WASHINGTON — Kylie Jenner, the 21-year-old youngest member of the Kardashian-Jenner clan, has officially become the youngest self-made billionaire in history — knocking Facebook founder Mark Zuckerberg off the top of the list.
For months Forbes had speculated that the cosmetics queen would capture the title and it became official on Tuesday, when the magazine published its annual lists of the world’s richest people.
Zuckerberg was the previous youngest self-made billionaire; he reached that threshold at the age of 23 in 2008.
Jenner is the sole owner of Kylie Cosmetics, which she founded in 2015. Her hallmark product is a $29 lip kit, which contains a liquid lip color and matching liner. Kylie Cosmetics had previously been sold only online and occasionally in pop-up shops. But in November 2018, the makeup started being distributed in the chain Ulta Cosmetics and is now available in the stores in all 50 states, according to Forbes. Jenner has traveled to malls around the country to push her products at the stores.
Forbes estimates that Jenner’s company is worth $900 million. The money she earned from personal appearances as well as her real estate portfolio push her net worth over the $1 billion mark, according to Forbes.
In an interview with Paper magazine published two weeks ago, Jennifer said her parents, Kris Jenner and Caitlynn Jenner, cut her off financially when she 15 and told her she needed to earn her own money.
Jenner attributes her success to her massive social media following. She has more than 128 million followers on Instagram alone, according to Forbes. Also, she told Forbes: “I work really hard.”
In addition to her cosmetics line, Jenner appears on the E reality show, “Keeping Up With the Kardashians” with her family. Jenner is also a mom: True, her daughter with Grammy-nominated rapper Travis Scott, celebrated her first birthday on Feb. 1.
Forbes also reported that Jeff Bezos, the owner of Amazon, Whole Foods and the Washington Post, is the richest American. He is worth $131 billion, according to Forbes, but his fortune is expected to drop significantly after his impending divorce from his wife of 25 years, MacKenzie Bezos, is final.
1. Jeff Bezos – $131 billion
2. Bill Gates – $96.5 billion
3. Warren Buffett – $82.5 billion
4. Larry Ellison – $62.5 billion
5. Mark Zuckerberg – $62.3 billion
6. Michael Bloomberg – $55.5 billion
7. Larry Page – $50.8 billion
8. Charles Koch – $50.5 billion
9. David Koch – $50.5 billion
10. Sergey Brin – $49.8 billion