Meet the 7 women who made Forbes' richest self-made women list for the first time, including almost-billionaire Kylie Jenner

• America's richest self-made women are worth a combined $71 billion, according to Forbes' 2018 ranking.
• The list features the 60 richest women in the US who made their fortunes on their own. Seven of the women are new to the list in 2018.
• Among the newcomers are sisters Kylie Jenner and Kim Kardashian West, who have each built multi-million-dollar cosmetics companies.

2018 may be the year of cosmetics. 

Forbes has released its annual ranking of America's richest self-made women, and there are seven newcomers to the list, four of whom have built all or part of their fortunes in the beauty business. 

Forbes says these "Instagram-savvy makeup moguls," and specifically almost-billionaire Kylie Jenner, have ushered in a "new model of extreme fame leverage" that is "radically reshaping business, culture, and politics."

The list measures the wealth of the top 60 richest women in the United States who built their fortunes without the help of an inheritance. Together they're worth $71 billion — $9.5 billion more than the combined wealth of the 2017 list. A record 24 women are billionaires on this year's list.

To determine the ranking, Forbes took into account stakes in public and private companies, real estate holdings, and other assets including art, jewelry, cars, and planes. All net worth estimates are current as of June 22, 2018.

Taylor Swift rounds out the list this year at No. 60, with an estimated net worth of $320 million. That's $60 million more than the minimum net worth required to make the list in 2017. 

Scroll through to meet the seven entrepreneurs who joined Forbes' list of America's richest self-made women for the first time in 2018, see how they made their fortunes, and learn how much they're worth today.

SEE ALSO: Kylie Jenner is on the cusp of becoming the world's youngest self-made billionaire, with Forbes estimating her net worth to be 3 times as large as Kim Kardashian's

Anastasia Soare: $1 billion

Rank: 21

Source of wealth: Cosmetics, Anastasia Beverly Hills

Age: 60

Residence: Beverly Hills, California

Read more on Forbes.

Kylie Jenner: $900 million

Rank: 27

Source of wealth: Cosmetics, Kylie Cosmetics

Age: 20

Residence: Hidden Hills, California

Read more on Forbes.

Huda Kattan: $550 million

Rank: 37

Source of wealth: Cosmetics, Huda Beauty

Age: 34

Residence: Dubai

Read more on Forbes.