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Kylie Jenner on track to become youngest "self-made" billionaire ever, Forbes says

Kylie Jenner may well be recognized to a couple as Kim Kardashian West’s more youthful sister, however the social media famous person and cosmetics magnate’s web price is greater than two times that of her sister’s. Jenner, who graces the quilt of Forbes for its annual checklist of richest self-made girls, is heading in the right direction to quickly be the youngest self-made billionaire ever.

Jenner, who turns 21 in August, is the youngest lady at the checklist, making her debut in conjunction with West. Forbes experiences that Jenner has constructed a $900 million fortune in not up to 3 years thank you largely to her wildly well-liked make-up line, Kylie Cosmetics. By contrast, Forbes pegs West’s web price at $350 million. 

Jenner and West have each constructed their empires by means of harnessing social media — Jenner has 110 million fans on Instagram. The younger mother of Stormi has offered $630 million price of make-up since she introduced Kylie Cosmetics in 2016, together with an estimated $330 million in 2017, Forbes experiences. The mag values her corporate at price just about $800 million — and Jenner owns 100 p.c of it. 

She additionally earns cash from endorsements for manufacturers like Puma and PacSun. Forbes says she’s “conservatively price $900 million,” and any other yr of enlargement will put her heading in the right direction as no longer simply the youngest feminine self-made billionaire ever, however the youngest self-made billionaire ever, duration, beating out tMark Zuckerberg, who reached the billion-dollar mark at 23. (Forbes defines “self-made” as “someone who constructed her personal fortune, and did not inherit the cash.”)

Jenner’s corporate most effective has seven full-time and 5 part-time workers. She credited social media along with her luck. “I’ve such simple get admission to to my fanatics and my consumers,” she informed Forbes.

Powerhouse degree mother Kris Jenner manages the industry aspect of Kylie Cosmetics in trade for a 10 p.c reduce, says Forbes. Kylie Cosmetics’ overhead prices are very low, Forbes issues out, making her benefit margin very, very top.

Jenner mentioned she were given the speculation to release her signature “lip kits” as a result of she cherished hanging on lip liner as an adolescent. Her mom had the foresight to develop it right into a complete make-up line and ongoing industry.

Jenner mentioned she hopes to move her industry all the way down to her daughter, Stormi: “If she’s into it,” she mentioned. 

© 2018 CBS Interactive Inc. All Rights Reserved.

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