Kylie Jenner is NOT a 'self-made' billionaire - here's why
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On 5th of March, Forbes magazine officially crowned Kylie Jenner ‘The Youngest Self-Made Billionaire Ever’. This comes following Jenner’s signing of a deal with the beauty retailer Ulta, leading to the distribution of Jenner’s $29 lip kits, part of her range of Kylie Cosmetics, in Ulta stores all round America. Following the implementation of Jenner’s cosmetics in Ulta stores, within six weeks the company had sold $54.5 million worth of products. Partly because of this partnership, Kylie Cosmetics’ revenue has grown by 9% within the last year and is now estimated at $360 million, thus leading to Jenner’s newly appointed billionaire status.
While it is a non-disputed fact that Kylie Jenner is the youngest billionaire in the world, achieving the title at just 21 years of age, her ‘self-made’ status has come under intense criticism since the announcement. The dictionary definition of ‘self-made’ denotes such a person as ‘having achieved success or prominence by one’s own efforts’. While Jenner has built her cosmetics line singlehandedly, reportedly owning 100% of the company and achieving prominence through her television and social media presence, it is reasonable to suggest that Jenner’s billionaire status is not ‘self-made’.
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