Forbes names Kylie Jenner world's youngest billionaire

That's right - thanks to the makeup empire that the Kylie Cosmetics CEO built, she took the crown of "youngest self-made billionaire" from Facebook's founder at age 21 (Mark was 23).

Kylie Jenner is the world's youngest self-made billionaire, according to the newest Forbes billionaires' list. Someone who inherited everything they have gets a 1, whereas someone who didn't grow up with money and experienced hardships gets a 10, Forbes says.

Kylie Cosmetics' revenue climbed nine per cent to an estimated $500 million AUD past year. Her company is set to be worth an estimated $900 million.

While many argue that Kylie wouldn't have ventured into the cosmetics business if it wasn't for her sister Kim's sex tape getting leaked, she still technically fits the definition of "self-made".

She has almost 27 million followers on Twitter and 128 million on Instagram, helping her to promote her products to her key consumer base - her own fans. Dictionary.com's Twitter account wrote, including its definition of "self-made".

Forbes made it official this morning, and Kylie said she "didn't expect" the company to have this much success.

After Travis Scott cheating rumours circulated last week, Travis Scott has tried his hardest to ensure Kylie Jenner is secure and has made multiple efforts to show her that she is the only woman on his mind.

"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. She mostly runs the company using her iPhone, and if you follow her on Instagram, you will notice that she regularly promote new products from the company. Customers could only purchase her products online until that point.

Kylie has a huge social media influence.

Whilst Facebook's financial reports indicated a 30 percent increase in revenues and 61 percent increase in year-on-year earnings, 2018 was plagued with the Cambridge Analytica scandal and data breaches which placed the United States social media giant under the scrutiny of both the USA and UK governments.

  • Jacqueline Ellis