Kylie Jenner is a reality TV star and American model. She is also famous as a cosmetic entrepreneur, and due to these professions, Kylie Jenner Net Worth is approximately $700 million. According to the data and research, she makes roughly $40-100 million a year. Do you want to know how Kylie makes money from her professional career? This article will discuss everything about Kylie Jenner and her net worth. We will also discuss some interesting facts about Kylie. If you don’t know Kylie as she is, we will share factual information about this American model, and you will know her better.
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Kylie Jenner Personal Information:
- The net worth of this American model and cosmetic entrepreneur is around $700 Million.
- Kylie Jenner was born on August 10, 1997, and she turned 24 last August.
- Kylie Jenner is a female American model with a height of 5 ft 8 inches.
- Kylie Jenner’s professional career includes TV star, American model, cosmetic entrepreneur, and writer, and she is from the United States of America.
Kylie Jenner net worth and Income Source:
Most of Kylie Jenner’s income comes from her cosmetic company, known as Kylie cosmetics. Kylie Jenner sold 51% of her company to Coty Inc. in exchange for $600 million in November 2019. It made her company value $1.2 billion. The company keeps growing, which makes Kylie more prosperous. Kylie earned a net profit of $340 million after paying taxes. Kylie Cosmetics makes a significant profit yearly, making Kylie richer than ever.
Kylie Jenner Facts:
Kylie Jenner is the youngest child of Kris and Caitlyn Jenner. Kylie Jenner is the second richest Kardashian/Jenner. The first is her half-sister Kim Kardashian whose net worth is $900 million.
Kylie Jenner founded her Kylie Cosmetics company in 2014. She also launched (The Kylie Lip Kit) in 2015.
From October 2018 to 2019, this cosmetic company earned more than $177 million.
Forbes has identified Kylie Jenner as the youngest self-made billionaire in the world, but it didn’t last long, as, in 2020, Forbes had to rewrite the statement given about this American model. Forbes said that the financial info provided in the opinion of Forbes (for Kylie and Kris) was incorrect. Undoubtedly, Kylie is successful and wealthy, but she is not a billionaire.
Kylie Jenner Expenses:
- Kylie Jenner has paid $36.5 million (Holmby Hills, a Ca Mansion she bought in April 2020).
- Kylie Jenner also purchased a vacant lot in the area of hidden hills, ca. She bought this for $15 million in May 2020.
- Kylie Jenner’s personal Mansion in the Hidden Hills ca is worth $12 million.
Kylie Jenner Early Life:
Kylie Jenner was born in Los Angeles, CA. Kylie is the youngest daughter of businesswoman Kris Jenner and the former Olympic athlete Bruce Jenner. Kylie got an older sister, Kendall Jenner, who is also a model. Her half-siblings are Kim Kardashian, Khloe Kardashian, Brody Jenner, and Kourtney. Kylie debuted with Kardashians at 10 in the longest reality series on October 14, 2007.
Kylie Jenner Is A Billionaire:
No! Kylie is not a billionaire, as we have already discussed in the statement given by Forbes. We already mentioned that the statement by Forbes about Kylie Jenner Net Worth was false because she is a millionaire and her net worth is $700+ million, yet she isn’t a billionaire. However, her company, Kylie cosmetics, is valued at $1.2+ billion, but that doesn’t make Kylie Jenner a billionaire because she doesn’t hold the whole of the company. After all, 51% was sold to Coty Inc.
In 2020 (May 29), Forbes published one retraction article that said Kylie Jenner Net Worth was falsely written in the previous one. That was the official announcement that Kylie Jenner was not a billionaire yet.
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The Truth Behind This Misunderstanding:
Forbes published one article in 2018 that said that Kylie Jenner’s Makeup company, or Kylie cosmetics, was valued at $800 million. In 2016, this article noted that this company generated $307 million of revenue, $330 million in 2017, and the net profit was $100 million. Hence, the article proved that the net revenue generated by Kylie Jenner was not constantly growing because it only grew 7% by 2017, and the profit was not significant.
The above-given information was confusing, and everything was cleared when Forbes published the retraction article in 2020. The report was named “Inside Kylie Jenner’s Web of Lies – And Why She’s No Longer a Billionaire.”
This article proved that the information provided earlier we false, and all the magazines, headlines, and covers did not include the truth behind Kylie Jenner Net Worth.
The article said that the net revenue of Kylie cosmetics was $177 million as per the Coty Reports, but it wasn’t as per the expectations and estimations. But Coty said they had seen an increase in sales by 40% from 2018. But still, the business only generated $125 million in that year. It is far from the $360 million Kylie Jenner had made Forbes believe.
Kylie Jenner Early Career Success/Endorsements:
Kylie Jenner successfully started her modeling career with the Sears clothing line “Crush Your Style.” Kylie Jenner worked on many photo shoots for many publications le. Ok! Magazine, Teen Vogue, and others. In September 2011, Kylie Jenner made her first catwalk in New York’s fashion week, and do you know that her family members were present in the front row? They cheered Kylie to Kill her nervousness, but her attitude was the most impressive part of her career. She might have been nervous for some time, but she didn’t even let anyone realize she was nervous and not comfortable on her first catwalk. Of course, she followed her Older Sister, Kendall Jenner, in her modeling career and became as successful as her sister was.
Kylie Jenner made some successful modeling gigs for various companies like Australian Swimwear Designer White Sands. In 2010, Kylie Jenner appeared in a people magazine’s beautiful people article, accompanied by her older sister. These gorgeous chicks had hosted red carpet events for Glee: The 3D Concert Movie, The Twilight Saga’s Breaking Down Part 1, and others in Los Angeles.
Kylie Jenner & Kendall Jenner Interview:
These sisters had interviewed for the Bring Box at the Hunger Games premiere on March 12, 2012. These sisters made $100,000 for endorsing some nail lacquers, Nicole By OPI, in 2013. These sisters had released one SciFi novel, Rebels: City of Indra. It was a story of two girls with superpowers going on a journey. These girls also co-hosted (the 2014 Much Music Video Awards).
Kylie Jenner Acting Career:
Kylie Jenner Net Worth is also a result of her tremendous hard work in her professional acting career. Kylie Jenner made her debut in acting by working on a promo for one TV show. In 2015, Kylie became the brand ambassador of the Skincare Company Nip+Fab. These sisters also became the new faces of Puma in 2015.
Kylie Cosmetics:
There is no question that Kylie Jenner’s net worth mostly depends on Kylie cosmetics, which has completely changed her fortune forever. She believes that the cosmetic empire built by Kylie Jenner was the best decision she made. It gave her an understanding of real success in her life.
Kylie Jenner Real Estate Investment:
Some of the real estate investments are parts of Kylie Jenner Net Worth. Kylie Jenner and Kendall Jenner have bought, sold, and dealt with several Houses and properties in southern California. She lives in her eight-bedroom and eleven-bathroom, cape code style mansion in Hidden Hills, California. It cost her $12 million.
Kylie Jenner Net Worth Year By Year:
If you want to describe Kylie Jenner’s Net Worth briefly and how it grew year by year, read the following bulletins, and you will understand everything about her success.
Currently, Kylie Jenner’s Net Worth is $700 million as per the reports of 2020. Let’s discuss it from the start.
- In 2011, Kylie Jenner’s Net Worth Was $300K
- In 2013, Kylie Jenner’s Net Worth Was $2000K
- In 2014, Kylie Jenner’s Net Worth Was $4000K
- In 2016, Kylie Jenner’s Net Worth Was $10000K
- In 2017, Kylie Jenner’s Net Worth Was $50000K
- In 2018, Kylie Jenner’s Net Worth Was $200000K
- In 2019, Kylie Jenner’s Net Worth Was $300000K
- In 2020, Kylie Jenner’s Net Worth Was $700000K
Wrapping Up:
Did you understand how Kylie Jenner Net Worth increased gradually? We discussed that Kylie Jenner is not a billionaire because Forbes has misconceptions about her net worth due to the misleading statement. That’s why Kylie Jenner is not a billionaire? Of course, she is a millionaire with a net worth of $700 million.
