Kylie Jenner net worth of $700 million, is an American model, reality television personality, and businesswoman in the cosmetics industry. Kylie Jenner makes between $40 and $100 million every year from her many businesses.
Major part of Kylie Jenner net worth comes from Kylie Cosmetics. In November 2019, Kylie sold 51% of her company to Coty Inc. for $600 million. Putting a $1.2 billion value on the firm altogether. In the days and weeks that followed the purchase, the value significantly dropped.
Kylie Jenner undoubtedly made $340 million after taxes from the transaction, but her remaining 45% ownership interest in the company is now worth much less. Kylie Jenner spent $130 million on several residences and a private plane during a 12-month period that included the sale.
Milestones in Kylie Jenner Net Worth:
In November 2011, Kylie Jenner net worth initially started keeping tabs on Kylie’s. At the time, we calculated the 14-year-old Kylie Jenner net worth to be $300,000. Kylie Jenner net worth quadrupled to $4 million by the middle of 2014. Her first ten-million-dollar milestone was reached in July 2016.
Kylie Jenner net worth began to soar in the middle of 2017. Her projected net worth in June 2017 was 50 million dollars. In July 2018, we raised that sum to $200 million.
In the middle of 2019, we estimated her net worth to be between $300 and $400 million, a significant chunk of which was based on the value of Kylie Jenner Cosmetics. Kylie Jenner had a net worth of $650 million at the end of 2020, $700 million at the end of 2021, and $750 million at the end of 2022.
Early Years:
Kylie Jenner was raised on August 10, 1997, in Los Angeles, California. In California. She is the youngest child born to businesswoman Kris Jenner and former Olympic athlete Bruce Jenner (now known as Caitlyn Jenner), who were married. Kendall Jenner, a model, is Kylie Jenner’s elder sister, while Kim Kardashian, Kourtney Kardashian, Khloe Kardashian, and Brody Jenner are her half-siblings.
The longest-running reality series in the US at the moment is KUWTK. For a few of the first seasons of the program, Kylie Jenner was a typical pre-teen who went to school and participated in the cheerleading squad. In 2012, she stopped going to traditional school and began homeschooling. In July 2015, she graduated from high school in July 2015.
Early Career Success and Endorsements:
Kylie Jenner began her modeling career with Sears’ “Crush Your Style” clothing line and has been featured in various publications. She made her catwalk debut in 2011 and has since landed modeling gigs for companies like White Sands. She and her sister Kendall hosted events and appeared in The Hunger Games premiere.
In 2013, they endorsed a nail lacquer line called Nicole by OPI. They also released a science fiction novel, Rebels: City of Indra. In 2014, they launched handbags for Steve Madden, became an ambassador for skincare company Nip + Fab, and launched a clothing line with Top Shop.
Is Kylie Jenner A Billionaire?
Forbes crowned Kylie Jenner a billionaire in 2019, after selling 51% of her cosmetics company to Coty Inc. for 600 million dollars, with a valuation of the company at $1.2 billion. Coty, which owns brands like Cover Girl and Max Factor, has struggled with revenue and executive turnover.
Jenner convinced Coty to pay a 27X multiple of profits for the company to be worth $1.2 billion.
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Wealth Calculations:
After paying taxes, Kylie Jenner is expected to be left with around $300 million, with the deal expected to close in Q3 2020. Skepticism about Kylie Jenner’s net worth, estimating it at $150-$200 million in mid-2018. Forbes claimed she was worth $900 million and the youngest self-made billionaire, but the numbers were likely fabricated.
Clickbait Title To Sell Magazines: Kylie Jenner net worth of $900 Million:
According to a 2018 Forbes report, Kylie Jenner’s cosmetics brand is worth $800 million. According to the publication, Kylie Jenner net worth business made $307 million in revenue in 2016 and $330 million with a profit of $100 million in 2017.
Additionally, the paper noted that Kylie Jenner Cosmetics’ sales had not been rising. In actuality, total revenue increased by just 7% in 2017 and was $70 million less than expected at the halfway point of the year. Additionally, her lip kit sales were down 35% from the previous year.
4x profits, which would have valued the firm at $400 million overall, in our judgment, would have been a far more realistic multiple at the time. She would have received almost $260 million after taxes from a sale as the 100% owner.
An Article with A Title “Within Kylie Jenner’s Chain of Lies and Why She’s Made a Billionaire” claims:
In that article, Forbes finally admits that all of their information was inaccurate. All of their magazine covers and headlines were founded on outright fabrications or falsehoods.
Further complicating matters, Coty reported a 40% increase in sales from 2018, which means the company only made approximately $125 million in revenue that year rather than the $360 million Kylie Jenner’s had misled Forbes to expect. According to Kylie Jenner’s representatives, her skincare brand, which debuted in May 2019, generated $100 million in sales in its first six weeks.
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Conclusion:
Since she was in her late teens, Kylie Jenner has been a business owner; at the age of 19, she introduced the popular Kylie Lip Kits. As of 2023, Kylie Jenner net worth scraped to $680 million, She is 25 years old, and will be the youngest person on Forbes’ list of the richest self-made women under 40.
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