Kylie Jenner, Nearly A Billionaire, Is The Richest Member Of Kardashian-Jenner Family
Kylie Jenner is the youngest member of the Kardashian-Jenner clan, yet she’s already accrued more money than any of her relatives.
WHAT IS KYLIE JENNER’S NET WORTH?
Jenner, 20, is the cover model for the Aug. 31, 2018 issue of Forbes magazine, an issue dedicated to America’s women billionaires.
— Kylie Jenner (@KylieJenner) July 11, 2018
Forbes reports that thanks to her success with her cosmetic line, Jenner has become the 27th richest self-made woman in the country, estimated at around $900 million. In comparison, her elder sister Kim Kardashian is approximately worth $350 million. Additionally, while Mark Zuckerberg procured the title of being the world’s youngest self-made billionaire when he was 23, Jenner may very well usurp the title from the Facebook founder and CEO.
Kylie Cosmetics, which Jenner is the owner and founder of, is conservatively valued at $800 million, garnering roughly $330 million in sales last year. Its success can in part be accredited to Jenner’s utilization of social media. “Social media is an amazing platform,” Jenner explained to Forbes. “I have such easy access to my fans and my customers.” Another boon to the company is how it saves money by outsourcing production of its goods overseas.
Jenner included, Kylie Cosmetics employees five full-time workers, one of whom is Jenner’s own mother. The company’s growth has begun to slow down. Forbes claims its revenue only grew by seven percent last year, and Jenner’s lip-kits dipped about 35 percent in income.