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

Kylie Jenner poised to become youngest billionaire ever

She's a mom. She's a model. But she said it was makeup that helped her breakout.

"Thank you @Forbes for this article and the recognition". Jenner was featured in Forbes' annual list of the 60 Most Successful Women Entrepreneurs in America on Wednesday for her massive fortune worth $900 million. I'll let that sink in for a moment.

That May, Jenner had admitted to having temporary lip fillers. Her mother had the foresight to grow it into a full makeup line and ongoing business. The thing is though, Kylie may be the best businesswoman in her famous family. The Kylie Cosmetics Instagram touts some 16 million followers while Kylie Jenner's personal page, which she regularly endorses her makeup on, has roughly 110 million followers. Resellers are even selling her $29 kits on eBay for up to $1,000.

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With Forbes estimating her worth to be $900 million, she easily beats out Kim Kardashian West'smeasly $350 million. Forbes values Kylie Cosmetics- a company that she owns 100% of- at $800 million. Fast forward to a year or so later, and Kylie Cosmetics had raked in $430 million in just 19 months.

Of course, it all started with her now-infamous "Kylie Lip Kits", which she reportedly trademarked when she was just 17. The current title holder is Facebook CEO Mark Zuckerberg who became a billionaire at age 23.

Forbes' Natalie Robehmed detailed how Kylie Cosmetics has found success by harnessing Jenner's enormous social-media following and slashing costs by outsourcing labour. Kylie outsources the manufacturing, packaging, sales, and fulfillment.

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With her 21st birthday approaching and a new baby at home, Jenner is already looking out toward the future.

Kylie says she'll be working on Kylie Cosmetics forever, but would consider passing it down to her daughter Stormi Webster someday, "if she's into it".

That's when the makeup-obsessed teen chose to launch her own company. When Jenner chose to go into the beauty business, and make a career out of her biggest insecurity, she already had a massive number of followers to sell to.

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She is a 20-year-old from a family who is famous for being famous and she is nearly a billionaire.

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