Why Rihanna is America’s Youngest Self-Made Billionaire, and Kylie Jenner is Not

KYLIE UP CLOSE: My Lip Kit Launch Party

After a meeting with the ultimate momager, Kris Jenner, Kylie began working on her company, Kylie Lip Kits. She officially launched Kylie Lip Kits in November of 2015. She began by selling only three color options. The site crashed after all of the kits sold out in less than one minute. In 2019, Kylie was considered a billionaire after selling 51% to Coty, a beauty company. The deal was thought to be valued at $ 600 million and was estimated to bring Kylie Cosmetics to a value of $ 1.2 billion.

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