Step aside, Mark Zuckerberg. With the help of her lip kits, Kylie Jenner is poised to become the youngest self-made billionaire ever.
The 20-year-old covers the new issue of Forbes' America’s Women Billionaires issue. 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.
“Even using a conservative multiple, and applying our standard 20 percent discount, Forbes values her company, which has since added other cosmetics like eyeshadow and concealer, at nearly $800 million. Jenner owns 100 percent of it,” Natalie Robehmed writes.
Add the value of her company with various income from Keeping Up With the Kardashians, her collabs with PacSun, Puma shoes, and more, and she’s valued at a whopping $900 million total. In comparison, her 37-year-old sister Kim Kardashian's estimated worth is about a third of that, at $350 million.
If Jenner keeps this up, she’s expected to make history by becoming the youngest self-made billionaire of both men and women within the next year. Zuckerberg currently holds the record after passing the threshold at 23.
It’s hard to conceptualize Jenner’s exponential wealth, but Forbes highlights its direct connection to her social media success. When Jenner decided to go into the beauty business, and make a career out of her biggest insecurity, she already had a massive number of followers to sell to. "Social media is an amazing platform," Jenner told Forbes. "I have such easy access to my fans and my customers."
It looks like little Stormi Webster, Kylie's son with Travis Scott, is set for life. Congrats on being rich!
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