Forbes has released its annual ranking of America's richest self-made women, which includes are seven newcomers, four of whom have built all or part of their fortunes in the beauty business, and two sisters from the same family. Kim Kardashian West and, more notably, her younger sister Kylie Jenner, who is the youngest woman ever included on the list, made the exclusive cut.
In less than three years, Kylie has leveraged her fame to build her cosmetics empire, Kylie Cosmetics, to a a $900 million USD fortune, which is pretty bloody remarkable when you consider she's just 20-GOD-DAMN-years-old. (Everybody now: "WHAT THE FUCK HAVE WE BEEN DOING WITH OUR LIVES????!!!!!!!!")
Right now, the mother-of-one is considered somewhat of a wunderkind in the highly competitive cosmetics world. With a new-age business model that challenges classic brands like Estee Lauder and Revlon, as Forbes put it on their August cover, this reality-star-come-beauty-mogul "is set to be the youngest ever self-made billionaire". That's male or female, people. One more year of growth and we're all gonna be like, 'Mark Zucker-who?'
As the face and the sole owner of the company, Forbes conservatively estimates Kylie Cosmetics is worth $US800 million, with an estimated $US330 million in sales last year. To put that figure into perspective, Kim Kardashian West's net worth is roughly valued at $US350 million which is still ah-mazing, but three times less than Kylie's.
According to the financial publication, Kylie and her sisters have embraced a "new model of extreme fame leverage" that is "radically reshaping business, culture, and politics."
On the news of her Forbes listing Kylie took to Instagram to share the cover and told her 110 million followers, "I can't believe I'm posting my very own @forbes cover. thank you for this article and the recognition. I'm so blessed to do what I love everyday. I couldn't have dreamt this up!".