Kylie Jenner poised to become youngest billionaire ever

Lawrence Kim
July 11, 2018

Within the next year, she's set to become the youngest self-made billionaire ever, besting Facebook founder Mark Zuckerberg and Snapchat king Evan Spiegel.

The magazine estimates Jenner's net worth to be roughly $900 million, making her the 27th-richest self-made woman in the United States. In comparison, sister Kim Kardashian is estimated to be worth around $350 million.

"Social media is an awesome platform", says Kylie, who ranks No. 27 on the list. "It could easily be an instant game-changing acquisition for any company on the hunt for a winning brand with a younger customer", senior VP or merchandising at Ulta Tara Simon said. According to Forbes, she sold more than $630 million worth of makeup since its launch, including an estimated $330 million in 2017. Kylie - who owns 100% of the company, now worth almost $800 billion - credits social media for helping her build such a massive following of customers.

Ultimately, her fortune success from one source: "Social media is an awesome platform", Jenner says.

However, the magazine says it would take more than a slow year of sales to stop Jenner from reaching billionaire status and making history. The youngest of the KarJenners, she said she felt out of place trying to carve her own niche away from the show.

"I said, 'I'm ready to put up my own money". When Jenner chose 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. But it was always makeup that Kylie was passionate about.

"Ever since I was in sixth grade, I would wear purple eye shadow", she remembers. While she became an Instagram sensation for over-lining her lips, opportunity really struck when she admitted to getting lip fillers in 2015. (In 2015, she admitted to getting temporary ones.) So, the reality star made a decision to capitalize on everyone's obsession.

"We consider any person who built her own fortune, and didn't inherit the money, to be self-made", Forbes' methodology reads. "I don't want to do it with anyone else, '" Jenner said. After leaping to $307 million in 2016, revenue was up just 7% in 2017, despite the addition of 30 products.

"Maybe one day [I'll] pass this on to Stormi, if she's into it", Kylie told the publication, adding that she plans on keeping the business going "forever".

Other reports by Click Lancashire

Discuss This Article

FOLLOW OUR NEWSPAPER