Kylie Cosmetics, created by none other than the world-famous Kylie Jenner, has established itself as one of the most successful brands in the beauty industry. Chances are, you probably own at leas tone of Kylie Cosmetic's cult-favorite lip kits, which come at a bargain price (about $29 a pop). But, those products are now part of a multi-million dollar empire!
The Kylie Cosmetics brand itself made $500 million since it established in November 2015! The brand, which only retails online, has firmly planted itself into the makeup world and is now one of the most profitable brands in the industry.
That's extremely impressive for a company thats only 1 1/5 years old. The company can mainly thank Kylie Jenner's name for the amount of money they have made. Let's face it, the Kardashian/Jenners can make money putting their names on anything. But, we do have to admit that Kylie Cosmetic products are also very high quality for their low price point.
The brand is also expected to see a 25% increase this year, and is on track to reach $1 billion by 2022. Let's put it in perspective of how impressive that is: Lancôme, a L'Oreal-owned brand, hit the billion dollar mark in 2015 after 80 years of existence.
Kylie Cosmetics has managed to start out with just three liquid lipstick shades, and is now one of the most successful companies in the industry with a variety of products. We tip our hats to you, Kylie!