The 20-year old beauty mogul’s beauty range, Kylie Cosmetics grossed a whopping $900 million, making her one of the youngest self-made millionaires ever.
There’s no denying that the Kardashian-Jenner clan has infiltrated almost every possible avenue in the entertainment avenue, yes, this family is everywhere! However, all that fame has become their biggest source of revenue, that and a very business-minded momager, Kriss Jenner, particularly in the case of her youngest of the pack, Kylie Jenner.
“What her half-sister Kim Kardashian West did for booty, Jenner has done for full lips. Like Kardashian West, she has leveraged her assets to gain both fame and money. But while her sister is best-known for the former, Jenner has proved adept at the latter. In historic fashion”, says Forbes.
This all began just over two years ago when Kylie Cosmetics launched with a “lip kit” consisting of lip liner and matching lipsticks, certainly not groundbreaking however with an almost cult-like following, teens and tweens wanted to covet the “full lip” look that Kylie.
“Forbes values her company, which has since added other cosmetics like eyeshadow and concealer, at nearly $800 million. Jenner owns 100% of it.”
Mom Kris Jenner notes that social media is a great platform for exposure and it’s true. Just a few million likes on one picture means endorsement deals which have further added to Kylie’s wealth.
Kris even caught the cosmetics bug with her own range of Kris Cosmetics, inspired by Kylie, of course.
The 20-year old is one of the youngest self-made millionaires in America but more than that, Forbes anticipates that in about a year’s time Kylie will be the richest self-made billionaire in all of history. That’s grrrrl power right there!
Although we aren’t too sure what constitutes “self-made” in this case, we congratulate you, Kylie!