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Kylie Jenner to be 'youngest self-made US billionaire'
#1
This is a sad commentary on the state of the world............




Kylie Jenner to be 'youngest self-made US billionaire'

https://www.bbc.com/news/world-us-canada-44802123

Keeping Up with the Kardashians star Kylie Jenner is worth $900m (£680m) at just 20 years of age, says Forbes.

The business magazine said the social media star is on track to become "the youngest-ever self-made billionaire".

The fashion guru, the youngest of the Kardashian clan, started selling her own cosmetics three years ago.

Her most famous sibling, Kim Kardashian West, 37, has a notably lower net worth of $350m.

Ms Jenner, who is still currently not old enough even to legally drink alcohol in the US, will turn 21 in August as her Forbes cover edition hits newsstands.

"What her half-sister Kim Kardashian West did for booty, Jenner has done for full lips," Forbes writes, describing her famous pout.

Earlier this week Ms Jenner, a mother of one daughter named Stormi, announced she would stop receiving lip injections, known as dermal fillers.

She admitted during an episode of Keeping Up With The Kardashians in 2015 that her natural lips had been "an insecurity" that she wanted to change with temporary lip fillers.

She later launched her brand Kylie Cosmetics, which included a line of lip products designed to help customers make their lips look bigger through over-lining and filling.

Unlike those of traditional cosmetic brands, her products are almost exclusively sold online.

Her cosmetics have proven exceptionally popular with fans, selling out almost instantly at every website re-stock and leading to server crashes.

Ms Jenner's company, which she wholly owns, is worth $800m, according to Forbes.

She is number 27 on Forbes' list of richest self-made women in America, leap-frogging Barbra Streisand ($400m), Beyonce Knowles ($335m) and Taylor Swift ($320m).

Ms Jenner is on track to become a billionaire earlier than Mark Zuckerberg, the founder of Facebook, who achieved that status at age 23.

Evan Spiegel, the owner of Snapchat, also became a billionaire in his early 20s, but it is unclear exactly when he met that goal.

"wow. i can't believe I'm posting my very own @forbes cover," she wrote to her 110m Instagram followers on Wednesday.

"thank you for this article and the recognition. I'm so blessed to do what i love everyday. i couldn't have dreamt this up!"

Dictionary.com tweeted a definition, seemingly directed at the Forbes piece, that "self-made means having succeeded in life unaided".

Ms Jenner first rose to fame at the age of 10 when she appeared with her family on their eponymous reality show.

On social media, some users scoffed at Forbes' use of the term "self-made", pointing out that Ms Jenner's parents were already wealthy and famous.
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#2
I was reading that also and wondered how one is self made when you have all the money and resources handed to you to get started?

Good on her for getting and keeping things going but "self-made" seems to be a bit of bullshit.
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#3
(2018-07-12, 12:46 PM)zapzac Wrote: This is a sad commentary on the state of the world............




Kylie Jenner to be 'youngest self-made US billionaire'

https://www.bbc.com/news/world-us-canada-44802123

Keeping Up with the Kardashians star Kylie Jenner is worth $900m (£680m) at just 20 years of age, says Forbes.

The business magazine said the social media star is on track to become "the youngest-ever self-made billionaire".

The fashion guru, the youngest of the Kardashian clan, started selling her own cosmetics three years ago.

Her most famous sibling, Kim Kardashian West, 37, has a notably lower net worth of $350m.

Ms Jenner, who is still currently not old enough even to legally drink alcohol in the US, will turn 21 in August as her Forbes cover edition hits newsstands.

"What her half-sister Kim Kardashian West did for booty, Jenner has done for full lips," Forbes writes, describing her famous pout.

Earlier this week Ms Jenner, a mother of one daughter named Stormi, announced she would stop receiving lip injections, known as dermal fillers.

She admitted during an episode of Keeping Up With The Kardashians in 2015 that her natural lips had been "an insecurity" that she wanted to change with temporary lip fillers.

She later launched her brand Kylie Cosmetics, which included a line of lip products designed to help customers make their lips look bigger through over-lining and filling.

Unlike those of traditional cosmetic brands, her products are almost exclusively sold online.

Her cosmetics have proven exceptionally popular with fans, selling out almost instantly at every website re-stock and leading to server crashes.

Ms Jenner's company, which she wholly owns, is worth $800m, according to Forbes.

She is number 27 on Forbes' list of richest self-made women in America, leap-frogging Barbra Streisand ($400m), Beyonce Knowles ($335m) and Taylor Swift ($320m).

Ms Jenner is on track to become a billionaire earlier than Mark Zuckerberg, the founder of Facebook, who achieved that status at age 23.

Evan Spiegel, the owner of Snapchat, also became a billionaire in his early 20s, but it is unclear exactly when he met that goal.

"wow. i can't believe I'm posting my very own @forbes cover," she wrote to her 110m Instagram followers on Wednesday.

"thank you for this article and the recognition. I'm so blessed to do what i love everyday. i couldn't have dreamt this up!"

Dictionary.com tweeted a definition, seemingly directed at the Forbes piece, that "self-made means having succeeded in life unaided".

Ms Jenner first rose to fame at the age of 10 when she appeared with her family on their eponymous reality show.

[i]On social media, some users scoffed at Forbes' use of the term "self-made", pointing out that Ms Jenner's parents were already wealthy and famous.[/i]

Of course they did!  Why not just be happy for her instead of showing their  ugly jealousy?   Don't hate on her,strive to be like her. 

Good for her, whether she got a head start or not this is an amazing accomplishment
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#4
(2018-07-12, 12:49 PM)Bong13 Wrote: I was reading that also and wondered how one is self made when you have all the money and resources handed to you to get started?

Good on her for getting and keeping things going but "self-made" seems to be a bit of bullshit.


Agreed.

Arnold Schwarzenegger has a great take on the concept of "self made".

https://www.youtube.com/watch?v=s4_11ApT26k
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#5
She took the ball and ran with it. Of course she had a huge head start and has all the privileges in the world, but she still deserves credit for her success. Obviously she’s not “self made” as that implies she didn’t really have any help or significant advantages along the way, but it’s still a big success story.
 'The man in black fled across the desert, and the gunslinger followed.'
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#6
"Of course they did! Why not just be happy for her instead of showing their ugly jealousy? Don't hate on her,strive to be like her.

Good for her, whether she got a head start or not this is an amazing accomplishment"

If you got a head start, you aren't self made. That's the only issue with the statement that people are annoyed with. It is amazing that she's about to be the youngest billionaire, good for her. But, let's not pretend she didn't get there with a TON of help from family money, family fame, and ability to hire business experts to consult with, legal fees.
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#7
I also agree with the erroneous description of "self-made", much like Donald Trump was "self-made". It is really an immense amount of BS.

Now why strive to be like Kylie Jenner? The one reason I see is that she is immensely wealthy and financially independent, and perhaps that is something someone might say is worth striving for, but in what way can someone follow the path she took to get there? Was it the power of hard work and determination that was faced against the numerous failures and hardships she had to endure to finally make it? Was it the ability to profit off her family's name and absurd cultural legacy and the advantageous positioning of social media and ability to use immense amounts of wealth not only to make huge changes in her physical appearance but give the impression that this was some sort of personal journey worth following?

I will admit that my knowledge on the topic of Kylie Jenner and her journey is very minimal, but from my basic understanding I do not see her as some magnificent role model that young girls should be looking up to. I have asked some friends of mine who have dared to try the Jenner makeup line and none found it to be anything special, and certainly nothing superior to many of the brands they have tried or are currently using. Which makes me believe that Kylie Jenner could package horse manure under her brand and call it makeup and she would still reach the financial success she is now seeing.
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#8
(2018-07-12, 12:53 PM)CTS Wrote: Of course they did!  Why not just be happy for her instead of showing their  ugly jealousy?   Don't hate on her,strive to be like her. 

Good for her, whether she got a head start or not this is an amazing accomplishment

Says our own resident "self-made" millionaire. 

I have no issues with any trust fund baby (whether they succeed like her or fail like CTS) or the wealth and opportunity given to them. Good for her for continuing her brand and making more money. But don't cheapen the term. There's  people out their who actually had to work to acquire their wealth. Who did it with little or no help. That's who the term should be reserved for.
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#9
Its also a sad fact that none of the Kardasians has done much of anything except become celebrity's from a stupid reality show.

THEN that ridiculous celebrity allowed a young hottie with botox lips to promote her "own" lip products.

AND millions of celebrity addicted fools have been lapping it up.


Would a Kylie Smith from Podunk, New Jersey have been as successful with the exact same product if she looked exactly like Kylie Jenner?
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#10
(2018-07-12, 02:35 PM)zapzac Wrote: Its also a sad fact that none of the Kardasians has done much of anything except become celebrity's from a stupid reality show.

Actually I think it started with Kim making a sex tape
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#11
(2018-07-12, 02:37 PM)WTTM Wrote:
(2018-07-12, 02:35 PM)zapzac Wrote: Its also a sad fact that none of the Kardasians has done much of anything except become celebrity's from a stupid reality show.

Actually I think it started with Kim making a sex tape

Nope, it all started when dad was OJ's attorney. He was lawyer to the celebs for a long time, and lived in and among them. The girls came to the forefront with the sex tape, but they were already pseudo-celebs at that point.
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#12
Kim had NOT inherited money to use to "launch" her TV career. It started with the porn tape she made with the rapper Jay-Ray. That tape went viral. It was shows like TMZ and the tabloids that began to follow her. That's when Kim got her show.

The show got pretty good ratings and other members of the Kardashian family were paid to appear in the show. Bruce Jenner was among those members of the family. The fact that this female, started the business at age 17, is now worth almost over $ 3/4 of a billion which she started using her own money that she earned on the show. She made some great decisions with her money and has used social media to grow her company.

Kylie did piggyback on the fame of her sister Kim that made that porn video that got everything started. When the porn tape went viral was 2007. Kylie would have been 9 then.
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#13
The fact she's accumulated this amount of wealth in such a short time frame is astounding!

Owns 100% of the company too
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#14
Jenner should get some credit for building on her trust fund.

A lot of trust fund babies fritter away their parents money, on failed businesses like steaks sales, travel search engines, airlines, vodka, mortgage brokerages, board games, magazines, unaccredited pseudo-universities, bottled water, alternate football leagues, bike racing circuits, floating restaurants, TV networks, vitamin pyramid schemes, radio shows, alternative high-speed internet services, Atlantic City casinos, Indian casinos, Mexican resorts, Florida real estate development ponzi schemes....

Rich people who inherit their parents money often prove very poor business people - one famously losing between 70% to 92% of his father's ten billion dollars.

Jenner at least has proven able to grow her wealth. Sure, she was born on third base, but at least she is running towards home plate, rather than the other way around.
"Hope is not a strategy"
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#15
(2018-07-12, 05:49 PM)HockeyHippy Wrote: Jenner should get some credit for building on her trust fund.

A lot of trust fund babies fritter away their parents money, on failed businesses like steaks sales, travel search engines, airlines, vodka, mortgage brokerages, board games, magazines, unaccredited pseudo-universities, bottled water, alternate football leagues, bike racing circuits, floating restaurants, TV networks, vitamin pyramid schemes, radio shows, alternative high-speed internet services, Atlantic City casinos, Indian casinos, Mexican resorts, Florida real estate development ponzi schemes....

Rich people who inherit their parents money often prove very poor business people - one famously losing between 70% to 92% of his father's ten billion dollars.

Jenner at least has proven able to grow her wealth. Sure, she was born on third base, but at least she is running towards home plate, rather than the other way around.

Ahahahah
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#16
It also has to be reassuring to know that if you fail you still will be ***** loaded.
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#17
(2018-07-12, 05:49 PM)HockeyHippy Wrote: Jenner should get some credit for building on her trust fund.

A lot of trust fund babies fritter away their parents money, on failed businesses like steaks sales, travel search engines, airlines, vodka, mortgage brokerages, board games, magazines, unaccredited pseudo-universities, bottled water, alternate football leagues, bike racing circuits, floating restaurants, TV networks, vitamin pyramid schemes, radio shows, alternative high-speed internet services, Atlantic City casinos, Indian casinos, Mexican resorts, Florida real estate development ponzi schemes....

Rich people who inherit their parents money often prove very poor business people - one famously losing between 70% to 92% of his father's ten billion dollars.

Jenner at least has proven able to grow her wealth. Sure, she was born on third base, but at least she is running towards home plate, rather than the other way around.

I had no idea her net worth was near $1 billion, which is impressive.

However, I'd say her older sisters deserve a huge amount of credit for building the Kardashian brand, which she's a part of. Kim Kardashian, sextape aside, is actually a fairly good business woman.

Jenner not only started with wealth, but had a massive built in audience, brand and following at a very, very young age.
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#18
baboon lips could be the product. keep filling those lips and eventually you'll look like it.

why do people feel like they have to constantly change their looks? grow some self esteem!
Warning:  Brain May not be Engaged.
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#19
You guys do realise that her family didn't just hand her 10's of millions of dollars right?   I mean it's not like Kylie started out with $100 million just because she has a famous big ass sister.

No one hands their kids that kind of money.  Especially at 19 - 20 years old.   She still built this empire regardless of being on a TV show or not.   Some people on social media are making it like she inherited $800 million & just slightly added to it
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#20
She inherited a Brand that was easy to market to the public
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