Kylie Jenner’s Net Worth
When the youngest KarJenner sibling, Kylie Jenner, first appeared on the hit reality show Keeping Up With The Kardashians in 2007, no one could have predicted she would become the beauty mogul she is today. Kylie has built her cosmetics empire through hard work, persistence, and an entrepreneurial spirit.
Kylie Jenner is an American media personality, socialite, and founder of the successful cosmetics company Kylie Cosmetics. She gained fame starring in the reality show Keeping Up with the Kardashians alongside her famous family members. While reality TV may have kickstarted her career, Kylie’s business drive and marketing genius have allowed her to amass an unbelievable net worth of over $700 million at just 26 years old.
Kylie Jenner’s Bio
| Category | Details |
| Born | Kylie Kristen Jenner |
| Date of birth | August 10, 1997 |
| Occupations | Media personality, socialite, businesswoman |
| Years active | 2007–present |
| Known for | Founder of Kylie Cosmetics |
| Partner | Travis Scott |
| Children | 2 |
| Parents | Caitlyn Jenner, Kris Jenner |
| Relatives | Kardashian family |
| Net Worth | $750 million |
Early Life in the Spotlight
Kylie Kristen Jenner entered the world on August 10, 1997, at Cedars-Sinai Medical Center in Los Angeles, California. She grew up alongside her famous siblings and parents in the exuberant shadow of Hollywood’s elite.
Her father is Bruce Jenner, the 1976 Gold Medal-winning decathlete who later came out as a transgender woman named Caitlyn. Her mother is Kris Jenner, widely hailed as the “momager” and mastermind behind the KarJenner empire. Between them, Kylie has enough siblings for two basketball teams!
Kylie’s Early Business Ventures
Before Kylie Cosmetics came to fruition, she demonstrated her tenacity and determination to succeed in business. Kylie secured various licensing deals and partnerships from 2012-2015, capitalising on her family’s fame and social media presence.
Rise to Fame as a Beauty Mogul
By 2015, Kylie Cosmetics was born. Kylie cleverly rode the waves of the “lip kit” craze and launched massively oversubscribed lip liners with matching lip glosses. Droves of adoring fans faced website crashes and products selling out within minutes of launching.
Kylie relentlessly promoted the business on social media, showcasing her signature plump pout and reaching over 100 million followers on Instagram alone. Her products and famous lips became nearly synonymous. As the lip kits flew off virtual shelves, Kylie rapidly expanded her product lineup to include eyeshadows, blushes, and an array of colourful cosmetics.
By 2016, she had rebranded to Kylie Cosmetics to reflect the diversity of offerings. The company has collaborated with Kylie’s siblings on limited-edition releases, generating further hype. Unique product designs like the birthday collection became some of the brand’s best-selling items.
Coty Deal Cements Billionaire Status
As Kylie Cosmetics sales vaulted from $307 million in 2016 to over $360 million in 2018, big beauty corporations came calling. Industry giant Coty Inc. acquired a 51% majority stake in Kylie Cosmetics in November 2019, instantly valuing the company at $1.2 billion.
The deal paid Kylie an astonishing $600 million upfront for forfeiting company control and paid out additional earnings in the future. Forbes declared her the world’s youngest self-made billionaire at 21 years old, though family connections undeniably gave Kylie early publicity.
Kylie Jenner’s Current 2023 Net Worth
Celebrity Net Worth and Forbes estimate Kylie Jenner’s net worth to be approximately $750 million as of January 2023.
Here is the breakdown of her income streams:
- 49% ownership share of Kylie Cosmetics valued at $600 million
- Remaining profits and royalties from the Coty Inc. deal
- Endorsement deals with beauty and fashion brands
- Appearance fees, reality show paychecks, and investments
At just 25 years old, Kylie could easily clear 10 figures in the next year, officially entering billionaire status. Her business success and wealth level are staggering for someone under 30.
Conclusion
At just 26 years old, Kylie Jenner is already a hugely successful businesswoman with an incredible personal net worth surpassing over $750 million. With Kylie Cosmetics valued at over $1.2 billion and her company stake comprising the bulk of her fortune, Kylie is on the brink of billionaire status, if not already there. For plans, Kylie aims to continue expanding her business empire. While TV fame may have launched her career, Kylie’s unrelenting drive, creative vision, and business savvy have allowed her to achieve such staggering financial success. Her entrepreneurial accomplishments show no signs of slowing down either. Expect Kylie Jenner’s net worth and list of business ventures to continue ballooning for decades to come.
FAQs
What is Kylie Jenner’s current net worth?
Forbes estimates Kylie Jenner’s net worth is $750 million as of November 2022. She built her fortune through her cosmetics empire, endorsements, and appearances.
How much did Kylie make by selling 51% of Kylie Cosmetics?
In November 2019, Kylie sold a 51% stake in her company to beauty conglomerate Coty Inc. for $600 million. This valued the entire business at over $1.2 billion.
Is Kylie a self-made billionaire?
While from a famous, wealthy family, Kylie has built her business largely independently. She owns 100% of it, started it from the ground up, and remains closely involved in product development and marketing strategy. Her hands-on leadership constitutes being self-made, per most experts.
How does Kylie make most of her money?
The bulk of Kylie’s net worth and income comes from her remaining 49% ownership stake in Kylie Cosmetics. The Coty sale and ongoing profits contribute significantly to her mega fortune.
