Kylie Jenner is the world’s youngest self-made billionaire, again

Kylie Jenner attends the 2020 Vanity Fair Oscar Party hosted by Radhika Jones at Wallis Annenberg Center for the Performing Arts on February 09, 2020 in Beverly Hills, California. (Photo by Frazer Harrison/Getty Images)

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Kylie Jenner is once again the world’s youngest self-made billionaire.

The makeup mogul, 22, made Forbes’ 2020 World’s Youngest Billionaires list for the second year in a row, as her Kylie Cosmetics brand brought her net worth up to $1 billion.

Only two other entrants under 30 — Snap cofounder CEO Evan Spiegel and John Collison of payments startup Stripe, both 29 — are considered “self-made” billionaires according to the business mag.

Jenner told Forbes in 2018 that she invested $250,000 of her own money from modeling gigs in 2015 to pay an outside company to produce the first 15,000 lip kits that eventually launched into a full-fledged cosmetic line.

“I said, ‘I’m ready to put up my own money. I don’t want to do it with anyone else’,” Jenner said.

In 2019, the “Keeping Up with the Kardashians” star sold a 51% stake in Kylie Cosmetics to beauty giant Coty Inc. for $600 million.

More recently, the billionaire donated $1 million to help in the fight against coronavirus as it sweeps the globe. The money, which she donated to her OB-GYN, will help fund the cost of hundreds of thousands of masks, face shields, and other protective gear.

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