Kylie Jenner is the 'youngest self-made billionaire' and the wealthiest of her family. Here's how she makes and spends her fortune.
Watch the video above to find out how she acquired her fortune and what she likes to splurge on.Kylie Jenner was recently named the youngest self-made billionaire ever by Forbes magazine much to the chagrin of many critics, including Dictionary.com. At just 21, Jenner is worth $1 billion, and her cosmetics company, Kylie Cosmetics, is valued at $900 million. Much of the controversy surrounding Kylie's new title comes from the fact that she was born into wealth and fame.
A 2015 collaboration with Topshop and her sister Kendall also expanded into the Kylie and Kendall collection, a line at Neiman Marcus, and a collaboration with PacSun. As a result of all those contracts bringing in cash, Kylie was able to launch her business without outside funding, something most entrepreneurs aren't in a position to do.
Her huge social media following also brings in a hefty income for Kylie through sponsored posts. The estimated value of a single post is $1 million. She's posted ads for Quay Sunglasses, Teami Blends detox tea, SugarBearHair Vitamins, and more. Kylie's faced criticism for spending a lot of money on her daughter, Stormi. From purchasing an $820 Gucci baby carrier to a $12,500 Fendi baby stroller, Kylie seems keen on introducing Stormi to luxury right away. But considering Jenner gave birth at Cedars-Sinai Medical Center in Los Angeles where private birthing suites range from $3,600 to $5,100 a night, is that really a surprise?
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