Kylie Jenner is an American model, reality TV celebrity, and cosmetics business owner. At the time of writing Kylie Jenner net worth was $700 million. In a particular calendar year, Kylie is able to earn anywhere from $40 to $100 million through her numerous ventures.
The bulk of her wealth comes from a cosmetics firm known as Kylie Cosmetics. In November of 2019, Kylie sold 51% of her business for $600 million to Coty Inc. for $600 million. The company’s value is overall to $1.2 billion. At the time of writing the value of the company has decreased dramatically. Kylie certainly earned about $340 million after-tax after the sale, but the worth of her remaining 45percent stake in the brand has dropped dramatically.
Key Facts about Kylie Jenner’s Net Worth
- The youngest girl to Kris Jenner and Caitlyn Jenner
- The second-richest Kardashian/Jenner, after older half-sister Kim (who is worth $900 million)
- Founded Kylie Cosmetics in 2014
- Launched “The Kylie Lip Kit” in August 2015
- Kylie Cosmetics generated $177m between October 2018 and October 2019.
- Sold 51% off Kylie Cosmetics to Coty Inc. in November 2019 for $600m
- After-tax earnings of $340 million from the sale
- Forbes once declared Kylie as the “youngest self-made billionaire” in the world.
- As of May 2020 Forbes repeated previous statements regarding Kylie
- Forbes declared that the financial data previously disclosed to Kylie Kris and Kris was not true.
- Kylie is extremely wealthy and successful, yet she is not a billionaire.
- Paid $36.5 million for the Holmby Hills, Ca mansion in April 2020.
- The buyer paid $15m for the vacant property located in Hidden Hills, Ca in May 2020.
- Also owns a mansion worth $12 million located in Hidden Hills, Ca
Kylie Jenner Net Worth:
What is Kylie Jenner’s Net Worth?
Kylie Jenner is an American model, reality TV celebrity, and cosmetics business owner. As of the moment of writing Kylie Jenner’s wealth was $700 million. In any given period of time, Kylie is able to earn anywhere from $40 to $100 million from her many ventures.
The bulk of her wealth comes from a cosmetics firm named Kylie Cosmetics. In November, Kylie sold 51% of her business for $600 million to Coty Inc. for $600 million. The company’s value in its entirety is $1.2 billion. At the time of writing this value has dropped substantially. Kylie certainly earned about $340 million after-tax after the sale, but the value of her 45percent stake in the company has decreased substantially.
Kylie Jenner Net Worth Milestones
Celebrity Net Worth first began following Kylie’s wealth in the month of November 2011. We then estimated that Kylie’s 14-year-old had an estimated worth of $300,000. In June 2013, we increased the estimate up to $2.5 million. By mid-2014, her net worth had risen and was now $4 million. Her first milestone was $10 million in July of 2016.
Kylie’s net worth began to increase in mid-2017. In June 2017, we estimated Kylie’s net worth as $50 million. In July 2018, we increased the figure up to 200 million. We estimated in mid-2019 that her net worth at between $300 and 400 million, a large portion of it in relation to the worth that Kylie Cosmetics has. Kylie Cosmetics.
Kylie Jenner Net Worth:
Kylie Jenner was born on August 10, 1997, in Los Angeles, California. She is the youngest of the children born in the union of businesswomen Kris Jenner and Bruce Jenner, the famous former Olympic athletics player Bruce Jenner (who is now known in the media as Caitlyn Jenner). Kylie’s older sister the model Kendall Jenner and her half-siblings are Kim Kardashian, Kourtney, and Khloe Kardashian, as well as Brody Jenner.
Kylie was only 10 years old and older in the year Keeping Up with the Kardashians premiered on E! on October 14th in 2007. At present, KUWTK is the longest-running reality show in the US. In the early seasons of the show, Kylie was a normal pre-teen who went to school and was part of the cheerleading team. In 2012, she dropped out of traditional schools and started an educational program at home. She received her High School diploma month of July 2015.
Is Kylie Jenner A Billionaire? – NO.
On November 18, 2019, Kylie Jenner was crowned millionaire by Forbes. Forbes declared that she had achieved billionaire status after she sold 51 percent of her cosmetics company in the hands of Coty Inc. for $600 million.
Forbes valued the entire company to be $1.2 billion. Coty Inc. is a company that has been struggling with its beauty business and owns brands such as CoverGirl as well as MaxFactor. Kylie will continue to be the brand’s public face. brand. Forbes reported that the deal was valued at the remaining 49 percent part of the company at $588million on paper.
Coty has also acquired Clairol as well as OPI nail polishes and OPI nail polish, which has been struggling in recent times with stagnant sales and turnover of its executives. The company is based in Europe and is owned by an investment company called JAB Ltd., which has had its share price cut by half since the year 2016 when it purchased a dozen cosmetics brands from Procter & Gamble.
In order for the company to be valued at $1.2 billion dollars, the CEO managed to convince Coty Inc to pay a staggering 27X multiplier of its earnings.
For the record, Facebook currently trades at 26X profit. Procter & Gamble trades at 24X. Coty is trading at 18X profit.
After paying tax on the portion of the deal, Kylie will likely be left with a little over $300 million. We don’t know for certain as of now because it’s still not clear exactly how it was structured. Was it cash or Stock? Or a combination of both? These are important questions that have a major impact on her tax situation and ultimately, the net cash gain in the sale. Additionally, Coty does not expect the deal to be officially closed until the third quarter of 2020.
In the year 2018 Forbes article reported Kylie’s makeup firm was worth 800 million dollars. The article claimed that Kylie Cosmetics 2016 had a revenue of $307 million and in 2017 it earned $330 million and $100 million in profits. The article also stated the fact that Kylie Cosmetics’ revenues had declined.
The overall revenue increased just 7% in 2017 and was lower by $70 million than was anticipated in the middle of 2017. In addition, her lip kit revenue dropped 35% in comparison to the previous year.
Our opinion then, the more sensible number was 4x profit could have put the firm in its entirety as $400m. Since she was the sole owner Kylie would have earned about $260 million, after-tax, in the event of selling. We, therefore, believed that a more realistic net worth that was available for Kylie at the time of her July 2017 birthday was $300 to 400 million.
In reality, we are all wrong about everything.
On May 29 the year 2020, Forbes was forced to pen an article retracting the title:
” Inside Kylie Jenner’s Web of Lies – And Why She’s No Longer a Billionaire“
In the article, Forbes finally admitted that all their information was incorrect. Everything. Every headline, as well as magazine cover design, was founded on falsehoods and/or completely false representations. From Forbes May 2020 Forbes retracts:
” Then there were Kylie’s financials. Revenues over the 12-month period prior to the sale were $177 million, as per the Coty presentation, which was far less than the estimated figures that were in place at the time. Even more troubling, Coty stated that sales increased by 40% over 2018 which means that the company produced about $125 million during the year, not even close to the $360 million that the Jenners had been leading Forbes to assume.
Kylie’s skincare line was launched in May 2019 and generated $100 million in sales within the first month and a half, Kylie’s representatives said to us. The company’s filings reveal that the line was “on course” to finish the year with just $25 million in sales.“
” Data from e-commerce firm Rakuten, which tracks a select number of receipts, suggests there was a 62% decline in Kylie’s online sales between 2016 and 2018.“
” The business was never that big, to begin with, and the Jenners have lied about it every year since 2016–including having their accountant draft tax returns with false numbers–to help juice Forbes’ estimates of Kylie’s earnings and net worth. While we can’t prove that those documents were fake (though it’s likely), it’s clear that Kylie’s camp has been lying.“
However, this doesn’t mean that Kylie didn’t earn a ton of money through the sale she made to Coty. But Forbes has also noted in their retraction Kylie didn’t have all of the shares at the time of the sale. It seems that Kris Jenner owned at least 10 percent. Kylie was able to sell 50% of her stake at 90% at the $1.2 billion value. If the transaction was entirely cash, Kylie would have received around $340 million post-tax cash but still owned an 85% stake in the brand.
Unfortunately, for Kylie and Coty the deal hasn’t been exactly favorable to the stock price of the parent company. Within the first six months after the deal, Coty’s shares dropped 60% or at least some of it due to the fact that it had paid a huge amount over the price to acquire Kylie Cosmetics and will likely be forced to reduce the value of Kylie Cosmetics’ Kylie brand. It will surely lower the paper price of Kylie Cosmetics’ remaining 45percent. Here’s an illustration of Coty stocks between April 2019 to May 2020
We on Snoopitnow are skeptical about claims of Kylie’s wealth for many years. We estimated in mid-2018 that the value of her assets at between $150 and $200 million. In July of the same year, Forbes issued an opinion piece claiming that her worth was $900m and was on course to become the most self-made billionaire of her age on the planet according to the reported earnings and the growth of Kylie Cosmetics.
We saw the exact same figures and immediately knew they could be completely fake. On the same day that Forbes published their article, we also published the following information:
Take note of the dot on this chart on November 18, 2019. This was the date it was announced that the Kylie sale was made public. Coty’s stock was trading at $12.22. In the next few months, the stock fell by 70 percent of its value.
The market capitalization of Kylie Cosmetics according to investors at the time stands at $2.8 billion. This represents the total value of numerous brands, including Kylie Cosmetics, which as we mentioned, was never worth even close to $1.2 billion. It’s probable that Coty will need to write off a substantial part of Kylie Cosmetics. Kylie brand, which will render Jenner’s remaining stake of 45% worthless.
Early Career Success and Endorsements
Kylie Jenner’s model career began after Kylie Jenner’s Sears apparel range “Crush Your Style”. Jenner has been featured in a variety of photo shoots for magazines such as OK! Magazine and Teen Vogue. Kylie Jenner made her catwalk debut during the New York Fashion Week in September 2011. The entire family was there in the front row supporting their sister through the nervous moment.
It’s possible that she was scared, but this petite model did not let that show as she strolled down the catwalk wearing the black ballerina-style dress from Abbey Dawn. In her sister Kendall’s steps, Jenner landed modeling gigs for several companies, including Australian designer of swimwear White Sands.
Jenner was mentioned in People magazine’s gorgeous people feature with her big sister in the year 2010. Kylie and Kendall hosted red-carpet parties to promote Glee: The 3D Concert Movie and The Twilight Saga: Breaking Dawn – Part 1 in Los Angeles. They also appeared on Bing Box at the Bing Box at The Hunger Games premiere on March 12, 2012. In 2013, Kylie and Kendall both made $100,000 for promoting a line of nail lacquers named Nicole which is a line of nail lacquers from OPI.
Kylie and Kendall have also published the novel of the same name, the Rebels City of Indra which is about two women with superpowers who set off on a trip. In 2014, when Kylie along with Kendall hosted the 2013 Much Music Video Awards, Kylie finally made her acting debut in a promotional to promote the event. In 2014, Kylie introduced a line of bags for Steve Madden. In March of 2015, she was the brand ambassador of the skincare business Nip + Fab.
In June of 2015, Kylie, as well as Kendall, launched a line of clothing together with British retail giant Topshop. In the year 2016 Kylie was named the new model for PUMA. In the year 2017 Kylie introduced a line of sunglasses that was created with an Australian company named Quay Australia.
Kylie’s wealth is from her cosmetics business. The first product she launched was a lipstick line in August of 2015. Her first product, the “Kylie Lip Kit” was immediately a hit. Kylie launched her own app and website in September of 2015.
Kylie Jenner Real Estate
In the past the youngest Kardashian-Jenner sister has sold and bought numerous houses throughout Southern California. Her current home is an 11-bathroom, eight-bedroom Cape Code-style mansion in Hidden Hills, California which she purchased in 2016 for $12 million.
On April 20, 2020, Kylie made $36.5 million to buy a house located in Holmby Hills, Ca.
Then in May of 2020 Kylie paid $15 million for a vacant property situated in Hidden Hills, Ca
Kylie first began to date Travis Scott in 2017. Travis Scott in 2017. The couple welcomed a daughter in February of 2018. The couple split in the middle of 2019. She was previously engaged to Tyga, a rapper Tyga between 2014 and 2017.
Kylie Jenner’s wealth stands at $700 million as of the year 2020.
|Kylie Jenner Net Worth Milestones|