Kylie Jenner is a businesswoman, socialite, and model. She is the founder and owner of Kylie Cosmetics, a beauty company that produces and sells cosmetics products. Kylie Jenner has been a successful businesswoman from a young age, and she is currently one of the most-followed people on social media.
Kylie Jenner is accustomed to being in the news. She most recently accomplished this by being the first woman to amass 300 million Instagram followers. She is still the second-most followed Instagram user. Aside from her extensive social media following, she is also well-known for her famous beauty company, Kylie Cosmetics, which has helped to increase her $600 million net worth.
Kylie Jenner Net Worth :
Her 44% ownership in Kylie Cosmetics, multi-million dollar real estate holdings, and social media endorsement deals are the primary sources of her riches.
Regarding the Company
Kylie Cosmetics was founded in 2014 and is a type of cosmetics firm with headquarters in the United States.
Caitlyn and Kris Jenner welcomed Kylie Kristen Jenner into the world on August 10, 1997, in Los Angeles, California. She has an elder sister named Kendall and eight half-siblings. She is the youngest member of the more prominent Kardashian-Jenner family. She finished her primary education at Sierra Canyon School before switching to a homeschooling program in 2012. In July 2015, she received her high school certificate from Laurel Springs School in California.
When she started starring in the family reality series Keeping Up With The Kardashians on E!, which is unscripted, she gained early media recognition. The program gained immediate popularity and quickly rose to the top of Sunday ! ‘s ratings, attracting more than a million people in its first month. By the show’s final season, which ran from 2007 to 2021, each celebrity was reportedly being paid almost $900,000 per episode.
She and her sister hosted several high-profile events and movie premieres, such as Glee: The 3D Concert Movie in 2011 and The Vow in 2012, utilizing the media prominence she earned from KUWTK. She appeared in a Much Music Video Awards advertisement in 2014 to make her acting debut. Along with these side projects, she and her sister co-wrote the science fiction book Rebels: City of Indra and took part in music videos for artists like Jayden Smith.
Jenner, however, finally got her big break in 2014 when she introduced Kylie Cosmetics, her very own company.
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Kylie Jenner’s Monthly Expenses :
According to a Kris Jenner-related source, Kyle spends $300,000 a month on clothes for both herself and her baby. She reportedly spends $300 to $400 000 each month on security and automobile bills.
The properties we previously discussed were bought for a total of $80 million through a number of deals. Her annual property tax expense in California amounts to about 1% of the purchase price. Kylie therefore owes the state of California almost $800,000 in property taxes annually, or about $675,000 every month.
“Climate Criminal” plus a private jet :
According to reports, Kylie paid $72 million for a Global Express private plane. Even during egregiously brief flights, she has not been timid about using the plane. Kylie acquired the moniker “Climate Criminal” in July 2022 after it came to light that she had flown a 12-minute journey on her private aircraft from Van Nuys, California, to Camarillo, California, a trip that would have required a half-hour by automobile. She received backlash for uploading a picture of herself and her boyfriend, Travis Scott, in front of two private jets on social media with the message “You want to take mine or yours?” at about the same time, branding her “classless.”
The Rise of a Beauty Billionaire Through Kylie Cosmetics :
At the young age of 17, Kylie Jenner launched Kylie Cosmetics in collaboration with Seed Beauty, setting off on her first solo business venture with the support of her mother, Kris Jenner. She added $250,000 of her own money earned as a model. On November 30, 2015, the business debuted a line of three liquid lipsticks called Kylie Lip Kits.
Each of the $29 hues was nearly instantly sold out after the product’s launch, demonstrating the product’s rapid popularity with consumers. The company had to increase its manufacturing capacity by February 2016, and in its first 18 months of operation, it had made nearly $420 million in sales.
With the Koko x Kylie line, Kylie Cosmetics and Khloé Kardashian jointly launched their debut campaign in November 2016. Following its enormous success, the business doubled down by releasing a holiday collection on November 21. This led to the brand’s highest sales to date, bringing in nearly $19 million in revenue in only one day.
Sales from the crème lipstick series created in partnership with Kim Kardashian contributed to Kylie Cosmetics’ approximately $13.5 million revenue in April 2017. In November, Jenner teamed up with TopShop, a retailer with 7 locations across the US that offered Kylie Cosmetics.
Given that the business had only dealt directly with clients up until that point, this represented a significant brand extension. On several occasions, the business would later work with Kris Jenner, Khloé, and Kim Kardashian. With each debut, they were a resounding success and dominated their respective sales figures.
With an estimated net worth of close to $900 million in July 2018 and at 20, Jenner broke the record for the youngest individual to appear on the Forbes list of America’s Richest Self-Made Women.
By collaborating with Ulta Beauty and introducing a mobile app in the same month, Kylie Cosmetics significantly accelerated its retail and digital expansions in November 2018. By the end of the year, the company was valued at close to $900 million, with a projected annual sales of about $360 million.
Jenner had successfully expanded her brand into cosmetics and colognes by September 2019. In a deal for over $600 million in November, Coty acquired a 51% majority ownership in the business. Jenner’s net worth surpassed $1 billion with this acquisition, and the company was valued at $1.2 billion.
Forbes noted in 2020, however, that the Coty acquisition also demonstrated that Jenner’s company had been far less profitable than she had claimed in public. The corporation lowered her net worth to $900 million, depriving her of the status of a billionaire.
By introducing new product lines like Kylie Swim, a range of swimwear, in August 2021, and Kylie Baby, a line of baby skincare products, in September 2021, Kylie Jenner is continuing to grow her commercial empire.
Check out Official website of Kylie Cosmetics.
The Real Estate Wolf :
Kylie Jenner is a real estate fanatic in addition to her business empire and TV revenues; in just two years, she invested over $40 million in homes.
An overview of her real estate portfolio is provided below:
California’s Calabasas House (2015) – $2.7 million was spent; $3.15 million was earned.
California’s Hidden Hills Mansion 1 (2016) – $6.03 million was spent; $6.7 million was earned.
(2016) Hidden Hills Mansion 2 Purchased: $4.5 million; Sold: $5.26 million
Hidden Hills Mansion 3 (2016) – Purchased: $12 million; Sold: NA.
Hidden Hills Plot (2017) – Purchased: $5 million; Sold: $5.35 million.
Beverly Hills Mansion, California (2018) – Purchased: $13.45 million; Sold: NA.
Madison Golf Community Lot, California (2019) – Purchased: $3.25 million; Sold: NA
Hidden Hills Plot 2 (2020) – Purchased: $15 million; Sold: NA
Holmby Hills Resort (2020) – Purchased: $36 million; Sold: NA.
Apart from that, Kylie leverages her vast social media following to ink endorsement deals with various brands. According to a recent report by HopperHQ, she charges an average of $1.8 million per Instagram endorsement post.
It is currently unclear whether a family office manages her wealth or if it falls under her mother, Kris Jenner’s, responsibility as her manager.