According to recent publications by Forbes magazine Kylie Jenner has become the youngest self-made billionaire, reaching a 10-figure fortune at a younger Having accumulated an estimated $1 billion by age 21. According to Forbes’ estimates, Jenner’s company is worth at least $900 million and she owns 100% of it. She got to the billion mark, just barely, with the inclusion of $100 million in cash she’s made from the company’s profits.
The Kylie Cosmetics founder ranks No. 2,057 on a list of 2,153. Amazon founder Jeff Bezos, who independently owns The Washington Post, and Microsoft co-founder Bill Gates still hold the top two spots.
For what it’s worth, Forbes noted that it uses “self-made” to describe anyone who didn’t inherit a business or fortune. “But the term is very broad,” the magazine acknowledges, “and does not adequately reflect how far some people have come and, relatively speaking, how much easier others have had it.” “I didn’t expect anything. I did not foresee the future,” says Jenner, who is the youngest billionaire in the world. “But [the recognition] feels really good. That’s a nice pat on the back.”
Forbes also defines being self-made as “someone who built a company or established a fortune on her own, rather than inheriting some or all of it.”
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17 August, 2019