Kylie Jenner Becomes Youngest 'Self-Made' Billionaire at 21 Years Old

06 March, 2019, 14:42 | Author: Jared Lewis
  • Kylie Jenner

While Mark Zuckerberg achieved the title when he was 23 years old, Kylie Jenner has managed to dethrone him at the age of 21.

"I didn't expect anything". I did not foresee the future. But (the recognition) feels really good.

Forbes is calling Kylie Jenner the youngest "self-made" billionaire ever, giving her a rating of 7 out of 10 for how self-made she is. The company sold about $800 million worth of cosmetics in 2018, according to Forbes. Amazon founder Jeff Bezos, who independently owns The Washington Post, and Microsoft co-founder Bill Gates still hold the top two spots. However, that doesn't seem to have had much of an impact on founder Mark Zuckerberg's (C) wealth that was still up by United States dollars 1 billion.

Jenner, the half-sister of Kim Kardashian, founded Kylie Cosmetics in 2015.

The company was renamed Kylie Cosmetics in February 2016, when Jenner stocked the site with 500,000 more lip kits in multiple shades, and it has since expanded to other makeup products.

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Her ranking has been confirmed by Forbes billionaires' list. Kylie would be in 2,057th place whether she was self-made or inherited.

"It is not shade to point out that Kylie Jenner isn't self-made", "Hunger" author Roxane Gay wrote on Twitter previous year.

She credits social media - ignoring her powerfully connected lineage. "I popped up at a few stores, I did my usual social media - I did what I usually do, and it just worked", she said.

Also making Forbes' 2018 The Richest People in the World List is 28-year-old Snapchat founder (and Miranda Kerr's husband) Evan Spiegel, who's worth US$2.1 million.

Ms Jenner may have used her social media status to drive her company's advertising, but many on Twitter took exception to Forbes' definition of "self-made", claiming much of her success was dependent on her family's celebrity.

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