Kylie Jenner, who made a fortune with her popular cosmetics line, is poised to become the youngest self-made billionaire, according to Forbes magazine, which named her one of America's richest self-made women in 2018.
The 20-year-old, who launched her own cosmetic line, Kylie Cosmetics, less than three years ago, has already accumulated more than $900 million. Using its standard formulation, Forbes values the company at $800 million, and Kylie is the sole owner.
And impressively, Kylie, who gave birth to her daughter Stormi in February, owns 100% of her company.
Kylie Jenner is set to become the youngest ever self-made billionaire, Forbes revealed in a new cover story Wednesday.
Being in the spotlight with her famous family at such a young age, Kylie says she was always experimenting with beauty products, and felt passionate about makeup early on.
Adding millions from TV programs, endorsements and after-tax dividends from her company, Forbes said Jenner was "conservatively" worth $900 million.
Former Keeping Up with the Kardashians star Kylie Jenner is worth $900m (£680m) at just 20 years of age, says Forbes.More news: United Kingdom woman dies after exposure to nerve agent
The young mum credits social media for her success, as she told Forbes: 'Social media is an incredible platform. "It could easily be an instant game-changing acquisition for any company on the hunt for a winning brand with a younger customer", senior VP or merchandising at Ulta Tara Simon said.
Kylie Jenner appears on the front page of the August 31, 2018 issue of Forbes magazine. For Kylie Jenner, she was creating a cosmetic empire. "Thank you for this article and the recognition".
Some people were on her side, however: "You're all just mad because you're swimming in cash like Kylie is". "I turned to makeup to help me feel more confident". I couldn't have dreamt this up!
"Maybe one day [I'll] pass this on to Stormi", she exclaims.
Forbes reported Kylie earned 41 million dollars in the a year ago.
In a 2017 episode of the E! reality show, "Life of Kylie", the makeup mogul spoke out about becoming a CEO in her teens.