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techkenyot.com July 17, 2018


Kylie Jenner Covers Forbes Magazine Women Billionaires Issue

11 July 2018, 11:58 | Elsie Buchanan

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

Kylie Jenner's Favourite Show To Binge Watch Has Has A Major Connection To Canada featured image

The 20-year-old social media starlet turned makeup mogul has built her Kylie Cosmetics brand to an astonishing $900 million fortune, according to the publication, thus becoming the richest member of the Kardashian-Jenner clan.

Last month, ET caught up with Kim at the launch of her KKW Beauty and Fragrance pop-up shop in Los Angeles, where she revealed how her and husband Kanye West's eldest daughter, 5-year-old North, is already making her own beauty decisions.

The 20-year-old with her seemingly unstoppable makeup empire, Kylie Cosmetics, is one of seven newcomers on the list, which includes the likes of her sister Kim Kardashian.

Kylie Cosmetics is dealing with slowing growth - Forbes reports that revenue grew just 7% a year ago, with lip-kit revenue dropping an estimated 35%. While she became an Instagram sensation for over-lining her lips, opportunity really struck when she admitted to getting lip fillers in 2015.

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

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. When Jenner chose to go into the beauty business, and make a career out of her biggest insecurity, she already had a massive number of followers to sell to.

Ultimately, her fortune success from one source: "Social media is an wonderful platform", Jenner says. I have such easy access to my fans and my customers'.

"Ever since I was in sixth grade, I would wear purple eye shadow", Jenner said.

England target World Cup final but Croatia stand in the way
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Forbes values her company - of which she owns 100% - at almost $800 million. Jenner is both the face of the company and the sole owner.

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.

"Maybe one day [I'll] pass this on to Stormi", she exclaims.

She has a handful of full time employees, a factory in China and her marketing and finances are managed by the Kardashian matriarch, Kris Jenner.

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