Kylie Jenner has been revealed to be the richest member of the Kardashian-Jenner family.
On Wednesday, Forbes magazine unveiled their August issue, showing the 20-year-old reality-star-turned-beauty-mogul on the cover for an issue focused on ‘America’s Women Billionaires’.
According to the magazine, Kylie – who is set to turn 21 on August 10 – is currently worth an estimated $900million thanks to her cosmetics line.
Once she crosses the $1billion mark, she will unseat Facebook’s Mark Zuckerberg as the youngest-ever self-made billionaire.
In the story accompanying the cover, Forbes said they estimate that Kylie Cosmetics has raked in $630million since it launched in 2015.
‘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 nearly $800 million. Jenner owns 100% of it.
‘Add to that the millions she’s earned from TV programs and endorsing products like Puma shoes and PacSun clothing, and $60 million in estimated after-tax dividends she’s taken from her company, and she’s conservatively worth $900 million, which along with her age makes her the youngest person on the fourth annual ranking of America’s Richest Self-Made Women,’ the article reads.
According to the article, Kylie employs just seven full-time and five part-time employees at her company, outsourcing production and sales.
As with all of her kids, Kris handles her daughter’s finance’s and public relations for a 10 per cent fee. Last year, that meant Kylie paid her mom $17million.
Kylie talked about launching the business in a beauty video for Vogue in June.