Forbes has released the annual World’s Billionaires list,beauty mogul Kylie Jenner, mother of one who unseated Facebook’s Mark Zuckerberg, 35, as the youngest-ever self-made billionaire in 2019,has been named youngest ‘self-made’ billionaire for the second year in a row.
Kylie Jenner, retained her position after she sold off 51% of her Kylie Cosmetics brand to beauty brand Coty Inc. for $600 million.
Money from the sale means she is one of just 2,095 people in the world with a a fortune of ten digits.
Forbes also addressed the controversy that surrounds the title ‘self-made’ after people argued that Kylie came from an already privileged background. They wrote: ‘ Yes, self-made (despite a lot of help from her famous family, she didn’t inherit her business—she built it). And yes, billionaire (she’s worth $1 billion).’
Jenner’s Kylie Lip Kits first propelled her into fame in 2015, when the beauty entrepreneur launched her business and the matte liquid lipstick kits sold out in minutes.
Jenner, who is the youngest and richest of the entire Kardashian-Jenner family, started her make up line in 2015 by selling $29 lipstick kits.
Also on the list of young billionaires are sisters Alexandra and Katharina Andresen, aged 23 and 24, who both are worth $1.2billion and $1.1billion respectively.