While Forbes revealed last year that Kylie was on track to become a billionaire, they’ve confirmed she has now crossed the threshold thanks to signing an exclusive distribution deal with the beauty retailer Ulta, which placed her Kylie Cosmetics products in 1000 stores across the US.
Within just six weeks of signing the deal, Kylie Cosmetics sold an estimated $54.5 million worth of products in Ulta stores.
Speaking to Paper, Kylie said: “I had such a huge platform, I had so many followers already and I had so many people watching me. But my parents told me I needed to make my own money at age 15 — that it was time to learn how to save and spend my own money. What I’m trying to say is, I did have a platform but none of my money is inherited.”