Jenner, 21, was finally given the title after months of speculation on Tuesday by Forbes as it unveiled its annual billionaires list.
The youngest of the Kardashian clan, Kylie Jenner, has made a big name for herself in the makeup industry.
'I didn't expect anything. "I did not foresee the future", Jenner told the magazine. She added that the recognition "feels really good".
Driven by Kylie Cosmetics' expansion into Ulta last year, the company's revenue climbed 9% last year to an estimated $360 million, with the overall valuation of the brand estimated at $900 million, which Forbes calls a "conservative" report. Jenner has 128 million followers on Instagram alone, where she constantly posts about her new products.
PTI leaders condemn Fayyaz Chohan for derogatory remarks against Hindus
Minister for Human Rights Shireen Mazari on Monday was unequivocal in her condemnation of her fellow PTI member's remarks. Multiple ministers from PTI made public statements condemning his speech before Chohan was sacked from the party Tuesday.
Second Member Quits Justin Trudeau's Cabinet Over Allegations Against Canadian PM
Wilson-Raybould remains a Liberal MP and said over the weekend she plans to run again as a Liberal in the fall election. Ms Wilson-Raybould resigned from Cabinet last month after being demoted to veteran affairs minister the month before.
Tiger Woods withdraws from Arnold Palmer Invitational
Prior to the injury, the general thinking was that if Woods was to miss a cut in the next two weeks, then he might add Valspar. Tiger announced in a pair of tweets that he would be withdrawing from the Arnold Palmer Invitational, citing a neck strain.
But when the whole Kardashian clan and members of their friend group - like Haqq - started bashing Woods all over social media, Will Smith stepped up to let the world know that both he and wife Jada Pinkett Smith consider her family as well, and have her back. She also owns an impressive portfolio of real estate. Leading the rest of the list in the top four spots was George Lucas ($5.4 billion), Steven Spielberg ($3.7 billion), Oprah ($2.8 billion) and Michael Jordan ($1.7 billion).
'That's a nice pat on the back, ' Jenner told Forbes. Kylie reportedly believes that the texts are "evidence" that Travis has been cheating on her, whereas the "Sicko Mode" star explained that it was nothing more than some simple flirting.
"I popped up at a few stores, I did my usual social media - I did what I usually do, and it just worked", she says. "I honestly don't wake up even thinking about it".