Los Angeles, California is the place where Kylie Jenner was born on August 10th, 1997. The youngest child of Kris Jenner, a businesswoman and Bruce Jenner, a former Olympic athlete, she is known as “Kourtney” (who is known today as Caitlyn Jenner). Kylie’s half-siblings include Kim Kardashian, Kourtney Kardashian, Khloe Kardashian and Brody Jenner, and her older sister is model Kendall Jenner.
When Keeping Up with the Kardashians premiered on E! on October 14, 2007, Kylie was just 10 years old. As of now, KUWTK has been airing longer than any other reality show in the United States. The first several seasons of the sitcom took place when Kylie was a typical pre-teen. She went to school and participated in cheerleading. She started homeschooling in 2012 after dropping out of public school. In July 2015, she completed high school and received her diploma.
Financial Milestones for Kylie Jenner
Back in November 2011, started keeping tabs on Kylie’s money. It was our best guess at the time that the 14-year-old was worth $300,000. Our budgeted amount was $2,000,000 in June of 2013. Her fortune had risen to $4 million by the middle of 2014. In July 2016, she made her first $10 million. Starting in the middle of 2017, Kylie’s wealth began to increase rapidly.
In June 2017, we estimated her wealth to be $50 million. The sum was increased to $200,000,000 in July 2018. We put her net worth at $300–$400 million in the middle of 2019, a large portion of that is paper riches due to the success of Kylie Cosmetics. By the end of 2020, Kylie’s wealth was estimated at $650 million; by the end of 2021, it had increased to $700 million.
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What’s Kylie Jenner Net Worth?
American model, reality TV celebrity, and cosmetics mogul Kylie Jenner. Kylie Jenner is worth $750 million. Kylie typically brings in between $40 and $100 million per year from her many projects.
Kylie Cosmetics is responsible for the bulk of Kylie Jenner’s wealth. As of the month of November this year (2019), Kylie has made a $600 million sale to Coty Inc. for 51% of her business. With a total enterprise worth of $1.2 billion. The market value fell sharply in the months following the deal. With taxes deducted, Kylie made somewhere around $340 million from the transaction, but her 45% share of the company is now worth much less. During the 12 months that included the transaction, Kylie dropped $130 million on multiple residences and a private jet.
Kylie Jenner was officially named a billionaire by Forbes on November 18, 2019. Forbes reported her as a billionaire after she sold 51% of her cosmetics company to Coty Inc. for $600 million, valuing the business at $1.2 billion. Coty Inc. is a cosmetics company that has been having financial difficulties as of late. For the foreseeable future, Kylie will continue to represent the company in public. According to Forbes, the deal supposedly valued her remaining 49 percent at $588 million.
Coty, the parent company of Clairol and OPI nail polish, has seen sales decline and managerial churn in recent years. Since 2016 when it bought a dozen cosmetics brands from Procter & Gamble, the stock price of the European corporation managed by the investment firm JAB Ltd. has dropped by half.
She managed to talk Coty Inc. into paying a staggering 27X multiple of profits, valuing the company at $1.2 billion.
Just so you know, Facebook is trading at 26 times earnings. The current price-to-earnings ratio for Procter & Gamble is 24X. Coty is valued at 18 times its annual profit.
Kylie can expect to keep roughly $300 million after paying taxes on the $600 million gain from the sale. Not knowing how $600 million has been structured prevents us from saying for sure at this time. How much of the transaction involved cash? Stock? Neither, nor, but a combination of the two? These concerns are crucial to understanding her tax liability and the final amount she will net from the transaction. In addition, the purchase is not expected to finalize until the third quarter of 2020, according to Coty.
Accurate Projection of Kylie Jenner’s Wealth
For a long time, we have been dubious of reports that Kylie is wealthy. In the middle of 2018, we guessed that she was valued between $150 and $200 million. Forbes said in July of that year that Kylie was worth $900 million and on course to become the youngest self-made billionaire in the world because of the success of her cosmetics line. As soon as we both saw the same statistics, we realized they were probably completely fabricated. Consequently, we released the following on the same day that Forbes published their article:
Despite what certain clickbait headlines might have you believe, Kylie Jenner is not worth $900 million.
The value of Kylie’s cosmetics empire was estimated at $800 million in a 2018 Forbes article. The story stated that Kylie’s business made $307 million in revenue in 2016, and $330 million in revenue and $100 million in profit in 2017. In addition, the paper noted that Kylie Cosmetics’ sales had plateaued. In reality, 2017’s total revenue climbed by only 7%, coming in $70 million lower than forecast in the middle of the year. And sales of her lip kit were down 35% year over year.
At the time, we believed that a multiple of 4 times earnings would have been more appropriate, resulting in a valuation of the company of $400 million. After paying taxes, she would have received almost $260 million as the sole owner. We, therefore, estimated Kylie’s true net worth to be between $300 and $400 million as of July 2018.
A closer look reveals that we were all incorrect above.
Sale at Coty
Not that Kylie didn’t make a killing on the deal with Coty, either. However, Forbes acknowledged in their statement that Kylie did not have all ownership rights to the company at the time of the transaction. Kris Jenner appears to have owned at least 10%.
Kylie has divested 50% of her original 90% ownership for $1.2 billion. Kylie would have received about $340 million in post-tax cash from the acquisition if it had been an all-cash transaction, and she would have retained a paper 45% share in the brand.
Kylie Jenner’s Early Accomplishments and Recognition
The “Crush Your Style” range from Sears was the catalyst for Kylie Jenner’s successful modeling career. Several magazines, including OK! and Teen Vogue, have featured photo shoots with her. During New York Fashion Week in September 2011, Kylie Jenner first walked the runway. The family was sitting front and center, supporting their nervous little sister.
This little princess wore a black ballerina-style dress by Abbey Dawn and strutted down the runway with confidence, despite her obvious nerves. Like her older sister Kendall, Jenner became a model and soon began working for companies like White Sands, an Australian swimwear designer. In 2010, Jenner and her older sister appeared in a People magazine piece on attractive people.
During their time in Los Angeles, Kylie and Kendall hosted red-carpet events for both Glee: The 3D Concert Movie and The Twilight Saga: Breaking Dawn — Part 1. At the March 12, 2012, premiere of The Hunger Games, they also did an interview in the Bing Box. Both Kylie and Kendall made $100k in 2013 to promote Nicole by OPI nail polishes. Kendall and Kylie have also published a science fiction story called Rebels: City of Indra, about two girls who gain abilities and go on an adventure.
Kylie made her acting debut in a trailer for the 2014 Much Music Video Awards, which she and Kendall co-hosted. Kylie debuted her range of Steve Madden handbags in 2014. She signed on with the skincare business Nip + Fab as their official brand ambassador in March 2015. Kylie and Kendall Jenner collaborated with the British clothing brand Topshop to release a line of apparel in June 2015. Kylie joined the PUMA family in 2016, serving as the brand’s new face. Kylie and an Australian firm called Quay Australia released a range of sunglasses in 2017.
Introducing Kylie Cosmetics
Kylie has amassed huge wealth for herself as a result of her successful cosmetics business. In August 2015, she released her debut product: a series of lipsticks. The Kylie Lip Kit became an overnight sensation. In September 2015, she released a custom website and mobile app.
Final Lines
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