Reality Tv star and Lip kit mogul Kylie Jenner has been named among Forbes youngest American women billionaire.
The 20 year old who runs one of the hottest makeup companies ever, Kylie Cosmetics. Kylie Jenner as the owner and Chief Executive Officer at Kylie cosmetic company has made it to the list of the Forbes youngest Women billionires in America.
Kylie Cosmetics was 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. Even using a conservative multiple, and applying our standard 20% discount, Forbes values her company.
According to Forbes they value her hard work, consistency and new cosmetic products which has released this year to boost her cosmetic business and others.
Kylie Jenner has since added other cosmetics like eye shadow and concealer, at nearly $800 million. Jenner owns 100% of it.
Kylie Jenner is the youngest person on the fourth annual ranking of America’s Richest Self-Made Women, according to Forbes.
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