Kylie Jenner to beat Zuckerberg as youngest billionaire
Kylie Jenner to beat Zuckerberg as youngest billionaire Aged just 20 and the youngest member of the extended reality-TV Kardashian clan and a mother, Kylie Jenner is on track to become America's youngest billionaire, Forbes revealed. The young mother, who gave birth to daughter Stormi in February, set up Kylie Cosmetics two years ago and the company has already sold more than $630 million worth of makeup, the magazine said. Forbes conservatively valued her company at $800 million and raised her overall worth to $900 million by throwing in earnings from television programs, endorsements and after-tax dividends. Jenner owns 100 percent of the company, which started out with a $29 "lip kit" -- matching set of lipstick and lip liner that traded on her trademark pout. ' She has more than 110 million followers on Instagram, 25.6 million on Twitter and 16.4 million follow her company directly. Forbes said the firm has only seven full-time and five part-time employees, with manufacturing, packaging and sales outsourced, and momager Kris handling the business side in exchange for a 10-percent management cut. -PTC News
