Here’s Why Forbes Described Kylie Jenner As “Self-Made Billionaire”
Kylie Jenner’s new status – world’s youngest billionaire -by Forbes has stirred a lot of controversies.
People on social media have said she isn’t self-made because she came from a wealthy family.
In a reaction to social media comments, Forbes said it defines “self-made” as “someone who built a company or established a fortune on her own, rather than inheriting some or all of it.”
“As long as the list member didn’t inherit a business or money, she is labelled self-made. But the term is very broad, and does not adequately reflect how far some people have come and, relatively speaking, how much easier others have had it,” Forbes continued.
Forbes said that in 2014, it came up with a scoring system “that ranked members of the Forbes 400 list of richest Americans on a scale of 1 to 10 in terms of how self-made they were.
Based on that scale, someone who inherited everything scores a 1, while someone who not only grew up poor but also experienced substantial hardships – like Oprah Winfrey – scores a 10. Kylie Jenner, who comes from a wealthy family and who has leveraged her fame to her advantage, ranks a 7.”