Kylie Jenner Being Called Youngest 'Self-Made' Billionaire Is Turning Heads

Lynne Versluys 5 Mar 2019

How much did her family's name and resources contribute to her success?

1. The Kardashian Machine

It's impossible to avoid Kardashian family news these days. They've oversaturated the market with their family drama and various businesses, with none as ubiquitous as Kylie Cosmetics.

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2. The Youngest Self-Made Billionaire

While Forbes projected last year that Kylie Jenner was on track to become the youngest self-made billionaire ever, it was official until now. At the age of 21, Jenner has built a makeup​ empire that has raised her profile above that of her sisters.

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3. Dethroning Zuckerberg

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Kylie dethroned Facebook creator and tech bro Mark Zuckerberg, who previously held the title at 23.

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4. The Deal That Made It Happen

While Kylie Cosmetics was always a booming business, the deal that pushed Kylie into the billionaire class was with ULTA, which signed an exclusivity deal with Kylie Cosmetics to sell their products in 1,000 stores across the country. After six weeks, around 54.5 million worth of products was sold in the stores.

Forbes estimates that this puts Kylie Cosmetics at around $900 million in value. Jenner is the sole owner.

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5. A Pat On The Back

Jenner told Forbes that she credits a lot of her success to social media.

"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. It's the power of social media. I had such a strong reach before I was able to start anything."

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6. Debated Raged Online

Calling Jenner, who comes from a very affluent and famous family, "self-made" sparked a lot of debate online. Some pointed out that even with her family money, Jenner's success is unprecedented.

@KylieJenner was worth $5M in 2015. Fewer than 4 years later, she's become the world's first self-made billionaire.

Don't believe she's self-made? How about you try achieving a 19,900.00% return on investment in 4 years.

Congrats, girl. You earned it.

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7. The Kardashian Family Name

Others found the statement to be ridiculous because of the Kardashian name and the privilege that it affords her.

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8. Acknowledging Her Privilege But Defending Her Status

While Kylie acknowledges that her family name did give her a significant leg up, she still claims that she has made all of her money herself. She told Paper Mag:

"I had such a huge platform, I had so many followers already and I had so many people watching me. But my parents told me I needed to make my own money at age 15 — that it was time to learn how to save and spend my own money. What I'm trying to say is, I did have a platform but none of my money is inherited."

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9. A Huge Deal

Still, it's hard to deny that it was a historic achievement. Even if you've learned everything you know about the Kardashians against your will, most would call this a massive accomplishment.

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10. She's Got It All

Flickr | woods8180

Besides her tremendous fortune, Kylie is also doing pretty well in her personal life. She has a healthy, happy baby, Stormi, with musician Travis Scott.

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11. When Money Is No Object

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And Stormi is already known for throwing epic parties - her first birthday celebration included fairground rides, elaborate cakes, and of course, performances of "Baby Shark."

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12. Mom, Daughter Are Bonding

Kylie and Stormi have celebrated another milestone recently. Elite Daily reports that mom was helping Stormi learn how to walk.

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13. Stormi's Future Looks Bright

Like so many moms, Kylie wishes Stormi would never grow up and would "stay this little forever."

On her Instagram page, Jenner wrote a recent note to her daughter:

"how did i get so lucky to have such a sweet, smart, happy baby. i just couldn’t have dreamt you up, storm. i wish you could stay this little forever and i could protect that contagious smile and laugh of yours. I know you won’t remember much about the first year of your life but i pray that you’ll never forget to keep sharing your joy and laughter with the world. my love grows for you a thousand miles a minute. every day with you is the best day of my life. happy birthday to my angel on earth."

Stormi seems to be in good hands.

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