Twitter Reacts to Kylie Jenner Becoming the Youngest Self-Made Billionaire

Twitter Reacts to Kylie Jenner Becoming the Youngest Self-Made Billionaire

At 20, Kylie Jenner is making history as the youngest person on Forbes magazine's list of America's Richest Self-Made Women.

She has a handful of full time employees, a factory in China and her marketing and finances are managed by the Kardashian matriarch, Kris Jenner. When Jenner made a decision to go into the beauty business, and make a career out of her biggest insecurity, she already had a massive number of followers to sell to.

Coming in at number 27, with an estimated net worth of $900 million, the 20-year-old is the sole owner of her cosmetics line, Kylie Cosmetics, with virtually no partners or capital.

Ultimately, her fortune success from one source: "Social media is an awesome platform", Jenner says. For comparison, Forbes estimates that Jenner's older sister Kim Kardashian West is worth roughly $350 million. Since adding other cosmetics like eye shadow and concealer, Forbes values her company at almost $800 million. I have such easy access to my fans and my customers'.

The new mother of Stormi Webster came into limelight from her appearances in her family's television show 'Keeping up with the Kadarshians'.

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The mag values her Kylie Cosmetics makeup company - of which she owns 100% of - at almost $800 million.

Speaking on Kylie's rise, Forbes wrote, "Another year of growth will make her the youngest self-made billionaire ever, male or female, trumping Mark Zuckerberg, who became a billionaire at age 23".

"Ever since I was in sixth grade, I would wear purple eye shadow", Jenner says. "I don't want to do it with anyone else, '" she recalls of the kits that sold out in less than a minute.

Since then, the company has sold $630m of makeup, helped in a large part by Jenner's own social media presence.

The company was launched with $250,000 (£188,000) of Kylie's own money she had earned from modelling; she produced 15,000 lip kits and teased the launch for months on Instagram. She has become so dominant on social media that when she tweeted that she had become bored with Snapchat, its parent company's stock lost 6% of its value within a day, around $1.3bn.

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