Whether you hate or love her, reality TV star Kylie Jenner of Keeping up with the Kardashian and Life of Kylie is on her way to becoming a billionaire at a young age of 20.
The socialite who turned 20 yesterday launched her beauty empire Kylie Cosmetics in 2016, and according to her mum Kris, has disclosed that Kylie Cosmetics has made $420 million in retail sales since its official launch 18 months ago. It’s the first time the TV family has shared financial details of their youngest child’s company.
In an interview Kris had, she explained that the first three products hit kyliecosmetics.com in November 2015, but because there was a three-month long hold before the second “drop” in February 2016, they technically don’t count the time between because there was no product to sell.
It was in the long hold months that Kris and Kylie embarked on their partnership with the current manufacturer, California-based Seed Beauty, which is also the the manufacturer of popular cosmetic brand ColourPop. Seed Beauty does not have equity in Kylie Cosmetics.
Now almost 2 years after its launch there are no signs of slowing down. The brand is estimated to make a staggering $386 million in 2017 and definitely on the right track to becoming the next billion-dollar company.