Critics have pointed to her advantages but it seems like this title will stick for the entrepreneur.
Kylie Cosmetics founder Kylie Jenner has officially become the world’s youngest “self-made” billionaire at 21 years old, Forbes reported Tuesday.
The magazine credits her latest successes to her makeup company’s expansion into Ulta beauty stores, which caused revenue to climb 9 percent last year to an estimated $60 million. Forbes also reports that Kylie Cosmetics is valued at at least $900 million.
With Jenner pocketing most of the funds as the sole owner of the operation, and her other sources of income like brand partnerships and involvement on E!’s “Keeping Up with the Kardashians,” she now has an estimated fortune of $1 billion, the site reports.
“I didn’t expect anything. I did not foresee the future,” Jenner told Forbes. “But [the recognition] feels really good. That’s a nice pat on the back.”