Kylie Jenner set to be the youngest-ever self-made billionaire

Jul 12, 2018, 19:46
Kylie Jenner set to be the youngest-ever self-made billionaire

Move over Mark Zuckerberg, Kylie Jenner is about to break the record for youngest self-made billionaire!

"Social media is an unbelievable platform", Jenner says of the digital space she uses to her advantage.

While fans were left wondering what exactly had changed with her appearance, she confirmed the news on Instagram, replying to one fan with: 'I got rid of all my filler, ' alongside a string of anxious emojis. But, Forbes reports that the lip kit wave is starting to taper off. Kylie's lip-kit revenue dropped an estimated 35% previous year, and company revenue grew by only 7%.

Back in 2016, Jenner and company first disclosed the brand's earnings in a Women's Wear Daily profile about her journey to become a billion-dollar cosmetics queen.

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The Forbes Instagram account posted a photo of Kylie's cover shot with the caption "Kylie Jenner is on track to become the youngest self-made billionaire ever, ahead of even Mark Zuckerberg, who became a billionaire at age 23".

Kylie Jenner appears on the front page of the August 31, 2018 issue of Forbes magazine. The youngest of the KarJenners, she said she felt out of place trying to carve her own niche away from the show.

Kylie Cosmetics is one of the hottest makeup companies in history. Jenner admitted during the interview that her natural lips had been "an insecurity" that she wanted to change.

And surely other people on Forbes's myriad lists (including the "30 under 30" lists) have had privileges of their own, financial or otherwise, that might weaken the "self-made" descriptor. "I don't want to do it with anyone else, '" she said.

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Kylie Jenner could soon become the youngest self-made billionaire and it all started with a $29 lip kit.

Forbes has estimated that that the company is worth $800m (£600m). However, mother Kris maintains that revenue is up "considerably" in the first six months of 2018 compared to previous year, but it's an assertion that Forbes couldn't verify.

Of course, we live in the age of social media and that has really helped Kylie reach her fans and customers. Kris, however, said selling out is "always something that we're willing to explore".

The app offers "an exclusive mix of free and premium paid content from Kylie's world, bringing you closer to her than ever before", according to its description.

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