Keeping Up with the Kardashians star, Kylie Jenner is set to become the youngest ever self-made billionaire as ranked by Forbes.
The young mother and youngest of the Kardashian-Jenner siblings is set to trump Mark Zuckerberg, who became a billionaire at age 23.
Kylie made her onscreen debut at the age of 10 in the first episode of her family’s popular TV series ‘Keeping Up with the Kardashians’. Growing up in the midst of her sisters, Kourtney, Kim, Khloe, Kendall and brother Rob, who were all known in the public limelight for obvious careers ranging from mobile gaming, modeling and even socks, Kylie as a teenager felt adrift growing up in finding something to do, “I struggled for a minute with finding something to do on my own,” recalled Kylie. She started off making seven figures as a model, notching endorsement deals with British retailer Topshop and sinful colors nail polish, among others.
According to Forbes magazine, Jenner runs one of the hottest makeup companies ever. Kylie cosmetics launched two years ago with a $29 ‘lip kit’ consisting of a matching set of lipstick and lip liner, and has sold more than $6030 million in 2017. Even using a conservative multiple, and applying our standard 20% discount, Forbes values her company, which has since added other cosmetics like eye shadow and concealer, at nearly $800 million. Jenner owns 100% of it.
Kylie, who has over the years been clear about her insecurities about her lips, disclosed that as a result of that she developed the habit of applying liner beyond her lips natural perimeter to create illusion of bigger lips. In August 2014, at age 17, she presciently trademarked the phrase “Kylie Lip Kits” for the perfect pot, two years before going out on her own.
Kylie doubles up as the sixth personality on Instagram with huge followers of 110 million. Her kit, which was launched on social media sold out in less than a minute on November 30, 2015.