Kylie Jenner Covers Forbes As The Next Youngest Self-Made Billionaire

Kylie Jenner Covers Forbes As The Next Youngest Self-Made Billionaire

The 20-year-old graces the cover of Forbes' August issue and the magazine estimates her current wealth at a whopping $900 million.

And let's not sleep on this, her momager Kris Jenner no doubt is set for a hefty chunk of the change.

There has always been rumors that Kylie Jenner's Kylie Cosmetics (the brand that launched the OG lip kit and a million copycats) was on its way to being a billion-dollar business, and now it appears that historic milestone is closer than ever. According to Forbes, she sold more than $630 million worth of makeup since its launch, including an estimated $330 million in 2017.

"Social media is an unbelievable platform", Kylie Jenner told Forbes in an interview released Wednesday.

Kylie's company Kylie Cosmetics is worth almost $800 million and she owns 100% of the company.

"Social media is an fantastic platform; I have such easy access to my fans and my customers".

The other $100 million of revenue comes from profits generated from her appearances on her family's reality show and other social media endorsements.

Iran Warns India Against Oil Imports From US and Saudi Arabia
Iran, OPEC's third-largest producer, is facing U.S. sanctions on its oil exports that are prompting some buyers to cut purchases. It said that the United States was "not granting waivers" to any country which was in business with Iran.

The 20-year-old's net worth has skyrocketed thanks to the success of Kylie Cosmetics. Forbes says she's "conservatively worth $900 million", and another year of growth will put her on track as not just the youngest female self-made billionaire ever, but the youngest self-made billionaire ever, period, beating out tMark Zuckerberg, who reached the billion-dollar mark at 23.

"We consider any person who built her own fortune, and didn't inherit the money, to be self-made", Forbes' methodology reads.

"Before I even refreshed the page, everything was sold out", Jenner recalled. I do feel like people don't take me seriously as a businesswoman because of my age and my reputation. "I don't want to do it with anyone else, '" Jenner said, adding that she used $250,000 of her savings from past modeling gigs to make her first 15,000 lip kits.

And not only that, but they also sat down with the Kylie Cosmetics maven for a short clip (above) where the new mom opened up about paving her own way. Using its standard formulation, Forbes values the company at $800 million, and Kylie is the sole owner.

Jenner's company only has seven full-time and five part-time employees.

"Maybe one day [I'll] pass this on to Stormi", she exclaims.

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