How does Kylie Jenner, the world’s youngest ‘self-made’ billionaire, spend her money?
The reality TV star behind Kylie Cosmetics, has a US$12 million home and bought her mum a US$250,000 Ferrari and daughter a US$12,500 Fendi push chair
Remember when Kylie Jenner caused a storm for being named “the youngest self-made billionaire ever” by Forbes magazine in March 2019 – much to the chagrin of many of her critics, including Dictionary.com?
At just 21, Kylie Jenner is worth US$1 billion, and her cosmetics company, Kylie Cosmetics, is valued at US$900 million
By the age of 21, the American media personality was worth more than US$1 billion, and her cosmetics company, Kylie Cosmetics, was valued at US$900 million.
Much of the controversy surrounding Kylie's still-disputed title comes from the fact that she was born into wealth and fame. It is not exactly the scenario most people picture when they hear the words “self-made”.
As Dictonary.com, the online dictionary, wrote after the Forbes report was published: “Haven’t we gone over this? Self-made: Having succeeded in life unaided.”
While being born a Kardashian-Jenner essentially ensured Kylie fame as well as a plush upbringing, she transformed that influence into her own impressive income.
So where exactly does Kylie's money come from?
Kylie's main source of revenue is her cosmetics company, Kylie Cosmetics. She started the company at just 17, reportedly using US$250,000 of her own money to launch her lip kits.