Kylie Jenner declared youngest self-made billionaire again by Forbes for second year in a row

Kylie Jenner drew controversy last year when Forbes declared her the youngest self-made billionaire ever.

For the second year in a row, the 22-year-old has held onto her title thanks to the success of her beauty empire Kylie Cosmetics.

Some disputed Jenner’s ‘self-made’ title as she grew up with both wealth and fame as a member of the Kardashian-Jenner clan.

Forbes clarified in its announcement that ‘despite a lot of help from her famous family, she didn’t inherit her business - she built it.’

Kylie Jenner has a net worth of $1 billion according to Forbes.

Last year marked a number of landmark developments in Jenner’s business portfoilio, as she launched her companion skincare brand Kylie Skin and additionally sold 51% of Kylie Cosmetics to Coty Inc. for $600 million. According to Forbes, the sale valued her company at $1.2 billion.

Jenner’s Kylie Lip Kits first propelled her into fame in 2014, when the beauty entrepreneur launched her business and the matte liquid lipstick kits sold out in minutes.

She took the crown as youngest self-made billionaire from Mark Zuckerberg (who was 23 years old at the time).

Her company also made a number of savvy partnerships with brands such as beauty retailer Ulta, which saw her make $55 million in just 6 weeks, and lucrative collaborations with the likes of Balmain as well as her sister Kim Kardashian.

Jenner is also clearly proud of her billionaire status, as she dropped a limited edition ‘Birthday’ make-up collection to celebrate her 22nd birthday.

With dollar signs pressed into eyeshadow palettes and campaign imagery which saw her model outfits inspired by American money notes, the collection was branded “tone deaf” by some users.

Jenner’s brand Kylie Cosmetics is not available in the UK.