Thanks mostly in part to Kylie Cosmetics, Jenner has built an empire estimated to be around $900 million. Kylie Cosmetics has sold $630 million worth of make up since its inception and Kylie own 100% of Kylie Cosmetics.
Jenner told Forbes that she invested $250,000 of her own money from modeling gigs in 2015 to pay an outside company to produce the first 15,000 lip kits that eventually launched into a full-fledged cosmetic line.
She is on track to become a billionaire earlier than Mark Zuckerberg, the founder of Facebook, who achieved that status at age 23. However, not everyone out there is pleased with their choice, due to the opportunities afforded to her through Keeping Up With The Kardashians as well as Caitlyn Jenner's prowess as a world-renowned Olympic athlete.
Forbes reports that Jenner is the 27th-richest self-made woman in the United States, beating out the rest of her famous family.
Jenner's net worth now far exceeds that of anyone else in her family, according to Forbes' calculations. "It could easily be an instant game-changing acquisition for any company on the hunt for a winning brand with a younger customer", senior VP or merchandising at Ulta Tara Simon said.More news: Man harasses woman for wearing a Puerto Rico shirt, saying it’s ‘un-American’
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Love her or hate her, Kylie Jenner is one smart businesswoman, having turned a passion for beauty products into a multi-million dollar brand, Kylie Cosmetics.
"Before I even refreshed the page, everything was sold out", Jenner said. "I was insecure about my lips, and lipstick is what helped me feel confident".
As Forbes notes, Jenner's success may be fleeting; Kylie Cosmetics's revenue growth reportedly slowed previous year. She takes that money and leverages her social media following. "It brings me so much joy to watch you continue to make your @kyliecosmetics dreams a reality!"
"Maybe one day [I'll] pass this on to Stormi, if she's into it", Jenner said.
That's when the makeup-obsessed teen made a decision to launch her own company.