Kylie Jenner, described by Forbes as “the youngest member of the Kardashian-Jenner industrial complex,” is worth, conservatively, $900 million, the magazine reports in a cover story on Jenner and women billionaires for its Aug. 31 issue.
The 20-year-old, who gave birth to baby daughter Stormi in February, runs what the magazine calls “one of the hottest makeup companies ever.”
“Kylie Cosmetics launched two years ago with a $29 ‘lip kit’ consisting of a matching set of lipstick and lip liner, and has sold more than $630 million worth of makeup since, including an estimated $330 million in 2017,” Forbes reports. “Even using a conservative multiple, and applying our standard 20% discount, Forbes values her company, which has since added other cosmetics like eye shadow and concealer, at nearly $800 million. Jenner owns 100% of it.”
The report also notes: “Add to that the millions she’s earned from TV programs and endorsing products like Puma shoes and PacSun clothing, and $60 million in estimated after-tax dividends she’s taken from her company, and she’s conservatively worth $900 million, which along with her age makes her the youngest person on the fourth annual ranking of America’s Richest Self-Made Women.”
We encourage readers to click on the link above to Forbes to read the full report.