King Kylie! Forbes says Jenner is set to be youngest self-made billionaire

Today, the financial magazine Forbes estimates that she is worth $900m, making her not just the richest member of the Kardashian-Jenner clan (Kim Kardashian West is believed to be worth around $350m), but on course to become the youngest self-made billionaire ever.

According to Forbes' calculations, that makes her not only the Jenner or Kardashian with the highest net worth, but the 27th-richest self-made woman in the United States.

Theo Wargo via Getty Images Travis Scott and Kylie Jenner attend the 2018 Met Gala. She told Forbes that social is "an incredible platform" because she has "such easy access to my fans and my customers".

"Add to that the millions she's earned from TV programs and endorsing products like Puma shoes and PacSun clothing, and $60 million in estimated after-tax dividends she's taken from her company, and she's conservatively worth $900 million". I have such easy access to my fans and my customers'.

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.

The other $100 million of revenue comes from profits generated from her appearances on her family's reality show and other social media endorsements. Within the next year, she's set to become the youngest self-made billionaire ever, besting Facebook founder Mark Zuckerberg and Snapchat king Evan Spiegel.

"Before I even refreshed the page, everything was sold out", Jenner said.

Of course, it all started with her now-infamous "Kylie Lip Kits", which she reportedly trademarked when she was just 17. "I was insecure about my lips, and lipstick is what helped me feel confident". Since adding other cosmetics like eye shadow and concealer, Forbes values her company at almost $800 million. Jenner is both the face of the company and the sole owner. "I don't want to do it with anyone else, '" Jenner said, adding that she used $250,000 of her savings from past modeling gigs to make her first 15,000 lip kits.

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

(Copyright © 2015. All Rights Reserved.)
 
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