Lip gloss boss: Kylie Jenner to be youngest self-made billionaire in history

Lip gloss boss: Kylie Jenner to be youngest self-made billionaire in history

What were you doing with your life in the past three years? Almost losing limbs while attempting to take pretty Instagram photos with sharks?

Jenner, who turns 21 in August, appears on the cover of the financial magazine's "America's Women Billionaires" issue. I repeat: Nine. Hundred. See what Kylie said her inspiration was just 6 months before the launch of her first lip kit.

Luckily for Kylie Jenner, she's officially won the Kar-Jenner billionaire race!

How do we know this for sure? Kim Kardashian also made this list at number 54, with an estimated net worth of $350 million.

Are you really "self-made" if you started out on third base? For her part, Kylie seems less keen to compare and more keen on creating more lip kits.

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The young mum credits social media for her success, as she told Forbes: 'Social media is an awesome platform. I do feel like people don't take me seriously as a businesswoman because of my age and my reputation. Connecting with my fans and creating product that excites them has been an incredible process. "I'm so blessed to do what i love everyday. i couldn't have dreamt this up!" The Kylie Cosmetics Instagram touts some 16 million followers while Kylie Jenner's personal page, which she regularly endorses her makeup on, has roughly 110 million followers. One more year of growth in Kylie Cosmetics and her other ventures will make her the youngest self made billionaire ever.

Five years ago Kylie Jenner was still in high school.

She is a 20-year-old from a family who is famous for being famous and she is nearly a billionaire.

And that's just the beginning. A model, Kendall Jenner is worth roughly $18 million while Kourtney Kardashian and Khloe Kardashian are worth a reported $35 and $40 million, respectively, according to a Time Money report released July 5. Forbes reported Kylie earned 41 million dollars in the a year ago. She takes to Instagram and Snapchat almost hourly posting pouting selfies about which shade of Kylie Cosmetics she's wearing, posts videos of upcoming products, and announces new launches.

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