In mid-November, Kylie Jenner marked a milestone moment with a visit to a strip mall. For the past three years, her Kylie Cosmetics had only sold its makeup online and briefly in pop up shops.
Last year Jenner made the cover of FORBES’ on the 60 self-made riches women issue when after they valued Kylie Cosmetics at nearly $800 million.
Cosmetics giant and “Keeping up with the Kardashians” star was announced of the FORBES list as the youngest self-made billionaire on Tuesday and tweeps weren’t happy.
On Tuesday, it was officially announced that she is the youngest self-made billionaire taking the title previously held by Facebook found Mark Zuckerberg.
However, tweeps again pointed out that the “Life of Kylie” star is not self-made with Dictionary.com’s Twitter page even jumping in to throw shade laced with truth.
Fueled in part by the Ulta expansion, Kylie Cosmetics’ revenue climbed 9% last year to an estimated $360 million. With that kind of growth, and even using a conservative multiple from the booming makeup industry, Forbes estimates Jenner’s company is worth at least $900 million. She owns all of it. Add in the cash Jenner has already pulled from the profitable business, and the 21-year-old is now a billionaire, with an estimated fortune of $1 billion. She’s the youngest-ever self-made billionaire, reaching a ten-figure fortune at a younger age than even Mark Zuckerberg (who was 23 when he hit that mark).
“It’s the power of social media,” Jenner says. “I had such a strong reach before I was able to start anything.”
When Kylie Cosmetics launched in Ulta in 50 states, the reaction was a real-life version of the online rush Jenner created years earlier, when her initial kits sold out online in less than a minute. Ulta shoppers went wild. In some stores inventory was gone in hours. “It sold out faster than we planned,” admits Tara Simon, Ulta’s senior vice president of merchandising.
Twitter Reacts.
Today, at 21 years old, Kylie Jenner became the youngest self-made billionaire of all time. Today, at 21 years old, I picked mould off a piece of bread, ate it, then called my mum to ask if it would poison me
— sophie (@sophxthompson) March 5, 2019
ah yes self made billionaire kylie jenner, cant believe how far she’s came from that little council estate in the slums of carlisle https://t.co/UO3wDEH9YK
— Callum Markie (@callummarkie) March 5, 2019
Dear Twitter,
Kylie Jenner is not self-made. She was a child on a reality show, her father is an Olympic gold medalist, her mother came from a family already famous off the controversy. She was raised in the limelight and in wealth. Quit overhyping mediocrity. pic.twitter.com/MJL9Q5KXX9
— Granddaddy Sandwich (@TySandwich) March 5, 2019
“Kylie Jenner is the youngest self made billionaire”
Me: SELF MAAADE??? pic.twitter.com/gsr2ScBFBw
— Ashar (@AsharPrime) March 5, 2019
Kylie Jenner is NOT A SELF MADE millionaire. #KylieJenner pic.twitter.com/r8rwZ82kyS
— Raquel 🤙 (@quelllzz) March 5, 2019
STOP CALLING KYLIE JENNER A “SELF-MADE” BILLIONAIRE pic.twitter.com/QvQsqfX6PD
— 🌟 (@rosevenus__) March 5, 2019