#GirlBoss Kylie Jenner Covers Forbes As Youngest Self-Made Billionaire
Kylie Jenner, member of the Kardashian clan and founder of Kylie Cosmetics, has landed on the cover of Forbes magazine. She is “the youngest self-made billionaire ever.” The 20-year-old’s company has reportedly made $230 million in net profit, but has seen a dip in growth since its launch in 2016, when her first set of 15,000 “lip kits” sold out within a minute online. Jenner, who’s worth an estimated $900 million, insists that she’s committed to working on the company “forever,” however, Kris Jenner says selling the company is “always something that we’re willing to explore.”
As pointed out by Forbes, both Kim and Kylie have turned scandal into a booming business; Jenner initially denied that she got lip fillers or surgery to give her the signature pout and only later revealed the fillers in 2015 at age 17.
The article admits Jenner has made it all by utilizing her following on social media: 110 million on Instagram and 25.6 million on Twitter (of the fam, only Kim has more Instagram followers than Kylie at 114 million). Jenner tells Forbes, “Social media is an amazing platform.… I have such easy access to my fans and my customers." She went on to experiment with pop-ups in New York, Los Angeles and San Francisco, and sees herself working on Kylie Cosmetics “forever." The marketing maven also talks about planning a lipstick vending machine.
"Maybe one day [I'll] pass this on to Stormi, if she's into it," Jenner says. It is the family business, after all.