Kylie Jenner the youngest billionaire overtakes Mark Zuckerberg, but is she self-made?
It’s finally happened! Forbes Magazine has named Kylie Jenner the youngest self-made billionaire surpassing Mark Zuckerberg thanks to her very successful company, ‘Kylie Cosmetics’, she started a little over three years ago now.
Jenner, 21 has in her own rights made a name for herself outside of her famous family siblings, Kim, Khloe and Kourtney Kardashian, as well as Vogue model Kendall Jenner. She has created a makeup empire established around those famous lips of hers that brought us all the Kylie Lipkits.
With the title now of being the youngest billionaire and the youngest ever self-made billionaire (once held by Mark Zuckerberg) of course there is a question whether the reality tv star is actually “self-made”.
This argument was brought up last year when Forbes announced that Jenner was on track to become the youngest billionaire, with people quick to point out that she had a lot of help from her family and her social media presence.
When Kim K hears people calling Kylie ‘self-made’ pic.twitter.com/26ZDqB0iRl
— IZ. (@IzzyRarok) July 12, 2018
Self-made means having succeeded in life unaided.
— Dictionary.com (@Dictionarycom) July 11, 2018
Jenner is sick of people claiming she isn’t self-made saying that the “The self-made thing is true,” she told Paper magazine, adding that Kris Jenner and Caitlyn Jenner “cut her off at the age of 15” and haven’t financially supported her since.
“My parents told me I needed to make my own money, it’s time to learn how to save and spend your own money, stuff like that,” she explains, taking her time to think through the statement.
“What I’m trying to say is I did have a platform, but none of my money is inherited.”
Ok, so this is where people are riled up about what it means to be self-made, yes Kylie did already have an advantage in the life and money department backing her from a young age. This is all Kylie (and Kendall) know really, their life was always very public so why not capitalise on your platform. In Kylie’s case she was able to create a great product and promote and market it extremely well because ultimately it worked.
Jenner could have easily started her own company and not see the rewards because it wasn’t a great product, the right product, or it didn’t relate to her image, but she knew what people were talking about (her lips) so she used that to her advantage. Does that make her “self-made though? That is the question everyone is asking.
Let’s take it back some years back to when Microsoft emerged, people may forget that Bill Gates himself came from a wealthy family and was given checks and had strings pulled for him to get certain meetings. Gates is labelled “self-made” but can he be called that because of the life he was brought up in?
Who’s to say he wouldn’t have achieved this on his on whim without this start in life. Many people in the same position could have created something similar but people at the time dismissed PC’s and didn’t want to take the risk, Gates took that risk and was smart enough to know how to do it.
Jenner, has made an empire out of her lipkits, adding eyeshadows, concealers, powders, and more to here growing makeup line, whether she’s had help or not you can’t deny the success of her brand and how hard she works to keep it selling and on top. It’s one thing to start something with some help, but it’s another thing to take a small handout and turn that into a billion dollar idea, we don’t see Khloe’s Good American (clothing company) out here doing that, or Kourtney’s home design interest.
Personally as a start-up company ourselves we know the amount of hard work that goes into making something work, and we commend Jenner on her success and can’t wait to see where she takes her brand and makeup line next. We have a feeling that this is just the first billion of many for Kylie.
Adzurra is a fashion-tech startup based on the Gold Coast that primarily connects hundreds of users to local and international fashion boutiques through the Adzurra App. We allow shoppers to find fashion boutiques based on location and unique pieces that wouldn’t primarily find without the app.