Kylie Jenner Net Worth: Kylie Kristen Jenner is a media personality, socialite, and businesswoman from the United States. She was born on August 10, 1997. She created Kylie Cosmetics and starred in the E! reality series Keeping Up with the Kardashians from 2007 to 2021.
In terms of Instagram popularity, she comes in at number three. In 2012, when Jenner was just 14 years old, she and her sister Kendall worked with the clothing company PacSun to design a line of apparel called Kendall & Kylie. Kylie Lip Kits, the name of her cosmetics line that debuted in 2015, was shortened to “Kylie Cosmetics” the following year.
Furthermore, the duo released a mobile app titled Kendall and Kylie, which quickly rose to the top of the iTunes App Store’s charts. Time magazine named the Jenner sisters among the world’s 100 most influential teens in 2014 and 2015, citing the twins’ widespread appeal among young people thanks to their prominence in social media.
When Jenner was included on Forbes’ Celebrity 100 list in 2017, she became the youngest to do so. Life of Kylie, a spin-off starring Jenner, debuted in 2017. The New York Post named her the fashion industry’s most powerful celebrity in November 2018.
Forbes put Jenner’s wealth at $1 billion in 2019, labeling her the youngest self-made billionaire at age 21; the idea that Jenner is self-made has been contentious. Forbes published a statement in May 2020 claiming that Jenner had forged tax paperwork to make it look like she was a millionaire. Here’s a look at Kylie Jenner Net Worth. What is Kylie Jenner Net Worth?
When And Where Was Kylie Jenner Born & Raised?
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Kylie Kristen Jenner was born in Los Angeles, California, on August 10, 1997. Caitlyn Jenner (formerly Bruce Jenner) and Kris Jenner (née Houghton) are the proud parents of their youngest daughter, Kylie. She has ancestors in the Netherlands, England, Ireland, and Scotland from both of her parents and a small amount of Welsh from her father’s side.
In addition to Kendall, Jenner also counts eight elder half-siblings in her family. Caitlyn has one older half-sister, Cassandra Marino, and three older half-brothers, Burt, Brandon, and Brody Jenner, on her mother’s side. Kris’s side of the family includes Jenner’s elder half-sisters Kim, Khloé, and Kourtney, as well as her older half-brother Rob.
In 2015, before her dad made the change, she and her husband separated. Jenner was a student at Sierra Canyon School and a cheerleader there. According to Jenner, he has acted in school and community productions.
She decided to pursue an education at home in 2012 and enrolled in a homeschooling program; she earned her high school certificate from Laurel Springs School in Ojai, California, in July 2015. Let’s move and read more about Kylie Jenner Net Worth.
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How Much Is Kylie Jenner Net Worth In 2022?
Jenner, whose real name is Kylie Stewart, is a reality TV personality, model, and cosmetics mogul in her native United States. Kylie Jenner has an estimated $750 million in wealth. Kylie generates between $40 million and $100 million yearly from her different businesses.
Kylie Jenner’s wealth stems primarily from the success of her cosmetics line by the same name. Kylie made a $600 million deal to sell 51% of her business to Coty Inc. in November 2019. An aggregate valuation of $1.2 billion is applied to the firm.
The market value fell sharply in the months following the deal. After taxes, Kylie likely made roughly $340 million from the sale, but her 45% ownership in the company is now worth much less. During the 12 months that included the transaction, Kylie dropped $130 million on multiple residences and a private jet.
— Kylie Jenner (@KylieJenner) November 18, 2022
Is Kylie Jenner A Billionaire?
On the 18th of November 2019, Forbes officially recognized Kylie Jenner as a billionaire. According to Forbes, she became a billionaire after selling 51% of her cosmetics company to Coty Inc. for $600 million, at which point the entire business was valued at $1.2 billion.
Coty Inc., the owner of famous cosmetics lines like CoverGirl and MaxFactor, has been experiencing financial difficulties. Kylie will continue to represent the company in the public eye. According to Forbes, the agreement supposedly valued her remaining 49 percent interest at $588 million.
Coty, the parent company of Clairol and OPI, has seen sales decline and leadership churn in recent years. The stock price of the European company managed by the investment group JAB Ltd. had dropped by half since 2016 when it bought a dozen cosmetics brands from Procter & Gamble.
She managed to talk Coty Inc into paying a staggering 27X multiple of profits, which made the company worth $1.2 billion. Just so you know, Facebook is trading at 26 times earnings. The P&G stock price is 24X earnings. Coty is valued at 18 times its annual profit.
Kylie may expect to keep about $300 million after paying taxes on the $600 million gain from the sale. Not knowing how $600 million has been structured prevents us from saying for sure. Did everyone pay in cash? Stock? A combination of the two?
The answers to these questions will significantly impact her tax situation and takeaway from the sale. However, the company does not anticipate the deal’s official conclusion until the third quarter of 2020. If you find this interesting, please forward it to your friends. Visit Lighthousejournal.org for the most up-to-date and recent celebrity news.
Emma is a Master of Science candidate at the California Institute of Technology. Since approximately four years ago, she has been a freelance writer, producing content for newspapers, magazines, blogs, and the internet