Kylie Jenner, an American model, TV star, and makeup business owner, has a net worth of $750 million.
Each year, she makes $40 – $100 million from her different projects.
Most of Kylie’s money comes from her makeup brand, Kylie Cosmetics.
In November 2019, she sold 51% of her company to Coty Inc. for $600 million, valuing the whole company at $1.2 billion.
After taxes, she earned around $340 million from the sale.
But since then, the value of her remaining 45% ownership has dropped.
In the year after the sale, Kylie spent $130 million on mansions and a private jet.
Kylie Jenner Net Worth Milestones
Starting from November 2011, Kylie’s wealth was first tracked.
At that time, it was estimated that the 14-year-old had a net worth of $300 thousand.
By June 2013, the estimate rose to $2 million.
Her net worth then doubled to $4 million by mid-2014.
In July 2016, she reached the milestone of crossing $10 million.
Around mid-2017, Kylie’s net worth started to skyrocket.
In June 2017, her net worth was pegged at $50 million.
By July 2018, that number was raised to $200 million.
In mid-2019, her fortune was estimated at $300-400 million, much of which is paper wealth based on the value of Kylie Cosmetics.
Kylie ended 2020 with a net worth of $650 million, 2021 with a net worth of $700 million, and 2022 with a net worth of $750 million.
| Category | Richest Celebrities › Models |
|---|---|
| Net Worth | $700 Million |
| Birthdate | Aug 10, 1997 (26 years old) |
| Birthplace | Los Angeles |
| Gender | Female |
| Height | 5 ft 8 in (1.75 m) |
| Profession | Model, TV Personality, Writer |
| Nationality | United States of America |
Is Kylie Jenner A Billionaire?
On November 18, 2019, Kylie Jenner was declared a billionaire.
It was stated 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.
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 brands 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 will likely be left with around $300 million.
We can’t say for sure just yet because it’s not yet clear how $600 million has been structured.
Was it all cash? Stock? A mixture of both?
These questions have major implications for her tax treatment and, ultimately, the net cash haul from the deal.
Furthermore, Coty does not expect the deal to officially close until the third quarter of 2020.
Kylie Jenner Real Estate
Kylie Jenner makes money from TV and her businesses.
She also loves real estate and has spent over $40 million on properties in just 2 years.
Here’s a quick look at what she owns:
1. Calabasas House, California (2015) – Bought for $2.7 million, sold for $3.15 million.
2. Hidden Hills Mansion 1, California (2016) – Bought for $6.03 million, sold for $6.7 million.
3. Hidden Hills Mansion 2 (2016) – Bought for $4.5 million, sold for $5.26 million.
4. Hidden Hills Mansion 3 (2016) – Bought for $12 million, not sold yet.
5. Hidden Hills Plot (2017) – Bought for $5 million, sold for $5.35 million.
6. Beverly Hills Mansion, California (2018) – Bought for $13.45 million, not sold yet.
7. Madison Golf Community Lot, California (2019) – Bought for $3.25 million, not sold yet.
8. Hidden Hills Plot 2 (2020) – Bought for $15 million, not sold yet.
9. Holmby Hills Resort (2020) – Bought for $36 million, not sold yet.
Endorsements
In 2013, Kylie Jenner, along with her sister Kendall, secured a lucrative endorsement deal worth $100,000 to promote a line of nail lacquers by Nicole by OPI.
Moving forward, Kylie’s influence in the beauty industry expanded as she became the face of skincare brand Nip + Fab in March 2015.
Additionally, she and Kendall ventured into fashion design, launching a clothing line with Topshop in June 2015.
Demonstrating her versatility, Kylie also entered the realm of accessories, launching a line of sunglasses with Australian company Quay Australia in 2017.
These endorsements underscore Kylie’s evolving role as a prominent figure in both the fashion and beauty sectors.
How she spends Monthly Expenses
A close source to Kris Jenner says Kylie spends $300,000 each month on clothes for herself and her daughter.
She also reportedly pays $300-400,000 per month for car expenses and security.
Kylie bought properties totaling $80 million in different deals.
In California, she pays property taxes yearly, which is about 1% of what she paid for the properties.
So, she owes California around $800,000 yearly, or roughly $67,000 per month.
Private Jet + “Climate Criminal”
Kylie spent $72 million on a private jet called Global Express.
She’s been using it a lot, even for really short trips. In July 2022, people started calling her “Climate Criminal” because she flew from Van Nuys to Camarillo, California, which would’ve been just a half-hour drive but only took her 12 minutes by jet.
She got criticized for being “classless” when she posted a photo on social media with her boyfriend, Travis Scott, in front of two private jets, asking which one they should take.
Kylie Cosmetics
Kylie built a huge wealth from her makeup business.
She made her first lipstick in August 2015, called the “Kylie Lip Kit,” which people loved right away.
In September 2015, she started her own website and app.
my debut fragrance Cosmic Kylie Jenner is now available at @Selfridges in the UK 🌸☄️🇬🇧 @kyliecosmetics pic.twitter.com/YBrQS7yFhM
— Kylie Jenner (@KylieJenner) March 16, 2024
Kylie Jenner Car Collection
Kylie Jenner boasts an impressive car collection that includes some of the most coveted luxury vehicles.
Among her prized possessions are the iconic Bugatti Chiron, the sleek Ferrari 458 Spider and 488 Spider, and the exclusive Ferrari La FerrariAperta.
She also owns the powerful Lamborghini Aventador SV Roadster and the versatile Lamborghini Urus.
Adding to her collection are the luxurious Mercedes Maybach S600, Mercedes-Benz G550 4×42, and Mercedes-Benz G63 AMG.
Not to be overlooked are the sophisticated Range Rover Autobiography LWB and the opulent Rolls Royce Cullinan, Ghost, Phantom VIII, and Wraith.
Completing her collection is a vintage Rolls Royce, adding a touch of timeless elegance to her remarkable fleet.
https://www.instagram.com/p/C3QK_EErG-7/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==
Charitable Work
Many people recognize Kylie Jenner for her generous contributions to various charities that help people in need.
She supports Smile Train, a charity established in 1999 that pays for surgeries for children with cleft lips and palates worldwide.
Smile Train also offers speech therapy, food services, dental care, and emotional support to these children. Up to now, the organization has assisted over 1.5 million children.
In 2016, Kylie donated all the money from a special lip kit she sold, raising nearly $500,000 for Smile Train.
Additionally, in March 2020, she gave $1 million to help those affected by the Australian wildfires.
Through these actions, Kylie aims to reduce inequality across the globe.
Final Thought
Kylie Jenner, model, TV personality, and makeup mogul, has a net worth of $750 million.
She earns $40-$100 million yearly, mostly from Kylie Cosmetics.
In 2019, she sold 51% of her company for $600 million but faced a decline in the value of her remaining stake.
Despite controversies over spending, including $130 million on real estate and a private jet, Jenner is active in philanthropy, notably supporting charities like Smile Train and Australian wildfire relief efforts.
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