Kylie Jenner set to become the youngest self-made billionaire on Forbes list

Kylie Jenner set to become the youngest self-made billionaire on Forbes list

Her last name is Jenner, as in, Kris and Caitlyn Jenner, her parents, who are very rich and very famous.

There has always been rumors that Kylie Jenner's Kylie Cosmetics (the brand that launched the OG lip kit and a million copycats) was on its way to being a billion-dollar business, and now it appears that historic milestone is closer than ever.

Forbes' Natalie Robehmed detailed how Kylie Cosmetics has found success by harnessing Jenner's enormous social-media following and slashing costs by outsourcing labor.

Kylie Jenner might be known to some as Kim Kardashian West's younger sister, but the social media star and cosmetics mogul's net worth is more than twice that of her sister's.

The company's own social pages have over 16 million followers directly on Instagram, and 25.6 million on Twitter, plus her sisters and and friends also regularly promote the brand on social media.

The 20-year-old's net worth has skyrocketed thanks to the success of Kylie Cosmetics. Kylie Cosmetics has sold $630 million worth of make up since its inception and Kylie own 100% of Kylie Cosmetics.

Simona Halep stunned by Hsieh Su-wei in Wimbledon third round
The 21-year-old Swiss will face the victor of German 11th seed Angelique Kerber's match against Japanese 18th seed Naomi Osaka . The Serb, seeded 12th, will meet big-hitting Russian youngster Karen Khachanov for a place in the quarter-final.

As Radar readers know, Kim and Kylie have been involved in a battle of the influencers ever since Kylie's lip injections and makeup line launched her massive career.

"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", Robehmed reported. "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.

"I struggled for a minute with finding something to do on my own", Jenner said, before adding, "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". "I don't want to do it with anyone else, '" Jenner told Forbes, saying she used almost a quarter million dollars of her own money from modeling to make the first 15,000 lip kits.

"Maybe one day [I'll] pass this on to Stormi", she exclaims.

Jenner's company only has seven full-time and five part-time employees.

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