She did it: Kylie Jenner is a billionaire!
Kylie Jenner is the world's youngest self-made billionaire, according to the newest Forbes billionaires' list.
Not only is this Jenner's first appearance - she's also become Forbes' youngest ever self-made billionaire.
The confirmation will be good news for Jenner, who last month was at the centre of family drama after her childhood best friend, Jordyn Woods, was implicated in a cheating scandal with the partner of Jenner's sister Khloé Kardashian, Tristan Thompson. The richest person in the world remains Amazon founder and CEO Jeff Bezos with a whopping $131bn fortune mostly held in his shares in Amazon. The founder was just 23-year-old when he achieved it all. He is followed by Bill Gates at USD 96 bn, Warren Buffett at USD 88 bn, Bernard Arnault at USD 86 bn, and Mark Zuckerberg at 80 billion. Here's a look at some interesting stats that the list brought out. Zuckerberg, conversely, founded his tech giant as a mere college student living in a dorm.
"It's the power of social media", Jenner said.
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While being interviewed by mom Kris Jenner for Love Magazine's Spring/Summer 2018 issue, Kris asked her daughter, "It's estimated that in the next few years you could have the biggest beauty brand in the world".
Forbes said that in 2014, it came up with a scoring system "that ranked members of the Forbes 400 list of richest Americans on a scale of 1 to 10 in terms of how self-made they were". Business magnate Warren Buffett rounds out the top three with a net worth of $82.5 billion. Its research found that the total number of billionaires had declined over the past year from 2,208 to 2,153. Within six weeks, she sold about $55 million worth of cosmetics, Forbes reported.
Kylie Cosmetics made about $360 million a year ago.
The 21-year-old TV personality and entrepreneur has made her fortune from her best-selling cosmetics business.
In fact, the makeup mogul revealed that she was "cut off" from the family financially at just 15, so she spent "every last dime that I had" to start her cosmetics company in back in 2015.