Kylie Jenner, the famous younger sister of Kim Kardashian, has once again captured the attention of her followers, sharing insights with the magazine on how she managed to become one of the wealthiest women in the United States in 2018.
The 21-year-old revealed that her journey towards financial independence began at a young age when her parents, Kris and Caitlyn Jenner, emphasized the importance of earning her own money. At just 15, Kylie Jenner started her savings journey as she began to learn the value of financial independence, as she explained to Paper magazine.
At the age of 15, Kylie's parents conveyed a clear message to her: it was time to learn how to save and spend her own hard-earned money. Her parents' guidance laid the foundation for her financial journey.
During those early years, despite living with her mother Kris, Kylie emphasized that her mother did not financially support her lifestyle. Kylie Jenner's determination to earn her way was evident. She mentioned that she was responsible for financing her own luxuries and shopping sprees. While her mother provided essentials, gifts aside, any desire for a new Chanel bag or similar indulgences was to be satisfied from her own earnings.
By the time she reached the age of 18, Kylie Jenner had accomplished the remarkable feat of purchasing a $2.7 million mansion in Calabasas, a testament to her dedication to financial independence.
Kylie's journey took a significant turn when she ventured into the beauty industry by establishing her makeup company, Kylie Cosmetics. She revealed to Paper magazine that her business strategy was rooted in empathy and a keen understanding of her customers' needs. She sought to create products that she, as a customer herself, genuinely desired. Kylie's insight led her to combine lip liners and lipsticks to create lip kits that offered ease and matched shades.
She launched her company with unwavering commitment, investing every penny she had, even in the absence of certainty regarding its success. Kylie's innovative approach bore fruit, and within two years, Kylie Cosmetics saw immense growth, reaching an impressive valuation of $900 million. This remarkable achievement led Forbes magazine to predict that she would soon surpass Mark Zuckerberg as the youngest billionaire.
Kylie Cosmetics witnessed exceptional success, generating over $630 million in makeup sales since its inception, with an astounding $330 million in 2017 alone. Forbes, in July 2018, estimated that Kylie's brand alone, which she maintains sole ownership of, was valued at nearly $800 million.
Beyond her cosmetics venture, Kylie Jenner expanded her wealth through lucrative product endorsements, including sponsored posts for companies like Fit Tea Wraps and Waist Gang Society, as well as her participation in the reality series "Keeping Up with the Kardashians." Her collaboration with Puma also contributed to her financial growth.
These astonishing figures sparked significant interest and controversy, but Kylie Jenner emphasizes that she does not define herself by her net worth. As she stated to Paper magazine, her value and identity extend far beyond material wealth, and her focus remains firmly grounded in her pursuits and aspirations, rather than her financial status.
