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This just in: Kylie Jenner, at age 21, has been named the youngest self-made billionaire ever by Forbes as part of their 2019 world’s richest people list.
Yes, they’re still calling her “self-made.”
So how did she do it? According to Forbes in just six weeks late in 2018…
Kylie Cosmetics sold $54.5 million worth of products in Ulta, according to estimates from Oppenheimer. “I popped up at a few stores, I did my usual social media — I did what I usually do, and it just worked,” she says.
That’s pretty much the same way Bill Gates made his fortune, right?
Thanks to that six-week run, Jenner’s company is now worth at least $900 million, according to Forbes’ estimates. And she is the sole owner of the company, making her the youngest-ever “self-made” billionaire, beating out some guy named Mark Zuckerberg who achieved that level at age 23.
Kylie Jenner is the youngest-ever self-made billionaire, reaching a 10-figure fortune at a younger age than even Mark Zuckerberg https://t.co/P18m2ldrQk #ForbesBillionaires pic.twitter.com/RrenNvGbbE
— Forbes (@Forbes) March 5, 2019
Back in July of 2018, Forbes felt the need to defend itself after calling Jenner “self-made.” (Because it’s absurd.)
To be clear, Forbes defines “self-made” as someone who built a company or established a fortune on her own, rather than inheriting some or all of it. As long as the list member didn’t inherit a business or money, she is labeled self-made. But the term is very broad, and does not adequately reflect how far some people have come and, relatively speaking, how much easier others have had it.
“someone who built a company or established a fortune on her own…”
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As for becoming the youngest “self-made” billionaire, Jenner told Forbes, “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.”
Stop hitting yourself. Oh wait, that’s me doing that. Me, and half the internet.
https://twitter.com/jetpack/status/1102958598227935233"Self-made" pic.twitter.com/0KnoA1wF8I
— Deegs (@BDeegs) March 5, 2019
Not self-made. pic.twitter.com/LYdCuu9U6F
— christine (@christeen405) March 5, 2019
Call her a billionaire fine but don’t call her “self made” that’s an f u to everyone that has made something out of nothing...
— rob (@BUFU56) March 5, 2019
Uh, self-made means you weren't already born rich. She's had managers, coaches, and financial advisers her entire life. @KylieJenner is not "self-made" anything.
— Maxwell Mudd (@MaxwellMudd) March 5, 2019
“Self-made” pic.twitter.com/uZG7x6pPxD
— Meesh (@purdie_RHO) March 5, 2019
And what does she actually do?
— Esteban (@Eband2012) March 5, 2019
Didn’t you read the article? She shows up at stores and uses social media. Duh.
Get me off this planet.
— T✰ (@D7RK_KNIGHT) March 5, 2019
https://twitter.com/Seif97ify/status/1102974134777270274