Kylie Jenner faces backlash after Forbes names her youngest self-made billionaire of all time
Critics including a YouTube star and even Dictionary.com derided Forbes for calling the youngest member of the Kardashian clan ‘self-made’.
Jenner, who is 21, has amassed a personal net worth of $1billion through her wildly successful make-up range Kylie Cosmetics.
And on Tuesday Forbes tweeted that Jenner was the ‘youngest-ever self-made billionaire, reaching a 10-figure fortune at a younger age than even Mark Zuckerberg’.
But many took issue with that description, with YouTube star Tyler Oakley replying: ‘We’re not doing this and you’re not gonna either’.
‘Haven’t we gone over this? Self-made: Having succeeded in life unaided,’ added Dictionary.com.
‘It’s not self-made, it’s because her sister made a sex tape,’ quipped Piers Morgan, referencing Kim Kardashian’s notorious video with Ray J.
Lindi Ortega argued that saying Kylie is self-made was akin to saying ‘Prince William is self-made’.
‘Self-made to me implies came from nothing,’ she wrote. ‘She capitalized on pre-existing fame due to being part of a wealthy socialite famous family. That fame catapulted her success.’
Another critic argued that Jenner would not be a self-made billionaire if she had been ‘born into a normal family who had every day jobs just like me and you’.
‘Kylie Jenner could sell her used Kleenex and be a billionaire. She comes from a family of celebrities,’ one Twitter user wrote.
Another user argued that Kylie was ‘already extremely famous’ before she launched her cosmetics line in 2015.
‘No matter what she put out, people were going to buy it because she’s part of the Kardashian/Jenner clan,’ they added.
Dear Twitter, 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,’ another tweeted.
‘She was raised in the limelight and in wealth. Quit overhyping mediocrity.’
Some still showed their support for Jenner, with one fan arguing that ‘creating a billion dollar brand isn’t easy just because you have a platform’.
‘By your logic every celebrity should be a billionaire,’ they added.
Another supporter said that while they didn’t agree with the ‘self-made’ label, Kylie’s achievement should still be celebrated.
‘Sure having money helped, but it was more than that,’ they wrote. ‘If it was easy, all the sisters would’ve done it. At times we don’t like the family, but we can still give credit!’
Kylie defended the self-made label when Forbes first used it to describe her success in August.
‘I had such a huge platform, I had so many followers already, and I had so many people watching me,’ Jenner told Paper last month.
‘But my parents told me I needed to make my own money at age 15 – that it was time to learn how to save and spend my own money.’
‘What I’m trying to say is, I did have a platform but none of my money is inherited.’
Jenner is the youngest in her famous reality TV family and the first to hit the billion dollar landmark.
She was surprised by the success of her cosmetics company, which was only founded in 2015 but is now worth an estimated $900million.
Jenner, who owns a 100 percent stake in the company, has separate income from endorsements and her family’s reality TV show. She also owns an impressive portfolio of real estate.
‘I didn’t expect anything. I did not foresee the future. But [the recognition] feels really good,’ Jenner told Forbes.
‘That’s a nice pat on the back.’
Kylie credits her success to her enormous social media following, which ensured her a customer base before she even made her first product.
‘It’s the power of social media. I had such a strong reach before I was able to start anything,’ the reality TV star said, adding that she sees the company going ‘very far’.
‘I see [Kylie Cosmetics] going very far. I work really hard,’ she added.
But her mother Kris Jenner would not rule out that the youngest of the Kardashian family may sell the company in the future.
‘It’s always something that we’re willing to explore,’ she said.
Amazon mogul Jeff Bezos remains the richest man in the world with an estimated fortune of $131billion.
When his divorce to his wife MacKenzie is finalized, he will likely be knocked from the top spot.
Also on the list of young billionaires is Snapchat founder Evan Spiegel.
At 28, he has amassed a fortune of$2.1billion.
He, Jenner and John Collison, 28, are the only self-made billionaires on the young list this year.
Sisters Alexandra and Katharina Andresen, aged 22 and 23, are also on the list.
The Norweigan sisters are heiresses to their father’s holding company, Ferd S, and they each now have a personal fortune of $1.4billion.
Seven of the 10 richest people in the world are American. All are men.
The richest woman in the world is Francoise Bettencourt Meyers who, along with her family, has a fortune of $49.3billion. They own a 33 percent stake in L’Oreal.
Donald Trump is the first billionaire president of the United States. He is the 715th richest person in the world with a net worth of $3.1billion.
Tesla founder Elon Musk is the 40th wealthiest person in the world with a net worth of $22.3billion.