Kylie Cosmetics officially launched in 2016, and stands at a current valuation of $800 million. A rarity in the business world, Jenner owns 100% of the business. Continuing on the track she is at now, between the success of Kylie Cosmetics, her brand endorsements and TV paychecks, Jenner will become the youngest self-made billionaire ever. This would trump even Mark Zuckerberg, who crossed the billionaire threshold at 23. Jenner is 20. Navigating through the business world wasn't always easy for Jenner, who talked to Forbes about finding her "something" that would separate her from other social media stars, including her sister Kendall Jenner, and stepsisters Kim, Khloe and Kourtney Kardashian. "I struggled for a minute finding something to do on my own," Jenner tells the magazine. After admitting to temporary lip fillers, the world focused on the young star's plump lips. Between this attention and years of infatuation with makeup and beauty products, Jenner cashed in on the idea. "I said 'I'm ready to put up my own money. I don't want to do it with anyone else," Jenner recalls. Due to successful marketing, high-quality products and Jenner utilizing her 110 million Instagram followers, the company brought in $307 million in less than a year. The following year, that number only skyrocketed. Jenner says she forsees herself working on Kylie Cosmetics "forever," but hopes that she can share the wealth with her daughter Stormi, born in February. "Maybe one day I'll pass this on to Stormi, if she's into it," Jenner admits. Check out the Forbes cover and some of the footage from the cover shoot.<doc-sep>By the end of the next year, Kylie Jenner will be a billionaire. At least, that’s what Forbes has just predicted in an in-depth feature they published about the 20-year-old cosmetics tycoon. Titled "How 20-Year-Old Kylie Jenner Built A $900 Million Fortune In Less Than 3 Years," the piece delves into Kylie Cosmetics' staggering statistics, picking apart exactly how the youngest Kardashian-Jenner clan member built one of the most coveted makeup brands of all time. Forbes also claims that Jenner's wealth is self-made — a statement that didn't go down well with everyone. Countless people took to Twitter to question how someone with Jenner's heritage — with her family's wealth and status — can really be considered "self-made." And while that's a fair point, it's undeniable that she is making the most of the gifts life has given her. In terms of success, the numbers speak for themselves. Forbes' article is stacked to the brim with ridiculous figures. To make the figures and business facts more digestible, we've condensed them down into bite-sized chunks, which you can feed upon below. Overall, Kylie Cosmetics is worth approximately $800 million The numbers Forbes has attached to Jenner’s company are, in a word, insane. In the two years since starting the brand, which she launched using $250,000 of her modeling earnings to produce the first 15,000 lip kits, she has raked in astronomical profits. Starting with a $29 lip kit and expanding to include other cosmetics such as eyeshadow and concealer, in 24 months she has sold more than $630 million worth of makeup. Forbes now values her company at $800 million. And Jenner owns 100 percent of it. The business essentials are kept relatively cheap One of the primary reasons Jenner has been able to sell so much and bank eyebrow-raising profits is her overheads. She outsources pretty much everything. Her entire empire is built on just seven full-time members of staff and five part-time employees. Everything else is handled by other companies. Her manufacturing and packaging, for example, are done by a private-label producer called Spatz Laboratories and its parent company Seed Beauty. They collectively employ more than 500 people solely to take care of Kylie Cosmetics. Shopify was then brought in by Kris Jenner to handle the sales and fulfillment. To use that shopping platform, Jenner pays around $480,000 per year, which is peanuts when considering that she has no brick and mortar location (bar a couple of pop-ups and short-term concessions) and therefore no rent to pay. And mama Jenner handles all the business and finance aspects in return for the 10 percent management cut she takes from all her children. She has millions of fans at her fingertips Of course, none of this would be as easy or have happened as fast if Jenner didn't have her entire target audience at her fingertips. On Instagram, she has an automatic link to the 110 million people following her personal account. On Snapchat, she has even more. She has 25.6 million followers on Twitter and 16.4 million who follow Kylie Cosmetics. And that's before the boosts she gets from siblings and friends. What's more, she's extremely active. Her feed is updated constantly with selfies captioned with the details of the Kylie Cosmetic shade she's wearing. She uses her platforms to tease new products and announce launches, which generally reaps fruitful rewards. In 2015, for example, she teased the kits on IG for months and then announced the launch 24 hours before they went on sale. The kits sold out in less than a minute. Resellers started offering the $29 product on eBay for up to $1,000. "Before I even refreshed the page, everything was sold out," Jenner says. Natalie Robehmed / Forbes She’s en route to dethroning Mark Zuckerberg as the youngest self-made billionaire ever All this wealth and success comes before you even consider the extra bank made via TV shows and movies (such as Keeping Up With the Kardashians, Life of Kylie, and Ocean's 8) and endorsing Puma shoes and PacSun clothing. Add this to an estimated $60 million in after-tax dividends and the money seeping in from Kylie Cosmetics, and it's not really a surprise that the young mother has ended up on Forbes' fourth annual ranking of "America's Richest Self-Made Women." If she does reach the $1 billion mark by the end of next year, by which point she'll be 22, Jenner will become the youngest self-made billionaire ever. She will have trumped Mark Zuckerberg, who reached the threshold at 23, and Bill Gates, who was 31. And that, you have to admit, is pretty damn impressive. Are you impressed by Kylie Jenner's empire? Let us know in the comments. Next, sober celebs are more visible than ever — is it finally time to stop drinking?<doc-sep>This Wednesday, Kylie Jenner graced the new Forbes magazine cover and landed on the publication’s annual list of the 60 Most Successful Women Entrepreneurs in America. In an exclusive interview, the 20-year-old discussed her massive fortune worth $900 million USD which is largely due to her booming Kylie Cosmetics line alongside millions she’s accrued from her clothing line with Kendall, endorsements deals with the likes of PUMA as well as TV appearances. She claims that social media is the linchpin to keeping devotees who are quick to snap up the items she promotes on her cosmetics and personal Instagram pages that have amassed a grand total of 126 million followers combined. “Social media is an amazing platform,” Kylie Jenner said. “I have such easy access to my fans and my customers.” Echoing Forbes, if Jenner’s success continues she will surely be the youngest billionaire. Let us know your thoughts below and then head over to Forbes to read the entire interview.<doc-sep>
Kylie Jenner, 20, is on track to become the youngest 'self-made' billionaire in America thanks to her ever-growing beauty empire, according to Forbes magazine. The Lip Kit mogul launched her cosmetics company in 2016 with $29 sets containing matching lipstick and lip liner, and has since sold more than $630 million worth of makeup. Forbes said it valued her company at nearly $800 million and that Kylie owns 100 percent of it. Adding millions from TV shows, endorsements and after-tax dividends from her company, Forbes said Kylie was "conservatively" worth $900 million. (Image: Forbes) Another year of growth would make her the youngest-self made billionaire ever, male or female, the magazine said. However, not everyone agreed with the 'self-made' description. Even Dictionary.com waded in, tweeting: "Self-made means having succeeded in life unaided. "Used in a sentence: Forbes says that Kylie Jenner is a self-made woman." Kylie first grabbed the spotlight as part of the Keeping Up with the Kardashians reality TV show with her mum Kris Jenner and her siblings. Forbes estimated that Kim Kardashian, who has her own cosmetics, clothing and mobile games lines, is worth $350 million. (Image: Instagram) In an interview with Forbes, Kylie credited social media for helping drive her success. "Social media is an amazing platform," she said. "I have such easy access to my fans and my customers." Momager Kris and her siblings all took to social media to congratulate the 20-year-old. Just days earlier Kylie revealed she had some of her lip filler removed. (Image: Instagram) She was showing off her natural, deflated pout on Instagram, when one fan commented, "she looks like the old Kylie here idk why." "I got rid of all my filler," replied. And fans were loving her toned-down look, with one commenting, "I like your smaller pout it looks so natural and cute." "Ohh my goddd kylie you look so beautiful the way you originally are now don’t change you are sooo gorgeous with the natural you yassss slay," gushed another.