Wednesday, 11 July 2018

How 20-year-old Kylie Jenner leveraged her massive social media following to build a $900M cosmetics fortune in less than 3 years

Kylie Jenner is now the richest member of the Kardashian-Jenner clan after leveraging on her massive social media following to build a $900M cosmetics fortune in less than 3 years.

On Wednesday, Forbes magazine unveiled the cover of their August issue, showing the 20-year-old reality-star-turned-beauty-mogul on the cover for an issue focused on 'America's Women Billionaires'.

According to the magazine, Kylie - who is set to turn 21 on August 10 - is currently worth an estimated $900million thanks to her cosmetics line.

Once she crosses the $1billion mark, she will unseat Facebook's Mark Zuckerberg as the youngest-ever self-made billionaire.

Forbes said they estimate that Kylie Cosmetics has raked in $630million since it launched in 2015.

'Even using a conservative multiple, and applying our standard 20% discount, Forbes values her company, which has since added other cosmetics like eye shadow and concealer, at nearly $800 million. Jenner owns 100% of it.

'Add to that the millions she's earned from TV programs and endorsing products like Puma shoes and PacSun clothing, and $60 million in estimated after-tax dividends she's taken from her company, and she's conservatively worth $900 million, which along with her age makes her the youngest person on the fourth annual ranking of America's Richest Self-Made Women,' the article reads.


According to the article, Kylie employs just seven full-time and five part-time employees at her company, outsourcing production and sales.

As with all of her kids, Kris Jenner handles her daughter's finance's and public relations for a 10 per cent fee. Last year, that meant Kylie paid her mom $17million.

 Kylie recently welcomed a baby girl named Stormi (mother and daughter pictured left) with rapper Travis Scott (couple pictured on the right)
Other Kardashian-Jenner's worth..

Kris Jenner: $60million

Caitlyn Jenner: $100million

Kourtney Kardashian: $35million

Kim Kardashian-West: $350million

Khloe Kardashian: $40million

Kendall Jenner: $18million

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