Kylie Jenner is officially the world's youngest 'self-made' billionaire

Tristan Thompson Khloe Kardashian Jordyn Woods

The 21-year-old has been best friends with Kardashian's sister Kylie Jenner since the two young women were middle school and has often been treated and marketed as an extended member of the family.

Kylie Jenner toppled Mark Zuckerberg who previously held the title for the youngest billionaire after crossing the milestone in 2008 when Facebook became a household brand.

Jenner, 21, the half-sister of reality television stars Kim, Khloe and Kourtney Kardashian, made it onto the annual Forbes list of billionaires after debuting her Kylie Cosmetics online in 2015 with $29 lip kits containing matching lipstick and lip liner.

"I didn't expect anything", Kylie told Forbes upon hearing the news, "I did not foresee the future".

John Collison, the co-founder of Stripe, is 28 years old and has a net worth of $2.1 billion. But then in 2018, Jenner signed a distribution deal with beauty retailer Ulta, with her products hitting the shelves over the holiday season.

It's also estimated her business racked in about US$360m in sales just past year.

Flashback: Forbes announced a year ago that Jenner would likely take over the title.

Microsoft co-founder Bill Gates remained in the number two position with an estimated fortune of $136 billion, up from $127 billion a year ago.

She added: "It's the power of social media".

She credits her fortune in part to her enormous social media following which ensured her customer base before she made her first product.

Though many have been left wondering if the term "self-made" could apply to someone from a wealthy family like the Kardashians, Jenner set the record straight, revealing that her parents, Kris and Caitlyn Jenner, "cut her off at the age of 15". Someone who inherited everything they have gets a 1, whereas someone who didn't grow up with money and experienced hardships gets a 10, Forbes says.

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