Twitter Reacts to Kylie Jenner Becoming the Youngest Self-Made Billionaire

12 Julio, 2018, 02:15 | Author: Gregg Anderson
  • Courtesy Of Forbes View View 25

"Kylie Cosmetics launched two years ago with a $29 "lip kit" consisting of a matching set of lipstick and lip liner". In a cover story about the 20-year-old multi-millionaire, Forbes conservatively values the company at $800 million, with an estimated $330 million in sales last year. Not to mention the millions she's earned from her many endorsement deals, TV appearances and retail goods from the Kendall + Kylie Clothing brand she shares with sister Kendall Jenner.

By comparison her half-sister, Kim Kardashian West, 37, has to scrape by on a measly net worth of $350m.

Forbes reports that Jenner is the 27th-richest self-made woman in the United States, beating out the rest of her famous family.

"Social media is an wonderful platform", Jenner said in an interview with the magazine. "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. But a month shy of her 21st birthday, Jenner has parlayed Kardashian West's fame-and infamy-into a thriving business and a net worth of almost three times that of her sister's.

"Before I even refreshed the page, everything was sold out", Jenner recalled. "I don't want to do it with anyone else, '" she recalls of the kits that sold out in less than a minute. She regularly posts information and photos about new product lines for her 110 million Instagram followers. "Thank you for this article and the recognition". "I turned to makeup to help me feel more confident". I'm so blessed to do what I love everyday. "I've learned so much along the way and I hope to inspire others to follow their dreams".

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Some people were on her side, however: "You're all just mad because you're swimming in cash like Kylie is".

Earlier this week Jenner, a mother of one daughter named Stormi, announced she would stop receiving lip injections, known as dermal fillers.

That's when the makeup-obsessed teen chose to launch her own company.

Kylie Cosmetics' overhead costs are very low, Forbes points out, making her profit margin very, very high.

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