This just in:
Kylie Jenner is crazy rich.
What? You already knew that?
Okay, try this on for size in that case:
Kylie Jenner is HISTORICALLY rich.
The latest issue of Forbes states that Jenner has surpassed Facebook co-founder and CEO Mark Zuckerberg as the youngest self-made billionaire in history; he was 23 when he reached the billion dollar-mark as a result of creating this Presidential-election-swinging social media platform.
Is Jenner really self-made, however?
This is the debate that has now broken out across the Internet.
Ready to join in?!? Scroll down for more!
Forbes made it official in March of 2019: Kylie Jenner is the youngest self-made billionaire EVER.
Wait, Didn't Kylie Already Earn This Honor?
Not officially, no. In July 2018, Jenner covered this same magazine, which teased that the $800 millionaire was "set" to earn this distinction.
Where Does She Rank Worldwide?
Jenner sits at number 2,057 on the list of 2,153 billionaires around the globe. She is the youngest person on this list.
“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."
How Did This Happen?
Forbes credits an exclusive distribution deal with Ulta for Kylie Cosmetics, whose revenue climbed 9% last year to an estimated $360 million.
Writes the Magazine:
With that kind of growth, and even using a conservative multiple from the booming makeup industry, Forbes estimates Jenner’s company is worth at least $900 million. She owns all of it. Add in the cash Jenner has already pulled from the profitable business, and the 21-year-old is now a billionaire, with an estimated fortune of $1 billion.