Lip gloss boss: Kylie Jenner to be youngest self-made billionaire

Lip gloss boss: Kylie Jenner to be youngest self-made billionaire

Jenner, who is now not old enough even to legally drink alcohol in the United States, will turn 21 in August before her Forbes cover edition hits newsstands. For comparison, Forbes estimates that Jenner's older sister Kim Kardashian West is worth roughly $US350 million.

As Forbes notes, Jenner's success may be fleeting; Kylie Cosmetics's revenue growth reportedly slowed previous year.

Forbes values her company - of which she owns 100% - at almost $800 million. Facebook's Zuckerberg now holds the title after he became a billionaire at the age of 23.

Jenner has become the youngest person to ever appear in the ranking, and is estimated to be on her way to becoming the youngest self-made billionaire ever, ahead of even Mark Zuckerberg, who became a billionaire at age 23. The young mom of Stormi has sold $630 million worth of makeup since she launched Kylie Cosmetics in 2016, including an estimated $330 million in 2017, Forbes reports.

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"I struggled for a minute with finding something to do on my own", Jenner told Forbes. She told Forbes that social is "an unbelievable platform" because she has "such easy access to my fans and my customers".

According to the publication, at just 20 years old, Jenner has amassed $900 million ($A1.2 billion), after launching cult beauty brand Kylie Cosmetics less than three years ago. She is the daughter of Kris Jenner - who was previously married to the prominent lawyer Robert Kardashian - and famed Olympian Caitlyn Jenner, and her ritzy Calabasas upbringing was documented on the reality show "Keeping Up With the Kardashians". "At 21, she's set to be the youngest-ever self-made billionaire", a cover line reads. But on top of that, 16.4 million follow her company directly and 25.6 million follow Jenner on Twitter. "I've always loved makeup and worked really hard to bring the first lip kit to market. Jenner owns 100 percent of it", Natalie Robehmed writes. It called her business' overhead costs "minuscule".

Some people were on her side, however: "You're all just mad because you're swimming in cash like Kylie is".

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