Kylie Jenner named youngest self-made billionaire by Forbes
Forbes estimated that Jenner’s Kylie Cosmetics is worth at least US$900 million, and she owns it all. She hits the billion-dollar mark when you add in cash she has already pulled from the profitable business, the magazine said.
Facebook’s Zuckerberg was 23 when he hit the big B mark.
Jenner told Forbes the milestone is a “nice pat on the back.”
“I didn’t expect anything. I did not foresee the future,” Jenner, who is the youngest billionaire in the world, told Forbes “But [the recognition] feels really good.”
“I see [Kylie Cosmetics] going very far,” Jenner said. “I work really hard.”
Detractors have wondered as the Jenner-Kardashian sibling climbed her way to a billionaire exactly what Forbes means by “self-made.” Her family, after all, is rich and famous. Her mom, Kris Jenner, helped build her business.
Forbes says as long as she didn’t inherit a business or money, she’s labeled self-made.
Jenner’s sister Kendall and boyfriend Travis Scott celebrated the 21-year-old billionaire on Twitter.
Dictionary.com tweeted, “Haven’t we gone over this? Self-made: Having succeeded in life unaided.”
Good Morning Britain host Piers Morgan insisted that Jenner is only successful because of her older sister Kim Kardashian’s sex tape, which landed their family a reality show and very successful careers.
“When you say self-made billionaire, I just thought she’d got it because her sister made a sex tape and that is why they all became hugely rich,” Morgan said to his co-host Susanna Reid on Wednesday morning.
“If Kim Kardashian hadn’t made that sex tape that then got leaked… She took ownership of it, made millions, and made a family franchise out of it… None of them would have ever been heard of,” he said during his on-air rant.
He continued: “When you say ‘self made,’ her sister had sex with somebody, the tape got leaked, and the whole family cashed in. That I think is a more accurate account of this thrilling entrepreneurial story.”
Reid tried to defend Jenner but Piers went on to insist the 21-year-old reality star isn’t “even that good looking.”
He added: “We don’t want young girls thinking the way to get on is to be a Kardashian, because that’s madness. Make a sex tape, make a billion — what kind of message is that? Especially with International Women’s Day coming up, is this what we’re celebrating?”
Many people on social media disagreed with the “self-made” billionaire news.
— With files from the Associated PressFollow @KatieScottNews
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