Forbes names Kylie Jenner world's youngest billionaire

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Kylie Jenner has been named the youngest self-made billionaire of all time by Forbes magazine, thanks to the booming cosmetics company she founded three years ago.

Reportedly, Mark Zuckerberg became a young billionaire at the age of 23 years before Kylie broke his record.

Through her celebrity status, huge social media following and the privilege that comes with the Kardashian-Jenner last name, the 21-year-old launched her million-dollar makeup brand Kylie Cosmetics in 2015.

"I popped up at a few stores, I did my usual social media-I did what I usually do, and it just worked", Jenner tells the publication. But [the recognition] feels really good. "That's a nice pat on the back". But social media and several readers of the list were anxious that only part of her journey was "self made" and that she had so much success because she had a wealthy family, according to USA Today.

Her success can mainly be credited to her sensational make-up line Kylie cosmetics which has enjoyed unbelievable success.

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According to the outlet, she tied for fifth place with Jay-Z, who is also estimated to have a $900 million net worth. First, it was the explosive cheating scandal that involved Khloe Kardashian, Tristan Thompson and Jordyn Woods followed by Kylie Jenner accusing Travis Scott on cheating on her.

Her mother Kris would not rule out that she may sell the company in the future.

Kylie, 21, is a blonde bombshell in a red zip-up front one-piece while Kendall looks fabulous in a green two-piece in images shared to the official Ardene Instagram page this week.

"My parents told me I needed to make my own money, it's time to learn how to save and spend your own money, stuff like that", she said.

Forbes said she was both the world's youngest billionaire and also the youngest self-made billionaire ever.

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