Kylie Jenner Net Worth: Lip Kit Queen Named Youngest Self Made Billionaire Again
8 April 2020, 11:44 | Updated: 8 April 2020, 12:09
Kylie Jenner is the youngest self-made billionaire at 22 years old, thanks to her success with her makeup brand Kylie Cosmetics. What is the Keeping Up With The Kardashians star’s net worth?
Kylie Jenner, 22, is the world’s youngest self made billionaire for the second year in a row, after first being announced by Forbes to hold the title in 2019 when she took over from Facebook founder Mark Zuckerberg who was 23 when he landed the same spot.
After building her empire of Kylie Cosmetics which she founded in 2015, Keeping Up With The Kardashians star Kylie has raked in an eye-watering fortune of her own.
What is Kylie Jenner’s net worth?
Kylie now has a staggering net worth of $1 billion, which roughly equates to an astounding £811million.
How did Kylie Jenner become a billionaire?
The reality TV star can credit her bank statement to her globally famous cosmetics company, Kylie Cosmetics.
Kylie founded the brand in 2015 by selling lip kits consisting of lipsticks and a matching lip liner.
She has since expanded the business to sell a range of other cosmetics such as blushers, highlighters, concealers, eyeshadow palettes, and even skincare – products which are all just as popular as her lip kits.
This and the extortionate price she can charge for social media posts mean she's boosted her fortune by millions over the past few years.
Kylie cemented her place at the top of the youngest billionaires list in November when she sold 51 per cent of her makeup brand to multi-national beauty company Coty Inc for $600million (£490million).
Kylie Cosmetics is now valued at $1.2billion (£1.1billion), meaning she still receives a generous pay check from her remaining 49 per cent share.
That same month she rose to the top of the Instagram Rich List according to HopperHQ, meaning she rakes in on average $1,266,000 (£1 million) per sponsored social media post.
What has Kylie Jenner said about her billionaire status?
Kylie told Forbes of her achievement: “I didn't expect anything. I did not foresee the future. But [the recognition] feels really good. That's a nice pat on the back.”
Well, we’re very impressed with the 22-year-old.