Kylie Jenner Net Worth - Second Richest In The Kardashian-Jenner Sisters
Even though Kylie Jenner is the youngest of the Kardashian-Jenner sisters, she is without a doubt one of the most successful women in her family and around the world. This has helped her build Kylie Jenner net worth that is hard to match, but not impossible.
James K.Jan 02, 202316 Shares557 Views
Kylie Jenner is 25 years old. She is a reality star who has always been controversial. She probably spends it in style, whether she rents a $200 million superyacht or uses her $73 million private jet for short trips. If you want to know Kylie Jenner net worth, you are in the right place.
Forbes said that Jenner, at age 21, was the world's youngest "self-made" billionaire because of her makeup company, Kylie Cosmetics.
But Forbes found out in a May 2020 investigation that Jenner is not, in fact, a billionaire. The magazine said that Jenner has lied to Forbes and other publications about the size and success of her business since 2016.
Kylie Jenner wearing a knitted white outfit aboard her private plane
Kylie Jenner is an American model, entrepreneur, socialite, reality TV star, and social media star. She is probably someone you know from the show "Keeping Up With the Kardashians."
She was born in Los Angeles, California, on August 10, 1997. She is the youngest daughter of Kris Jenner, a businesswoman, and Bruce Jenner, who used to be an Olympic athlete (who is known today as Caitlyn Jenner).
Kendall Jenner, who is also a model, is Kylie's older sister. Kim Kardashian, Kourtney Kardashian, Khloe Kardashian, and Brody Jenner are Kylie's half-siblings. When Keeping Up with the Kardashians premiered on E! on October 14, 2007, Kylie was only 10 years old.
The longest-running reality show in the US right now is the KUWTK. During the first few seasons of the show, Kylie was a normal preteen who went to school and was on the cheerleading team.
In 2012, she stopped going to a traditional school and started going to a home-school program. In July 2015, she got her high school diploma.
Jenner was the youngest child of a family of very successful socialites, so it was safe to say that she would always play a part in this success. Kylie started appearing on the TV show Keeping Up With the Kardashians when she was only 10 years old. The show set her up for success after she graduated from high school.
Jenner has been on other TV shows and gotten endorsements for modeling jobs and social media posts since she was on the reality show. She was recently in the newsbecause she was pregnant with Travis Scott's child. In February 2018, she gave birth to a little girl.
Kylie Jenner is an American model, reality TV star, and businesswoman who sells cosmetics. Kylie Jenner is worth $750 million. Kylie makes between $40 million and $100 million a year from her many jobs.
Kylie Jenner makes almost all of her money from her cosmetics line, Kylie Cosmetics. Kylie sold 51% of her company to Coty Inc. for $600 million in November 2019. Putting a value of $1.2 billion on the company as a whole. In the months after the deal, the price dropped by a lot.
Kylie definitely made around $340 million after taxes from the sale, but the value of her remaining 45% stake in the brand has gone down by a lot. Kylie spent $130 million on several mansions and a private jet in the 12 months after she sold her house.
All of this doesn't change the fact that Kylie made a lot of money when Coty bought her. In their retraction, Forbes also said that Kylie did not own 100% of the company when it was sold. It looks like Kris Jenner owned at least 10% of the company.
Kylie sold 50% of her 90% stake in the company for $1.2 billion. If the deal was all cash, Kylie would have gotten about $340 million in cash after taxes. She would have still owned 45% of the brand on paper, though.
The sale was bad for Kylie and Coty because it hurt the stock price of the parent company. In the six months after the deal, Coty's stock dropped by at least 60% on the news that it paid way too much for Kylie Cosmetics and will probably have to write down the brand's value. That will make Kylie's remaining 45% worth less on paper for sure.
Forbes says that Jenner started Kylie Cosmetics in 2015 and said that the company made $400 million in its first 18 months. Jenner signed a deal in November 2019 to sell Coty Inc. a majority stake in her cosmetics company for $600 million. This put the company's value at $1.2 billion.
Forbes thought Jenner's business, Kylie Cosmetics, was worth $900 million at the time. Forbes said that this and the money she made from the company put her net worth at more than $1 billion.
While most teens get ready for collegeor think about what they want to do with their lives, this one bought her first home. So, not everyone is like Kylie Jenner. Kylie bought her first home when she was 17 years old.
Kylie bought a luxurious five-bedroom house with more than 5,100 square feet of space for a huge USD 2.6 million in 2015. (Rs 21 crores approx). This villa is grand in every way, from the Tuscan-style living room to the beautiful pool.
After Kylie Cosmetics became very successful, the reality TV star bought not one but three mansions in the Hidden Hills area of California. Kylie bought a small mansion for USD 6 million (about Rs 49 crores) in May 2016, followed by a smaller home for USD 4.5 million in August of the same year.
The area is popular with celebrities(Rs 37 crores approx). Later that same year, she spent USD 12 million on a third home (Rs 98 crores approx). For those who don't know, this is one of her main places to live.
Kylie spent a huge USD 3.3 million (roughly Rs 27 crores) on an empty lot in California's Madison Club in La Quinta in 2019. Even though the property has a beautiful view, Kylie hasn't said what she has in mind for the site in particular.
Kylie's most recent purchase was a modern one-story house in the Los Angeles neighborhood of Holmby Hills for USD 36.5 million (Rs 300 crores approx). It is spread out over an acre of land and has two apartments for guests and a guardhouse.
It was also said that Kylie and Travis Scott were going to rent a luxury townhouse in New York City in 2021.
Kylie Jenner is an American reality TV star, model, socialite, and person who is famous on social media. Jenner and her sisters have been on the reality show "Keeping Up With the Kardashians" on E! since 2007.
She also started the cosmetics company Kylie Cosmetics and owns it. Kylie Jenner's net worth is thought to be $750 million as of December 2022.