It’s official: Kylie Jenner is now the youngest self-made billionaire ever.
Forbes reports that Jenner, who is 21, is now worth $US1 billion, reaching the milestone to years earlier than Facebook founder Mark Zuckerberg.
The success comes from her Kylie Cosmetics, a company Forbes estimates to be worth at least $US900 million.
Jenner, of course, owns all of it, so adding in the cash she has already made from the business she has now hit the $1 billion mark.
An exclusive deal to start selling her products through distributor Ulta saw the value of her company jump more than 9 per cent. More than $US54 million in Kylie Cosmetics has been sold in the six weeks since the deal was announced.
“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.”
Jenner admits that her social media following has a huge part to do with her success.
“I had such a strong reach before I was able to start anything,” she says. “It’s the power of social media.”
Jenner current counts 175 million-plus followers on Snapchat, Instagram, Facebook and Twitter.
While some may question the “self-made” part of her new informal title, Jenner has defended it.
“The self-made thing is true,” she told Paper
magazine, adding that Kris Jenner and Caitlyn Jenner “cut her off at the age of 15” and haven’t financially supported her since.