Kylie Jenner becomes world’s youngest self-made billionaire

TV personality Kylie Jenner attends the 2018 MTV Video Music Awards at Radio City Music Hall on Aug 20 2018 in New York City

Jenner has a 100-per-cent stake in the company, and with low overhead costs and enormous revenues, her company is worth "at least $900 million", according to Forbes.

Forbes' latest rich list has described Jenner as the youngest ever self-made billionaire, as she is two years younger than when Facebook founder Mark Zuckerberg passed that threshold.

Jeff Bezos, 55, founder of Amazon, kept the top spot in the magazine's annual list of the world's dollar billionaires.

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Microsoft Corp (MSFT.O) co-founder Bill Gates remained in the No. 2 position with an estimated fortune of $96.5 billion, up from $90 billion a year ago. Her family, after all, is rich and famous. Also on the youngest billionaire list for 2018 are Alexandra Andersen and sister Katharina, who own a Norwegian holding company, and Snapchat creator Evan Spiegel. "Jenner was ranked at number 2,057 on this year's list".

Kylie Cosmetics a year ago signed a deal with Ulta Beauty Inc to put her products in all of the retailer's 1,163 USA stores. Kylie has now become the youngest billionaire at the age of 21 years by selling her cosmeti products online and in some of the pop - up shops. Momager Kris Jenner, 63, is especially "over the moon that her baby girl's achieved this level of success", our source says, and for more reason than the 10% management cut she gets from all her kids. A post on crypto coins news further argued that such support contradicts the notion of "self-made" in Jenner's case, which indirectly questions Forbes' process for selecting candidates.

"What she has done is expertly utilized her social media platform to sell a product that people want", said Claman. The profile deems her "the first selfie-made billionaire". Lol, jk, but seriously, Kylie said that she had no idea her cosmetics line would be as successful as it has become.

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