Kylie Jenner is now the youngest self-made billionaire

Kylie Jenner is now the youngest self-made billionaire

Jenner, 21, is worth US$1.02 billion (S$1.38 billion), according to the Bloomberg Billionaires Index, which assumes that she owns 90 per cent of her company and ascribes the rest to her mother Kris, who takes a management fee in exchange for handling public relations and finance. "I did not foresee the future", Jenner says about how well her makeup line has done. But (the recognition) feels really good. "That's a nice pat on the back", she told the publication.

She started out by selling $29 lip kits that came with a promise of getting the big-lip pout Jenner became famous for.

Last year, the finance publication placed Jenner as the 27th richest, self-made woman in the U.S., with an estimated fortune of US$900 million.

Jenner has also been credited for her social media outreach.

Around US$900 million of her empire is in her cosmetics brand, Kylie Cosmetics, which has seen a runaway success since it launched in 2015. She mostly runs the company using her iPhone, and if you follow her on Instagram, you will notice that she regularly promote new products from the company. Ms Jenner would be in 2,057th place whether she was self-made or inherited.

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On Tuesday, Forbes released the 33rd annual World's Billionaires list, which included 21-year-old Jenner for the first time.

The entrepreneur owns 100% of Kylie Cosmetics, the three-year-old beauty business that did an estimated $360 million in sales previous year, and most of her sales are done online.

"The self-made thing is true", she said.

Even though Kylie Jenner still considers herself to be "self-made" since she claims her parents cut her off at 15-years-old, many believe that she should not be able to hold that title.

She is also $1 billion richer! "As long as the list member didn't inherit a business or money, she is labeled self-made", Forbes journalist Kerry A. Dolan said.

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