Now worth $900 million (knocking big sis Kim Kardashian off the top slot with an estimated $350 million), she is on track to hit the billion-dollar mark within the next year.
"We consider any person who built her own fortune, and didn't inherit the money, to be self-made", Forbes' methodology reads.
While the cover spot itself wasn't an issue (another Kar-Jenner on front of a glossy is nothing novel, these days-not even for Forbes), many readers pointed out that the title "self-made" doesn't acknowledge the major head start she had in her business. "I don't want to do it with anyone else, '" Jenner told Forbes, saying she used almost a quarter million dollars of her own money from modeling to make the first 15,000 lip kits.
Forbes reports that Kylie Cosmetics, founded in 2016, is now worth almost US$800 million and the beauty mogul, who plumped up her own pout with lip fillers up until recently, owns 100 per cent of the company.
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Oddly enough, she has since chose to forego her regular lip injections and she's starting to look more like her old-self just as her business is about to burst into the billions bracket. And (if you believe a somewhat dubious Forbes article) she's very close to becoming a billionaire.
Two years on, Kylie now sell a whole range of other cosmetics from blushers and highlighers (or "Kylighters") to eyeshadow pallettes, lip glosses and brush kits.
Just yesterday, Forbes named her "the youngest-ever self-made billionaire". Jenner owns 100% of it.
Jenner's net worth now far exceeds that of anyone else in her family, according to Forbes' calculations.
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NO!" The EU did strike back with retaliatory tariffs on United States goods. "We do have a lot of allies, but we can not be taken advantage of".
The company has just seven full-time and five part-time employees and they outsource a lot of their overheads including manufacturing, packaging and sales.
The bulk of her income is derived from Kylie Cosmetics, best known for its lip kits. The reality star, who was sacked from Teen Mom OG earlier this year, revealed that she planned to get the proper amount of filler injected back into her lips once her current filler was dissolved.
She also hopes Stormi might inherit the family business, theorizing, "Maybe one day [I'll] pass this on to Stormi, if she's into it".
Kylie used $250,000 of her modeling earnings to manufacture the first 15,000 lip kits.
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