Jenner's company, which she wholly owns, is worth $800m, according to Forbes.
She's already the youngest person on Forbes' list of richest self-made USA women and another year of growth would make her the youngest self-made billionaire ever, beating Mark Zuckerberg, who crossed the threshold at the age of 23. Kylie Jenner owns 100% of Kylie Cosmetics.
Kylie Jenner is 20 years old.
Her success has been attributed to her fame and ability to leverage social media. "I have such easy access to my fans and my customers". Thanks to this minuscule overhead and marketing costs, Forbes writes, the profits are outsize and go directly to Jenner.
I literally have so many gosh darn questions about this photo and I demand answers immediately. There are only five full-time employees, with Jenner's mother, Kris Jenner, handling finances and public relations in exchange for a 10% management cut, the report says.
"The beauty industry was Kylie's gig and Kim had enough on her plate alreadyOpens a New Window.", an insider exclusively told Radar.
Today, Forbes Magazine featured Kylie Jenner as one of their "Self-Made Billionaire Women," in fact, they put her directly on the cover. 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.
Jenner admitted during an episode of Keeping Up With The Kardashians in 2015 that her natural lips had been "an insecurity" that she wanted to change with temporary lip fillers.
And that isn't the only revenue stream for the 20-year-old. But she undeniably upped the ante with the launch of her super successful makeup line, Kylie Cosmetics, which started with a modest collection of lipsticks and coordinating liners in 2016.
"Maybe one day [I'll] pass this on to Stormi", she exclaims.