Kylie Jenner set to become the youngest self-made billionaire on Forbes list

Courtesy Of Forbes View View 25

The young mum credits social media for her success, as she told Forbes: 'Social media is an fantastic platform.

The youngest Jenner, who is on the cover of the August edition of the American business magazine, is on the "America's Richest Self-Made Women" list.

In addition to bringing in millions from her families' reality shows and many more millions from product endorsement deals, Forbes estimates her booming makeup company, Kylie Cosmetics, is worth almost $800 million. 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.

Her sister Kim Kardashian, who propelled the family to fame with her sex tape with Ray-J before the whole family went on to score a reality TV show, congratulated Kylie with fire emojis earlier today and sharing the front cover.

"Another 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", Robehmed reported.

"I struggled for a minute with finding something to do on my own", she tells Forbes.

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"Thank you @Forbes for this article and the recognition", added Kylie.

According to Forbes' calculations, that makes her not only the Jenner or Kardashian with the highest net worth, but the 27th-richest self-made woman in the United States. "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. But it was always makeup that Kylie was passionate about.

"It has sold more than $630 million worth of makeup since, including an estimated $330m in 2017".

After trademarking the brand in 2014, Jenner said she put up $250,000 of her own money made from modeling contracts and endorsement deals to kick-start the brand with the first batch of lip kits. "I don't want to do it with anyone else, '" Jenner said.

Two years on, Kylie now sell a whole range of other cosmetics from blushers and highlighers (or "Kylighters") to eyeshadow pallettes, lip glosses and brush kits. After leaping to $307 million in 2016, revenue was up just 7% in 2017, despite the addition of 30 products.

While Kylie dismissed the idea of selling out, Kris knows you never say never.

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