Finally, the predictable came to fruition: Kylie Jenner, 20, graced the cover of Forbes last year because she was forecasted to become the youngest billionaire, made headlines (on Forbes again) because she is now the world’s youngest “self-made” billionaire at 21 years old.
Forbes announces that Kylie Cosmetics company, the company runs and owns by Jenner is now estimated at $900 million and that she owns all of it. Forbes notes that “the cash Jenner has already pulled from the profitable business,” made her officially $1,000,000,000 rich, beating the previous titleholder, Facebook CEO Mark Zuckerberg, who became a billionaire at 23.
When asked about her impressive milestone, Jenner was humble in saying that she “didn’t expect anything” and “did not foresee the future.” “But [the recognition] feels really good. That’s a nice pat on the back,” she told the outlet.
Many took criticisms on how Jenner was categorized as “self-made” considering that she has been appearing on her famous family’s reality show Keeping Up With the Kardashians since she was a child. Kylie, however, admitted that the majority of her company’s promotion is credited on social media. “It’s the power of social media. “I had such a strong reach before I was able to start anything,” Jenner told Forbes.
Defending her “self-made” title to Paper last month, Kylie noted that her parents “cut her off at the age of 15” and the “self-made thing is true.”
She also noted that her parents told her it was time to earn her own money and learn how to save and spend it wisely. “What I’m trying to say is I did have a platform, but none of my money is inherited.”