Kylie Jenner Net Worth: The full name of Kylie Jenner, an American model, socialite, businesswoman, and television personality, is Kylie Kristen Jenner. From 2007 until 2021, the model appeared in the Keeping Up with the Kardashians reality series on E! In 2014, she founded and became the owner of a cosmetics business called Kylie Cosmetics.
What Is Kylie Jenner Net Worth?
Kylie’s net worth is believed to be $700 million. She makes between $40 and $100 million annually from her various endeavors. Her cosmetics business is the main contributor to her majority income. In November 2019, at a company valuation of $1.2 billion, she sold a 51 percent ownership of her business to Coty Inc. for a payment of $600 million.
But as of May 2020, that value significantly decreased. She undoubtedly made close to $340 million after taxes from the deal, but the value of her 45 percent ownership has drastically decreased. Forbes had dubbed Kylie the “youngest self-made billionaire” in the world, but the claim that she submitted fraudulent financial information caused the term to be amended.
On May 29, 2020, Forbes was forced to publish a retracting article with the heading “Inside Kylie Jenner’s Web of Lies – And Why She’s No Longer a Billionaire.” Finally, Forbes admitted in that article that all of their information was wholly inaccurate. All of their magazine covers and headlines were completely inaccurate and/or based on outright misrepresentations.
This Forbes retractation from May 2020 mentioned: “Next came Kylie’s financial information”. According to the Coty presentation, revenues for the year before the transaction were $177 million, significantly less than the at-the-time-publicized forecasts. Further complicating matters.
Coty reported a 40% increase in sales from 2018, which means the company only made approximately $125 million in revenue that year rather than the $360 million the Jenners had misled Forbes to expect. According to Kylie’s representatives, her skincare line, which debuted in May 2019, generated $100 million in sales in its first six weeks.
In fact, according to the documents, the line was “on course” to end the year with only $25 million in sales. In addition, Forbes stated, “Data from e-commerce giant Rakuten, which records a small number of receipts, reveals that Kylie’s online sales decreased by 62% between 2016 and 2018.”
The firm was never that huge, to begin with, and the Jenners have lied about it every year since 2016—including having their accountant prepare tax returns with fictitious figures—to boost Forbes’ estimations of Kylie’s profits and net worth. It is obvious that Kylie’s camp has been lying, even though we are unable to establish that those documents were fabricated.
She currently lives in a big estate with eight bedrooms and eleven bathrooms in Hidden Hills, California. That mansion was bought by Jenner in 2016 for $12 million.
Kylie Jenner Early Life
Kylie Jenner, the youngest child of Caitlyn Jenner and Kris Jenner, was born in Los Angeles, California, on August 10, 1997. Her mother is a television personality and an entrepreneur, while her father, Bruce Jenner, is a former Olympic decathlete champion. In addition, she has eight older half-siblings and one older sister named Kendall Jenner.
She attended Sierra Canyon School, where she was a cheerleader for the school. She claims that while she was in school, she participated in plays, especially community performances. She decided to homeschool in 2012, was accepted into a program in July 2015, and graduated from Laurel Springs School in Ojai, California, with a high school diploma in May 2016.
Kylie Jenner Career
Jenner’s modeling career started with the “Crush Your Style” clothing line from Sears. Later, she participated in numerous photo sessions for magazines like Teen Vogue and OK! Jenner made her catwalk debut at New York Fashion Week in September 2011. Her family members watched the performance and supported their eldest sister.
Although she may have been anxious because it was such an important and momentous occasion for her, she just controlled her expression and won the catwalk wearing Abbey Dawn’s black ballerina-style costume. Following in the footsteps of her older sister Kendall, she was offered numerous modeling chances by numerous businesses, including Australian swimsuit designer White Sands.
2010’s “beautiful people” issue of People magazine featured Kylie Jenner and her older sister. She and Kendall co-hosted red-carpet events in Los Angeles for The Twilight Saga: Breaking Dawn – Part 1 and Glee: The 3D Concert Movie.
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This sister team conducted an interview in the Bing Box at the Hunger Games premiere on March 12, 2012. In 2013, Kylie Jenner and her older sister Kendall earned a combined $100,000 from promoting the Nicole by OPI line of nail polishes. Rebels: the City of Indra, a science fiction book about two girls with superpowers who embark on an adventure, was also published by both of them.
Kylie made her acting debut in a Much Music Video Awards commercial in 2014, when she co-hosted the event with her sister Kendall. She debuted a line of handbags for Steve Madden that same year. In March 2015, Kylie was chosen as the brand ambassador for the cosmetics company Nip + Fab. Kylie and Kendall launched a clothing line with British clothing retailer Topshop in June of the same year.
She was named the brand’s new face in 2016. She launched a line of sunglasses with an Australian firm called Quay Australia the next year.
Kylie Jenner Personal Life
When Jenner turned eighteen, she began dating Tyga, and they later announced their relationship publicly. Later, they both appeared in Tyga’s “Stimulated” and “Dope’d Up” music videos. In April 2017, the couple divorced. She made her Coachella debut with Travis Scott in April 2017, and on February 1, 2018, they welcomed their first child.
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— Kylie Jenner (@KylieJenner) May 23, 2022
Their daughter was given the name Stormi Webster. Later, she made a cameo on Scott’s third studio album Astroworld’s song “Stop Trying to Be God” music video. Kylie and Scott split up in September 2018, but they quarantined together for their daughter during the coronavirus epidemic.
Eventually, they were able to work things out, and they later revealed they were expecting their second child. Wolf Webster was born to Jenner and Scott on February 2, 2022.
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Jessa Martin is the author of Nogmagazine, A professional in writing by day, and novelist by night, she received her bachelor of arts in film from Howard University and her master of arts in media studies from the New School. A Brooklyn native, she is a lover of naps, cookie dough, and beaches, currently residing in the borough she loves, most likely multitasking.