Kylie Jenner is the youngest billionaire ever. Here's why

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Hollywood starlet, Kylie Jenner, has added another feather to her cap as she has dethroned Facebook founder Mark Zuckerberg to become the youngest self-made billionaire at the age of 21.

The 21-year-old Keeping Up With The Kardashians reality star and beauty entrepreneur is now the world's youngest billionaire, according to Forbes on Tuesday (March 5).

"'That's a nice pat on the back", she said as quoted by Forbes.

Reaching the milestone two years ahead of Mark Zuckerberg (who met the ten-figure mark in 2008 at 23-years-old), Jenner is being touted as the youngest "self-made billionaire".

The magazine credits her latest successes to her makeup company's expansion into Ulta beauty stores, which caused revenue to climb 9% previous year to an estimated $60 million. 430 billionaires dropped off the list this year, of which 40 were due to deaths and 1,246 saw a drop in their wealth.China lost the maximum number of billionaires - 213, followed by India with 52.

She started her business with Kylie Cosmetics in the year 2015 and still happens to be the soul owner of the cosmetics range. Bill Gates bagged the second spot all due to his fortune worth $136 billion.

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Both her parents are worth millions, and being born into a highly-watched reality television also comes with certain marketing perks. Some expressed their agreement while others continued to argue that her path to success and wealth, while legitimate, was very much aided. The business magazine has ranked Kylie as the world's 2,057th richest person.

Kylie Jenner checks out her product at a beauty store.

Jenner has also been credited for her social media outreach.

Last July, ET spoke to Jenner's sister, Kim Kardashian West, when she defended Jenner after the makeup mogul appeared on the cover of Forbes magazine's America's Richest Self-Made Women issue. I work really hard, ' she said.