Kylie Jenner is on track to be youngest self-made billionaire
Tyga must be kicking himself.
The Kardashian half-sister has built a $900 million fortune at the very young age of twenty years old. Which not only makes her the richest Kardashian/Jenner, but also will make her the youngest self-made billionaire in the United States.
The young mother, who gave birth to daughter Stormi in February, set up Kylie Cosmetics two years ago and the company has already sold more than $630 million worth of makeup, the magazine said.
Her near-billion-dollar empire consists of just seven full-time and five part-time employees. Manufacturing and packaging? Outsourced to Seed Beauty, a private-label producer in nearby Oxnard, California. Sales and fulfillment? Outsourced to the online outlet Shopify. Finance and PR? Her shrewd mother, Kris, handles the actual business stuff, in exchange for the 10% management cut she takes from all her children. As ultralight startups go, Jenner's operation is essentially air. And because of those minuscule overhead and marketing costs, the profits are outsize and go right into Jenner's pocket.
Forbes said she used $250,000 earned from modeling to pay a company to produce the first 15,000 lip kits, which she spent months teasing on Instagram. They sold out in less than a minute at the November 2015 launch.
Forbes estimated that Kim Kardashian, who has her own cosmetics, clothing and mobile games lines, is worth $350 million.
But she's not just making history as a woman. Another year of growth will make her the youngest self-made billionaire ever, male or female, trumping Mark Zuckerberg, who became a billionaire at age 23. Snapchat's Evan Spiegel also became a billionaire in his early 20s.
You go girl!
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