Kylie Jenner has been revealed to be the richest member of the Kardashian-Jenner family.
On Wednesday, Forbes magazine unveiled the cover of their August issue, showing the 20-year-old reality-star-turned-beauty-mogul on the cover for an issue focused on 'America's Women Billionaires'.
According to the magazine, Kylie – who is set to turn 21 next on August 10 – is currently worth an estimated $900million thanks to her cosmetics line.
Once she crosses the $1billion mark, she will unseat Facebook's Mark Zuckerberg as the youngest-ever self-made billionaire.
Money mama: Kylie Jenner is the richest member of the Kardashian- Jenner family. And on Wednesday the 20-year-old reality TV star turned makeup mogul was touted by Forbes magazine for also being one of the richest, self-made young people on the planet
The daughter of Kris Jenner, 62, gave her low-cut gowns a rest to pose for the cover, opting instead for business chic in a dark blazer with her long locks pulled back.
In the story accompanying the cover, Forbes said they estimate that Kylie Cosmetics has raked in $630million since it launched in 2015.
'Even using a conservative multiple, and applying our standard 20% discount, Forbes values her company, which has since added other cosmetics like eye shadow and concealer, at nearly $800 million. Jenner owns 100% of it.
'Add to that the millions she's earned from TV programs and endorsing products like Puma shoes and PacSun clothing, and $60 million in estimated after-tax dividends she's taken from her company, and she's conservatively worth $900 million, which along with her age makes her the youngest person on the fourth annual ranking of America's Richest Self-Made Women,' the article reads.
Kylie recently talked about launching the business in a beauty video for Vogue last month.
Buy my stuff! The raven-haired beauty is worth $900m and soon she will cross the billion dollar mark. Here she is seen in a Tuesday post pushing her summer collection
Bold colors: The beauty also posed in this racy orange outfit to push the new shades
Just the facts, ma'am: Kylie Cosmetics is a cosmetic company owned by Kylie and was formerly known as Lip Kits By Kylie. But the company was founded and renamed Kylie Cosmetics in 2016 after the release of the liquid lipstick and lip liner set, the Kylie Lip Kit, in 2015
In the video, she says she had been thinking of starting her own cosmetics company for awhile.
She says her mother was cautious about the ordeal, saying she would have to put up her own money to fund the venture.
'I had Kylie Lip Kit trademarked like two years before it even launched and I was like bugging my mom about it. I see it, like, I need to do this.
'She was like “Okay, put up your own money, like stop talking about the Lip Kit.” And then I didn't even order a lot and I was like “Okay, if this doesn't work out you're gonna have, like, a lot of Lip Kits in your garage,”' she recalled.
Kylie decided to take the risk, and it paid off immediately.
'I didn't even make it to my launch party. I like refreshed the page and in two seconds everything was gone and like I just remember me and all my glam people, my friends, we were like screaming.
'And then the Kylie Instagram used to be Kylie Lip Kit and then the day after I changed it to Kylie Cosmetics and I was like “This is like gonna be something, like, I can actually do, yeah,' Kylie said.
Kylie's sister Kim Kardashian, 37, has also appeared on the cover of Forbes. She was the July 26, 2016 cover girl and was celebrated for making $45million from one mobile game.
It runs in the family: Kylie's sister Kim Kardashian, 37, has also appeared on the cover of Forbes. She was the July 26, 2016 cover girl and she was celebrated for making $45m from one game
Jenner signed with Kylie Cosmetics' current parent company, Seed Beauty, in 2014. The Kylie Lip Kits debuted in 2015 and sold out within seconds. The Kylie Lip Kits went on to start a general trend in the industry for liquid matte lipsticks, with both drug- and department-store brands going to market with similar products.
It is generally believed that the $29 Lip Kits sold so well because Kylie changed her looks so drastically with the help of lining her lips on the outside and adding heavy lipstick; she later admitted to getting lip fillers.
Earlier this week she revealed she had taken her lip fillers out.
Kylie Cosmetics has done collaborations with Kim, Khloe, Kourtney and even mom Kris. Her sister Kendall, who is a Vogue model, has yet to work with Kylie.
The timing is perfect for Kylie to appear on the cover of Forbes as on Friday she is launching her new summer collection.
Jenner is also a new mother: earlier this year she welcomed daughter Stormi with rapper Travis Scott.