|Cover Photo Credit: forbes|
Kylie Jenner Makes Forbes List of America’s Richest Self-Made Women
Kylie Jenner, the 20-year-old beauty entrepreneur, made Forbes’ yearly rundown of America’s Richest Self-Made Women.
Since establishing Kylie Cosmetics in February 2016, her company—of which she possesses 100 percent—has earned more than $630 million in income. At 20, she has figured out how to use her web based life following (110 million followers on Instagram) to build a $900 million fortune. Presently, she is gracing the front of Forbes‘ “Richest Self-Made Women” issue, arriving at No. 27. Incredibly, it’s the first run through she’s been incorporated into the rundown since it was first distributed in 2014. According to Forbes, Kylie Cosmetics is now worth nearly $800 million.
“The most successful women entrepreneurs in the country are increasingly taking advantage of technology, including social media, to help them launch and grow businesses,” editor Luisa Kroll says. “That’s one reason why we’ve seen a notable influx of Instagram-savvy moguls like 20-year-old Kylie Jenner in the ranks of America’s richest self-made women.”
“It’s incredible to be recognized for something I’m so passionate about, and I’m really grateful for that. I’ve always loved makeup and worked really hard to bring the first lip kit to market. Connecting with my fans and creating product that excites them has been an incredible process. I’ve learned so much along the way and I hope to inspire others to follow their dreams,” said Jenner, who turns 21 on Aug. 10.
Before launching her cosmetics line, which has moved past lip kits since its initial dispatch, “I struggled for a minute with finding something to do on my own,” Jenner says. In any case, she’s dependably been attracted to the charm of cosmetics.”Ever since I was in sixth grade, I would wear purple eye shadow,” the makeup mogul tells Forbes. “I turned to makeup to help me feel more confident.”
Jenner imagines she will be working on Kylie Cosmetics “forever.” But, she would “possibly” think of one as day giving over the business to her little girl, Stormi Webster “if she’s into it.”
The joined net worth of the current year’s group is $71 billion—15 percent more than last year’s. The base total assets expected to make the current year’s rundown is $320 million, up from $260 million a year ago; drop-offs incorporate Dottie Herman, Patricia Miller and Diane Von Furstenberg.
Jenner, who also makes money from endorsements, is the youngest woman to be featured.