Kylie Jenner is one of the richest celebrities today, and there has been much discussion about her being called "home-made." Some people believe that their fortune is fully (or at least mostly) self-made while others laugh at the idea of calling it Kylie Jenner. So, what's the truth here? Is Kylie Jenner really homemade? Let's go through the facts to find the answer.
How does Kylie Jenner make her money?
Kylie Jenner became known as the youngest sister on the reality TV show Keeping Up With The Kardashian . She has been in the series since she was ten and is still the leading actress to this day. When Kylie was a teenager, she began separating from the series and earning money with her older sister Kendall. In 2016, Kylie founded her own company, Kylie Cosmetics, which sells various beauty products, with the most popular lip kits best known. Kylie Cosmetics products have been a great success from the beginning, and Forbes estimated the value of the company at around $ 800 million.
What is the net value of Kylie Jenner?
Kylie owns 100 percent of Kylie Cosmetics Benefit along with the money she earns from commercial contracts, and keep up with the Kardashians estimated her net worth at nearly $ 1 billion. In March 2019, Forbes announced that Kylie is well on the way to becoming the youngest homemade billionaire in the world.
Is Kylie Jenner homemade?
Yes and no. The answer is a bit complicated because the word "homemade" seems to have different meanings for different people.
According to Forbes (who had to clarify this because of the Kylie Jenner controversy), her definition of "homemade" is "someone who builds a business or builds a fortune on his own instead of inheriting some or all of it."
According to Forbes' definition, Kylie is homemade. This is because the reality TV star did not inherit its $ 1 billion. Instead, she created Kylie Cosmetics with the money she had earned by modeling, and the first 15,000 lip kits were all funded out of pocket.
But, of course, many people realize that Forbes's definition may be flawed and does not capture the whole story. Sure, Kylie started her successful business only with her own money, but a big force behind her success was her famous family. Without Kardashian-Jenner's popular TV show, Kylie would not have had the money to start such a big business or the brand name to promote their products.
By comparison, an average model in the US does not earn much more than $ 40,000 a year, and the fact that Kylie was able to fund the production of 15,000 lip kits from modeling alone means they're pretty much was paid a lot and as such already had a head start like no other.
By the way, a lot Many people see that the word "homemade" better fits Merriam-Webster's definition:
"Produced by their own actions or by their own efforts to achieve success or prominence. In the revised edition of Webster's Dictionary of 1864, this note appeared: A Homemade Man [or in this case woman, right?] is a person who has risen from poverty, ignorance or darkness to wealth, learning, fame or power by means of his own talents or energies and without the tools that normally produce a result. "
By that definition, Kylie would simply be a young billionaire, not home-made.
What are Kylie Jenner and she doing? Family at their & # 39; self-made & # 39; Think title?
Kylie actually admitted that she definitely had a lot of help getting to where she is today, and seemed to agree with others that she's not homemade: I'm not saying I did it myself. If they only talk about finance, technically, yes, I have no inherited money. But I had a lot of help and a huge platform.
Her mother, Kris Jenner, thinks otherwise. In a conversation with CBS Sunday Morning the mother made it clear that her daughter was working hard and that we should not drop her home-made title so easily. "I think she's homemade," Kris said. "I mean, my girls, you can say that certain things were handed over to them, but it takes a lot of work to do what they do … The money they earned is their own … It was amazing what she did and she showed the rest of us how to do it.