The internet is raging over Kylie Jenner making Forbes list of wealthiest ‘self-made’ women.
“The exact opposite of ‘self made.’”
“This is what crushing it looks like.”
Those were just two of the many, many opinions posted to Twitter after Forbes put Kylie Jenner on the cover of its “America’s Women Billionaires” issue and said she was on her way to being “the youngest-ever self-made billionaire.”
Jenner, the youngest daughter of the “Keeping Up with the Kardashians” family, is said to be worth an estimated $900 million — more than twice as much as her sister, Kim Kardashian West.
“Welcome to the era of extreme fame leverage,” the Forbes cover reads.
Forbes said that $800 million of that fortune comes from an estimated valuation of her cosmetics company, Kylie Cosmetics, which she launched just three years ago. According to Forbes, she sold more than $630 million worth of makeup since the company’s launch, including an estimated $330 million in 2017. Jenner owns 100% of the cosmetics business, though the article notes that her mother, Kris, “handles the actual business stuff, in exchange for the 10% management cut she takes from all her children.”
Thanks to “minuscule overhead and marketing costs,” the article said, the company profits are “outsize and go right into Jenner’s pocket.”