KYLIE JENNER, ONLY 20 YEARS OLD, ABOUT TO BECOME A BILLIONAIRE IN U.S.

LOS ANGELES — Reality TV star Kylie Jenner is on track to become the youngest self-made billionaire in the United States thanks to the booming cosmetics company she launched two years ago, Forbes magazine reported yesterday.

Jenner, 20, half-sister of Kim, Khloe and Kourtney Kardashian, debuted Kylie Cosmetics in 2016 with US$29 (RM116) lip kits containing matching lipstick and lip liner, and has since sold more than US$630 million worth of makeup.

Forbes said it valued her company at nearly US$800 million and that Jenner owns 100 per cent of it.

Adding millions from TV programmes, endorsements and after-tax dividends from her company, Forbes said Jenner was “conservatively” worth US$900 million. Another year of growth would make her the youngest-self made billionaire ever, male or female, the magazine said.

In an interview with Forbes, Jenner credited social media for helping drive her success.

“Social media is an amazing platform,” she said. “I have such easy access to my fans and my customers.”

— Reuters

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