Kylie Jenner Will Unseat Mark Zuckerberg as the Youngest Self-Made Billionaire in History
September 23, 2018 11:07 AM
By Adetoun Adeyemo
kyliejenner Wow. i can’t believe I’m posting my very own @forbes cover. thank you for this article and the recognition. I’m so blessed to do what i love everyday. i couldn’t have dreamt this up! #KylieCosmetics
In her new Forbes cover story, it’s revealed that the social media star, beauty mogul, and new mom is on track to become the youngest self-made billionaire, male or female, in history. Zuckerberg, now estimated to be worth more than $70 billion, went from millionaire to billionaire at age 23 with Facebook’s IPO. Jenner will turn 21 in August.
According to the feature, the company Jenner founded less than three years ago, Kylie Cosmetics, of which she is the sole owner, has amassed more than $630 million in sales. Currently worth $900 million (transcending older sister Kim Kardashian West’s estimated $350 million), her fortune, which includes proceeds from her TV show, endorsement deals, and after-tax dividends, is on track to hit the billion-dollar mark within the next year. An incredible feat, considering it started with a $29 Lip Kit that sold out in less than a minute in 2015, she told Vogue.
Yet, despite her eye-watering wealth and commercial success, she hasn’t forgotten how far she’s come. “Wow,” wrote Jenner on Instagram. “I can’t believe I’m posting my very own Forbes cover. Thank you for this article and the recognition. I’m so blessed to do what I love every day. I couldn’t have dreamt this up!”