Kylie Jenner (22) was born in Los Angeles and is the youngest daughter of businesswomen Kris Jenner and former Olympic athlete Bruce Jenner (known today as Caitlyn Jenner). Kylie’s older sister is model Kendall Jenner and her half-siblings include Kim, Kourtney and Khloe Kardashian and Brody Jenner. Kylie was just 10 years old when the hit show Keeping Up with the Kardashians debuted on TV channel E!. KUWTK is today the longest-running reality series in the U.S., and during the early years of the show Kylie was a regular pre-teen who attended school and was a member of the cheerleading team. She left traditional school and began a home-school educational programme in 2012, earning her high school diploma in July 2015.
As of 8th November 2019, Kylie Jenner is officially a billionaire. She achieved billionaire status after it was announced that Coty Inc. had acquired 51% of her cosmetics company for $600 million, valuing the company as a whole at $1.2 billion. Coty Inc. is a recently-struggling beauty business that owns brands that include CoverGirl and MaxFactor. Kylie will remain the public face of the brand, while the deal valued her 49% stake at $588 million on paper. After paying taxes on the $600 million portion of the sale, Kylie will likely be left with around $300 million.
Nevertheless, when you combine this $300 million with her non-cosmetic $100 million separate fortune and the $588 million remaining paper stake, she has a current personal net worth of $988 million. This is a mere rounding-up error to a billion dollars for someone like Kylie, who earns $20-30 million per year from sources beyond Kylie Cosmetics.
But is Kylie really a billionaire? This whole debate started as a result of a July 2018 Forbes Magazine article which claimed that Kylie’s make-up company was worth $800 million and that she was, thus, the world’s youngest billionaire. The article also claimed that Kylie has a separate non-cosmetic fortune of $100 million and, voila, she had a net worth $900 million (which still didn’t make her a billionaire!).
The Forbes article claimed that the company generated revenue of $307 million in 2016 and $330 million in 2017, with net profits of $100 million. In order to be worth $1.2 billion, Kylie would need to sell for 12X profits/4X revenue.
That was an exceedingly high multiple, especially considering the fact that the revenue generated by Kylie Cosmetics has not been growing. In fact, its overall revenue grew just 7 per cent in 2017 and was $70 million lower than had been predicted in mid-2017. Furthermore, her lip-kit revenue was actually down 35 per cent year over year.
Kylie Jenner officially became a billionaire as of 18th November 2019. She achieved billionaire status after it was announced that Coty Inc. had acquired 51 per cent of her cosmetics company for $600 million, with the company valued at $1.2 billion as a whole
Rumours suggest that there’s no way a company would pay a 12x multiple for a brand that is clearly waning in popularity. A much more reasonable multiple would have been 4x profits, which would have valued the company as a whole at $400 million. As the 100 per cent owner, she would have received around $260 million from a sale after taxes. As such, the reality-based net worth figure for Kylie prior to the sale stood at $300-400 million. But it could be the case that all of the aforementioned it actually wrong – it turns out that not only would a company pay a 12X multiple, Coty Inc. just paid more like a 25X multiple on profits, which is certifiably insane! This was known because Coty revealed that Kylie Cosmetics generated $177 million in total revenue over the last 12 months, marking a 40 per cent increase over 2018’s numbers.
That means that in 2018, when Forbes reported that the company had generated $360 million, it had actually only generated $126 million. Was that $360 million a lie? Or have revenues at Kylie Cosmetics actually dropped off a cliff since 2018? Either way, according to Coty’s filings, Kylie Cosmetics operates at a 25% margin. And she will therefore have earned $44 million in profit in 2019. In order for the company to be worth $1.2 billion, she somehow convinced Coty Inc. to pay a mind-boggling 27X multiple of profits. It is worth noting that Facebook currently trades at 26X profits, Procter & Gamble trades at 24X and Coty itself trades at 18X profits.
Kylie’s modelling career took off with the Sears clothing line “Crush Your Style”, while she has also featured in various photo shoots for publications like OK! Magazine and Teen Vogue. She made her catwalk debut at New York’s Fashion Week in September 2011, with family members in attendance, in front row, cheering on their little sister through her nerve-wracking moment. She may have been nervous, but this little diva didn’t let it show, as she strutted down the catwalk rocking a black ballerina-style dress by Abbey Dawn. Following in the footsteps of her big sis Kendall, Jenner landed modelling gigs for various companies, including Australian swimwear designer White Sands. She was featured in People magazine’s beautiful people article in 2010, alongside her big sister, while Kylie and Kendall also co-hosted red-carpet events for Glee: the 3D Concert Movie and The Twilight Saga: Breaking Dawn – Part 1 in Los Angeles.
They also did a joint interview in the Bing Box at The Hunger Games premiere on 12th March 2012. In 2013, Kylie and Kendall both earned $100,000 to endorse a line of nail polish called Nicole by OPI. Kylie and Kendall also released a science fiction novel, Rebels: City of Indra, which is about two girls with superpowers who embark on a journey. When Kylie and Kendall co-hosted the 2014 Much Music Video Awards, Kylie finally made her acting debut in a promo for the show. Kylie launched a line of handbags for Steve Madden in 2014, then in March 2015 she became the brand ambassador for skincare company Nip + Fab and in June that same year Kylie and Kendall launched a clothing line with British fashion retailer Topshop. Kylie was announced as the new face of PUMA in 2016, and a year later she launched her own line of sunglasses with Australian company Quay Australia.
Kylie Kristen Jenner, 22, is an American media personality, socialite, businesswoman and model. She has starred in the E! reality television series Keeping Up with the Kardashians since 2007
Kylie’s enormous personal fortune comes thanks to her cosmetics empire. She created her first product, a line of lipstick, in August 2015. The “Kylie Lip Kit” was an instant success. She launched a personalised website and app in September 2015, then renamed the company Kylie Cosmetics in February 2016 – a company that reportedly generated more than $700 million in gross revenue last year.
Over the years, this youngest of the Kardashian- Jenner sisters has bought and sold a number of houses around Southern California. Her current primary residence is an eight-bedroom, 11-bathroom Cape Cod style mansion in Hidden Hills, California, which she bought in 2016 for $12 million. Kylie has been in a relationship with rapper Travis Scott since 2017. They welcomed a daughter in February 2018, then started living apart in mid-2019. She had previously been in a relationship with rapper Tyga, between 2014 and 2017. Celebrity net worth first began tracking Kylie’s wealth in November 2011. The then 14-yearold had an estimated net worth of $300,000. By June 2013 that figure had grown to $2 million, and by mid-2014 her net worth had doubled to $4 million. She first crossed the $10 million mark in July 2016, but her net worth started sky rocketing around mid-2017 – totalling $50 million in July of that year. In July 2018 it had grown to $200 million and as of mid-2019 her personal fortune was estimated at $300-400 million, much of which was paper-wealth based on the value of Kylie Cosmetics.
Kylie Jenner’s fortune finally officially tipped her into billionaire status as of 18th November 2019, with all net worth figures calculated through the combination of a robust methodology and a proprietary algorithm.