Make-up line Kylie Cosmetics is undeniably successful and is set to grow with a distribution deal with Ulta, but the bulk of the money from the business goes straight to her. Jenner claims she did not inherit her income and therefore earned the title, and credits her for using the platform her family relationships provide to help her pursue her career.
Her mother Kris Jenner was a major player in her daughter’s career, as well as her own as per Prindle Post.
How Kylie Jenner Strives for Success
Kylie Jenner may only be 21, but she’s already become a self-made billionaire, overtaking Facebook founder Mark Zuckerberg, who cracked the brand at 23. The reality TV star has a fortune of more than $1.5 billion, more than double that of her father Bruce Jenner.
The company, Kylie Cosmetics, which she founded in November 2015, is made up of her father Bruce Jenner’s $1.5 billion fortune, as well as her mother Kris Jenner and sister Kendall Jenner.
E Consultancy stated that in January, she was crowned the world’s youngest self-made billionaire, snatching the crown from Facebook founder Mark Zuckerberg, who was just twenty-three at the time of his title.
The company said its billionaire status was due to its role in founding the brand and its expansion into one of the most successful beauty brands in the US and worldwide. She has been dubbed a ‘self-made’ billionaire and the company says this is the first time in its history that a brand has been established and has grown to a value of $1.5 billion.
Her Exciting Beginning to Success
The Kardashians, the famous TV show about the bubbly family, premiered in October 2007, when Kylie was just 10 years old, propelling her on her path to fame.
Fans celebrated her success, which seemed truly stunning for such a young woman, but as it turned out, her celebrations were premature. Kardashian premiered on October 7, 2007.
Kylie experimented with cosmetics in her teens, which was likely also accompanied by the pressure of growing up in the spotlight, but it wasn’t until late 2015 that her passion and business drive merged as per Medium. The now-cosmetic mogul began building a personal following early on, which proved very useful after a few years.
Her extensive knowledge of cosmetics helped her make business decisions – and her super powers came from using her experience in marketing and advertising her products.
Kylie Jenner is one of the most-followed people in the world, with a combined following of more than 1.5 million followers on Instagram and Twitter.
The Incredible Success of Kylie Lip Kits
Jenner has capitalized on the whole thing – by selling her first beauty products, called Kylie Lip Kits. Jenner soon partnered with e-commerce company Shopify in a deal arranged by her mother Kris Jenner and officially launched Kylie’s Cosmetics.
She quickly began to generate hundreds of millions of dollars in revenue each year with one model – a focused model, with a focus on high-end products like lipsticks, lip balms and lipsticks.
The turning point for the family came when the youngest of the clan, Kylie Jenner, sold her stake in the company to beauty giant Coty in January for $1.2 billion. The deal seemed to confirm what Kylie had been saying all along, when Forbes declared in March 2019 that she was indeed a billionaire – at least until the coronavirus.
In January 2019, established cosmetics giants Coty and L’Oreal agreed to acquire 51% of Kylie’s Cosmetics for $600 million, with the companies valued at just under $2 billion, according to Forbes.