Main image via Instagram + DemotiX
Whether you love her or hate her, Kylie Jenner has once again made it as the world’s youngest self-made billionaire on Forbes’ annual list!
For the second year running, the 22-year-old makeup-mogul has topped the highly coveted “World’s Billionaire” list this time with her Kylie Cosmetics empire valued at $1 billion (RM4.3 billion).
Forbes’ recently released list sees Kylie maintaining her position after first entering the list back in March 2019 where she dethroned Facebook’s Mark Zuckerberg – who reached billionaire status at 23-years-old, as the youngest self-made billionaire.
Last year, Kylie’s status caused much controversy as many claimed that her wealthy, reality TV-bolstered and family background was the reason for her success.
However Forbes’ defended her position by saying, “Yes, self-made (despite a lot of help from her famous family, she didn’t inherit her business – she built it). And yes, billionaire (she’s worth $1 billion).”
In an interview with Interview Germany, Kylie also defended her self-made title by saying:
“There’s really no other word to use other than self-made because that is the truth. That is the category that I fall under. Although, I am a special case because before I started Kylie Cosmetics, I had a huge platform and lots of fans.
I did not get money from my parents past the age of 15. I used 100% of my own money to start the company, not a dime in my bank account is inherited… and I am very proud of that.”
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When Kylie Cosmetics first launched in 2015, her first lipstick kit sold out in minutes! But it was only when she sold a $600 million (RM2.6 billion) majority stake in her company to Coty Inc. that her wealth spiked and cemented her a position on Forbes’ list.
Kylie’s brand is now valued at $1.2 billion (RM5.2 billion).
Speaking to publication last year, she said: “I had such a strong reach before I was able to start anything… I didn’t expect anything. I did not foresee the future. But [the recognition] feels really good. That’s a nice pat on the back.”
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Kylie may be the youngest on the list but she is only one of 10 other billionaires under the age of 30 that includes Snapchat co-founder Evan Spiegel, 29 - $1.9 billion (RM8.2 billion).
You can check out the full list of 2020’s 2,095 billionaires HERE.
Congratulations Kylie!
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Info via Unilad