Note: This post has been moved from Latest Picks.
And on the day Forbes unveiled its annual billionaires list that also saw it reported Fidiotbook’s bottom lip pouting Zuck lose $9billion as Facebook’s value plummets (thetimes.co.uk):
Kylie Jenner, 21, overtakes Mark Zuckerberg to become the youngest self-made billionaire of all time (dailymail.co.uk).
Kylie Jenner is officially the youngest self-made billionaire of all time, snatching the title from Facebook founder Mark Zuckerberg.
Jenner, 21, was finally given the title after months of speculation on Tuesday by Forbes as it unveiled its annual billionaires list.
Her wildly successful Kylie Cosmetics range of which she owns a 100 percent stake founded in 2015 sold and marketed online with only roving pop-up shops making her the youngest self-made billionaire, beating Zuck by two years and the eighth richest person in the world with a fortune of $62.3billion and making her the ultimate financial success story of the Insta-girls in the Insta-era:
She credits her success to her enormous social media following which ensured her customer base before she made her first product.
‘It’s the power of social media. I had such a strong reach before I was able to start anything,’ she said, adding that she sees the company going ‘very far’.
Although some of the Mail’s aging demographic are seemingly not quite Insta-ready in the comments section:
Indeed, those being the knock-off rather than the real thing to put on pouting lips. And of course, with the usual Kardie-Jenner vitriol to follow:
Now, of course, some take issue with degree of how much she is “self-made” with regards the marketing power of the family brand but, not bad for the one who didn’t seem to have a particular thing to tout unlike her modelling slightly older sis Kendall when the Jenner girls came of age.
Updated 22nd March 2019
Saying her success is more a case of knowing her platform than having created one like former youngest self-made billionaire Zuckerberg:
“There’s really no other word to use other than self-made because that is the truth,” she said. “That is the category that I fall under.”
“I am a special case because before I started Kylie Cosmetics, I had a huge platform and lots of fans,”
“I did not get money from my parents past the age of 15. I used 100 percent of my own money to start the company, not a dime in my bank account is inherited… and I am very proud of that.”
It being much publicised that momager Kris had indeed cut her off financially at the age of 14 to encourage her to bankroll her own lifestyle (news.com.au, Jun. 2015). It’s undeniable that the family branding did assist her “special case” but then so did Zuckerberg’s parents resources providing private tuition and then networking via attendance at Harvard University where he launched Facebook (quora.com).
But as with her looks and body modifications, opinion on forums and plonker-pulling chat sites regarding her merit will inevitably remain presupposition regardless of anything she or any one else says.
- Kylie Jenner dethroned as most-liked snap Insta-queen by an egg (Blog 14th January 2019)
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