Whatever picture was hanging on the largest wall in Kris Jenner’s momager office (possibly a blown-up still from Kim’s porno) has surely been taken down today and replaced with a giant, framed picture of her youngest and most lucrative money maker on the cover of this month’s issue of Forbes. Last year it was reported that Kylie Jenner’s makeup company made $420 million in 18 months of retail sales. A year later, and Kylie Cosmetics has more than doubled their sales at $900 million. According to Forbes, 20-year-old Kylie is on her way to becoming the youngest self-made billionaire.
Kylie’s lips may be flatter, but her pockets are packed full. Forbes did a conservative calculation on the value of Kylie’s company, and they came up with nearly $800 million. Kylie owns 100% of her company. She turns 21 in August, and if her sales keep going the way they’re going, she’ll be the youngest self-made billionaire. For reference, Mark Zuckerberg became a billionaire from Facebook at 23, while Evan Spiegel became a billionaire via Snapchat sometime in his early 20s (it’s not known exactly what age he hit $1 billion).
She’s also already the youngest person on Forbes’ list of the richest self-made women in America, and clocks in higher than Kim Kardashian (whose brand is valued at $350 million). Kylie also ranks higher than Judge Judy, which should be qualified as a crime against humanity.
Kylie tells Forbes that her success comes from her reach on social media and access to her fans (she has over 110 million followers on Instagram). I’m sure that’s all redundant to Kris Jenner, who reportedly made $17 million off Kylie last year from her momager commission.
When asked if Kylie would pass her business down to her daughter Stormi Webster, Kylie says she’d do it if that’s something Stormi is interested in. Oh Kylie, how sweet and naive of you. As if the child of an almost-billionaire would willingly choose to work. The closest she’ll come to the Kylie Cosmetics brand will be to use a Kylie eyeshadow palette as a coaster in her chauffeured Bentley.
Pic: Jamel Toppin/Forbes