Kylie Jenner Net Worth:$800 Million
|Net Worth:||$800 Million|
|Date of Birth:||Aug 10, 1997 (24 years old)|
|Height:||5 ft 8 in (1.75 m)|
|Profession:||Model, TV Personality, Writer|
|Nationality:||United States of America|
Kylie Jenner is an American model, reality television star and cosmetics entrepreneur.
Kylie Jenner Net Worth 2022:
Kylie Jenner’s net worth is $800 million. In a given year, Kylie earns around $50 – $100 million from her various endeavors.
The vast majority of her net worth comes from a cosmetics company called Kylie Cosmetics. In November 2019, Kylie sold 51% of her company to Coty Inc. for $600 million. Thus ,the valuation of the company came at $1.2 billion. As of May 2020, that value declined significantly. Kylie surely earned around $340 million after taxes from the sale, but the value of her remaining 45% stake in the brand has gone down significantly.
Kylie jenner net worth key facts
- Founded Kylie Cosmetics in 2014
- Launched “The Kylie Lip Kit” in August 2015
- Second-richest Kardashian/Jenner behind older half-sister Kim
- Kylie Cosmetics generated $177m between October 2018 and October 2019
- Sold 51% of Kylie Cosmetics to Coty Inc. in November 2019 for $600m.Earned roughly $340m after-taxes from the sale.
- Forbes once annointed Kylie the “youngest self-made billionaire” in the world
- Kylie is extremely rich and successful, but not a billionaire
- Paid $36.5 million for a Holmby Hills, Ca mansion in April 2020
- Paid $15 million for a vacant lot in Hidden Hills, Ca in May 2020
- Owns a separate $12m mansion in Hidden Hills, Ca
Kylie Jenner Net Worth Milestones
Kylie Jeneer net worth had doubled to $4 million by 2014. She first crossed $10 million in July 2016. Kylie’s net worth started to sky rocket around mid-2017. In 2017 her net worth was $50 million. In July 2018 Kylie jenner net worth was $200 million. As of mid-2019 her fortune was at $300-400 million, much of which is on papers wealth based on the valuation of Kylie Cosmetics.
Kylie Jenner Wiki:
Kylie Jenner was born on August 10, 1997 in Los Angeles, California. She is the youngest daughter from the marriage of businesswomen, Kris Jenner and the former Olympic athlete Bruce Jenner (who is known today as Caitlyn Jenner). Kylie’s older sister is model Kendall Jenner and her half-siblings include Kim Kardashian, Kourtney and Khloe Kardashian and Brody Jenner.
Kylie was just 10 years old when Keeping Up with the Kardashians debuted on E! on October 14, 2007. Today the KUWTK is the longest-running reality series in the US. For several over the early years of the show Kylie was a regular pre-teen who attended school and was a member of the cheer-leading team. In 2012 she left traditional school and started attending a home-school educational program. She earned a high school diploma in July 2015.
Is Kylie Jenner A Billionaire? – NO.
In November 18, 2019, Kylie Jenner was crowned a billionaire by Forbes. Forbes claimed she achieved billionaire status after selling 51% of her cosmetics company to Coty Inc. for $600 million, valuing the company as a whole at $1.2 billion. Coty Inc. is a recently-struggling beauty business that owns brands like CoverGirl and MaxFactor. Kylie will remain the public face of the brand. Forbes claimed the deal valued her remaining 49% stake at $588 million on paper.
Coty, which also owns Clairol and OPI nail polish, has struggled in recent years with lagging revenue and executive turnover. The European-based company, which is controlled by an investment firm called JAB Ltd., has seen its stock price cut in half since 2016 when it acquired a dozen cosmetics brand from Procter & Gamble.
For the company to be worth $1.2 billion, she somehow convinced Coty Inc to pay a mind-boggling 27X multiple of profits.
FYI, Facebook currently trades at 26X profits. Procter & Gamble trades at 24X. Coty itself trades at 18X profits.
After paying taxes on the $600 million portion of the sale, Kylie recieeved around $300 million. Was it all cash? Stock? A mixture of both? These questions have major implications on her tax treatment ultimately net cash haul from the deal. Furthermore, Coty does not expect the deal to officially close until the third quarter of 2020.
Kylie Jenner Wealth :
in mid-2018 we estimated that her net worth was $150-$200 million. In July of that year Forbes published an article that claimed she was worth $900 million and on the way to be the youngest self-made billionaire in the world all based on the reported revenue and growth of Kylie Cosmetics.
Kylie Jenner Net Worth Summary
Kylie Jenner’s net worth is $700 million as of 2022.
|Kylie Jenner Net Worth Milestones|
Kylie Jenner House:
The youngest of the Kardashian-Jenner sisters has bought and sold a number of houses around Southern California. Her current primary residence is an eight-bedroom, 11-bathroom Cape Code style mansion in Hidden Hills, California which she bought in 2016 for $12 million.
In April 2020, Kylie paid $36.5 million for a mansion in Holmby Hills, Ca.
In May 2020 Kylie paid $15 million for a vacant lot in Hidden Hills, Ca
Kylie Jenner Career:
Kylie Jenner’s modeling career started with the Sears clothing line “Crush Your Style”. She has also been featured in various photo shoots for publications like OK! Magazine and Teen Vogue. Kylie Jenner made her catwalk debut at New York’s Fashion Week in September 2011. The family members were there, in front row, cheering on their little sister through the nerve-wracking moment. She may have been nervous, but she strutted down the catwalk, rocking a black ballerina-style dress by Abbey Dawn.
Following her big sis Kendall’s footsteps, Jenner got modeling assignments for various companies including Australian swimwear designer White Sands. Jenner was featured in People magazine’s beautiful people article with her big sister in 2010. Kylie and Kendall hosted red-carpet events for Glee: The 3D Concert Movie and The Twilight Saga: Breaking Dawn – Part 1 in Los Angeles.
They also did an interview in the Bing Box at The Hunger Games premiere on March 12, 2012. In 2013 Kylie and Kendall both earned $100,000 to endorse a line of nail lacquers called Nicole by OPI. Kylie and Kendall also released a science fiction novel, Rebels: City of Indra which is about two girls with superpowers who embark on a journey.
When Kylie and Kendall co-hosted the 2014 Much Music Video Awards, Kylie finally made her acting debut in a promo for the show. In 2014 Kylie launched a line of handbags for Steve Madden. In March 2015 she became the brand ambassador for skincare company Nip + Fab.
In June 2015 Kylie and Kendall launched a clothing line with British fashion retailer Topshop. In 2016 Kylie was announced as the new face of PUMA. In 2017 Kylie launched a line of sunglasses with an Australian company called Quay Australia.
Kylie’s enormous personal fortune comes thanks to her cosmetics empire. She created her first product, a line of lipstick, in August 2015. The “Kylie Lip Kit” was an instant success. She launched a personalized website and app in September 2015.
Kylie Jenner hubsband, childrens:
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