Kylie Jenner becomes world’s youngest self-made billionaire

Kylie Jenner Is Officially the World's Youngest Billionaire!

"Kylie Jenner, who comes from a wealthy family and who has leveraged her fame to her advantage, ranks a 7". Self-made can also mean building a company or establishing a fortune on his or her own, instead of inheriting the fortune. Forbes estimated that the cosmetics company, which is 100%-owned by Jenner, made $360m (£274m) in sales previous year. Ms Jenner, who has a one year-old daughter, owns 100 per cent of the company.

The official Twitter account for Dictionary.com has once again challenged reports that describe Kylie Jenner as a "self-made" billionaire.

Piers fumed: "It's not self-made, it's because her sister made a sex tape".

Kylie Jenner and Travis Scott are trying to get their relationship back on track amid alleged cheating incident.

Facebook's Zuckerberg was 23 when he hit the big B mark.

'I see Kylie Cosmetics going very far. "I had such a strong reach before I was able to start anything", she said.

She has almost 27 million followers on Twitter and 128 million on Instagram, helping her to promote her products to her key consumer base - her own fans.

The company was renamed Kylie Cosmetics in February 2016, when Jenner stocked the site with 500,000 more lip kits in multiple shades, and it has since expanded to other makeup products. 11 percent of billionaires (247 people) on the 2018 Forbes' Billionaire list have been knocked off, "the most since 2009 at the height of the global financial crisis", Forbes said.

Marketing is carried out through social media, primarily dependent on Ms Jenner's enormous following. She admitted in May 2015 to having temporary lip fillers, and the business instincts she inherited from her mother kicked in. They sold out in less than a minute.

Forbes already considered Jenner a billionaire eight months ago when the magazine put her on the cover of a July 2018 issue as the face of "America's women billionaires", despite the fact that her net worth stood around $900 million at the time. The 21-year-old also had a huge business expansion and her growth in the beauty industry has been sizeable.

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