World’s Youngest Self-Made Billionaire, In these difficult times when people around the globe are having a hard time with this pandemic that has cast its spell. While most people in the world are struggling for the basic necessities, Forbes has launched its annual billionaires’ list.
Oh yes, that’s exactly what the world requires right now! For the second year in a row, Kylie Jenner bagged the title of the world’s youngest self-made billionaire at the tender age of 22.
Is she truly ‘Self-made’?
No wonder Kylie is hardworking. With her cosmetics empire – Kylie Skin and Kylie Cosmetics, her business expanded, thanks to her brilliant social media base. There was quite a debate when she was awarded the title ‘self-made’ by Forbes last year. Since she was brought up in a rich and influential family, many felt that the title was quite puzzling.
Despite coming from a good background, Kylie Jenner wasn’t gifted her business and wealth and hence, the title fits right. She even opens up quite modestly saying that she couldn’t have reached the heights all by herself. Though she hasn’t inherited any money, she had a lot of help and a huge platform.
- At 21, celebrity-turned-makeup mogul Kylie Jenner became the youngest self-made billionaire ever.
- In November 2019, she agreed to sell 51% of her Kylie Cosmetics to beauty giant Coty Inc. for $600 million.
- The deal, which closed in January 2020, leaves Kylie in charge of creative efforts and marketing.
- She still owns 49% of the business, which she and her mother Kris Jenner grew through shrewd self-promotion and super low overhead costs.
- Jenner used $250,000 of her earnings from modelling gigs to pay an outside company to produce her first 15,000 lip kits.
Was this the best time to publish the list?
Forbes has faced a lot of criticism for releasing the list in these difficult and tense times, but we have tried to look into its bright side as well. Now that we have an updated list of world’s billionaires, we know who all are capable to offer so much more than they already have to help the needy during this pandemic.
Billionaire Kylie Jenner has donated $1 million to go toward coronavirus relief efforts.
- Thaïs Aliabadi, an OB-GYN at Cedars Sinai Medical Center, Los Angeles thanked Jenner in an Instagram post for donating $1 million, saying it will buy thousands of masks and other gear to be delivered to first responders.
- Aliabadi, who has made appearances on the show Keeping Up With The Kardashians, reportedly delivered Jenner’s daughter, Stormi Webster and was featured in Jenner’s viral birth announcement.
- The news of Jenner’s donation comes after she encouraged her millions of followers to self-quarantine after being requested to do so by U.S. Surgeon General Jerome Adams.
- Jenner herself has yet to comment on the reported donation.
