The twenty year old billionaire entrepreneur and celebrity was recently all over the media for her current net worth. Funnily enough, she is the youngest member of the Kardashian – Jenner family and now, she is the richest member of the family. Not even Kim, who we could say is the original star and most popular member of the family, is as rich as their little half sister, Kylie.
Kylie Jenner has started making a life for herself for a while and as she is a young mother, of a beautiful girl, whom she named Stormi, she can be said to be very capable of taking care of her child. She started her own make up company; Kylie Cosmetics, and sold as many of her products as possible and has been able to come here. Who would have thought a young lipstick brand would climb up the list of young billionaires? Well, Kylie did it.
She launched her make up company, Kylie Cosmetics, about two years ago with a lip kit that sold out for 29 dollars per kit. She is said to have sold the lip kits which consists of a lip stick and lip liner each, and made about 630 Million dollars since. Reports and estimations also recorded that in 2017 alone, she made 330 million dollars from her lipstick business.
Kylie Cosmetics has grown from a lipstick brand into a full cosmetics and make up company. She now produces eye shadows, concealer, and other products. Funnily enough, she is not partnering with anyone and no one has investments or shares in her business. Forbes recently looked into the business, and valued it at 800 million dollars.
This 800 million dollars is only the amount of money she has made from her make up company. Kylie Jenner is also a brand ambassador for products like Puma and PacSun clothing’s. Not just that, she is a reality TV actor. Adding all these up, plus the about 60 million dollars she gets as Tax revenue from her business, she is well worth about 900 million dollars or more. She is the fourth richest self-made young American woman and she is going to be twenty one (21) by August.
In about a year, the Facebook CEO, Mark Zuckerberg, who became a billionaire at 23, will be displaced by Kylie Jenner. Although Mark is way richer than her, she will be taking that record from him pretty soon.
Jenner has only 12 members of staff, seven days full time members and five part time members. Surprisingly, but no so shocking, she claims that she built her business on social media. By using the power of the media, she has been able to build a personal brand and also her business.