WHAT’S BEING CLAIMED:
- Kylie Jenner will be on the cover of the upcoming issue of Forbes for the month of August.
- According to Forbes, Kylie makes it to the magazine’s list of America’s Richest Self-Made Women at age 20 with an impressive net worth of $900 million.
- The business magazine predicts that Kylie could become a self-made billionaire by next year at age 21, surpassing Facebook CEO Mark Zuckerberg who became a billionaire at age 22.
Kylie Jenner, one of Kris Jenner’s famous daughters, will grace the cover of a magazine—and it’s not a celebrity or a fashion magazine.
Kylie is definitely keeping up as she makes it to Forbes magazine’s list of America’s Richest Self-Made Women at age 20. The makeup mogul is right on track to become the youngest self-made billionaire by next year, with an estimated net worth of $900 million.
Jenner’s jaw-dropping fortune mainly comes from the cosmetic empire she launched in 2016—Kylie Cosmetics. The company started out with the insanely popular Kylie Lip Kits.
Kylie – the youngest of Kris Jenner’s six children – exclusively owns the brand. The business operates out of her mother’s home in California with only seven full-time employees and is reportedly valued at $800 million.
Jenner’s wealth is even made more extraordinary when compared to her older sister, Kim Kardashian, whose net worth is at $350 million, according to Forbes.
Kylie is set to become a self-made billionaire by next year at age 21. That means, she would surpass Mark Zuckerberg, Facebook co-founder, who reached his first billion when he was 23.
Kylie tells Forbes, “I struggled for a minute with finding something to do on my own.”
With the guidance of her mom and manager, Kris Jenner, she was able to earn a fortune in modeling and got quite a lot of endorsement deals, but it has always been makeup that she was most passionate about.
“Ever since I was in sixth grade, I would wear purple eye shadow,” she fondly recalls. “I turned to makeup to help me feel more confident.”
Apart from Kylie Lip Kits, Kylie Cosmetics is selling a wide selection of different makeup and beauty products. In addition to her widely popular cosmetic company, Jenner generates steady cash flow from various other sources such as her Puma deal, the reality television shows “Keeping Up with the Kardashians” and “Life of Kylie” and other endorsements deals.
Source: NY Daily News