Kylie Jenner Net Worth (Money, Salary, Assets)

Kylie Jenner Net Worth and Salary

Kylie Jenner, an accomplished American model, reality TV personality, and cosmetics magnate, commands a staggering net worth of $700 million. Over the course of a year, her income ranges between $40 million to $100 million from various lucrative ventures she pursues. The lion’s share of her wealth stems from her successful enterprise, Kylie Cosmetics. Notably, in November 2019, Kylie brokered a deal selling 51% of her company to Coty Inc. for a hefty sum of $600 million, effectively valuing the entire company at $1.2 billion. Despite seeing a decline in value following the deal, Kylie pocketed around $340 million after taxes from the sale. Furthermore, she made hefty investments including acquiring multiple lavish properties and a private jet to a tune of $130 million in the wake of the deal.

Evolution of Kylie Jenner’s Wealth

Celebrity Net Worth traced Kylie’s financial journey, starting in November 2011, estimating her net worth at $300 thousand when she was just 14 years old. This figure soared to $2 million in June 2013 and doubled to $4 million by mid-2014. Crossing the $10 million mark happened in July 2016. Particularly, her net worth began to surge around mid-2017, escalating from $50 million in June 2017 to $200 million in July 2018. By mid-2019, her fortune was valued between $300-400 million, primarily tied to the success of Kylie Cosmetics. She rounded off 2020 with $650 million, 2021 with $700 million, and 2022 with $750 million in net worth.

Early Years of Kylie Jenner

On August 10, 1997, in Los Angeles, California, Kylie Jenner was born into the influential family of entrepreneurs Kris and Caitlyn Jenner. Growing up alongside her older sister Kendall Jenner and half-siblings Kim Kardashian, Kourtney, Khloe Kardashian, and Brody Jenner, she was thrust into the public eye at a young age with the premiere of Keeping Up with the Kardashians when she was only ten. Despite the show’s success, Kylie pursued education, transitioning to a home-school program in 2012, and ultimately achieving her high school diploma in July 2015.

The Truth about Kylie Jenner’s Billionaire Status

Forbes initially anointed Kylie Jenner as a billionaire on November 18, 2019, attributing this status to the sale of 51% of her cosmetics company to Coty Inc. for $600 million, valuing the business at $1.2 billion. However, later revelations surfaced questioning these figures. Forbes disclosed in May 2020 that the financial data provided by Kylie and her team were fabricated, leading to a retraction of her billionaire status. The deal with Coty Inc. raised eyebrows given the struggling state of the beauty conglomerate and their 27X multiple of profits for the valuation. Following the $600 million transaction, Kylie’s actual net cash benefit remains uncertain given the structure of the deal which includes both cash and stock components and was slated to finalize in the third quarter of 2020.

***Update***

On May 29, 2020, Forbes released an article retracting their previous declarations and highlighting the falsified nature of Kylie’s reported financial numbers.

History Overview

The narrative around Kylie Jenner’s wealth has been a topic of much discussion and controversy over the years. In mid-2018, there was a significant disparity in estimates of her net worth. While CelebrityNetWorth approximated it to be around $150-$200 million, Forbes published an article in July of the same year asserting that Kylie’s worth was $900 million, positioning her as potentially the youngest self-made billionaire. This valuation was primarily based on the reported success and growth of her cosmetics company, Kylie Cosmetics.

However, suspicions arose regarding the validity of these figures, with doubts cast on the accuracy of the reported numbers. In response to Forbes’ claims, CelebrityNetWorth promptly refuted them by publishing an article titled “Kylie Jenner Is Not Worth $900 Million – That’s A Silly Clickbait Headline To Sell Magazines,” emphasizing the inflated nature of the valuation.

Forbes had initially stated that Kylie’s cosmetics business was valued at $800 million, highlighting revenue figures from 2016 and 2017. However, subsequent investigations revealed discrepancies in the reported earnings and growth rates. In May 2020, Forbes issued a retraction article titled “Inside Kylie Jenner’s Web of Lies – And Why She’s No Longer a Billionaire,” exposing the inaccuracies in their previous assessments.

The retraction shed light on the actual financial performance of Kylie’s ventures, indicating significantly lower revenues than initially reported. Furthermore, it unveiled misleading practices employed by Kylie’s camp to exaggerate her earnings and net worth, including falsifying documents to inflate estimates. Forbes admitted that there was a substantial disparity between the claimed financial figures and the reality of the situation.

Impact of Coty Sale

Despite the discrepancies in reported finances, Kylie Jenner did benefit substantially from the sale of a stake in her cosmetics brand to Coty. Although Forbes clarified that she did not own the entire company at the time of the transaction, the deal was valued at $1.2 billion. Kylie sold half of her 90% stake, potentially yielding around $340 million after taxes and maintaining a 45% ownership stake in the brand.

However, Coty’s stock experienced a significant decline following the acquisition, plummeting by 60% in the months subsequent to the deal. This decrease was attributed, in part, to concerns regarding the valuation of Kylie Cosmetics and potential write-downs of the brand’s worth by Coty. The stock performance indicated investor skepticism about the actual value of Kylie’s remaining stake in the company.

The aftermath of the sale raised questions about the actual value of Kylie Cosmetics within Coty’s portfolio, with indications suggesting that a write-off of a significant portion of the brand’s value might occur. This situation could potentially render Kylie Jenner’s remaining stake in the company devoid of substantial value, highlighting the complexities and uncertainties surrounding her financial ventures.

Kylie Jenner Net Worth (Getty Images)

Early Career Success and Endorsements

Kylie Jenner embarked on her modeling career with the Sears clothing line “Crush Your Style,” establishing herself with features in publications such as OK! Magazine and Teen Vogue. At New York Fashion Week in September 2011, she made her catwalk debut, showcasing her talent and style.

Cheered on by her family from the front row, Jenner exuded confidence as she strutted down the catwalk in a striking black ballerina-style dress by Abbey Dawn. Following her sister Kendall’s footsteps, she secured modeling contracts with brands like White Sands and shared the limelight with Kendall in various events and endorsements.

In 2013, the Jenner sisters endorsed a line of nail lacquers for Nicole by OPI, and in the same year, they co-authored a science fiction novel titled Rebels: City of Indra. Subsequently, Kylie ventured into acting and fashion designing, solidifying her presence in the industry.

Her collaborations with major brands like Steve Madden, PUMA, Topshop, and Quay Australia, coupled with her role as a brand ambassador for Nip + Fab, further expanded Jenner’s influence and reach in the fashion and beauty world.

Kylie Cosmetics

Kylie’s staggering fortune primarily stems from her successful cosmetics empire, which took off with the launch of her first product, the “Kylie Lip Kit,” in August 2015. The instant success of this product paved the way for her to establish Kylie Cosmetics, catapulting her into the makeup industry spotlight.

Kylie Jenner Real Estate

Throughout the years, Kylie has been a discerning real estate investor, with a notable portfolio of properties in Southern California. Her properties in exclusive areas such as Calabasas, Hidden Hills, Beverly Hills, La Quinta, and Holmby Hills reflect her luxurious lifestyle and savvy investment choices.

From her first home purchase in Calabasas to her most recent acquisition in La Quinta, Kylie’s real estate ventures showcase her penchant for high-end living and strategic investments in prime locations.

Her property acquisitions, totaling over $80 million, come with significant expenses, including substantial monthly costs for maintaining her impressive real estate portfolio and associated lifestyle, making her annual property tax bill substantial.

Private Jet + “Climate Criminal”

Kylie’s luxurious lifestyle extends to her indulgence in private jet travel, with a reported $72 million investment in a Global Express private jet. However, her jet-setting habits have drawn criticism, particularly regarding environmentally conscious practices, earning her the nickname “Climate Criminal” for seemingly unnecessary flights.

Despite her significant wealth and influence, criticism has been directed at Kylie for her lavish lifestyle choices, highlighting the contradictions between her public image and environmental responsibilities.

Personal Life

In her personal life, Kylie has been romantically linked to prominent figures in the entertainment industry, including rappers Tyga and Travis Scott. Her relationships and family dynamics have been under public scrutiny, adding to her media presence and public intrigue.

Summary

Kylie Jenner’s net worth has skyrocketed to a staggering $750 million, marking her as one of the wealthiest and most influential figures in the fashion, beauty, and entertainment industries.