Kylie Jenner named world's youngest "self-made" billionaire for second year in a row

9 April 2020, 12:14

Take a Look Inside Kylie Jenner's Ridiculously Huge Purse Closet

Jazmin Duribe

By Jazmin Duribe

Kylie Jenner remains the richest (and youngest) of the Kardashian-Jenner family.

Kylie Jenner has retained the title of the world's youngest self-made billionaire for the second year in a row. The Keeping Up With The Kardashians star is one of only 2,208 people in the world worth $1 billion or more.

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On Wednesday (Apr 8), Forbes released its annual list of the world's richest people. At just 22, Kylie has again been named the world's youngest self-made billionaire, after selling 51% of her cosmetics brand – Kylie Cosmetics – in November 2019 for $600m to Coty. Kylie Cosmetics is now valued at around $1.2 billion.

Kylie Jenner Vanity Fair Party
Kylie Jenner declared world's youngest self-made billionaire by Forbes. Picture: Frazer Harrison/Getty Images

Last year, Forbes announced Kylie (then 21) was world's youngest self-made billionaire, knocking Facebook founder Mark Zuckerberg – who was only 23 when he made his first billion – off the spot. Kylie received backlash for her "self-made" title given that the Kardashians are one of the wealthiest families in the world.

Kylie recognised that coming from her family had its perks, however, she didn't receive a "dime" when starting Kylie Cosmetics.

"There's really no other word to use other than self-made because that is the truth. That is the category that I fall under," she explained to Interview in 2019. "Although, I am a special case because before I started Kylie Cosmetics, I had a huge platform and lots of fans. I did not get money from my parents past the age of 15.

"I used 100% of my own money to start the company, not a dime in my bank account is inherited… and I am very proud of that."