With $900m fortune, Kylie Jenner set to become youngest self-made billionaire

Yolanda Curtis
July 12, 2018

In a feature story about the youngest member of the Kardashian clan, the magazine estimates that her beauty company Kylie Cosmetics-launched less than three years ago, in November 2015-is worth $800 million.

Forbes values her company - of which she owns 100% - at almost $800 million. Kris Jenner manages her daughters' finances and public relations for a 10 percent cut - meaning that past year, Kylie paid her mom $17 million.

If she does, she would easily surpass Irish tech entrepreneur John Collison, 27, as the world's youngest self-made billionaire.

The 20-year-old makeup mogul and reality star is on track to become the youngest-ever self-made billionaire, a title once held by Bill Gates and Mark Zuckerberg.

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Now, Kylie is looking to instill that same confidence in her own daughter, Stormi, who she gave birth to in February, her first child with boyfriend Travis Scott. "I have such easy access to my fans and my customers".

With her 21st birthday approaching and a new baby at home, Jenner is already looking out toward the future.

"I struggled for a minute with finding something to do on my own", she told Forbes.

The math may add up, but the term "self made" is a stretch to say the least considering she has spent most of her life starring in one of the most successful reality shows ever. She told Forbes that social is "an unbelievable platform" because she has "such easy access to my fans and my customers". She isn't some college student who pooled her pennies for an initial investment in her business.

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Jenner, who's on the cover of Forbes' August 2018 "America's Women Billionaires" issue, is worth roughly $US900 million, according to the magazine. (The remaining $100 million to Jenner's name comes from endorsements, TV payouts, and after-tax dividends from her company.) Kim Kardashian West, meanwhile, is reportedly worth a mere $350 million.

The 20-year-old's net worth has skyrocketed thanks to the success of Kylie Cosmetics.

That's when the makeup-obsessed teen chose to launch her own company. She spent months teasing the kits on Instagram and announced the launch on social media the day before they went on sale.

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