Kylie Jenner Is the Youngest Self-Made Billionaire Ever
Mar 07, 2019, 00:51
But (the recognition) feels really good. This year's list also saw RIL Chairman Mukesh Ambani make it to the top 10 for the first time.
Forbes has estimated the business, which is 100% owned by Jenner, turned over 360 million U.S. dollars over the past year from a majority of e-commerce revenue.
Jenner's sister Kendall and boyfriend Travis Scott celebrated the 21-year-old billionaire on Twitter.
"As long as the list member didn't inherit a business or money, she is labeled self-made". Some critics took issue with Jenner's "self-made" title given her famous family.
Is Kylie Jenner is self-made? He became a billionaire at 23, which means Kylie got him by two whole years. "But 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", Forbes continued.
Founded three years ago, Kylie Cosmetics is already estimated to be worth $900 million alone with $360m of revenue last year - and all profits go straight to its owner.
She is daughter to Kris and Caitlyn Jenner, both millionaires with wealthy networks, and has more than 175 million followers across all her social media. The social media network, that celebrated its 15th anniversary in January, was embroiled in the Cambridge Analytica scandal, and has been facing allegations of data breach and privacy violation.
"Her money she made on the show that she put into her company, seems self made to me", said Gen.G content creator AvaGG. Talking about its staff, it is managed by only 12 employees (five out of whom are part-time) and most of her products are outsourced. They sold out in less than a minute.
Jenner made her fortune off her cosmetics business, called Kylie Cosmetics, which is a 3-year-old beauty business that has generated close to $360 million in sales from the last year.
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