Kylie Jenner's company is estimated to be worth $US800m and she owns 100 per cent of it.
Forbes values Kylie Cosmetics - which launched with only lip kits less than three years ago - at almost $800 million.
Model Kylie Jenner is the cover star and youngest woman on this year's Forbes magazine 60 richest self-made women in America. "Wow, I can't believe I'm posting my very own @forbes cover", she captioned the pic. Forbesestimates lip-kit revenue dipped 35% from approximately $153 million in 2016 to $99 million in 2017.
The youngest sibling of the Kardashian-Jenner has a massive following of 110 million on Instagram.
According to Forbes' calculations, that makes her not only the Jenner or Kardashian with the highest net worth, but the 27th-richest self-made woman in the United States. She told Forbes that social is "an incredible platform" because she has "such easy access to my fans and my customers".
Kylie Jenner is Forbes' latest cover girl.
Move over Mark Zuckerberg, Kylie Jenner is about to break the record for youngest self-made billionaire!
Despite her many business ventures, it seems Kylie Cosmetics lies closest to Jenner's heart. In a video interview with the same magazine, Kylie says she was inspired to create these lips kits due to her own insecurity about her own lips. Jenner was the youngest woman included in the list and one of only three younger than 35 years old. Thanks to this minuscule overhead and marketing costs, Forbes writes, the profits are outsize and go directly to Jenner. "I'm so blessed to do what i love everyday. i couldn't have dreamt this up!"
"Her success is commendable but it comes by virtue of her privilege", tweeted writer Roxane Gay.