Kylie Jenner's net worth nears $1 billion, richer than Kim Kardashian

Kylie Jenner poised to become youngest billionaire ever

Kylie Jenner is on the cover of Forbes' "America's Women Billionaires" issue, with the magazine estimating the cosmetics entrepreneur is worth $900 million.

"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", Robehmed reported.

Kylie Jenner just landed a cover of a magazine nobody was expecting: Forbes' America's Women Billionaires issue.

And let's not sleep on this, her momager Kris Jenner no doubt is set for a hefty chunk of the change. The current title holder is Facebook CEO Mark Zuckerberg who became a billionaire at age 23.

Forbes' Natalie Robehmed details how Kylie Cosmetics has found success both by harnessing Jenner's vast social media following and slashing costs by outsourcing labor. I have such easy access to my fans and my customers'.

Forbes reports that Jenner is now the 27th richest self-made woman in the United States, beating out the rest of her famous family (her older sister Kim Kardashian is worth an estimated $350 million).

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The reality TV star, of course, boasts one of the most robust social media followings around with over 110 million followers on Instagram and millions more on Snapchat and Twitter. According to Forbes, she sold more than $630 million worth of makeup since its launch, including an estimated $330 million in 2017.

While there's no doubt that Kylie Jenner billionaire, people are a bit dubious about the "self-made" part.

"I struggled for a minute with finding something to do on my own", Jenner explained. 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.

After trademarking the brand in 2014, Jenner said she put up $250,000 of her own money made from modeling contracts and endorsement deals to kick-start the brand with the first batch of lip kits. "Before I even refreshed the page, everything was sold out".

"Even using a conservative multiple, and applying our standard 20% discount, Forbes values her company, which has since added other cosmetics like eye shadow and concealer, at almost $800m".

Reflecting on the future, Jenner said she plans on working on Kyle Cosmetics "forever" noting that maybe one day she'll "pass this on to" daughter Stormi "if she's into it".

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