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What is the net worth of Kylie Jenner?
Kylie Jenner, the American model, reality television icon, and cosmetics mogul, boasts an impressive net worth of $700 million. Each year, her ventures bring in between $40 to $100 million, with the lion’s share stemming from her wildly successful brand, Kylie Cosmetics.
In a headline-making move in November 2019, Kylie sold 51% of her cosmetics empire to Coty Inc. for a staggering $600 million, effectively valuing the entire company at $1.2 billion.
Despite this initial valuation, the company’s worth saw a notable dip in the months following the sale. However, Kylie still walked away with an estimated $340 million post-tax from this lucrative deal.
Amidst this financial whirlwind, Kylie indulged in her luxurious tastes, splurging $130 million on a collection of opulent mansions and a private jet within a single year.
Although the value of her remaining 45% stake in Kylie Cosmetics has seen a decline, Kylie’s entrepreneurial spirit and penchant for lavish living remain as dazzling as ever.
Also Read : Kim Kardashian Net Worth
Early Life
Kylie Jenner was born on August 10, 1997, in the vibrant city of Los Angeles, California. She is the youngest daughter of Kris Jenner, a savvy businesswoman, and Bruce Jenner, the celebrated Olympic athlete now known as Caitlyn Jenner.
Kylie’s family is a constellation of stars, with her older sister being supermodel Kendall Jenner and her half-siblings including the renowned Kim, Kourtney, and Khloe Kardashian, as well as Brody Jenner.
Kylie stepped into the spotlight at just ten years old when “Keeping Up with the Kardashians” premiered on E! on October 14, 2007.
This show has since become the longest-running reality series in the United States. Despite her early fame, Kylie led the life of a typical pre-teen, balancing school with cheerleading.
In 2012, Kylie’s educational journey took a turn as she transitioned from traditional school to a home-school program. This change allowed her to focus more on her budding career while still achieving academic success, culminating in her high school diploma in July 2015.
Kylie’s early years set the stage for her rise to stardom and business success, showcasing a blend of normalcy and extraordinary opportunity.
Kylie Jenner Net Worth Milestones
Kylie Jenner’s financial trajectory is a testament to her impressive business acumen and growing influence. Here’s a closer look at the key milestones in her journey to becoming a multimillionaire:
- November 2011: At just 14 years old, Kylie was first tracked by Celebrity Net Worth, which estimated her net worth at $300,000.
- June 2013: As her presence in the entertainment world grew, so did her wealth, reaching $2 million.
- Mid-2014: Kylie’s net worth doubled again, hitting the $4 million mark.
- July 2016: She crossed the $10 million threshold, marking her entry into the big leagues of celebrity wealth.
- June 2017: Kylie’s net worth skyrocketed to $50 million, reflecting her burgeoning success in the cosmetics industry.
- July 2018: Her fortune surged to $200 million, driven by the explosive growth of Kylie Cosmetics.
- Mid-2019: Her net worth was estimated between $300 million and $400 million, largely attributed to her stake in Kylie Cosmetics.
- End of 2020: Kylie’s net worth climbed to $650 million, despite fluctuations in her company’s valuation.
- End of 2021: She added another $50 million, bringing her net worth to $700 million.
- End of 2022: Continuing her financial ascent, Kylie finished the year with a net worth of $750 million.
Kylie’s financial journey is a blend of entrepreneurial spirit, strategic branding, and the power of social media, solidifying her status as one of the most influential and wealthy figures in the entertainment and business worlds.
Early Career Success and Endorsements
Kylie Jenner’s ascent to fame began early, with her modeling career taking off thanks to the Sears clothing line “Crush Your Style.” She graced the pages of numerous publications, including OK! Magazine and Teen Vogue, showcasing her emerging star power.
Her catwalk debut came in September 2011 during New York Fashion Week, where she confidently walked the runway in a black ballerina-style dress by Abbey Dawn, with her supportive family cheering from the front row.
This pivotal moment marked the beginning of Kylie’s modeling journey, echoing the success of her older sister Kendall. She soon landed gigs with various brands, such as Australian swimwear designer White Sands.
In 2010, Kylie and Kendall were featured in People magazine’s “Beautiful People” article, a testament to their growing influence. The dynamic duo hosted red-carpet events for high-profile premieres like “Glee: The 3D Concert Movie” and “The Twilight Saga: Breaking Dawn – Part 1” in Los Angeles. They also conducted an interview in the Bing Box at “The Hunger Games” premiere in March 2012.
Kylie’s endorsement deals began to roll in by 2013, when she and Kendall each earned $100,000 for promoting Nicole by OPI nail lacquers. Their creative ventures extended to literature with the release of their science fiction novel, “Rebels: City of Indra,” which tells the story of two super-powered girls on an epic journey.
Kylie’s star continued to rise as she co-hosted the 2014 Much Music Video Awards, making her acting debut in a promo for the show. Her entrepreneurial spirit shone through in 2014 when she launched a line of handbags for Steve Madden.
By March 2015, she had become the brand ambassador for skincare company Nip + Fab, and in June, she and Kendall unveiled a clothing line with British fashion retailer Topshop.
Kylie’s influence in the fashion world expanded further in 2016 when she was announced as the new face of PUMA. A year later, she collaborated with Australian company Quay Australia to launch a line of trendy sunglasses.
Each of these milestones showcases Kylie’s multifaceted talent and her relentless drive to carve out her own legacy in the worlds of fashion and entertainment.
Personal Life
In 2017, Kylie Jenner’s personal life took a romantic turn when she began dating rapper Travis Scott. Their relationship quickly became the focus of media attention, and in February 2018, the couple welcomed their beautiful daughter, Stormi Webster, into the world.
Despite their initial happiness, Kylie and Travis decided to start living apart in mid-2019, though they remained committed co-parents to their daughter.
Before her relationship with Travis Scott, Kylie was romantically linked to another rapper, Tyga, from 2014 to 2017. This relationship, too, was closely followed by fans and the media alike, marking another significant chapter in Kylie’s personal life.
Each of these relationships has played a part in shaping Kylie’s journey, adding depth to her story beyond her professional achievements.
Kylie Cosmetics
Kylie Jenner’s tremendous personal fortune is largely attributed to her groundbreaking cosmetics empire. The journey began in August 2015 when she introduced her first product, the “Kylie Lip Kit,” which became an instant sensation.
The success of this initial launch was a testament to Kylie’s keen sense of market trends and her ability to connect with her audience.
Riding the wave of this success, Kylie expanded her brand by launching a personalized website and app in September 2015.
These platforms not only offered her products but also provided an intimate look into her glamorous lifestyle, further solidifying her brand’s unique identity.
Kylie’s innovative approach and relentless drive have made her cosmetics empire a cornerstone of her immense wealth, showcasing her prowess as both a trendsetter and a business mogul.
Wealth Estimates
At CelebrityNetWorth, we’ve approached the proclamations of Kylie Jenner’s wealth with a healthy dose of skepticism. In mid-2018, we estimated her net worth to be between $150 and $200 million.
However, in July of that same year, Forbes published an article claiming Kylie was worth $900 million and on the cusp of becoming the youngest self-made billionaire in the world, based on the reported revenue and growth of Kylie Cosmetics.
Kylie Cosmetics was worth $800 million, with revenues of $307 million in 2016 and $330 million in 2017, generating $100 million in profit.
However, it also noted that the company’s revenue growth had stalled, with overall revenue growing just 7% in 2017 and falling $70 million short of predictions made in mid-2017. Moreover, lip-kit revenue had actually declined by 35% year-over-year.
In our view, a more realistic valuation for Kylie Cosmetics in 2018 would have been around 4x its profits, valuing the company at $400 million.
As the sole owner, Kylie would have netted approximately $260 million after taxes from a sale. Consequently, we believed a more accurate estimate of Kylie’s net worth in July 2018 was between $300 and $400 million.
While the allure of being labeled a billionaire certainly adds to Kylie’s mystique, the reality of her financial standing, based on concrete numbers and prudent analysis, paints a different yet still impressive picture.
The Coty Sale: A Rollercoaster Ride
Kylie Jenner’s journey into the business world reached a pinnacle on November 18, 2019, when she sold half of her 90% stake in Kylie Cosmetics to Coty Inc.
The deal, valuing her brand at a staggering $1.2 billion, promised substantial returns. If it had been an all-cash transaction, Kylie would have pocketed approximately $340 million after taxes, retaining a 45% paper stake in her beloved brand.
However, the aftermath was tumultuous. Coty’s stock, which stood at $12.22 on the day of the announcement, plummeted by 70% in the following months.
Investors reacted unfavorably, expressing doubts about the valuation and the future profitability of Kylie Cosmetics within Coty’s portfolio. The company’s current market cap stands at $2.8 billion, encompassing various brands, with Kylie Cosmetics likely overvalued in hindsight.
Analysts now speculate that Coty might need to write down a significant portion of the Kylie brand’s value, potentially reducing Kylie’s remaining 45% stake to a nominal value.
This turn of events underscores the volatility of the business world and the risks inherent in high-profile acquisitions.
Despite these challenges, Kylie Jenner’s entrepreneurial spirit and financial acumen have undoubtedly left an indelible mark on the cosmetics industry, reshaping norms and perceptions of celebrity-driven businesses.
Her story serves as a compelling reminder of the highs and lows that come with navigating the complex landscape of wealth and fame.
Real Estate
Kylie Jenner’s real estate portfolio is as extravagant as her influence in the world of fashion and beauty. At the heart of her holdings lies her Hidden Hills mansion, a sprawling estate that epitomizes luxury living in Los Angeles.
Spanning several acres, this property features numerous bedrooms, expansive living areas, and state-of-the-art amenities including a private theater, fitness center, and a glam room fit for a star.
Outside, a picturesque pool area offers breathtaking views of the surrounding hills, perfect for both relaxation and entertaining guests.
Beyond Hidden Hills, Kylie has also made waves with her acquisition in Holmby Hills, another prestigious neighborhood known for its exclusivity and grandeur.
Here, she enjoys a modern residence characterized by sleek interiors, high ceilings, and expansive windows that flood the interiors with natural light.
The outdoor spaces are equally impressive, with manicured gardens, serene courtyards, and a resort-style pool that enhance the property’s allure.
Additionally, Kylie has strategically invested in multiple properties throughout Beverly Hills, showcasing her savvy business acumen beyond personal comfort to include prime real estate investments.
Each of Kylie’s residences not only reflects her impeccable taste and preference for contemporary design but also underscores her status as a prominent figure in celebrity real estate circles, where her properties serve as iconic symbols of wealth, style, and unparalleled sophistication in the city of stars.
Summary
Kylie Jenner, the trailblazing entrepreneur and cultural icon, commands a staggering net worth of $750 million. Her journey from reality TV star to cosmetics mogul has reshaped industries and redefined success, setting her apart as one of the youngest and most influential self-made women in the world.
Beyond her financial achievements, Kylie’s impact extends into fashion, beauty, and beyond, making her a beacon of empowerment for a new generation of entrepreneurs. Her story is not just about wealth, but about resilience, innovation, and the limitless possibilities of ambition.