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Kylie Jenner named world’s youngest ‘self-made’ billionaire for the second year in a row

The reality star sold 51% of her cosmetics brand late last year

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Kylie previously held the top spot as Instagram's highest earner

Kylie Jenner has been named the world’s youngest ‘self-made’ billionaire for the second year in a row.

The 22-year-old was named in Forbes magazine’s annual World’s Billionaires list – which was released today.

The news comes just months after the reality star sold 51% of her Kylie Cosmetics brand to Coty Inc. for $600 million – meaning her business is now valued at around $1.2 billion.

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The KUWTK star, who still owns 49 percent of her company, is one of just 2,095 people in the world with a ten-digit fortune.

Kylie first made it onto the billionaires list in March 2019, and at the time she was forced to defend her ‘self-made’ title, as many argued that her family’s fame and success helped her along the way.

In response, Kylie said: “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,” she added.

Kylie is one of just 10 billionaires in the world currently under the age of 30.

Seven of the 10 are heirs, and only three created their own fortune – including Kylie, Stripe co-founder John Collison (worth $3.2 billion), and Snapchat co-founder Evan Spiegel (worth $1.9 billion).

 

 

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