Forbes names Kylie Jenner as the youngest 'self-made' billionaire in history, but is she?

By Chris Dane, Haley GillmanBusiness LeadersFOXBusiness

Kylie Jenner named the youngest ‘self-made’ billionaire by Forbes

Luisa Kroll, Forbes assistant managing editor of wealth, on the backlash Forbes is facing for calling Kylie Jenner a “self-made” billionaire.

Self-made. A single superlative has caused quite a stir on social media after Forbes published its annual list of billionaires on Tuesday and officially named Kylie Jenner as the youngest "self-made" billionaire in the world, surpassing Facebook CEO Mark Zuckerberg.

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But people have taken issue with Jenner being labelled as "self-made" claiming that Forbes ignored the fact that the 21-year-old billionaire had a major advantage due to her family name and connections.

"There are so many people on this list that got a helping hand in some way or another, whether it's going to an ivy league school or some money," Luisa Kroll, Forbes assistant managing editor of wealth, said on "Bulls & Bears" Tuesday. "In our world she's self-made. She didn't inherit the business, she didn't get money, and she created it all herself."

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According to Forbes, the reality star-turned-makeup mogul started Kylie Cosmetics in 2015 with $250,000 she earned as a model. Her company is set to be worth an estimated $900 million.

Some have also taken issue with the calculations saying that labeling Jenner as a "billionaire" is generous in the estimation of her worth.

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