Culture

Kylie Jenner Is the Youngest Self-Made Billionaire Ever

Kylie Jenner Is the Youngest Self-Made Billionaire Ever”

Jenner has used social media platforms, such as Snapchat, Instagram, Facebook and Twitter to sell her products to her 175 million plus fans that follow her.

Best known for her makeup brand "Kylie Cosmetics", Jenner's net worth rose from $900 million in 2018 to $1 billion in 2019. But (the recognition) feels really good.

Becoming a billionaire at 21 means she snatched the crown from Facebook's Mark Zuckerberg, who previously earned that title when he was 23 years old.

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On their billionaires list, Forbes distinguishes between those who inherited much of their wealth and those who made their fortunes on their own. "'That's a nice pat on the back", she said as quoted by Forbes. "I did not foresee the future", Jenner told the magazine.

The bulk of Jenner's fortune comes from Kylie Cosmetics, which she started in 2015.

The publication's list of billionaires is topped by Amazon founder Jeff Bezos, whose net worth is 131 billion United States dollars (£99.7 billion), with Microsoft's Bill Gates in second place with 96.5 billion U.S. dollars (£73.5 billion). "Khloe and Tristan are still communicating and always will. Khloe is very big about 'I'm having the father of her child staying in her life no matter how bad things get'".

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The entrepreneur owns 100% of Kylie Cosmetics, the three-year-old beauty business that did an estimated $360 million in sales previous year, and most of her sales are done online.

Though many have been left wondering if the term "self-made" could apply to someone from a wealthy family like the Kardashians, Jenner set the record straight, revealing that her parents, Kris and Caitlyn Jenner, "cut her off at the age of 15".

She continued, "No one is ideal and we all make mistakes".

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"My parents told me I needed to make my own money, it's time to learn how to save and spend your own money, stuff like that", the reality star said.



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