How much is Kylie Jenner Net Worth in 2023?
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|Net Worth:||$750 Million|
|Date of Birth:||Aug 10, 1997 (25 years old)|
|Height:||5 ft 8 in (1.75 m)|
|Profession:||Model, TV Personality, Writer|
|Nationality:||United States of America|
What is Kylie Jenner Net Worth?
Model, reality television celebrity, and businesswoman in the cosmetics industry, Kylie Jenner is an American citizen. The amount of $750 million that Kylie Jenner has in her net worth. Kylie Jenner brings anywhere between $40 and $100 million in a given year from all of her different ventures and businesses.
The company that bears her name, Kylie Cosmetics, is responsible for the vast majority of Kylie Jenner’s wealth. In November 2019, Kylie made a deal with Coty Inc. to sell 51% of her company in exchange for $600 million. The total enterprise is estimated to be worth $1.2 billion. In the months that followed the completion of the transaction, there was a considerable drop in value. After taking into account taxes, Kylie most likely made somewhere about $340 million from the sale of the company, but the value of the 45% stake she still holds in the company has drastically decreased. Kylie spent $130 million over the course of a year, which includes the time she had after the sale to purchase three residences and a private jet.
Kris and Caitlyn Jenner’s youngest child together as parents.
She is the second-richest Kardashian or Jenner behind her older half-sister Kim, who is estimated to be worth $900 million.
Kylie Cosmetics was established by her in 2014.
In August 2015, “The Kylie Lip Kit” was made available to the public.
Between October 2018 and October 2019, Kylie Cosmetics generated a total of $177 million in revenue.
Coty Inc. purchased 51% of Kylie Cosmetics from her in November 2019 for $600 million after the sale.
After accounting for taxes, the deal brought in approximately $340 million.
Kylie Jenner was dubbed the “youngest self-made billionaire in the world” by Forbes at one point.
The prior assertions made by Forbes about Kylie were retracted in May 2020.
Forbes asserted that the financial information that Kylie and Kris had previously provided was inaccurate.
Kylie is highly successful and has amassed a lot of wealth, but she is not a millionaire.
In April 2020, a mansion in Holmby Hills, California was purchased for the price of $36.5 million.
An empty site in Hidden Hills, California was purchased for $15 million in May 2020.
possesses a separate mansion in Hidden Hills, California worth $12 million.
Kylie Jenner Net Worth Milestones
In November of 2011, Celebrity Net Worth began compiling data on Kylie Jenner’s fortune for the first time. When we first met the child, he was just 14 years old, but we assessed that he already had a net worth of 300 thousand dollars. We revised our estimate upwards in June of 2013, bringing it up to $2 million. Her wealth has more than doubled to reach $4 million by the middle of 2014. In July 2016, she became the first person to earn $10 million. Around the middle of 2017, Kylie’s net worth began to rapidly increase. In June 2017, we estimated that her net worth was fifty million dollars. That figure was increased to $200 million in July 2018, when we reported it. We assessed her fortune to be between $300 and $400 million by the middle of 2019, with a large portion of that being paper riches based on the valuation of Kylie Cosmetics. At the end of the year 2020, Kylie’s net worth was $650 million, and at the end of the year 2021, her net worth had increased to $700 million.
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Kylie Jenner came into the world on August 10, 1997, in the city of Los Angeles, in the state of California. She is the youngest daughter that was born as a result of the union between the successful entrepreneur Kris Jenner and the legendary athlete Bruce Jenner (who is known today as Caitlyn Jenner). Her older sister is the model Kendall Jenner, and her half-siblings are Khloe Kardashian, Kim Kardashian, Kourtney Kardashian, and Brody Jenner. Kylie is the youngest of the Jenner sisters. When the first episode of Keeping Up with the Kardashians aired on E! on October 14, 2007, Kylie had just turned 10 years old. The Keeping Up with the Kardashians franchise is now the longest-running reality show in the United States. During the first several seasons of the show, Kylie had the life of a typical pre-teen. She went to school and participated in the school’s cheerleading team. She stopped going to a conventional school in 2012 and started participating in an educational program offered by a home-schooling organization. In July 2015, she graduated from high school and received her diploma.
Is Kylie Jenner A Billionaire?
Forbes magazine announced on November 18, 2019, that Kylie Jenner had reached the status of a billionaire. According to Forbes, she attained the position of billionaire after selling 51% of her cosmetics company to Coty Inc. for $600 million, which resulted in a valuation of the company as a whole of $1.2 billion. Coty Inc. is a cosmetics company that has been having trouble as of late, and it is the owner of well-known brands including CoverGirl and MaxFactor. Kylie Jenner will continue to serve as the brand’s primary public face. According to Forbes, the acquisition placed a value of $588 million on her remaining 49% ownership in the company.
In recent years, Coty has experienced a great deal of difficulty as a result of declining revenue and executive churn. Coty is the parent company of nail paint brands Clairol and OPI. Since 2016, when it purchased a dozen cosmetics brand names from Procter & Gamble, the European-based company that is managed by an investment entity named JAB Ltd. has seen its stock price cut in half. JAB Ltd. is the firm that controls the company.
She was somehow successful in persuading Coty Inc. to pay an unbelievable 27X multiple of profits in order for the company to be valued at $1.2 billion.
Just so you know, Facebook’s stock is currently trading at 26 times profits. Procter & Gamble trades at 24X. In and of itself, Coty trades at 18 times its profits.
Kylie might be left with perhaps in the neighborhood of $300 million following the payment of taxes on the $600 million portion of the transaction. We are unable to provide a definitive answer at this time because it is not yet known how the $600 million will be structured. Were you only paid in cash? Stock? A combination of the two? These considerations have a significant bearing on how she will be taxed and, ultimately, how much money she will net from the transaction. In addition, according to Coty’s projections, the transaction would not be considered fully finalized until the third quarter of 2020.
On May 29, 2020, Forbes issued an article that retracted their prior claims and admitted that all of the numbers that they had provided in the past were inaccurate. figuratively and literally fabricated by Kylie’s financial team.
Since the site’s inception, we at CelebrityNetWorth have viewed claims made about Kylie Jenner’s fortune with a healthy dose of skepticism. In the middle of 2018, we made an estimate that her net worth was anywhere between $150 and $200 million. Forbes published an article in July of that year stating that she was worth $900 million and on track to be the youngest self-made billionaire in the world all based on the stated income and growth of Kylie Cosmetics. The article made these claims based on the growth of Kylie Cosmetics. When we both saw the same numbers, we immediately realized they were almost certainly completely fabricated. Therefore, we released the following on the same day that Forbes made their piece available to the public:
According to the report that appeared in Forbes in 2018, Kylie’s cosmetics brand had a market value of $800 million. According to the information provided in the article, Kylie’s business brought in a total of $307 million in revenue in 2016, $330 million in 2017, and $100 million in profit in 2017. The stagnation of Kylie Cosmetics’ earnings was another point brought up in the aforementioned article. In point of fact, the whole revenue increased by only 7% in 2017, which was $70 million less than what had been expected for the middle of the year. Additionally, year over year, sales of her lip kits were 35% lower than the previous year.
At the time, we were of the opinion that a much more realistic multiple would have been four times the earnings; this would have resulted in a valuation of the entire company at four hundred million dollars. She would have been entitled to approximately $260 million in proceeds after taxes had she been the only owner of the company. As a result, we believed that a sum between $300 and $400 million represented Kylie’s net worth in July of 2018, which was much more reflective of reality.
In point of fact, we were mistaken regarding all that was stated above.
Forbes was compelled to publish a retraction article on May 29, 2020, with the following title:
“Inside Kylie Jenner’s Web of Lies – And Why She’s No Longer a Billionaire” [Traduction libre] “Inside Kylie Jenner’s Web of Lies – And Why She’s No Longer
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That piece is where Forbes makes its long-awaited admission that all of its material was inaccurate. Every each thing All of their magazine covers and headlines were based on lies and/or completely inaccurate depictions of the situation. According to a retraction that appeared in the May 2020 issue of Forbes:
“Then there were Kylie’s business dealings to consider. According to the Coty presentation, the company’s revenues for the preceding twelve months prior to the acquisition totaled $177 million. This figure is far lower than the estimates that were publicized at the time. More troubling is the fact that Coty stated that sales were up 40% from 2018, which means that the company only made approximately $125 million in revenue that year, which is a far cry from the $360 million the Jenners had led Forbes to believe the business generated. According to representatives for Kylie, her skincare brand, which was released in May 2019, generated revenues of $100 million in its first month and a half of business. According to the documents, the line was in fact “on track” to conclude the year with sales of only $25 million.”
Continuing, Forbes said:
“Data from e-commerce giant Rakuten, which tracks a restricted number of receipts, reveals that there was a 62% fall in Kylie’s online sales between the years of 2016 and 2018,”
“The company 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 phony numbers, to assist in boosting Forbes’ estimations of Kylie’s revenue and net worth. The firm was never that big, to begin with. Even if we do not have the evidence to prove that the documents were forged, it is abundantly evident that Kylie’s camp has been spreading false information.”
Sale on Coty
Despite all of this, it is still possible that Kylie made a significant amount of money through her deal with Coty. Despite this, Forbes made it clear in their correction that Kylie did not own a hundred percent of the company at the time it was sold. It would appear that Kris Jenner owned at least 10% of the company. At a valuation of $1.2 billion, Kylie was able to sell 50% of her 90% ownership of the company. Kylie would have received approximately $340 million in cash after taxes from the acquisition if it had been an all-cash transaction. Despite this, she would have maintained her 45% paper interest in the brand.
The stock price of the parent firm has not exactly responded favorably to the transaction, which is unfortunate for both Kylie and Coty. Coty’s shares dropped by sixty percent within the first six months after the acquisition was completed, at least in part due to the announcement that the company had massively overpaid for Kylie Cosmetics and will likely have to write down the value of the brand. That will undeniably lower the market value of Kylie’s 45% share that is still available. The following is a chart of the Coty stock from May 2019 to May 2020:
Take note of the point on the chart that corresponds to November 18, 2019. On that day, the announcement of the Kylie sale was made. The price of a share of Coty’s stock was $12.22. The value of the stock dropped by around 70% over the course of the subsequent few months.
According to estimates provided by investors, the entire market valuation of the company is currently $2.8 billion. That is the overall combined value of dozens of brands, one of which is Kylie Cosmetics, which, as we pointed out, was probably never worth anywhere like $1.2 billion. That figure represents the whole combined value of those brands. Because it is quite possible that Coty will soon be forced to write off a significant portion of the Kylie brand, Jenner’s remaining 45% interest in the company will be rendered worthless as a result.
Early Career Success and Endorsements
The Sears apparel line “Crush Your Style” was the impetus for Kylie Jenner’s meteoric rise in the modeling world. In addition to this, she has been the subject of a number of picture sessions for publications such as OK! Magazine and Teen Vogue. In September 2011, Kylie Jenner made her first appearance on the runway at New York Fashion Week. While their younger sister was participating in the nerve-wracking activity, the family members were present and supporting her from the front row. This little princess may have been anxious, but she didn’t show it as she strolled down the runway wearing a black ballerina-style dress designed by Abbey Dawn. Jenner landed modeling employment for several firms, including Australian swimsuit designer White Sands, following in the footsteps of her older sister Kendall, who was a successful model. In 2010, Jenner and her older sister were both featured in an article titled “Beautiful People” in the magazine People. Each “Glee: The 3D Concert Movie” and “The Twilight Saga: Breaking Dawn – Part 1” had red carpet events in Los Angeles, and Kylie and Kendall were the hosts for both of them. They also conducted an interview in the Bing Box on March 12, 2012, for the world premiere of The Hunger Games. Both Kylie and Kendall were paid a total of one hundred thousand dollars in 2013 for endorsing a range of nail lacquers produced by Nicole by OPI. In addition, Kylie and Kendall have written and published a work of science fiction titled Rebels: City of Indra. The book is about two girls with special abilities who go on an adventure. Kylie Jenner made her long-awaited debut in the acting world in a promotional video for the 2014 Much Music Video Awards, which she and Kendall presented together. In 2014, Kylie debuted a collection of handbags designed in collaboration with Steve Madden. She was named a brand ambassador for the cosmetics and skincare firm Nip + Fab in March 2015. Kylie and Kendall’s clothing line for Topshop, which was released in June 2015, was a collaboration between the sisters. In 2016, it was revealed that Kylie would be the new face of PUMA. Kylie debuted her own brand of sunglasses in 2017 in collaboration with an Australian firm known as Quay Australia.
Because of her successful cosmetics business, Kylie has amassed a huge personal fortune. In August 2015, she launched her debut product, which was a collection of lipsticks. The “Kylie Lip Kit” was a smash hit from the moment it was released. In September 2015, she debuted a specialized website in addition to an app.
Kylie Jenner has gone through the process of buying and selling a number of homes in the Southern California area during the course of her life. At the present time, she is the owner of at least FIVE mansions located in Southern California.
Kylie spent just $170,000 on her first house, which she purchased in Calabasas when she was only 17 years old. Calabasas, California is home to an upscale gated enclave known as The Oaks, where the mansion with an asking price of $2.7 million may be found. In 2017, she received $3.15 million for the sale of this home.
The mansion in Hidden Hills, California, that serves as Kylie’s principal residence at the moment is a Cape Code-style structure with eight bedrooms and eleven bathrooms. In 2016, she paid $12 million for the property in which she currently resides. The property spans 13,000 square feet and contains 11 bathrooms in addition to eight bedrooms.
In May of the year 2020, Kylie spent $15 million on empty land in the Hidden Hills neighborhood of California. She then moved forward with hiring the renowned architect Richard Landry to design a home that was 18,000 square feet in size.
Kylie Jenner made the purchase of her first property in Hidden Hills in May of 2016, for the price of $6 million. The breathtaking mansion has a total of seven baths and six bedrooms, and it sits on a plot of ground that spans around 4.5 acres. After that, at some point, she made the decision to purchase the vacant land directly next door. In September 2018, she sold the mansion for $6.7 million while also receiving $5.35 million for the vacant land. This is a bird’s-eye view of the house taken from a drone:
Kylie Jenner and Travis Scott jointly purchased a home in Beverly Hills, California for a combined price of $13.45 million in the month October 2018.
In February 2019, Kylie spent $3.25 million for an undeveloped parcel of land in La Quinta,
California, that is located within the prestigious Madison Club gated enclave. Several members of Kylie’s family already own properties in this neighborhood.
Holmby Hills: In April 2020, Kylie purchased a mansion in Holmby Hills, California for the price of $36.5 million.
Costs Incurred Each Month
According to a source close to Kris Jenner, Kyle spends $300,000 every month on clothing for both herself and her daughter. This information was reported by the source. Reportedly, she shells out between $300,000 and $400,000 each and every month on auto payments and security.
The previously mentioned properties were purchased in a variety of deals for a total of $80 million, which brings us to our next point. Her annual property tax bill in the state of California is around 1% of the purchase price. This means that Kylie pays the state of California over $800,000 in property taxes on a yearly basis, which comes out to roughly $67k per month.
Private Jet + “Climate Criminal”
According to reports, Kylie purchased a Global Express private jet for the sum of $72 million. She has not been bashful about utilizing the plane, even for flights that are illegally low in duration. After it was discovered that Kylie had used her private jet to fly from Van Nuys to Camarillo, California, a trip that could have taken a half hour by car but only took about 12 minutes to fly, Kylie was given the nickname “Climate Criminal” in the month of July 2022. This was because the trip could have taken a half hour by car but only took about 12 minutes to fly. While everything was going on, she posted a photo on social media with her boyfriend Travis Scott in which they were standing in front of two private jets with the message “You want to take mine or yours?” She was criticized for being “classless” for doing this, and she was called out for it.
Taking into consideration Kylie’s supposed reputation as an environmental activist, critics have been extremely scathing.
In 2017, Kylie began a romantic relationship with the rapper Travis Scott. In February of 2018, they became parents to a girl. Around the middle of 2019, they began living separate lives. Between the years 2014 and 2017, she was previously involved in a relationship with the rapper Tyga.