Kylie Jenner is a reality TV star, cosmetics mogul, mom, and according to Forbes, the 27th-richest self-made woman in America, with an estimated net worth of $900 million. In just one more year, the magazine estimates that she'll become the youngest billionaire in history, at age 21.
Using its own "conservative" valuation, Forbes estimates that Kylie Cosmetics is worth nearly $800 million, and Kylie herself owns 100% of it. Between her company and endorsement deals from brands including Puma, PacSun, and more, she's on track to break the record formerly held by Facebook founder and CEO Mark Zuckerberg, who became a billionaire at age 23. (You could also argue that Kylie has her own influence over Zuckerberg, who reportedly cashed in when Kylie tweeted that she was over Snapchat.)
According to the magazine, Kylie ranked higher than sister Kim Kardashian West, who clocked in at 54th on the list, with an estimated net worth of $350 million. Even momager Kris Jenner reportedly earned $17 million last year through her managing of Kylie alone.
However, people online had mixed feelings about Kylie making the list due to how Forbes defines the term, "self-made." The magazine defines it as "anyone who didn’t inherit any part of their money," but it's not a stretch to say that Kylie has certainly benefited from her decade on reality TV. According to the profile, "Basically, all Kylie does to make all that money is leverage her social media following." That following — 110 million fans on Instagram alone — ballooned in no small part because of her very public family.
"What Kylie Jenner did with her company is amazing but don't act like she started from the bottom," one user tweeted. "There's millions of people with businesses that fail because they just can't find the funds." Another reply argues that Kylie had the help of "seed money and hired consultants and managers." And as one user puts it, "That much money, access, and media attention — could she ever have failed?"
There were just as many tweets supporting the young beauty mogul's ability to turn a budding business into a bonafide empire. "Just because Kylie Jenner’s family is rich don’t mean you should respect her business moves any less," tweeted one user."Time to give credit where credit is due. She owns 100% of this company," wrote another.
Whether or not you are a Kylie Cosmetics stan, if there's one takeaway from the silver lining of this story is that regardless of Kylie's position on Forbes list, there are still many other female-owned beauty businesses worth supporting.
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Source : https://www.teenvogue.com/story/kylie-jenner-forbes-americas-richest-self-made-women-list897