Kylie Jenner poised to become youngest billionaire ever

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

Kylie Jenner poised to become youngest billionaire ever

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.

Forbes' Natalie Robehmed details how Kylie Cosmetics has found success both by harnessing Jenner's huge social media following and slashing costs by outsourcing labor.

Of course, it all started with her now-infamous "Kylie Lip Kits", which she reportedly trademarked when she was just 17.

The beauty guru debuted her Kylie Cosmetics line two years ago, and it has since sold more than $630 million worth of makeup, the outlet reports. "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.

Make-up business mogul, reality star and influencer, Kylie Jenner, is becoming the youngest self-made billionaire ever, ahead of Mark Zuckerberg, who became a billionaire at age 23, according to Forbes.

Describing Kylie's business success, Forbes wrote on its website, "Jenner runs one of the hottest makeup companies ever". Jenner is the sole owner.

Jenner was only 10 years old when KUWTK hit the air.

"I struggled for a minute with finding something to do on my own", Kylie said. "I turned to makeup to help me feel more confident". While she became an Instagram sensation for over-lining her lips, opportunity really struck when she admitted to getting lip fillers in 2015. (In 2015, she admitted to getting temporary ones.) So, the reality star chose to capitalize on everyone's obsession. "Wow, I can't believe I'm posting my very own @forbes cover", she captioned the pic. "I don't want to do it with anyone else, '" Jenner said, adding that she used $250,000 of her savings from past modeling gigs to make her first 15,000 lip kits.

Kylie Cosmetics is now dealing with slowing growth. The magazine noted that revenue grew only 7 percent in 2017 and that lip-kit revenue dipped 35 percent from approximately $153 million in 2016 to $99 million in 2017. Forbes conservatively values the company at $800 million, with an estimated $330 million in sales a year ago.

"Maybe one day [I'll] pass this on to Stormi, if she's into it".

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

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