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Now, the 33-year-old has revealed how the twins treated her when she was growing up.
The Emmy-nominated actor confessed that the child actors-turned-fashion designers used to compete for her affection.
The star told Harper's Bazaar: 'It's an amazing feeling, being the younger sibling to twins.'
The WandaVision actor, who is almost three years younger than her twin sisters, added: 'If I was spoiled by one, the other one wanted to match it. I loved it.'
When Olsen was born her sisters were already acclaimed child actors, thanks to starring in the ABC sitcom Full House. Their fame continued to rise as they starred in numerous films that revolved around their sisterhood, such as It Takes Two, Billboard Dad, Passport To Paris and New York Minute.
As for Elizabeth Olsen, she explained that she always wanted to venture into acting from a young age but admitted that following in her sisters' footsteps was nerve-racking.
She said: 'I always knew that it was what I wanted to do, I just had a lot of insecurities about wanting to do it.
'I've always felt that presence, which made me work harder, and maybe have a chip on my shoulder to be over-prepared and disciplined, so I could feel like I'm really earning it.'
Discussing her acting journey last April with Glamour, Olsen, who stars as Wanda Maximoff in the Avengers franchise, said: 'I don't want to be associated with [Mary-Kate and Ashley], for some reason.'
Clarifying her feelings, she added: 'I guess I understood what nepotism was like inherently as a 10-year-old. I don't know if I knew the word, but there is some sort of association of not earning something that I think bothered me at a very young age.
'It had to do with my own insecurities, but I was 10. So I don't know how much I processed, but I did think, "I'm going to be Elizabeth Chase when I become an actress."'
Echoing that trail of thought when speaking to Grazia, the Marvel star said: 'I've always wanted to do it alone.'
She did, however, show how invaluable it is to have her sisters around when it came to launching her career, saying to Nylon: 'I went through a phase when I first got into college where I was thinking if I don't get a manager or agent, I'll ask the girls [Mary-Kate and Ashley] to help me.
'I was OK with that idea, but I never needed it,'
However, Olsen also told the same publication that due to the media's 'abuse' of her sisters, she had apprehensions about entering the industry.
“how come you’re so much nicer than your sisters?”
“you guys have been bothering them their whole lives”
elizabeth olsen knows how to clear a bitch pic.twitter.com/6F5a968CSe
— alias (CLOSED) (@itsjustanotherx) January 3, 2022
She recalled: 'I thought I really didn't want to be in the industry.'
Referring to Mary-Kate, who checked into rehab in 2004 due to suffering from an eating disorder, Olsen said: 'They turned 18 and what was going on in her life—I'm talking about Mary-Kate—was all over the news.
'They would follow us shopping and [Mary-Kate and Ashley] would almost get into car accidents because of the paparazzi, and I didn't want to be a part of it. I just thought, this is such bulls**t.'
Earlier this year, a video clip uploaded to Twitter by @itsjustanotherx showing her defending Mary-Kate and Ashley went viral.
'In the clip, a photographer asks Olsen: 'How come you're so much nicer than your sisters?,' to which Elizabeth responds: 'Because you guys have been bothering them their whole lives.'
The video caption reads: 'Elizabeth Olsen knows how to clear a b****.'
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