Kylie Jenner Net Worth

Kylie Jenner Net Worth

Kylie Jenner Net Worth:

$750 Million

Check Kylie Jenner’s Networth

Kylie Jenner Net Worth

 

Kylie Jenner

Net Worth: $750 Million
Date of Birth: Aug 10, 1997 (25 years old)
Gender: Female
Height: 5 ft 8 in (1.75 m)
Profession: Model, TV Personality, Writer
Nationality: United States of America

What is Kylie Jenner’s Net Worth?

Kylie Jenner is an American model, reality TV celebrity, and cosmetics entrepreneur. Kylie Jenner’s worth is $750million. In any given year, Kylie earns anywhere from $40 to $100 million through her numerous ventures.

The majority of her wealth comes from a cosmetics firm known as Kylie Cosmetics. In November, Kylie sold 51% of her business for $600 million to Coty Inc. for $600 million. The company was valued in its entirety at $1.2 billion. Following the sale, the value decreased dramatically. Kylie certainly earned about $340 million before taxes after the sale, however, the worth of her remaining part of the brand has decreased dramatically.

The most important facts

  • The youngest girl to Kris Jenner and Caitlyn Jenner
  • Second-richest Kardashian/Jenner after half-sister Kim (who is worth $900 million)
  • The company was established by Kylie Cosmetics in 2014
  • The Kylie Lip Kit was launched “The Kylie Lip Kit” in August 2015
  • Kylie Cosmetics generated $177m between October 2018 and October 2019.
  • Sold 51 percent of Kylie Cosmetics to Coty Inc. in November of 2019 for $600 million.
  • After-tax earnings of $340 million from the sale
  • Forbes once called Kylie the “youngest self-made billionaire” in the world.
  • Then in May of 2020 Forbes repeated previous statements regarding Kylie
  • Forbes declared that the financial data previously supplied to Kylie as well as Kris was not true.
  • Kylie is extremely wealthy and successful, but she’s not a billionaire.
  • Paid $36.5 million for the Holmby Hills, Ca mansion in April 2020.
  • The buyer paid $15m for the vacant land located in Hidden Hills, Ca in May 2020.
  • Also owns a mansion worth $12 million located in Hidden Hills, Ca

Kylie Jenner Milestones of Net Worth

Celebrity Net Worth first began following Kylie’s wealth in the month of November of 2011. At the time , we estimated that Kylie’s 14-year-old had an estimated worth of $300 million. In June 2013, we increased the estimate up to $2.5 million. In mid 2014, her net worth had risen at $4 million. Her first milestone was $10 million in July of 2016. Kylie’s net worth began to rise in mid-2017. In June 2017 we put Kylie’s net worth as $50 million. In July 2018 , we increased the amount by $200 million. In mid-2019, we estimated her wealth at between $300 and 400 million, a large portion of which is in the form of the value in Kylie Cosmetics. Kylie was able to finish in 2020 with an estimated Net value of $650 million and 2021, with an estimated total net worth of $800 million.

Early Life

Kylie Jenner was born on the 10th of August, 1997 in Los Angeles, California. Kylie Jenner is the youngest child born to the union of businesswomen Kris Jenner and Bruce Jenner, the famous former Olympic sportsman Bruce Jenner (who is today known by the name of Caitlyn Jenner). Kylie’s older sister modeling Kendall Jenner and her half-siblings are Kim Kardashian, Kourtney and Khloe Kardashian, as well as Brody Jenner. Kylie was only 10 years old older in the year Keeping Up with the Kardashians was first shown on E! on October 14th in 2007. On the present, KUWTK was the longest-running reality program on the air in the US. In the beginning period of the show Kylie was a normal pre-teen who went to school and was part of the cheerleading team. In 2012 she walked out of the traditional school system and started an educational program at home. She graduated with a High School diploma the month of July in 2015.

Is Kylie Jenner A Billionaire? – NO.

On November 18, 2019, Kylie Jenner was crowned as a billionaire by Forbes. Forbes said she was able to achieve billionaire status after she sold 51 percent of her cosmetics business for $600 million to Coty Inc. for $600 million. Forbes valued Coty Inc. as a whole as $1.2 billion. Coty Inc. is a relatively new beauty company with 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 share at 588 million dollars on paper.

Coty is also the owner of Clairol along with OPI nail polishes and OPI nail polish, has been struggling in recent times with stagnant revenues and executive turnover. The company is based in Europe and is owned by an investment firm known as JAB Ltd., has had its share price cut by half since 2016, when it purchased a dozen cosmetics brands by 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.

Just to let you know, Facebook currently trades at 26X profit. Procter & Gamble trades at 24X. Coty is trading at 18X profit.

After paying the 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 yet how the the $600 million was arranged. Was it cash or Stock? A mix of both? These are important questions that have a major impact regarding her tax treatment as well as ultimately , the net cash gain of the transaction. In addition, Coty does not expect the deal to be officially closed until the third quarter of 2020.

On May 29 in 2020, Forbes published a retracting article in which they admitted that the figures they reported earlier were incorrect. They were fabricated the accountants of Kylie’s.

More information on this historical event is below…

(ANGELA WEISS/AFP via Getty Images)

Wealth Estimates

We on CelebrityNetWorth were skeptical about claims of Kylie’s wealth for several years. In mid-2018, we estimated her net worth to be $150-$200 million. In July, Forbes released an article that stated that the sum was $900 million, and was on path to becoming 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 same figures and realized that they were probably fake. On the same day that Forbes launched their story, we released the following information:

In the year 2018 Forbes article stated Kylie’s makeup business was worth 800 million dollars. The article stated that Kylie Cosmetics in 2016 had a revenue of $307 million and in 2017 it earned $330 million, with a $100 million profits. The article also stated the fact that Kylie Cosmetics’ revenues had not increased. The overall revenue increased only 7percent in 2017, and was less than $70 million, which was anticipated in the middle of 2017. Additionally, the revenue from her lip-kit actually fell by 35% year-over one year.

Our opinion in the moment, a more sensible number was 4x profit which will have placed the firm in its entirety as $400m. Being the sole owner, Kylie would have earned approximately $260 million after tax in the event of selling. We therefore believed that a more realistic net worth of Kylie as of July 2018, was $300 to 400 million.

We are actually are all wrong about everything.

On May 29 in 2020 Forbes was required to write an article that was retracted.

” Inside Kylie Jenner’s Web of Lies – And the Reasons She’s Not A Billionaire

In the article, Forbes has finally admitted that all their information was fake. The entire article. Every headline or magazine pages were built on falsehoods and/or complete misrepresentations. From Forbes the May, 2020 Forbes Retraction:

“Then there were the financials of Kylie’s. The revenue over the 12 months prior to the purchase were $177 million, as per the Coty presentation. This was significantly lower than estimations that were published in the moment. The issue is that Coty claimed that its sales were up by 40 percent from the year before, meaning that the business only earned $125 million during the year not even close to the $360 million figure that the Jenners were leading Forbes to think. Kylie’s skincare line that was launched in the month of May, 2019, earned $100 million in sales within the first month and half, Kylie’s representatives said to us. The reports show that the line was “on the right track” to close the year with only 25 million of sales.”

xes. That’s approximately $67k per year.

Private Jet and “Climate criminal”

Kylie has reportedly has spent $72 million on the Global Express private jet. Kylie has been open of using the jet even on flights that are incredibly short. In the month of July 2022 Kylie was given the moniker “Climate Criminal” when it was discovered that she flew on her private aircraft to travel to Van Nuys to Camarillo, California in a journey that could have taken half an hour to drive, and took around 12 minutes via flight. At the same time, Kylie was branded “classless” after she posted to social media platforms a photograph of the boyfriend of her Travis Scott standing in front of two private jets , with the caption “You want to have mine or mine? “.

Some critics have been particularly brutal considering Kylie’s alleged image of being an eco-crusader.

My Life

Kylie first began with Travis Scott in 2017. Travis Scott in 2017. The couple welcomed a daughter in February of 2018. They split up in the middle of 2019. She was previously engaged to Tyga rapper Tyga between 2014 and 2017.

Summary

Kylie Jenner’s net worth is $750million.

Kylie Jenner Milestones of Net Worth  
   
Year Net Worth
2011 $300,000
2013 $2,000,000
2014 $4,000,000
2016 $10,000,000
2017 $50,000,000
2018 $200,000,000
2019 $300,000,000
2020 $650,000,000
2021 $700,000,000
2022 $750,000,000
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