Cosmetics and reality television queen Kylie Jenner has been named the world’s youngest self-made billionaire at just 21 years old by Forbes.
With US$1 billion (AU$1.42 billion) to her name, she’s also the wealthiest of the Kardashian-Jenner clan.
But while her eye-watering wealth isn’t in dispute, many commentators have noted that Jenner hasn’t exactly come from the average family.
Her mother, Kris Jenner pioneered the term “momager” – building the careers of Kylie’s sisters Kim, Khloe and Kourtney Kardashian and Kendall Jenner while taking a 10 per cent management fee.
Both her parents are worth millions, and being born into a highly-watched reality television also comes with certain marketing perks.
So is Kylie Jenner self-made?
Twitter is divided, but most think she isn’t.
Kylie Jenner is not self-made. She was a child on a reality show, her father is an Olympic gold medalist, her mother came from a family already famous off the controversy. She was raised in the limelight and in wealth. Quit overhyping mediocrity. pic.twitter.com/MJL9Q5KXX9
— Granddaddy Sandwich (@TySandwich) March 5, 2019
Kylie Jenner is not a “self made billionaire” her family was already worth millions and incredibly famous. All she did was leverage her fame, fortune, and family name. https://t.co/jTxoH0LqwE
— Robbedy (@robbedy) March 5, 2019
Kylie Jenner is a billionaire but everyone is mad at the headline or claiming she’s this or that. Guess what, she has a billion reasons why she doesn’t care about none of this nonsense. https://t.co/TD17z5FB7U
— 100T Nadeshot (@Nadeshot) March 6, 2019
— Raquel 🤙 (@quelllzz) March 5, 2019
ah yes self made billionaire kylie jenner, cant believe how far she’s came from that little council estate in the slums of carlisle https://t.co/UO3wDEH9YK
— Callum Markie (@callummarkie) March 5, 2019
.@KylieJenner was worth $5M in 2015. Fewer than 4 years later, she's become the world's first self-made billionaire.
Don't believe she's self-made? How about you try achieving a 19,900.00% return on investment in 4 years.
Congrats, girl. You earned it. https://t.co/VDzITayGm7
— Tiana Lowe (@TianaTheFirst) March 5, 2019
Kylie Jenner is proof that all you really need to succeed in life is inherit a few hundred million dollars and already have preexisting international fame from your parents and siblings, and then it’s possible to make something of yourself. Clearly an inspiration to us all.
— David Leavitt (@David_Leavitt) March 5, 2019
STOP CALLING KYLIE JENNER A “SELF-MADE” BILLIONAIRE pic.twitter.com/QvQsqfX6PD
— rose🌟 (@rosevenus__) March 5, 2019
Kylie Jenner started with a "small loan" of tens of millions of dollars and is now a billionaire, wow she really is self made.
— LJ (@leojmujica) March 5, 2019
What does Kylie say?
In an interview with Paper Magazine, Jenner defended her title, saying her parents cut her off at 15.
“My parents told me I needed to make my own money, it’s time to learn how to save and spend your own money, stuff like that,” she said.
“What I’m trying to say is I did have a platform, but none of my money is inherited.
“The self-made thing is true.”
She also used $250,000 of her money earned modelling to fund the first 15,000 Kylie Jenner Lip Kits.
And that’s how Forbes defines self-made
“Forbes defines “self-made” as someone who built a company or established a fortune on her own, rather than inheriting some or all of it. As long as the list member didn’t inherit a business or money, she is labeled self-made,” Forbes journalist Kerry A. Dolan said.
But, she added, Forbes recognises that the person who builds their wealth from a disadvantaged upbringing is very different to a person with an in-built platform and multi-millionaire parents.
Forbes has a scoring system ranking the richest Americans on how self-made they were out of 10.
Someone who inherited all their money will only score a one, while someone like Oprah Winfrey who built an empire after growing up in hardship will score a 10.
“Kylie Jenner, who comes from a wealthy family and who has leveraged her fame to her advantage, ranks a seven,” Dolan said.
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