Building an empire! Kylie Jenner's beauty company Kylie Cosmetics earned $420m in 18 months...and is set to hit one billion dollars by 2022
Kylie Jenner launched her first lip kit in 2015.
And 18 months later, the teenager's Kylie Cosmetics has earned $420 million in retails sales, according to Women's Wear Daily.
The 19-year-old entrepreneur's brand will hit one billion dollars by 2022.
Boss: Kylie Jenner's Kylie Cosmetics has done $420 million in retails sales, according to WWD
In the exclusive story, WWD reported on Wednesday that Kylie Cosmetics will see a 25% increase in sales in 2017 - which would be $386 million.
Kylie, who is set to turn 20 on August 10, told the website: 'I do want stores, my own store...I think it's time people walk into a store and see Kylie Cosmetics.
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Last year she released the limited edition Birthday Collection, which brought in $10 million in 24 hours.
Kylie's mom Kris Jenner presented documentation to WWD to prove the incredible sales numbers - the first time they have ever disclosed the information.
A huge success: The 19-year-old entrepreneur's brand will hit one billion dollars by 2022; pictured with her mom Kris Jenner
The WWD interview took place at Kris' house in Hidden Hills last week.
For comparison, Lancome reached one billion dollars in 2015 after 80 years in the beauty world, according to WWD.
Estee Lauder's Tom Ford Beauty took a decade to hit $500 million in sales, they added.
The brunette beauty has collaborated with sisters Khloe and Kim Kardashian on separate collections.
Family first: Kylie's mom Kris Jenner presented documentation to WWD to prove the incredible sales numbers
The limited edition KKW X Kylie Cosmetics lip kits with Kim debuted in April.
Soon after Kim launched her own makeup brand KKW Beauty with contour kits.
Kylie told WWD that 'there is room for the both of us in the makeup world,' adding We respect when we launch new things.'
She noted that they 'make sure there isn't overlap.'
Wow: The brunette beauty has collaborated with sisters Khloe and Kim Kardashian (pictured on left with Kylie) on separate collections; the KKW X Kylie Cosmetics campaign
Kylie released her first three items on November 30, 2015; they were the Dolce K, Candy K and True Brown K Lip Kits.
The $29 kits - which have a lip liner and a coordinating lipstick - sold out in under 30 seconds on kyliecosmetics.com; WWD reported that they only had 5,000 kits in each color - so 15,000 units total.
Kris told WWD that they don't count the time between the first release on November 30 and their second release in February 2016 because there didn't have any products available to sell.
There was however a mini restock of the three lips kits on Christmas Eve in 2015.
Mogul: In the exclusive story, WWD reported on Wednesday that Kylie Cosmetics will see a 25% increase in sales in 2017
Everything in one package: This year's Birthday Bundle pictured; the entire collection, which is now sold out, retails for $325
During that time, Kylie and Kris secured a partnership with Seed Beauty, a manufacturer based in Oxnard, California; they don't have any equity in her makeup company, WWD reports.
The February 2016 launch saw the product numbers increase to six products with a total of 500,000 units, as well as the Kylie Lip Kits officially becoming Kylie Cosmetics.
She released the original three lip kits with three more shades.
Today, WWD noted that there are 300,000 units of each product on their website made.
The full interview with Kylie and Kris about the Kylie Cosmetics empire is available on WWD.
Success: Kylie released her first three items on November 30, 2015; they were the Dolce K, Candy K and True Brown K Lip Kits
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