Are you familiar with the name Kylie Jenner? If you’re an avid follower of pop culture and the world of social media, then you most definitely know who she is. From being a reality TV star to owning a successful cosmetics empire, Kylie Jenner has become a household name. But has her fame and success made her one of the wealthiest people out there? In this blog post, we’ll explore Kylie Jenner’s net worth and how she has accumulated a fortune that most people can only dream of. So, buckle up and get ready to delve into the extravagant world of one of the youngest self-made billionaires.
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Kylie Jenner’s Net Worth is $750 Million
K Jenner has achieved a net worth of $750 million, making her the second-richest member of the Kardashian-Jenner family. Her success stems from her ability to manage her brand and leverage her assets As the youngest member of the family, Kylie has learned big lessons from her older sister Kim Kardashian. Despite controversies surrounding her business ventures, Kylie has managed to turn infamy on reality television into amazing profits in a variety of fields.
Most of her net worth comes from her company Kylie Cosmetics, but she has also earned money from her time on reality television and several modeling gigs. Additionally, her family’s independent wealth likely contributes to her net worth. However, most of her wealth is tied up in things like multiple mansions across the nation and a private jet.
Since she first appeared on Keeping Up With the Kardashians as a preteen, Kylie’s net worth has skyrocketed from $300,000 to $750 million. Her family’s wealth likely contributed to her early net worth. But in recent years, Kylie has made a name for herself as a model, reality television star, and cosmetics businessperson. It was her company Kylie Cosmetics that really garnered her the most significant wealth.
The company was created in 2014 to make and sell luxury cosmetics to her fans. She launched The Kylie Lip Kit in 2015, and it took off, making between $177 million between 2018 and 2019 alone.
In November 2019, she sold 51% of Kylie Cosmetics to Coty Inc. for $600 million, which doubled her net worth. The deal has been her most significant money-making venture. However, the value of her remaining 45% stake in the brand has gone down significantly since the sale. Despite being called the youngest self-made billionaire in the world,
it was later revealed that this was not true. Her current net worth is accurate, but details she and her mother provided to Forbes magazine led to the false billionaire status claim. Regardless, Kylie is still extremely rich, successful, and continues to amass her wealth by investing in tangible assets like real estate and luxury goods. [1][2]
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Majority of Her Wealth Comes from Kylie Cosmetics
Kylie Jenner is known for her massive fortune, with Forbes once dubbing her the world’s youngest self-made billionaire in March 2019. The majority of her wealth comes from her cosmetics company, Kylie Cosmetics, which she founded in 2015. The brand has proven to be hugely popular with consumers, raking in millions of dollars in revenue each year. In 2019, Jenner sold a majority stake in her cosmetics company for $1.2 billion, which at the time confirmed her billionaire status.
However, Forbes later questioned the size and profitability of her business, alleging that she had exaggerated her company’s success. Despite this, there’s no denying that her cosmetics empire has been a significant source of wealth for Jenner. [3][4]
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Sold 51% of Her Company to Coty Inc. for $600 Million
Kylie Jenner, the youngest of the Kardashian-Jenner clan, sold a 51% stake in her cosmetics company, Kylie Cosmetics, to beauty company Coty Inc. for a hefty sum of $600 million. With this sale, the company’s new valuation now stands at $1.2 billion, with Jenner still retaining 49% ownership. Jenner’s cosmetics brand began in 2015 with her famous lipstick kits, which sold out within minutes of launching due to her impressive social media following, which now totals over 270 million followers. Last year, Jenner’s products were made available in 1100 Ulta Beauty stores across the US.
Coty’s purchase of the majority stake in Kylie Cosmetics comes as the cosmetics maker seeks to expand its reach into skin care and fragrance products, adding a younger demographic to its consumer base with Jenner’s millions of followers. Jenner credits much of her success to her social media reach, and has relied on her own social media promotion to market her cosmetics—with very little marketing costs beyond production and sales. Coty will have overall responsibility for Jenner’s brand, but her creative efforts and communication team will continue to lead.
Jenner’s billionaire status, given to her by Forbes earlier this year, sparked some controversy and backlash from critics who argued that she was not “selfmade” due to her fame and family’s wealth. Regardless, the sale of her majority stake in her $1.2 billion valued cosmetics brand to Coty Inc. for $600 million puts her among the wealthiest in her incredibly wealthy family. While the pandemic disrupted consumer spending and beauty stocks, resulting in Jenner’s net worth being recalculated, her success at such a young age is a testament to the power of social media influencers and marketing in modern business. [5][6]
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Forbes Retracted Previous Statements about Her Billionaire Status
For, the popular media outlet known for its billionaire rankings, has retracted its previous statement regarding Kylie Jenner’s billionaire status. In 2019, Forbes declared Kylie Jenner a self-made billionaire. However, after analyzing the recent deal in which Kylie Cosmetics sold 51% of its stake to Coty (a beauty giant), Forbes found that Kylie and her family inflated the size and success of her business. Forbes accused Kylie’s family of going to unusual lengths to present her as richer than she actually was. Therefore, Forbes has removed Kylie from its list of billionaires.
Although Kylie Jenner denied the allegations levied against her, Forbes maintained that her business was significantly smaller and less profitable than previously believed. The magazine had initially credited Jenner’s status to the success of her cosmetics company, which included Kylie Cosmetics and Kylie Skin. Her company’s tax returns and publicists had claimed that it had done more than $300m in sales in 2016 and over $330m in 2017.
However, information shared by Coty suggested that Kylie’s firm earned only $125m in sales in 2018, which is far less than Forbes previously believed. After considering all this information, Forbes concluded that Kylie Jenner’s net worth was just below $900 million and not a billion dollars as she previously claimed.
Despite Forbes’s retraction of Kylie Jenner’s billionaire status, she still pocketed a massive $340m from the sale of her business. Hence, she is hardly hurting. Forbes’s decision to retract the previous statement about Kylie’s billionaire status may have faced criticism from Kylie’s fans. However, Forbes had previously accused other individuals of inflating their riches, including Donald Trump. Ultimately, Forbes stands firm in its policy of having no tolerance for misleading claims and reporting only genuine information.
This new information about Kylie Jenner’s net worth serves as a valuable reminder that even the ultra-rich sometimes need to be held accountable for their statements and businesses. [7][8]
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Kylie Jenner’s Net Worth Started to Skyrocket in Mid-2017
K Jenner’s net worth has been a topic of interest for both her ardent admirers and skeptics. In 2019, Forbes dubbed her as a billionaire, but in 2020, allegations of clickbait marketing and misleading publications led to her crown being taken away.
Despite this, Kylie remains a business mogul and one of America’s self-made women. As of 2022, her net worth stands at around USD 600 million, of which a substantial amount comes from her signature cosmetic brand. Additionally, her Instagram account is a major source of earnings, with each post previously charging over USD 1.5 million.
Kylie’s maquillage empire includes her cosmetics line, which she launched in 2015 when she was just 18 years old. In 2019, she sold 51% of her empire to global beauty company Coty for USD 600 million. Her cosmetics line is a pioneering makeup brand, with private companies handling manufacturing, packaging, and sales. Moreover, she launched a skincare line in 2019 and a baby line in 2021. Kylie also serves as a brand ambassador for Adidas and Fashion Nova, earning significant amounts for promoting them on her Instagram account.
Besides her maquillage empire, Kylie also earns from her family’s reality TV series Keeping Up With The Kardashians (KUWTK), which they collectively earned about USD 30 million per season until 2017. The streaming platform Hulu now airs the new family reality TV series, with rumors indicating that Kylie is getting a considerable payout.
Kylie Jenner’s fame and wealth have not been immune to controversy, and even her net worth has been called into question. In 2020, it was revealed that she had been inflating the size and success of her business for years. Although she pocketed an estimated $340 million from the sale of 51% of her cosmetics company, her net worth is not a billionaire, primarily due to the impact of Covid-19 on beauty stocks and consumer spending. Nonetheless, Kylie remains a modern-day icon with an incredible sense of the beauty consumer, making significant strides in the cosmetics industry. [9][10]
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Owns Expensive Mansions and a Private Jet
Kylie Jenner, the reality TV star and business mogul, has a net worth of around $600 million according to Forbes. She is known for being a self-made woman and boasts of a vast fortune boasting cosmetics empire, luxury cars, mansions and even a private jet. In 2020, Kylie splashed out a whopping $36.5 million on a seven-bedroom mansion in Holmby Hills, California, which comes with an enormous kitchen, a personal gym, 14 bathrooms, a bar, spa, home theatre and even a 24/7 guardhouse.
Additionally, she is known to own an impressive car collection worth an estimated $6 million. Her collection includes a $3 million Bugatti Chiron, $350,000 Lamborghini Aventador, a $200,000 Mercedes Maybach and a $222,000 Ferrari 458 Spyder. Moreover, Kylie was the first Kardashian-Jenner to own a private jet which she bought in 2020 for $72.8 million. The customised Bombardier Global 7500 reportedly has a range of 7,700 nautical miles, making it one of the most expensive private jets owned by any celebrity. [11][12]
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A Business Mogul and Self-Made Woman
Kylie Jenner is a successful entrepreneur, widely known for her makeup empire, Kylie Cosmetics. At the young age of 24, her estimated net worth is around $700 million. Despite initial criticism and controversy, her brand has grown to become a formidable force in the beauty industry, with her cosmetics selling out within minutes. She has expanded her brand to skincare, fragrances, and clothing. She is also a popular social media personality and ranks among the highest-paid celebrities.
Her success is credited to her business acumen, marketing skills, and her massive social media following, which has made her a trendsetter. Despite her privileged background, she is known for her hard work and dedication to growing her brand, earning her respect as a self-made woman. Her success has inspired many young women worldwide to pursue their dreams and achieve their goals.
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Earns Money from KUWTK and Instagram Posts
Kylie Jenner has been making headlines for her immense wealth and success in the beauty industry. One of the key sources of her income is her appearances on the reality TV show, Keeping Up With The Kardashians (KUWTK), which she has been a part of since she was a child. The Kardashian Jenner family collectively earn a staggering USD 30 million per season from the show. It’s unclear how much Kylie specifically earns, but reports suggest that she is getting a hefty pay from her stint on a reality TV series exclusive to streaming platform Hulu. Along with KUWTK, Kylie’s Instagram posts also contribute significantly to her earnings, with reports stating that she charged a little more than USD 1.5 million per post until last year. [15][16]
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Launched Skincare and Fashion Lines
Kylie Jenner’s business acumen is evident not just in her maquillage empire, but also in her multiple business ventures. In 2019, the reality TV star launched a skincare line named Kylie Skin that has been received with much acclaim. She also introduced a fashion line in collaboration with her sister Kendall Jenner, which offers affordable clothing and accessories. In addition to these ventures, Kylie serves as a brand ambassador for popular brands like Adidas and Fashion Nova.
Her Instagram account is yet another source of income, with each sponsored post earning her millions of dollars. Despite relinquishing the billionaire title due to allegations of exaggerated business size and profitability, Kylie Jenner’s net worth remains impressive, owing to her smart business decisions and hard work. [17][18]
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Kylie’s First Business Venture was Kylie Lip Kits in 2015
Kylie Jenner’s first business venture was Kylie Lip Kits in 2015. With a mere investment of $250,000 from her modeling earnings, she built a whopping $800 million beauty empire. The lip kit trend was on the rise and Jenner capitalized on it through her massive social media following. The brand debuted with just 15,000 lip kits that sold at $29 each and became an instant hit.
Since then, the brand has sold more than $630 million worth of makeup alone, including an estimated $330 million in 2017. Despite being a novice in the business world, Jenner proved to be a shrewd entrepreneur.
Jenner’s success is largely attributed to her massive following on social media . She is the second highest-followed female influencer on social media in the world, and she leverages this platform to showcase her brands and products. She charges approximately $1.2 million for sponsored posts from brands and makes an estimated $8,000 to $127,600 through her streaming channel.
Her makeup-themed vlogs on YouTube and reallife bytes are popular among the younger generation, and her life updates rake in millions of views. This proves that social media is a powerful tool for businesses in the Instagram age.
Apart from her makeup empire, Jenner has also made millions from modeling and reality television shows. She made her debut in fashion as a model for the Sears line in partnership with her half-sister Kendall Jenner. Later, she was seen in haute fashion shoots for OK! Magazine, Teen Vogue, and photographer Nick Saglimbeni. Through her reality show Keeping Up with the Kardashians, she earns an estimated $4.5 million per season and $7.5 million to $8.3 million per season from her latest reality show Life of Kylie.
In 2019, Jenner expanded her business empire by launching a new skincare range under the name Kylie Skin. The beauty range included six core skin care products priced under $30, such as a foaming face wash, vanilla milk toner, and face moisturizer. After cashing in the profits from the skincare range, Jenner’s net worth rose to an estimated $750 million. In the same year, she signed a lucrative deal with Coty Inc., which acquired 51% of ownership of Kylie Cosmetics. Jenner retained the other half, earning her an estimated $600 million, thereby making headlines as one of the youngest billionaires of the decade. [19][20]
