Kylie Jenner makes Forbes list of 'self-made' billionaires

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Kylie Jenner set to become the youngest self-made billionaire on Forbes list

In a feature story about the youngest member of the Kardashian clan, the magazine estimates that her beauty company Kylie Cosmetics-launched less than three years ago, in November 2015-is worth $800 million.

How did Jenner make her fortune? The Kylie Cosmetics Instagram touts some 16 million followers while Kylie Jenner's personal page, which she regularly endorses her makeup on, has roughly 110 million followers.

In an interview with the magazine, Jenner, 20, credited her social media following for the giant business she has built.

Kylie's company Kylie Cosmetics is worth almost $800 million and she owns 100% of the company.

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

"Even using a conservative multiple, and applying our standard 20 percent discount, Forbes values her company, which has since added other cosmetics like eyeshadow and concealer, at almost $800 million".

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

Jenner has become the youngest person to ever appear in the ranking, and is estimated to be on her way to becoming the youngest self-made billionaire ever, ahead of even Mark Zuckerberg, who became a billionaire at age 23. "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.

"Ever since I was in sixth grade, I would wear purple eye shadow", Jenner said.

Having made headlines as a teenager for using lip implants, Kylie Cosmetics' first product was a "lip kit", which combined a lipstick and lip liner.

"I struggled for a minute with finding something to do on my own... Jenner owns 100 percent of it", Natalie Robehmed writes.

After trademarking the brand in 2014, Jenner said she put up $250,000 of her own money made from modeling contracts and endorsement deals to kick-start the brand with the first batch of lip kits.

"Maybe one day [I'll] pass this on to Stormi, if she's into it."

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