What to Know
- Kylie Jenner launched Kylie Cosmetics Makeup Company about two years ago
- Jenner's net worth is about $900 million
- Jenner is ranked fourth on Forbes’ list of the country’s richest self-made women
Kylie Jenner is the youngest woman on Forbes’ list of America’s richest self-made women, earning her a spot on the cover of the magazine’s August issue.
Jenner, 20, launched Kylie Cosmetics Makeup Company two years ago. Since then, she has sold $630 million worth of makeup and boasts a net worth of $900 million, according to Forbes.
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Initially, Jenner’s company started selling lip kits for $29, according to the magazine. She has used social media as an advertising tool since. Her personal Twitter account has 25.6 million followers. About 110 million people follow Jenner on Instagram.
Jenner often posts images highlighting which Kylie Cosmetics products she’s wearing on Snapchat and Instagram, according to Forbes. She also posts videos that highlight product launches.
Jenner, who is the lone owner of the company, made a profit of $330 million last year, the magazine reports. Kylie Cosmetics is worth close to $800 million, according to Forbes’ calculation.
Another comparable year of profitability would make Jenner the youngest self-made billionaire ever, according to Forbes.
Jenner is ranked 27th on Forbes’ list of richest self-made women. Sister Kim Kardashian West also secured a spot on the list for the first time.
Billionaire Diane Hendricks, who owns a Wisconsin-based roofing supply company ABC Supply, tops the list at $4.9 billion. Oprah Winfrey also cracks the top 10 at number 6 with $3.1 billion. Other notables include Facebook COO Sheryl Sandberg ($1.55B), Vera Wang ($630M), Barbra Streisand ($400M) and Beyonce ($355M).
To create the list, Forbes evaluated the worth of each woman’s assets and stakes in public companies, according to the project’s methodology. Any woman who didn’t inherit their money was considered “self-made.” To be considered, women had to be U.S. citizens and have made all of their profits in the U.S.