This faux-noun is one of the most ridiculous modern terms scrounged up by the so-called intelligentsia.
It's phonetically-awkward-as-fuck. A better term would be "beautyism" -- and, even then, the term should be used to refer to ANYONE who tries to weaponize another person's perceived beauty (or lack thereof) against them...regardless of whether the aggressor is "beautiful," "ugly," or anything in-between.