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Forbes is the place to go for numbers – but maybe not for words
Many people dispute the magazine's self-made definition, after placing Kylie Jenner on her last cover.
The publication nicknamed the "Queen of Cosmetics", stating on the cover: "At 21, she will be the youngest self-taught billionaire. Welcome to the era of extreme fame.
According to the publication, Kylie – who is expected to turn 21 on August 10 – is currently worth about $ 900 million through her line of cosmetics.
Is she really "self-made"? Many people dispute Forbes' Kylie Jenner celebrity on his latest cover
Internet immediately lit up reaction, even though Dictionary.com seemed to be doing some shadow.
He tweeted on Wednesday the definition: "Self-made" Used in one sentence: Forbes says that Kylie Jenner is a self-taught woman, "he added by posting a link to the article's article. Forbes
. with someone who points out that "calling kylie jenner a" self-taught billionaire ", it's like pretending you made soup from scratch because you opened a box and warmed it up.
Nope: Internet immediately illuminated with the reaction, insist on his privileged education contradicted the definition
"For the love of God, I want to seriously break something when I see the pinnacle privilege described as "done by myself". For example, if you start the 40-yard run on the 39-yard line, you're not self-made, "a second posted.
& # 39; "Self-made"? Really? It's easy to become a billionaire when you're millionaire parents … that's what is called generational wealth + nepotism. Try Oprah Winfrey, who was raised on a small Mississippi farm by her grandmother, for homemade whispers. Kylie is not yet a billionaire, but a third tweeted
. means?
Zing: Even Dictionary.com paired to cast the shadow Shadow
Another claimed Caller Kylie Jenner self made is like saying "cardi b" spelled "kulture" on the right.
Self-made or not, once she crosses the $ 1 billion mark, she will dethrone Mark Zuckerberg of Facebook as the youngest self-taught billionaire.
62-year-old Kris Jenner's daughter lets her low-cut dresses rest for the cover, opting for chic business in a black blazer with her long locks.
In the story accompanying the cover, Forbes said that they estimate that Kylie Cosmetics has raked in $ 630million since its launch in 2015.
Even using a conservative multiple, and By applying our standard 20% discount, Forbes values its company, which has since added other cosmetic products such as eye shadow and concealer, to nearly $ 800 million. Jenner owns 100%
"Add to that the millions that she earns through TV programs and Puma products and PacSun clothes, and $ 60 million in after-tax dividends that she has taken from her company, $ 900 million, which with her age makes her the youngest person on the fourth annual ranking of America's wealthiest women, "reads in the news. ; article.
According to the article, Kylie employs only seven full-time employees and five part-time employees in her company, subcontracting production and sales.
Like all her children, Kris manages her daughter's finances and public relations for a 10% fee. Last year, it meant Kylie was paying $ 17 million to her mother.
Kylie talked about launching the case in a beauty video for Vogue in June.
Buy my stuff! Raven haired beauty is worth $ 900 million and soon it will break the $ 1 billion mark. Here she is seen in a post of Tuesday pushing her summer collection
Bright colors: Beauty has also laid in this racy orange outfit to push the new shades
Just the facts, madam: Kylie Cosmetics is a cosmetics company owned at Kylie and was formerly known as Lip Kits By Kylie. But the company was founded and renamed Kylie Cosmetics in 2016 after the release of the liquid lipstick and lip pencil game, the Kylie Lip Kit, in 2015
In the video she thought that she was going to start his own cosmetics business. some time.
She says her mother was cautious about the ordeal, saying that she would have to put money to finance the company.
"I had Kylie Lip Kit filed as two years before it was even launched and I had the impression of annoying my mother about it. I see it, like, I have to do it.
– She was like "Okay, put your own money, like stop talking about the Lip Kit." And I did not even order much and I thought, "Ok, if it does not work, you'll have a lot of Lip Kits in your garage," she recalls.
Kylie decided to take the risk, and he paid immediately.
Kylie recently welcomed a little girl named Stormi (mother and daughter left) with rapper Travis Scott (couple pictured on the right)
Last year, Kylie splashed on this $ 9.9 million home in Hidden Hills, California. Recent reports suggest that she was building another complex in the city
– I did not even attend my launch party. I like to refresh the page and in two seconds everything was gone and as if I just remembered me and all my glamorous people, my friends, we were like screams.
And then the Kylie Instagram was Kylie Lip Kit, and the day after, I changed it to Kylie Cosmetics and I thought to myself "It's like I have something, as I can do it, yeah, "says Kylie.
Finding a company that she could exploit was a great moment for the youngest Kardashian-Jenner.
Having watched his mother help start a modeling career for her sister Kendall, a sock business for her brother Rob and an online game For her sister Kim, Kylie feels adrift
Kylie, on the far right, is now the richest person in her family. Members of the Kardashian-Jenner clan, with the exception of Brother Rob, are pictured above in 2016. From left to right: Kris, Khloe, Kendall, Kourtney, Kim, Caitlyn and Kylie. "North West, Kim's eldest daughter
" I struggled for a minute to find something to do by myself, "she told Forbes
., Top
" Since I was in sixth grade, I was wearing a purple eye shadow, "said Kylie," I turned to make-up to help me feel more confident. "
She's perfected her makeup skills through YouTube videos, and when she felt embarrassed by her thin lips, she used a lip pencil to elevate her lips and make them look bigger.
She also had fillers, but first denied having plastic surgery, which caused some scandal by the time she started her company.
Earlier this week, she revealed that she had taken her
The $ 29 Kylie Lip Kits made their debut in November 2015 and were The Kylie Lip Kits have started a general trend in the industry for liquid matte lipsticks, with drug brands and department stores are quickly going on the market with similar products.
The timing of the article is perfect for Kylie as she launches her summer collection on Friday.
Jenner is also a new mother: she welcomed her daughter Stormi with rapper Travis Scott in February
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