Kylie Jenner Officially Becomes the World’s Youngest Self Made Billionaire

On Tuesday, Kylie Jenner, 21, was officially named the youngest billionaire in the world by Forbes. Jenner even beat FB Founder Mark Zuckerberg who held that title when he was 23. According to Forbes, her company is worth at least $900 million and she owns all of it.

The term “self-made” used on Kylie’s efforts of building her own cosmetic empire has been emphasized on social media and has even come under the public scanner. Many are wondering whether it is right to use this term “self-made” given that she comes from a very rich family. Some conclude that she bagged her initial fame from her half-sister Kim Kardashian.

To clear the air, Forbes has given an explanation for labeling Kylie “self-made.” It says that “self-made” has been used to describe anyone who didn’t inherit a business or a fortune. Forbes also acknowledges that the term is very broad and “does not adequately reflect how far some people have come and, relatively speaking, how much easier others have had it” and Jenner falls into the second category.

In one of the interviews to ET in July, Kylie’s mother Kris Jenner said that Kylie saved up all the money she earned over the years and she used it in a venture which could have gone in any direction. Fortunately, it did go well. According to sister Kendall, the company wouldn’t have flourished if Kylie just lazed around in the house whereas Kim Kardashian said that when you don’t get it from someone else that is self-made. It was not handed to her.

Kylie Jenner’s Rise to the Forbes List

The cosmetic mogul’s father was an Olympic gold medallist Bruce Jenner and her mother Kris Jenner is a TV personality. Kris Jenner is also the ex-wife of attorney Robert Kardashian who became famous when he took up the O.J. Simpson trial and got O.J acquitted.  After Robert Kardashian passed away, the Kardashian sisters came into the spotlight. The youngsters appeared in the famed reality TV show "Keeping Up with the Kardashians" in E! in 2007. Things stepped up from here as the show received very high ratings and viewership despite high criticism.

Kylie and her sister Kendall gained 175 million followers through platforms like Instagram, Snapchat, Facebook and Twitter. The sisters used these platforms to promote their already built up fame. Then they launched clothing and accessory lines when they tied up with British fashion retailer ‘Top Shop.’ In September 2015 Kylie launched her personalized website and a mobile app. The same year Kylie Jenner launched her own Kylie Lip Kit which includes a lipstick and lip liner kit that became the base of her company- Kylie cosmetics.

She paid for 15,000 lip kits and marketed them on social media and then she put it on sale for 29$ in November the same year. All of them were sold. She renamed her site in the month of February and stocked it with lipsticks of various shades. In June 2017 Jenner launched two new cosmetic sets, one in collaboration with her sister Khloe Kardashian and the ‘Kylie Cosmetics Koko collection.’

Jenner has surely made the right moves when it comes to promoting her cosmetic line. It’s being said that she has inherited some of her mother’s skills. She reached the 1 billion mark with the inclusion of $100 million cash which she made from her own company’s profits.