The 20-year-old, who launched her own cosmetic line, Kylie Cosmetics, less than three years ago, has already accumulated more than $900 million. Forbes said it valued her company at almost $800 million, and Jenner owns 100 percent of it.
The young mommy of five-month of daughter Stormi, Kylie will also be the youngest "self-made" billionaire ever (male or female) when she beats Facebook founder and CEO Mark Zuckerberg who became a billionaire at 23.
A comparatively small part of Jenner's fortune, around $100m, comes from endorsement deals with Puma, PacSun clothing, diet teas and other slimming products as well as her appearances on two reality shows: Keeping Up with the Kardashians and her spin-off series Life of Kylie.
"I said, 'I'm ready to put up my own money".
"Social media is an fantastic platform", she said.
"Social media is an awesome platform; I have such easy access to my fans and my customers".
Granted, being born into a rich family must have given her a pretty good head start, but her hard work and business mind can't go unnoticed.
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Kylie Jenner the youngest of the Kardashian clan has made an insane amount of money with her cosmetics line. Mama Kris Jenner stepped in from there, securing their own e-commerce platform to relaunch Kylie Lip Kits as Kylie Cosmetics on Shopify, where it just exploded.
Ever since I was in sixth grade, I would wear purple eye shadow. "I've learned so much along the way and I hope to inspire others to follow their dreams". "Thank you for this article and the recognition".
Kylie Cosmetics' overhead costs are very low, Forbes points out, making her profit margin very, very high.
"Maybe one day [I'll] pass this on to Stormi", she exclaims.
"The most successful women entrepreneurs in the country are increasingly taking advantage of technology including social media to help them launch and grow businesses", said Luisa Kroll, Forbes' assistant managing editor, wealth.
That's when the makeup-obsessed teen made a decision to launch her own company.