Kylie Jenner is considered America’s richest self-made woman leaving behind JK Rowling, Kim Kardashian, and other famous ladies. She is also on the road to becoming the world’s youngest billionaire, formerly Bill Gates, and then Mark Zuckerberg was considered to have a billion fortune, making the record at 23. Since Kylie Jenner is still only 20, she might break the record much earlier and become the world’s youngest self-made billionaire.
According to Forbes, Kylie Jenner’s net worth is estimated to be around $900 million, out of which $100 million comes from endorsement deals for well-known brands and from acting in various reality shows. In comparison, a significant part of $800 million comes from her makeup company Kylie Cosmetics, which she owns 100%. Let us look at where it all started, how her journey began from being born as the youngest member of the famous Kardashian family to becoming the youngest self-made billionaire, earning more than double her sisters’ fortune.
At 10, she started performing debut roles in her family reality show Keeping Up with the Kardashians in 2007. Spotted out from several occasional guest appearances in the show, she was credited by the Times magazine as the most influential teen on social media. Like her sisters, Kylie started modelling for magazines and other clothing lines, such as Ok! Magazine, Teen Vogue and Sears Crush your Style, respectively. Hence her first earnings came from modelling and reality shows from contracts of over $80 million.
With her elder sister Kendall, she started several fashion brands, including the famous clothing brand Kendall & Kylie and the jewellery line Kendall & Kylie Jewelry collection. They also began Steve Madden‘s Madden Girl Line, having men's bomber jackets, shoes and handbags. Finally, both of them also launched a gaming app known as the Kendall & Kylie by Glu app in February 2016, thus making fortunes from her fashion lines and paid apps.
Being a famous model and a TV star, she became extremely popular on social media at a very young age. She has 26.1 million followers on Twitter and 124 million followers on Instagram. She holds the most viewed account on Snapchat. She turned her family fame and the crazy social media following into a business venture in 2015 when she launched her first-ever lip kit worth 29 dollars, which sold out in just a few minutes. She used her earnings to produce the fashion line, initially having only 15 000 lip kits. After gaining immense fame, Kylie lip kit relaunched in February 2106 as Kylie Cosmetics expanded her fashion brand by introducing lip kits, eyeshadow, concealers and brushes. Her products are not sold in any stores or marketed door-to-door like other competitors in the industry. Kylie manages her social media accounts and updates her followers about each and every product launched. Kylie has sold nearly $630 million in makeup in just three years. Since Kylie owns the company 100 %, she has only seven full-time and five part-time employees, while her mother manages all the finance. That is why Kylie is considered the youngest self-made millionaire by Forbes, earning an estimated $ 900 million fortune from her fashion line.
As she opened her eyes in the home of reality stars, many people debated the term “self-made”, titled Forbes in their cover magazine. Still, it should be noted that Kylie’s entrepreneurial skills are extraordinary. She has covered a journey from a millionaire to a billionaire in only three years. Kylie’s net worth in January 2015 was estimated to be $5 million, while in 2018, her net worth reached over $900 million. As quickly as her fortune rises,, she is rightly expected to top the list and become the world’s youngest self-made billionaire ever.
