Forbes says Kylie Jenner, 20, is about to make history as youngest self-made billionaire. Here’s how she did it
The young model and reality TV star is already worth US$900 million and is poised to pass the billion-dollar mark within a year
Reality TV star and model Kylie Jenner is on track to become the youngest self-made billionaire thanks to the booming cosmetics company she launched two years ago, Forbes magazine reported on Wednesday.
Jenner, 20, half-sister of Kim, Khloe and Kourtney Kardashian, debuted Kylie Cosmetics in 2016 with US$29 lip kits containing matching lipstick and lip liner, and has since sold more than US$630 million worth of make-up.
Forbes said it valued her company at nearly US$800 million and that Jenner owns 100 per cent of it.
Adding millions from TV programmes, endorsements and after-tax dividends from her company, Forbes said Jenner was “conservatively” worth US$900 million. Another year of growth would make her the youngest-self made billionaire ever, male or female, the magazine said.
If she does, she would easily surpass Irish tech entrepreneur John Collison, 27, as the world’s youngest self-made billionaire.
Jenner first grabbed the spotlight as part of the Keeping Up with the Kardashian” reality TV show with her mother and siblings. Forbes estimated that Kim Kardashian, who has her own cosmetics, clothing and mobile games lines, is worth US$350 million.
In an interview with Forbes, Jenner credited social media for helping drive her success.
“Social media is an amazing platform,” she said. “I have such easy access to my fans and my customers.”