Unbelievable! Kylie Jenner Becomes The Youngest Self-Made Billionaire Of All Time

Nagini Shree |Mar 06, 2019

Forbes just announced that makeup mogul Kylie Jenner has taken over Facebook founder Mark Zuckerberg as the “youngest self-made billionaire of all time”.

The 21-year-old reality star and founder of Kylie Cosmetics, Kylie Jenner has become the youngest self-made billionaire of all time, according to a recent report from Forbes.

As the youngest sister of Kardashian-Jenner clan, Jenner Kylie is the sole owner of famous and well-received cosmetic brand Kylie Cosmetics, which Forbes calculates is valued at $800m last year. Kylie Cosmetics was founded in 2015 when Ms Jenner released her first set of lip kits - a duo of liquid lipstick and lip liner in three different shades with 29$ a piece.

The beauty mogul nabbed the titled from Facebook CEO Mark Zuckerberg, who became a billionaire at 23. Forbes magazine declared that Kylie Jenner was both the world’s youngest billionaire and the youngest self-made billionaire ever. The list of billionaires was distinguished from those who inherited most of their wealth from family and those who made fortunes on their own.

The Kylie Cosmetics founder ranks No. 2,057 on a list of 2,153 while Amazon founder Jeff Bezos, who independently owns The Washington Post, is still the wealthiest billionaire in the world and Microsoft co-founder Bill Gates remains in the No. 2.

Many people took issue with the words "self-made" Forbes used to describe Kylie as they pointed out she is a member of a wealthy family and has been on reality TV since the age of 10. However, the young billionaire continued to double down on claims she’s self-made.

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She added:

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Meanwhile, Forbes once claimed:

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Last year, the three-year-old cosmetics company did an estimated $360 million in sales, according to Forbes while Kylie owns 100 per cent of the company. She also makes money from endorsements and appearances on cable TV’s Keeping Up with the Kardashians.


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