Twitter Reacts to Kylie Jenner Becoming the Youngest Self-Made Billionaire
11 July, 2018, 20:07 | Author: Dominic Spencer
Makeup mogul and former human Lip Filler Kylie Jenner is on the cover of the latest issue of Forbes magazine, being heralded as a self-made billionaire. With her Puma deal, television shows Keeping Up With the Kardashians and Life of Kylie, and other endorsement deals, $900 million is probably a conservative guess at Jenner's fortune.
Say what you want about the Kardashian-Jenner family, they can make it rain and the youngest, Kylie Jenner, is about to become a "self-made" billionaire at the tender age of 21.
In addition to bringing in millions from her families' reality shows and many more millions from product endorsement deals, Forbes estimates her booming makeup company, Kylie Cosmetics, is worth almost $800 million. I have such easy access to my fans and my customers'.
In 2016, Kylie Cosmetics debuted with a $29 "lip kit" (for the uninitiated, it's a matching lipstick and liner duo), and, according to Forbes, she has sold more than $630 million worth of makeup since - including an estimated $330 million in 2017 alone.
Forbes' Natalie Robehmed details how Kylie Cosmetics has found success both by harnessing Jenner's enormous social media following and slashing costs by outsourcing labor.
The company's own social pages have over 16 million followers directly on Instagram, and 25.6 million on Twitter, plus her sisters and and friends also regularly promote the brand on social media.
Cape Town - Think about what you've been doing for the past three years, while you've been doing that, Kylie Jenner has been making millions of dollars. Kylie - who owns 100% of the company, now worth almost $800 billion - credits social media for helping her build such a massive following of customers.
"Ever since I was in sixth grade, I would wear purple eye shadow", Jenner said. At the time, Kris Jenner, Kylie's mother, who rakes in 10 percent of all her children's earnings, said the company had collected $420 million in retail sales over 19 months. "Wow, I can't believe I'm posting my very own @forbes cover", she captioned the pic.
Her first round of kits sold out in less than a minute.
"Maybe one day [I'll] pass this on to Stormi, if she's into it", said Kylie, who adds that she plans on working on Kylie Cosmetics "forever".
Two years on, Kylie now sell a whole range of other cosmetics from blushers and highlighers (or "Kylighters") to eyeshadow pallettes, lip glosses and brush kits.
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Of course, let's not forget the official advice, and that is to breastfeed your child for his six months of life - exclusively. Other babies need a little longer to get used to new textures so may prefer smooth or blended foods on a spoon at first.
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