Kylie Jenner, 20, about to become youngest self-made billionaire

Kylie Jenner, 20, about to become youngest self-made billionaire

Kylie, who was placed on the cover of Forbes' "America's Women Billionaires," launched her own cosmetic brand called Kylie Cosmetics less than three years ago, and has since sold more than $630 million worth of makeup, according to Forbes.

She later repeated the post, writing: "Wait I'm posting this again just because!" Kris Jenner manages her daughters' finances and public relations for a 10 percent cut - meaning that past year, Kylie paid her mom $17 million. Kylie - who owns 100% of the company, now worth almost $800 billion - credits social media for helping her build such a massive following of customers. "I've learned so much along the way and I hope to inspire others to follow their dreams". Thanks to this minuscule overhead and marketing costs, Forbes writes, the profits are outsize and go directly to Jenner.

The ranking, which is in its fourth year, collates America's most successful self-made women entrepreneurs and executives as measured by their net worth.

Forbes released its fourth annual list of the richest self-made women in the USA on Thursday, singling out Kylie Jenner for recognition on the magazine's cover.

Of course, we live in the age of social media and that has really helped Kylie reach her fans and customers.

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Forbes said the firm has only 7 full-time and 5 part-time employees, with manufacturing, packaging and sales outsourced, and momager Kris handling the business side in exchange for a 10-percent management cut. With that said, Kylie is on her way to become the youngest self-made billionaire ever, surpassing some guy named Mark Zuckerberg from Facebook. "Kim is not giving her credit for coming up with these things, and Kylie is just sick of it".

And while billionaires like Zuckerberg and Snapchat's Evan Spiegel made their fortunes creating social media platforms, Kylie is making hers by leveraging them.

"Maybe one day [I'll] pass this on to Stormi, if she's into it", Kylie told the publication, adding that she plans on keeping the business going "forever". She will likely cross the billion-dollar mark next year.

Kylie used $250,000 of her modeling earnings to manufacture the first 15,000 lip kits. On Sunday, she revealed on Instagram that she had ditched them.

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