And that's a conservative estimate.
Speaking on Kylie's rise, Forbes wrote, "Another year of growth will make her the youngest self-made billionaire ever, male or female, trumping Mark Zuckerberg, who became a billionaire at age 23".
"Social media is an awesome platform", Jenner told Forbes. "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.More news: UK Foreign Secretary Boris Johnson resigns amid Cabinet's deep divisions over Brexit
Her sister Kim Kardashian, who propelled the family to fame with her sex tape with Ray-J before the whole family went on to score a reality TV show, congratulated Kylie with fire emojis earlier today and sharing the front cover.
While makeup and more specifically lip kits were a natural fit for Jenner ― she recently made headlines for ditching her signature lip fillers ― she says she "struggled for a minute" to identify her passion in a family where each member is successful in their own way.
Ever since I was in sixth grade, I would wear purple eye shadow. "I was insecure about my lips, and lipstick is what helped me feel confident".
Before the company started three years ago, Kylie used some $250,000 of her earnings from modeling gigs to pay an outside company to produce the first 15,000 lip kits but quickly realized she wanted to do it on her own.More news: First PGA Tour stop in Detroit is full-go for June 2019
Kylie's make up brand kicked off when she introduced her $29 lip kits that included a lip liner and a lip colour.
It's hard to conceptualize Jenner's exponential wealth, but Forbes highlights its direct connection to her social media success. She welcomed her first child named Stormi in February with rapper Travis Scott under a shroud of secrecy.
"Maybe one day [I'll] pass this on to Stormi, if she's into it". Jenner has over 110 million followers on Instagram. Using its standard formulation, Forbes values the company at $800 million, and Kylie is the sole owner.More news: Kylie Jenner Says Baby Stormi Gets Her Lips from Travis Scott!