Milestones in Kylie Jenner’s Net Worth
In November 2011, Celebrity Net Worth began keeping tabs on Kylie Jenner’s net worth. Our initial estimate was $300,000 in net worth for the 14-year-old at the time. As of June 2013, our estimate had risen to $2 million.
Her net worth had increased from $2 million to $4 million by the middle of 2014. In July 2016, she made her first $10 million. Around the middle of 2017, Kylie’s fortune began to soar. We estimated her net worth at $50 million in June 2017.
We reached a milestone of raising $200 million in July of this year. In mid-2019, we estimated her worth at $300-400 million based on the valuation of Kylie Cosmetics, much of which is paper riches.
On August 10, 1997, Kylie Jenner was born in Los Angeles, California. She is the daughter of Kris Jenner and Bruce Jenner, a former Olympic athlete and reality TV star (who is known today as Caitlyn Jenner).
Kendall Jenner is Kylie’s older sister, and her half-siblings include Kim Kardashian, Kourtney Kardashian, Khloe Kardashian, and Brody Jenner. When Keeping Up with the Kardashians premiered on E! on October 14, 2007, Kylie was just 10 years old. In the United States, the KUWTK is currently the longest-running reality show of all time.
Kylie was a normal pre-teen who went to school and was a part of the cheerleading squad during the early years of the show. She began attending a home-school educational program in 2012 after she had previously dropped out of school. She graduated from high school in July of that year.
– Is Kylie Jenner A Billionaire? – Is she? NO.
Forbes named Kylie Jenner a billionaire on November 18, 2019. According to Forbes, she became a millionaire after selling 51 percent of her cosmetics company to Coty Inc. for $600 million, which valued the company at $1.2 billion.
CoverGirl and MaxFactor are among the many beauty products owned by Coty Inc., a company that has recently been in financial trouble. The company will continue to use Kylie as its public face. According to Forbes, her remaining 49 percent ownership in the company was valued at $588 million on paper in the purchase.
A lack of revenue and a high rate of CEO turnover has hampered Coty in recent years, which also owns Clairol and OPI nail polishes. After acquiring a dozen cosmetics brands from Procter & Gamble in 2016, the European-based company’s stock price has been reduced in half by an investment group called JAB Ltd.
She had to persuade Coty Inc. to pay a staggering 27X the profits of the company in order for it to be worth $1.2 billion.
Facebook presently trades at a price-to-earnings ratio of 26:1. The current price-to-earnings ratio for Procter & Gamble is 24X. The stock price of Coty is 18 times its profit.
A portion of the $600 million will be taxed, leaving roughly $300 million for Kylie. Until we know exactly how $600 million was arranged, we can’t say for sure. Was everything paid for in cash? Stock? Is it a combination of the two? These questions have a significant impact on her tax status and net profit from the transaction. In addition, Coty expects the purchase to be completed in the third quarter of 2020 at the earliest.
For the first time ever, Forbes has admitted that all the numbers they had previously presented were incorrect. Kylie’s accountants came up with this one.
Estimates of Personal Financial Situation
CelebrityNetWorth has been suspicious of Kylie’s wealth claims for a long time now. We put her net worth between $150 and $200 million in mid-2018.
The Forbes article published in July of that year stated that she was worth $900 million and on course to become the youngest self-made billionaire in the world because of the reported income and growth of her Kylie Cosmetics. We were immediately suspicious of the statistics when we saw them. This is what we published in Forbes on the same day as Forbes’ article:
Why Kylie Jenner Is No Longer a Billionaire: a Look Inside Her Web of Lies
Finally, Forbes admits that all of their information was bogus in the article they wrote. It’s all here. All of their magazine covers and headlines were based on outright fabrications. According to Forbes’ May 2020 correction,
After it came Kylie’s own finances. There was $177 million in pre-deal revenue, according to the Coty presentation, which was far less than the reported predictions of that time period. Adding insult to injury, Coty reported that sales were up 40% over 2018, despite the fact that the company generated only about $125 million in revenue that year, far below the $360 million the Jenners had told Forbes.
There were $100 million in sales in less than a month and a half for Kylie’s new skincare line, according to Kylie’s representatives. It appears that the brand was “on course” to end the year with just $25 million in sales,” according to the documents.
After That, Forbes Went on to Say:
Rakuten, an e-commerce firm that records a limited number of receipts, found that Kylie Cosmetics’ online sales fell by 62% between 2016 and 2018.”
According to Forbes, the firm was never that huge, to begin with, and the Jenners have lied about it every year since 2016—including having their accountant create tax returns with bogus numbers—to boost Kylie’s earnings and net worth. It’s evident that Kylie’s team has been lying, even though we can’t prove that the documents were fraudulent (but it’s possible).
Sale of Coty
Despite all this, Kylie still made a tonne of money when she sold her cosmetics business to Coty. The fact that Kylie didn’t control 100 percent of the company at the time of the sale was also noted in Forbes’ retraction.
At least 10% of the company appears to have been owned by Kris Jenner. When Kylie Jenner’s 90% ownership was valued at $1.2 billion, she sold half of her stake to a buyer. While Kylie still held a 45 percent paper ownership in the brand, she would have received about $340 million in post-tax cash if the purchase was done in cash.
Unfortunately, the deal has not been kind to the parent company’s stock price, which is bad news for Kylie and Coty. A 60 percent drop in Coty’s stock price occurred in just six months following the acquisition of Kylie Cosmetics because of the announcement that Coty had overpaid for the company and would likely have to write down the brand’s worth. That will surely diminish the value of Kylie’s remaining 45 percent in terms of paper currency. Chart of Coty’s share price from 2019 to 2020:
Keep an eye out for the date of November 18th, 2019 marked on the chart. Kylie’s sale was announced on that day. The stock price of Coty was $12.22. The stock dropped by seventy percent in the following months.
Investors estimate the company’s current market value at $2.8 billion. There are dozens more brands included, including Kylie Cosmetics, which was probably never valued at $1.2 billion. A major portion of the Kylie brand is likely to be written off by Coty in the near future, making Jenner’s remaining 45 percent ownership in the company worthless.
Achieving Success in Your Early Career and Getting Recognized
The Sears clothing line “Crush Your Style” was the beginning of Kylie Jenner’s modeling career. For publications like OK! Magazine and Teen Vogue, she has also appeared in numerous picture shoots. In September 2011, Kylie Jenner made her runway debut at New York Fashion Week.
In front of them, their little sister’s family members were cheering her on as she faced her most difficult challenge yet. With a sultry black ballerina-style dress by Abbey Dawn on the catwalk, she didn’t exhibit any signs of nerves.
Modeling gigs for several firms including Australian swimsuit manufacturer White Sands followed Kendall Jenner’s lead. People magazine published an article about the “beautiful people” Jenner and her older sister, Kylie, in 2010.\
The Twilight Saga: Breaking Dawn – Part 1 and Glee: The 3D Concert Movie: Kylie and Kendall hosted red carpet premieres in Los Angeles. A Bing Box interview was conducted at the premiere of The Hunger Games on March 12, 2012, as well. In 2013, Kylie Jenner and Kendall Jenner each received $100,000 for endorsing the Nicole by OPI nail lacquer collection.
Rebels: City of Indra, a science fiction tale about two girls with abilities who go out on an adventure, was also written by Kylie and Kendall. For the first time, Kylie appeared in a trailer for the 2014 Much Music Video Awards, which she co-hosted with Kendall Jenner.
In 2014, Kylie collaborated with Steve Madden to create a range of handbags. As of March of this year, she’s been a spokesperson for the skincare line Nip + Fab. With the help of British fashion retailer Topshop, Kylie and Kendall debuted a clothing collection in June of 2015.
Kylie Jenner became the face of PUMA in 2016 after being previously announced. An Australian firm called Quay Australia collaborated with Kylie Jenner in 2017 on a range of sunglasses.
Cosmetics by Kylie
Kylie Jenner has amassed an immense net worth as a result of her successful cosmetics line. August 2015 saw the launch of her debut product, a lipstick range. Kylie Cosmetics “Lip Kit” became an overnight sensation. September 2015 saw the debut of her personal website and mobile app.
Property Owned by Kylie Jenner
There have been several real estate transactions involving the Kardashian-youngest Jenner’s sibling over the years. After purchasing a property in Hidden Hills for $12 million in 2016, she now lives in a Cape Code-style estate with eight bedrooms and 11 bathrooms.
Kylie spent $36.5 million for a home in Holmby Hills, California, in April 2020.
In May 2020, Kylie purchased vacant land in Hidden Hills, California, for $15 million.
Life at Home
2017 was the year that Kylie began dating rapper Travis Scott. In February of this year, they welcomed their first child. In mid-2019, they began living apart. Between 2014 and 2017, she was romantically linked to rapper Tyga.
How Much Money Does Kylie Jenner Have?
Kylie Jenner is an American model, reality TV celebrity, and cosmetics entrepreneur.. It’s estimated that Kylie Jenner is worth $900 million right now. From her multiple businesses, Kylie makes between $40 and $100 million per year.
Kylie Cosmetics, the cosmetics line from which she made her fortune, accounts for the lion’s share of her fortune. Kylie sold 51% of her company to Coty Inc. in November 2019 for $600 million. At $1.2 billion, the corporation is valued overall.
As of May of 2020, the value of this asset has dropped dramatically The value of Kylie’s remaining 45 percent ownership in the company has decreased dramatically following the sale of the company.