A Women Beats Mark Zuckerberg's Status As The World Youngest Self-Made Billionaire

Bad news for Facebook CEO Mark Zuckerberg, he is no longer the world youngest self-made billionaire anymore, a young woman replaced him in this position.

On Tuesday, in its annual list of the richest people in the world, Forbes listed Kylie Jenner – a cosmetic mogul – as the youngest self-made billionaire ever. When Zuckerberg earned the ranking, he was 23, but Jenner is only 21 years old.

Kylie Jenner on Forbes cover

Forbes has also seen the entrance of new names on the list, including Spotify co-founders Martin Lorentzon worth of $3.1 billion and Daniel Ek worth of $2.3 billion. 28-year-old Snapchat co-founder Evan Spiegel appeared on the list as one of the world largest billionaire under the age of 30, whose net worth is $2 billion.

According to Forbes, Jenner’s net worth is $1 billion, partly due to her cosmetic company – Kylie Cosmetics – which signed an exclusive contract with Ultra Beauty in 2018. As per Forbes’ estimation, the company is worth about $900 million, and 100 percent of it belongs to the 21-year-old businesswoman. The money Jenner has made from her cosmetic business has helped turn her into a billionaire.

Mark Zuckerberg became the world richest self-made billionaire at the age of 23

Kylie Jenner has also become the youngest self-made billionaire across the globe, the status was announced by Bloomberg on Tuesday, according to its daily ranking of the world richest people.

However, some people criticize the use of “self-made” term to call Jenner considering that she comes from a rich family. For example, Dictionary.com went on Twitter to give the definition of “self-made” in regards to the news.

Forbes, on the other hand, has another way of defining the term, which is explained as: