Kylie Jenner Is Officially The Youngest 'Self-Made' Billionaire Ever

Kylie Jenner

Kylie Jenner

On their billionaires list, Forbes distinguishes between those who inherited much of their wealth and those who made their fortunes on their own.

Journalists and media figures mocked a Forbes article which proclaimed reality television star Kylie Jenner the youngest "self-made" billionaire in the world Tuesday. Jenner, the youngest member of the Kardashian-Jenner clan, has amassed 128 million Instagram followers and leveraged that popularity to promote her products.

Amazon's founder Jeff Bezos remains the world's richest man, according to the list.

But while her eye-watering wealth isn't in dispute, many commentators have noted that Jenner hasn't exactly come from the average family.

Forbes was hotly critiqued for calling Kylie Jenner a soon-to-be "self-made billionaire" back in July, when she was poised to hit the $1 billion mark.

Many feel as though Jenner should not be considered "self-made" since she was born into a famous and wealthy family. Jenner, who has a one year-old daughter, owns 100 percent of the company. The main source of her fortune, Kylie Cosmetics, for example, was founded in 2016 with a modest $250,000 Jenner earned from modeling and advertising.

Kylie Jenner
Kylie Jenner

Kylie Cosmetics a year ago signed a deal with Ulta Beauty Inc (ULTA.O) to put her products in all of the retailer's 1,163 USA stores.

"What she has done is expertly utilized her social media platform to sell a product that people want", said Claman.

Dictionary.com has previously challenged Forbes on its characterization of Jenner, who reportedly amassed a $900 million fortune by the summer of 2018, less than three years after launching her makeup empire, Kylie Cosmetics, according to Forbes' estimations.

Her success can mainly be credited to her sensational make-up line Kylie cosmetics which has enjoyed unbelievable success.

In an interview with Paper magazine last month, Jenner said that her parents, Kris Jenner and Caitlyn Jenner, had instilled a strong work ethic in her since she was a child.

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