Kylie Jenner Will Soon Be the Youngest Self-Made Billionaire Ever

Calvin Saunders
July 12, 2018

By comparison her half-sister, Kim Kardashian West, 37, has to scrape by on a measly net worth of $350m. Kris Jenner manages her daughters' finances and public relations for a 10 percent cut - meaning that a year ago, Kylie paid her mom $17 million.

Adding millions from TV programs, endorsements and after-tax dividends from her company, Forbes said Jenner was "conservatively" worth $900 million. Since adding other cosmetics like eye shadow and concealer, Forbes values her company at almost $800 million. Much to her surprise the original 15,000 unit order sold out in less than a minute.

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

According to a July 11 report by Radar Online, Farrah Abraham is speaking out about getting rid of her lip fillers just one day after Kylie Jenner announced that she had also let her lip fillers go.

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On social media, several users scoffed at Forbes' use of the term "self-made", pointing out that Jenner's parents were already wealthy and famous.

Soon, when she's worth a billion dollars, Jenner will be the youngest "self-made" billionaire bar none, beating out even Mark Zuckerberg, who earned the title at 23.

Forbes said the firm has only 7 full-time and 5 part-time employees, with manufacturing, packaging and sales outsourced, and momager Kris handling the business side in exchange for a 10-percent management cut. Kylie will be 21 when she becomes a billionaire if things continue as they are. With no real marketing budget beyond her social strategy, Kylie has revolutionized the way brands - beauty ones in particular - create products and interact with their fans. It called her business' overhead costs "minuscule".

As it was previously reported, Forbes chose Ms. Kylie Jenner to grace their latest issue, and not everyone was impressed with their choice, including Dictionary.com, who explicitly stated the definition of "self-made" in their tweet. She takes to Instagram and Snapchat almost hourly posting pouting selfies about which shade of Kylie Cosmetics she's wearing, posts videos of upcoming products, and announces new launches.

Other reports by MaliBehiribAe

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