Why Kylie is not a self-made billionaire?
On July 11 of 2018, Kylie Jenner graced Forbes with a photo shoot and made it to the cover of the magazine for the August issue as a figure for America’s Women Billionaire. At the time of the time of the cover, Kylie Cosmetics the company owned by Kylie Jenner was estimated to have a sold products for over $300 millions in 2017 and was estimated to be worth $800 million. At the time of this Forbes issue, Kylie had not been a billionaire yet, according to Forbes, but she made the cut for the list of billionaire…. Or women to become billionaire. The term “ Self- Made” was used to describe Kylie empire on the cosmetics industry. According to the Collins Dictionary, a self-made millionaire is by the definition: people who have become successful and rich through their own efforts, especially if they started life without money, education, or high social status.
If this definition is true and it is true indeed. Kylie is not a self-made Millionaire. At the age of 10, Kylie was already making television appearances on the Television Show, Keeping Up with the Kardashians. A Reality series diffusing the lives of the family members and sisters like Kim and Khloe. Kylie is also the daughter of retired Olympic gold medal-winning decathlete, Bruce Jenner. Bruce has since transgendered into a woman and identify as Caitlyn Jenner… I know the family is full of plot twists.
When Kylie launched her cosmetic lip kit in 2015, she had already been a huge celebrity having been the sister of Kim and the daughter of a gold medalist. She also has had successful endeavors with clothing lines partnering with her sister Kendall. So, with all the platforms and the privileges that had been given to her without much work of her own, it is okay and right to say that Kylie is not a self Made. She is a woman who was given a platform on social media with a huge number of following and she used it to get her coins. Bravo! I applaud anyone especially women who take the step to start something and grow as a person.
The privileges, the riches, the television or even rumors about lip augmentation which she admitted to in an episode of Keeping Up with the Kardashians, have given Kylie a boost that if many other women had while they were starting out, would have been a billionaire as well. Careful though, this does not take away Kylie’s work of coming up with ideas, concepts and showing up to stores which have boosted sales also. Kylie does deserve to be applauded. She is just not self-made! She ain’t. One could argue, well we all had to be helped at some point in our lives… exactly and that is why we all have not made it. There are very few self-made billionaires that will tell you that they had the amount of money that Kylie had when she was staring out Kylie cosmetics. In fact, the riches of her family and celebrity status played huge factors in getting her business started. Because at the end of the day, every company would want to work with her or her sisters because they have huge followers.
Truth be told, someone who truly deserves to be called a self-made billionaire is Pat McGrath. Born to an immigrant mother in England, McGrath has worked in the beauty industry as a makeup artist for over two decades, learning all that she could about beauty and make up. WWD reported that the Pat McGrath Labs, the company owned by the makeup artist Pat McGrath is estimated to have a valuation to over $1 billion as a result of $60 million minority stake taken by New York City-based investment company.
Allure Magazine’s Writer BAZE MPINJA wrote “McGrath doesn’t need validation from a magazine — what she’s accomplished and contributed to the beauty world speaks for itself. Besides, with the amount of work she has under her belt and the level of talent she possesses, McGrath is not only self-made, but the woman has also got it made.”
This is the ultimate truth. Pat is self-made and her company was worth $1 billion in the cosmetics business before Kylie’s was. But you know Forbes has its way of doing things. All in all, both women are making coins and are blessings us with beauty products…we are here for them.
