The reality star and lip kit entrepreneur is on the cover of the latest Forbes issue ranking the 60 richest self-made women in America. Though she’s not quite at billionaire status yet, but, with her cosmetics business booming, it’s just a matter of months.
Remember, Mark Zuckerberg hit the billionaire mark at the age of 23, and by all projections, Kylie will do it at 21.
Kylie comes in at number 27 on the Forbes list of women billionaires while Beyonce comes in at number 53. Diane Hendricks, who runs ABC Supply, is number 1 with a net worth of almost $5 billion.
Explaining how Kylie built a $900 Million fortune in less than 3 years, Forbes staff, Natalie Robehmed, writes:
Basically, all Jenner does to make all that money is leverage her social media following. Almost hourly, she takes to Instagram and Snapchat, pouting for selfies with captions about which Kylie Cosmetics shades she’s wearing, takes videos of forthcoming products and announces new launches. It sounds inane until you realize that she has over 110 million followers on Instagram and millions more on Snapchat, and many of them are young women and girls–an audience at once massive and targeted, at least if you’re selling lip products. And that’s before the 16.4 million who follow her company directly, or the 25.6 million who follow her on Twitter, or the occasional social media assists from her siblings and friends.