Bloomberg on Tuesday also named Jenner the world's youngest self-made billionaire. The rest of us have them too, but for Kylie, every move is played out in the media for the world to see. And hey, congrats on the title Kylie, but there's a tiny catch.
Dictionary.com called out Kylie Jenner and served a major truth bomb. In case you forgot, people were a little upset that the mag categorized her as "self-made".
A large majority of her wealth comes from her Kylie Cosmetics company, which is estimated to be worth at least $900 million and has products sold both online and in retail stores throughout the United States. The social media network, that celebrated its 15th anniversary in January, was embroiled in the Cambridge Analytica scandal, and has been facing allegations of data breach and privacy violation. The main source of her fortune, Kylie Cosmetics, for example, was founded in 2016 with a modest $250,000 Jenner earned from modeling and advertising. And the Kylie Cosmetics founder and owner certainly lived up to expectations.
She also credits the success of her line to her social media influence.
McGrath worked as a receptionist in the early 1990s to support her make-up artistry, before getting her big break working with i-D's then fashion editor. Was it fair to use that word to describe the cosmetics mogul, the public asked, given that she was born into a rich family and owes much of her early fame to half-sister Kim Kardashian West?
"We consider any person who built her own fortune, and didn't inherit the money, to be self-made", she wrote. The profile deems her "the first selfie-made billionaire".
Luisa Kroll of Forbes has previously explained how the publication defines the term "self-made".
Oprah for example, is given a rating of 10. Her Forbes self-made score was a 10. Jenner got a 7.
Warren Buffet is the son of a congressman.