Forbe’s has released its annual billionaires list and Kylie Jenner was named youngest ‘self-made’ billionaire.
Kylie Jenner is a beauty mogul and this is the second time in a row she is named youngest ‘self made’ billionaire.
The mother of one unseated Facebook’s Mark Zuckerberg, 35, as the youngest-ever self-made billionaire in 2019.
She retained her position after she sold off 51% of her Kylie Cosmetics brand to beauty brand Coty Inc. for $600 million.
The deal closed in January, meaning her business is now valued at around $1.2 billion.
She still solely owns the other 49 percent stake.
Forbes addressed the controversy that surrounds the title ‘self-made’.
This is after people argued that Kylie came from an already privileged background.
Forbe 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).
See complete list of the youngest billionaires in the world.
1. Kylie Jenner, 22
Net worth: $1billion
Source of wealth: Cosmetics
2. Alexandra Andresen, 23
Net worth: $1.2billion
Source of wealth : Investment firm
3. Katharina Andresen, 24
Net worth: $1.1billion
Source of wealth: Investment firm
4. Gustav Magnar Witzoe, 26
Net worth: $2.6billion
Source of wealth: Fish farming
5. Elizabeth Furtwaenger, 28
Net worth: $1.2billion
Source of wealth: Publishing
6. Jonathan Kwok, 28
Net worth: $2billion
Source of wealth: Real estate
7. John Collison, 29
Net worth: $3.2million
Source of wealth: Stripe
8. Evan Spiegel, 29
Net worth: $1.9billion
Source of income: Snap
9. Pedro De Godoy Bueno, 29
Net worth: $1.1 billion
Source of wealth: Diagnostic services
10. Lisa Draexlmaier, 29