Culture&Arts

Kylie Jenner, 20, on her way to being the youngest self-made billionaire

Kylie Jenner, 20, on her way to being the youngest self-made billionaire

The 20-year-old graces the cover of Forbes' August issue and the magazine estimates her current wealth at a whopping $900 million.

With her 21st birthday approaching and a new baby at home, Jenner is already looking out toward the future. Thanks mostly in part to Kylie Cosmetics, Jenner has built an empire estimated to be around $900 million.

"Social media is an awesome platform", Jenner says of the digital space she uses to her advantage.

Kylie Jenner might be known to some as Kim Kardashian West's younger sister, but the social media star and cosmetics mogul's net worth is more than twice that of her sister's.

Not to mention the millions she's earned from her many endorsement deals, TV appearances and retail goods from the Kendall + Kylie Clothing brand she shares with sister Kendall Jenner.

"Social media is an wonderful platform; I have such easy access to my fans and my customers".




The mag values her Kylie Cosmetics makeup company - of which she owns 100% of - at almost $800 million.

Forbes says Jenner, who recently become a mom, is likely to break Facebook founder Mark Zuckerberg's record for being the youngest self-made billionaire at age 23 - though some will argue that Jenner's success isn't entirely "self-made."

Forbes reports that Kylie Cosmetics is now worth almost $800 million (R10.7 billion) and Jenner owns 100% of the company.

"Before I even refreshed the page, everything was sold out", Jenner recalled. "I turned to makeup to help me feel more confident". "I don't want to do it with anyone else, '" Jenner told Forbes, saying she used almost a quarter million dollars of her own money from modeling to make the first 15,000 lip kits. Jenner owns 100% of it.

One person wrote, "Everyone is hating on Kylie because Forbes said she was a self-made billionaire, but the truth is that half of you would never be able to do what she has done, regardless of the position you were born into". She has become so dominant on social media that when she tweeted that she had become bored with Snapchat, its parent company's stock lost 6% of its value within a day, around $1.3bn.