For a girl “with no talent,” Kylie Jenner has done pretty well for herself. The makeup mogul is on the cover of Forbes’ August “Women Billionaires” issue. At just 20 years old, Jenner is worth a measly $900 million. In the article, it is revealed that Kylie Cosmetics, Jenner’s cosmetic company is worth just around $800 million and that the new mom owns 100% of the company. Kylie Cosmetics only has seven full-time and five part-time employees. That on top of the income she has from appearing on Keeping Up With The Kardashians, plus the various clothing lines she and sister Kendall Jenner have, put her on track to be the youngest “self-made” billionaire ever by this time next year.
While many are arguing “self-made” is the wrong word for Jenner’s success because of her family’s fame, it is her investment in herself that makes the term work. The youngest sister of the Kardashian clan started the company with $250,000 from her own bank account. She used that money to have 15,000 “lip kits” made. The company now sells all kinds of other makeup products like eyeshadow and Ky-liner. Her personal investment, and her use of social media to promote the company are the foundation of its success.
We have to give credit to momager Kris Jenner who handles the business side of Kylie Cosmetics in turn for the 10% management fee she takes from all of her kids. However, KJ’s help doesn’t diminish the hard work and huge investment Kylie has put into the company that has turned her into a “self-made” billionaire. What do you guys think? Is “self-made” the right term for Kylie? Let us know in the comments or at @whatstrending on Twitter!
