Kylie Jenner named world’s youngest self-made billionaire at 21

Kylie Jenner has become the world's youngest self-made billionaire at 21, according to Forbes magazine.

The cosmetics entrepreneur and reality TV star has surpassed Facebook founder Mark Zuckerberg, who was 23 when he reached a 10-figure fortune, the publication said.

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LOS ANGELES, CA, USA - FEBRUARY 10: Television Personality Kylie Jenner wearing Balmain Couture dress and Jimmy Choo shoes arrives at the 61st Annual GRAMMY Awards held at Staples Center on February 10, 2019 in Los Angeles, California, United States. (Photo by Xavier Collin/Image Press Agency/Sipa USA)
61st Grammy Awards - Arrivals - Los Angeles, California, U.S., February 10, 2019 - Travis Scott and Kylie Jenner. REUTERS/Lucy Nicholson
2018 MTV Video Music Awards - Arrivals - Radio City Music Hall, New York, U.S., August 20, 2018. - Kylie Jenner. REUTERS/Andrew Kelly
Personality Kylie Jenner arrives for the premiere of the film "After Earth" in New York May 29, 2013. REUTERS/Carlo Allegri (UNITED STATES - Tags: ENTERTAINMENT)
TV personalities Kendall Jenner (L), Kris Jenner and Kylie Jenner (R) arrive before the The Heart Truth's Red Dress Collection fashion show in New York, February 6, 2013. REUTERS/Carlo Allegri (UNITED STATES - Tags: ENTERTAINMENT PROFILE)
TV personalities Kendall Jenner (L) and Kylie Jenner (R) arrive before the The Heart Truth's Red Dress Collection fashion show in New York, February 6, 2013. REUTERS/Carlo Allegri (UNITED STATES - Tags: ENTERTAINMENT PROFILE)
Reality television personality Kylie Jenner poses for photographers after the presentation of pop singer Avril Lavigne's Abbey Dawn Spring/Summer 2013 collection during New York Fashion Week September 10, 2012. REUTERS/Keith Bedford (UNITED STATES - Tags: FASHION ENTERTAINMENT)
Television personalities and sisters Kendall Jenner (L) and Kylie Jenner arrive for the 19th annual Race to Erase MS Gala in Los Angeles May 18, 2012. REUTERS/Phil McCarten (UNITED STATES - Tags: ENTERTAINMENT)
Kim Kardashian (L) and Kylie Jenner arrive at the 2013 MTV Movie Awards in Culver City, California April 14, 2013. REUTERS/Danny Moloshok (UNITED STATES Tags: Entertainment) (MTV-ARRIVALS)
Kylie Jenner is seen leaving the Nice Guy Club in LA. 7 September 2018.Vantage News/IPx
Kylie Jenner is seen leaving the Nice Guy Club in LA. 7 September 2018.Vantage News/IPx
Kylie Jenner arrives at the MTV Video Music Awards at Radio City Music Hall on Monday, Aug. 20, 2018, in New York. (Photo by Charles Sykes/Invision/AP)
Photo by: KGC-146/STAR MAX/IPx 2018 11/29/18 Kylie Jenner is seen in New York City.
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Jenner, the half-sister of Kim Kardashian West, said the recognition is a "nice pat on the back".

She rose to fame in her family's reality TV series Keeping Up With The Kardashians, in which she appeared from the age of 10, but in recent years has become a force in the beauty industry with her Kylie Cosmetics company.

Jenner launched the company in 2015 under the name Kylie Lip Kits, in reference to her popular lip products, before changing its name to Kylie Cosmetics the following year.

Forbes has estimated the business, which is 100% owned by Jenner, turned over 360 million US dollars (£274,118,400) over the past year from a majority of e-commerce revenue.

Its success is also down to a new deal with American beauty chain Ulta, which sells Jenner's products throughout its 1,163 stores.

Jenner has also been credited for her social media outreach.

She has nearly 27 million followers on Twitter and 128 million on Instagram, helping her to promote her products to her key consumer base – her own fans.

SETTING POWDERS by @kyliecosmetics launching March 7th💗

A post shared by Kylie (@kyliejenner) on

Jenner told the magazine: "It's the power of social media. I had such a strong reach before I was able to start anything."

Of her success, she added: "I didn't expect anything. I did not foresee the future.

"But (the recognition) feels really good. That's a nice pat on the back."

Jenner, whose net worth is estimated at one billion US dollars (£761 million), has appeared on Forbes' billionaires list for the first time, ranked at number 2,057 overall.

The publication's list of billionaires is topped by Amazon founder Jeff Bezos, whose net worth is 131 billion US dollars (£99.7 billion), with Microsoft's Bill Gates in second place with 96.5 billion US dollars (£73.5 billion).

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