Kylie Jenner, 20, set to become youngest self-made billionaire

Kylie Jenner, 20, set to become youngest self-made billionaire

Forbes said it valued her company at almost US$800 million and that Jenner owns 100 per cent of it. Back in 2015, Farrah was hospitalized for a bad reaction from lip injections when her mouth swelled up and left her upper lip looking much larger than normal.

The new mom, who just welcomed baby Stormi five months ago, opened up to the mag about launching her beauty company, which started with lip kits.

Jenner said she got the idea to launch her signature "lip kits" because she loved putting on lip liner as a teenager.

"It's incredible to be recognised for something I'm so passionate about, and I'm really grateful for that", Jenner, who appears on the Forbes cover, said in the accompanying feature.

After trademarking the brand in 2014, Jenner said she put up $250,000 of her own money made from modeling contracts and endorsement deals to kick-start the brand with the first batch of lip kits.

"No other influencer has ever gotten to the volume or had the rabid fans and consistency that Kylie has had for the last two and a half years", Shopify Plus' Loren Padelford explained. It called her business' overhead costs "minuscule".

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Describing Kylie's business success, Forbes wrote on its website, "Jenner runs one of the hottest makeup companies ever".

Forbes was handed a grammar lesson on Twitter for its choice of words to describe Kylie Jenner, who graced the magazine's cover on Wednesday.

They are only available online via her website but luckily Kylie has a UK Kylie Cosmetics website set up which converts her product prices to pounds, rather than dollars, on checkout. "I knew I was passionate about makeup, but I didn't know I could have fun every day doing my job".

Also on this year's list is her half-sister Kim Kardashian-West, who ranks with a net worth of $350 million by selling her followers a mobile game, emojis, and, most recently, cosmetics.

Travis Scott and Kylie Jenner arrive at the Metropolitan Museum of Art Costume Institute Gala (Met Gala) to celebrate the opening of "Heavenly Bodies: Fashion and the Catholic Imagination" in the Manhattan borough of NY, U.S., May 7, 2018.

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