How Kylie Jenner Built A $900 Million Empire
American reality television personality, model, beauty entrepreneur, socialite and social media personality Kylie Kristen Jenner is on the cover of Forbes America’s Women Billionaires Issue (August edition).
She’s Unexageratedly worth $900 million, which along with her age makes her the youngest person on the fourth annual ranking of America’s Richest Self-Made Women. (Forbes estimate that 37-year-old Kardashian West, for comparison, is worth $350 million.) But she’s not just making history as a woman.
One more year of growth will make her the youngest self-made billionaire ever (male or female), trumping Mark Zuckerberg, who became a billionaire at age 23. (Snapchat’s Evan Spiegel also became a billionaire in his early 20’s, though it’s less clear when he passed that threshold.) However, all their wealth is gotten from the same place,” social media.” “Social media is an amazing platform,” Jenner says. “I have such easy access to my fans and my customers.”
Nevertheless, Her near-billion-dollar empire surprisingly whose customers are mostly women ages 18 to 34 consists of just seven full-time and five part-time employees. For a child who grew up on camera, it’s no surprise, Jenner has always been precocious, especially in her appearance. “Ever since I was in sixth grade, I would wear purple eyeshadow,” Jenner tells Forbes. “I turned to makeup to help me feel more confident.”
Kylie Cosmetics has already generated an estimated $230 million in net profit. And sometime later this year, its owner will likely take a title that Bill Gates and Mark Zuckerberg once held–youngest-ever self-made billionaire.