How much is Kylie Jenners Net Worth?
Renowned for her roles in American modeling, reality TV, and cosmetics entrepreneurship, Kylie Jenner boasts a net worth of $700 million. Annually, her earnings fluctuate between $40 million and $100 million across diverse ventures.
The predominant share of Kylie Jenner's wealth stems from Kylie Cosmetics. In November 2019, she offloaded 51% of her company to Coty Inc. for a substantial $600 million, valuing the enterprise at $1.2 billion. Post-transaction, the company's value experienced a notable decline. From the sale, Kylie reaped approximately $340 million after taxes, but the worth of her remaining 45% stake witnessed a substantial reduction. Over the subsequent year, encompassing the sale period, Kylie expended $130 million on the acquisition of multiple residences and a private aircraft.
#1. Milestones in Kylie Jenner's Net Worth
The journey of tracking Kylie Jenner's wealth commenced in November 2011 when, at the tender age of 14, she was initially estimated to possess a net worth of $300 thousand.
By June 2013, this estimate rose to $2 million, doubling to $4 million by mid-2014.
The significant milestone of crossing $10 million was achieved in July 2016.
Kylie's financial trajectory experienced a considerable upswing around mid-2017. In June 2017, her net worth was gauged at $50 million, escalating to $200 million in July 2018. By mid-2019, her fortune was estimated between $300-400 million, with a substantial portion representing paper wealth based on the valuation of Kylie Cosmetics. Kylie concluded 2020 with a net worth of $650 million, followed by $700 million in 2021, and a further increase to $750 million in 2022.
#2. Is Kylie Jenner Worth a Billion Dollars?
The answer is NO.
On November 18, 2019, Kylie Jenner attained billionaire status according to Forbes. This recognition followed her sale of a 51% stake in her cosmetics company to Coty Inc. for a staggering $600 million, valuing the entire company at $1.2 billion. Coty Inc., a beauty business struggling in recent times, owns renowned brands like CoverGirl and MaxFactor. Despite its challenges, Kylie retained her role as the public face of the brand. Forbes estimated the remaining 49% stake's paper value at $588 million.
Coty, dealing with revenue decline and executive turnover, faces challenges, with its stock price halving since 2016. The company, controlled by the investment firm JAB Ltd., witnessed this downturn after acquiring multiple cosmetics brands from Procter & Gamble.
To reach a $1.2 billion valuation, Kylie secured a remarkable 27X multiple of profits from Coty Inc., surpassing the trading multiples of Facebook, Procter & Gamble, and Coty itself. The intricate details of the $600 million deal, whether in cash, stock, or a combination, impact tax treatment and the final cash proceeds for Kylie. The deal's closure is expected in the third quarter of 2020, following tax considerations and pending details.
#3. Early Career Triumphs and Brand Collaborations
Kylie Jenner's entry into the modeling realm soared with the Sears apparel line "Crush Your Style." Noteworthy features in publications like OK! Magazine and Teen Vogue further propelled her into the limelight. Marking her catwalk debut at New York's Fashion Week in September 2011, Kylie showcased a black ballerina-style dress by Abbey Dawn, capturing attention and applause from her family seated in the front row.
Emulating her sister Kendall's path, Kylie secured modeling engagements, including collaborations with Australian swimwear designer White Sands. The Jenner sisters co-hosted events for major movie premieres and earned $100,000 each in 2013 for endorsing Nicole by OPI nail lacquers. Their joint venture extended to literature, with the release of the science fiction novel "Rebels: City of Indra" in 2014. Kylie delved into acting with her debut in a promo for the 2014 Much Music Video Awards.
Her entrepreneurial spirit shone as she launched a handbag line for Steve Madden in 2014, followed by becoming the brand ambassador for skincare company Nip + Fab in March 2015. Collaborations with Topshop for a clothing line and PUMA as the face of the brand in 2016 showcased her versatility. In 2017, Kylie expanded her influence with a line of sunglasses in partnership with the Australian company Quay Australia.
#4. Kylie Cosmetics
In August 2015, Kylie Jenner initiated her cosmetics journey with the debut of the "Kylie Lip Kit," featuring a line of lipsticks. The success prompted her to launch a personalized website and app in September 2015.
#5. Kylie Real Estates
Over time, Kylie Jenner has engaged in the buying and selling of several residences across Southern California. Presently, she possesses a minimum of five mansions in the Southern California region. They include Calabasas, Hidden Hills, Beverly Hills, La Quinta and Holmby Hills.
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