According to Forbes, Kylie Jenner got bank – $900 million dollars to be exact – but since the cosmetics CEO got a head start by being born into a millionaire family, does that mean she qualifies as a “self-made” almost billionaire?
That’s the hot topic that took the internet by storm on Wednesday, reports the Daily Mail.
After Forbes posted the cover of their latest magazine with the Kylie Cosmetics CEO on it, praising her as “self-made”, many took issue with the term—including Dictionary.com which shot off a tweet and trolled the magazine.
Self-made means having succeeded in life unaided.
— Dictionary.com (@Dictionarycom) July 11, 2018
Dictionary.com tweeted the definition: “Self-made means having succeeded in life unaided. Used in a sentence: Forbes says that Kylie Jenner is a self-made woman,” it added along with a link to the Forbes article.
Many agreed that nepotism and mom Kris Jenner’s gave Kylie built-in wealth, helping the 21-year-old climb the ladder to success and top the financial list.
“For the love of God, I seriously want to break something when I see the very epitome of privilege described as “self-made”. For f*** sake, if you start the 40-yard dash on the 39-yard line, you are NOT self-made,’ a commenter said.
“Self-made”? Really? It’s easy to become a billionaire when you’re parents are millionaires…It’s called generational wealth + nepotism. Try Oprah Winfrey, who was raised on a small Mississippi farm by her grandmother, for self-made *whispers Kylie also isn’t a billionaire yet*” another tweeted.
Writer and culture critic Roxane Gay also chimed in:
It is not shade to point out that Kylie Jenner isn’t self-made. She grew up in a wealthy, famous family. Her success is commendable but it comes by virtue of her privilege. Words have meanings and it behooves a dictionary to remind us of that. https://t.co/2HzIJbLb8q
— roxane gay (@rgay) July 11, 2018
Forbes calculated her wealth this way:
“Even using a conservative multiple, and applying our standard 20% discount, Forbes values her company, which has since added other cosmetics like eye shadow and concealer, at nearly $800 million. Jenner owns 100% of it.
“Add to that the millions she’s earned from TV programs and endorsing products like Puma shoes and PacSun clothing, and $60 million in estimated after-tax dividends she’s taken from her company, and she’s conservatively worth $900 million, which along with her age makes her the youngest person on the fourth annual ranking of America’s Richest Self-Made Women,” the article reads.
Must be nice.