Forbes names Kylie Jenner youngest self-made billionaire

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Kylie Jenner ranks a 7, which means she qualifies as someone "who got a head start from wealthy parents and moneyed background", Forbes reported.

Kylie Jenner has become the world's youngest self-made billionaire at 21, according to Forbes magazine. Amazon founder Jeff Bezos, who independently owns The Washington Post, and Microsoft co-founder Bill Gates still hold the top two spots.

Zuckerberg fell to No. 8, from No. 5 a year ago - the result of endless controversy at his social network, which shrank the founder's wealth by $8.7 billion.

The Kylie Cosmetics owner has been successful in snatching away the title of "world's youngest self-made billionaire" from Facebook head honcho, Mark Zuckerberg. Her family, after all, is rich and famous.

Due to her freshness on the list, Kylie doesn't have a "self made" number, but our guess is somewhere between one and Rupert Murdoch level.

"It's the power of social media".

As for Kylie Cosmetics partnering up with beauty retailer Ulta and reportedly selling $54.5 million worth of products in just six weeks, Jenner is matter-of-fact about its success. She added that the recognition "feels really good". Forbes estimated that the cosmetics company, which is 100%-owned by Jenner, made $360m (£274m) in sales past year. A post on crypto coins news further argued that such support contradicts the notion of "self-made" in Jenner's case, which indirectly questions Forbes' process for selecting candidates.

Kylie Jenner might be unlucky in friendship, but she sure is lucky in business. Not every rich kid could've done what she did.

Mother Kris Jenner is a powerful entertainment manager and businesswomen with a net worth Money magazine puts at $60 million. She paid for 15,000 lip kits and teased them on social media, eventually putting them up for sale online for $29 in November of that year.