Earlier this year, Forbers hyped Kylie Jenner up as the youngest self-made billionaire ever.
That was based on the valuation of her makeup company Kylie Cosmetics and valuations are always subject to debate.
There's no more questioning Kylie is a billionaire after Coty -- the corporate conglomerate behind Clairol, CoverGirl, Max Factor, and other cosmetic brands -- paid her $600 million for 51 percent of Kylie Cosmetics.
Kylie (and her 270 million social media followers) will continue to lead the brand.
In a statement, Kyle said she is "excited to partner with Coty to continue to reach even more fans of Kylie Cosmetics and Kylie Skin around the world," adding "this partnership will allow me and my team to stay focused on the creation and development of each product while building the brand into an international beauty powerhouse."
So if Kylie really is dating Drake, she's the one picking up the check.