Kylie Jenner poised to become youngest billionaire ever

Courtesy Of Forbes View View 25

Courtesy Of Forbes View View 25

Estimated to be worth US$900 million ($1.3 billion), the 20-year-old landed at the number 27 spot on the yearly rich list, eclipsing her older half-sister Kim Kardashian, owner of KKW Beauty, who came in at 54 with US$350 million ($518 million).

Kylie Cosmetics launched two years ago with a $29 lip kit consisting of a matching set of lipstick and lip liner, and she has sold more than $630 million worth of makeup since, including an estimated $330 million in 2017 alone. Jenner owns 100 per cent of it.

The 20-year-old makeup mogul and reality star is on track to become the youngest-ever self-made billionaire, a title once held by Bill Gates and Mark Zuckerberg.

Kylie Jenner may be the youngest sibling of the Kardashian/Jenner clan, but she is also the family member bringing in the most cash.

Jenner's net worth now far exceeds that of anyone else in her family, according to Forbes' calculations. "I have such easy access to my fans and my customers". Her mother had the foresight to grow it into a full makeup line and ongoing business.

Powerhouse stage mom Kris Jenner manages the business side of Kylie Cosmetics in exchange for a 10 percent cut, says Forbes.

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The reality TV star, of course, boasts one of the most robust social media followings around with over 110 million followers on Instagram and millions more on Snapchat and Twitter.

"Ever since I was in sixth grade, I would wear purple eye shadow", she remembers.

She later went on to launch her brand Kylie Cosmetics, which included a line of lip products created to help customers make their lips look bigger through over-lining and filling.

"Thank you @Forbes for this article and the recognition", added Kylie. She credited social media with her success. I'm so blessed to do what I love everyday.

Reflecting on the future, Jenner said she plans on working on Kyle Cosmetics "forever" noting that maybe one day she'll "pass this on to" daughter Stormi "if she's into it". "I've learned so much along the way and I hope to inspire others to follow their dreams".

That's when the makeup-obsessed teen chose to launch her own company.

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