help me feel more confident".

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Before the company started three years ago, Kylie used some $250,000 of her earnings from modeling gigs to pay an outside company to produce the first 15,000 lip kits but quickly realized she wanted to do it on her own. Despite the success of her latest venture, makeup brand KKW Beauty, the company has only grossed about $100 million in revenue since its launch in 2017.

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

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