Kris Jenner Is Still Defending Kylie's 'Self-Made' Billionaire Title
Kris Jenner defended her daughter against critics that claim she does not deserve to be called the "Youngest Self-Made Billionaire."
While Kris Jenner was on CBS Sunday Morning, the topic of her daughters' business empires came to light. When asked how she felt about people dismissing her daughter's title of being the youngest self-made billionaire, she said that Kylie deserves to be called just that.
Kylie Jenner's critics have made it clear that they do not approve of her being called the youngest self-made billionaire, as she got rich because of her family's many endorsement deals and reality TV show. However, Kris says that her daughter built her empire all on her own.
"It takes a lot of work to do what they're doing."
On Kylie Cosmetics
While people think that Kylie used her family's money to build her cosmetics empire, Kris begs to differ. The 21-year-old businesswoman started the company on her own, and with her own personal savings. She did not ask her mom or sisters for any money, as she built everything alone.
"I think she's self-made. I mean, listen, my girls, you can say that certain things have been handed to them, but it takes a lot of work to do what they're doing."
In fact, thanks to Kylie's brilliant idea, her siblings eventually followed suit and began their own businesses as well, with Kim even copying off her youngest sister's idea by making her own cosmetics line called KKW.
"She put her own blood, sweat, and tears into it. It was her idea. It was amazing what she did. She showed the rest of us how to do it."
Kylie's Own Take
Kylie also felt the need to speak up against all the accusations made against her, admitting that yes, she did need a lot of help to create the empire that is Kylie Cosmetics.
"I can't say I've done it by myself. If they're talking finances, technically, yes, I don't have any inherited money. But I have had a lot of help and a huge platform."
While the money used for the cosmetics company is 100% hers, which explains why she also owns the company 100%, she says that her social media popularity helped it to get to where it is now.
In 2018 alone, Kylie Cosmetics' expansion to having their products in Ulta saw its revenue climb up 9%, which brought its overall value at $900 million, which Forbes reveals is even a "conservative report."
With all of this said, Kylie Jenner has built an empire that was solely based on her own capital but with a whole lot of help from her fans and influence.