Kylie Cosmetics Net Worth
The Kylie Cosmetics Net Worth is predicter to hit $1 billion by January 2021. The company, founded by Kylie Jenner, is extremely popular on social media sites including Snapchat and Instagram. The company has partnered with other celebrities like Kim and Kourtney Kardashian and has won numerous beauty awards. It was only 18 months ago that the company was value at $420 million. Kylie has also sold 51 percent of her company to Coty, and has a three-year-old daughter with rapper Travis Scott.
Kylie Cosmetics became the world’s youngest “self-made” billionaire at the age of 21
Forbes magazine has named Kylie Jenner, the founder of Kylie Cosmetics Net Worth, the world’s youngest self-made billionaire. The magazine valued Jenner’s makeup company at a reported $900 million last year, making her worth a reported $1 billion. However, the publication’s article stated that the entrepreneur is not actually a billionaire and is intentionally exaggerating her company’s profitability.
In Forbes’ annual report on self-made billionaires, Jenner ranked third among those who are able to produce more than $1 million a year. Despite having little financial experience, she has mastered the art of selling products. She was introduced to the world as a teen on the popular television show Keeping Up with the Kardashians, and later gain huge amounts of public recognition for her company’s products.
While Jenner is the youngest “self-made” billionaire in history, she has an impressive track record of success. In March of this year, she officially sold 51 per cent of her cosmetics line to Coty Inc. for a reported $600 million. The sale has increased the company’s value to $1.2 billion. The announcement was met with widespread criticism, but Jenner is confident in her success.
The company’s popularity has reached unprecedented heights, as the founder of Kylie Cosmetics has become the world’s youngest “self-made billionaire” at just 21. Jenner has earned over $175 million dollars in two years as a makeup and fashion empire. She is a social media whiz with over 175 million followers and millions of followers.
While Jenner has been busy building her empire, she is also accumulating a fleet of high-end cars. Her 16th birthday gift was a US$225,000 Mercedes-Benz G-Wagon, which she wrapped in a flashy orange cover. She matched the car with her US$400,000 Lamborghini Aventador. On her 19th birthday, Jenner bought a one-of-a-kind Land Rover. The company owns several Ferraris, including a four-wheel-drive Ferrari 488. She also gifted her mother a Ferrari 488 and a $200,000 Porsche Cayman GT.
The wildly successful business model of Kylie Cosmetics Net Worth Lip Kits sparked a fear of missing out among consumers. Her lip kits sold out in less than a minute! The company website crashed. However, Kylie Jenner’s online store uses Shopify, a company that also runs the shops of Justin Bieber and Drake. Kylie doesn’t have to worry about her business’s finances as her mother, Kris Jenner, takes care of all of the financial aspects of her company.
She sold 51 percent of her company to Coty
Although the deal seems like a win-win for Coty and Kylie Jenner, it does come with some risks. Jenner will retain her 49 percent ownership of the company, and the deal will allow her to continue reaping profits. The deal will benefit the companies in many ways, including Coty being able to use Kylie’s worldwide fame.
Jenner will still be the public face for CoverGirl, but will now be responsible for a new company. Coty is also responsible for brands like MaxFactor and Clairol. Despite its troubled past, Jenner’s beauty company is worth $1.2 billion on paper. Despite the difficulties that the company has faced, Jenner was able to persuade Coty to purchase her remaining 49 percent of the company. Coty will now expand Kylie into more categories and increase its revenue.
Jenner has become the youngest self-made billionaire ever. Forbes has estimated that Kylie Jenner’s brand has generated $400 million in revenue in its first 18 months. If Jenner’s company had been valued at $600 million, she would have been worth $1. However, her sale to Coty has significantly increased her net worth to over two billion dollars.
After the sale, Jenner will be leading Coty’s communications initiatives. Coty will use Kylie’s 270 million social media following to boost its sales. In addition to Kylie’s new role as the face of Coty, Jenner will continue to create new products for the company and be involve in its creation. Coty hopes to tap into her cult following to create a more youthful-oriented product line.
According to Forbes, Kylie Jenner is now a billionaire after selling 51 percent of her company to Coty. The makeup conglomerate owns brands such as CoverGirl, Max Factor, and Clairol. Jenner’s remaining 49% stake was value at about $588 million. This is the highest value of a private company – it’s not surprising that Jenner is the face of such a brand.
She has a skincare line
One of the best-known makeup vloggers, Kylie Jenner, has a net worth of more than $41 million a year. During her 10-year run on the reality TV show Keeping Up with the Kardashians, Kylie made millions from endorsements and sponsored Instagram posts. In 2018, she sold 51 percent of her business to Coty for $1.2 billion. Now, she’s making even more money with a skincare line.
Along with the cosmetic line, Kylie Jenner is working on a fragrance brand. Her sister, Kim Kardashian, has teamed up with her to create a fragrance line that is due to be released in May 2019. Her new skincare line, Kylie Skin, includes face washes, scrubs, moisturizers, and makeup-removing wipes. In addition to the skincare line, Kylie Jenner has also launched a clothing line called Kendall + Kylie.
Known for her controversial controversies, Kylie has launched her own organic skincare line, Kylie Skin. The line boasts vegan ingredients and doesn’t contain parabens or sulfates. Her skincare line is also endorse by Adidas, and reports say she was paid a seven-figure sum to be an Instagram ambassador. A new skincare line from Kylie Jenner’s empire is sure to become a huge hit.
Jenner’s skincare line will likely make more money than her makeup line, based on sales projections. She has already signed lucrative endorsement deals with Puma, Fashion Nova, and Gucci. According to one D-Marie Analytics study, one Instagram post by Jenner is worth $1 million in advertising. Moreover, her skincare line is already sold worldwide. And it’s not surprising that she has a net worth of over $1.2 billion.
The skincare line Kylie Jenner created has helped the brand grow to a multi-billion-dollar company. It has sold more than half of its product line, earning Kylie Jenner $170 million in the past year alone. She is the second-highest paid celebrity in the world. Her net worth has just skyrocketed, surpassing that of the first-placed Kardashian. This makes Jenner one of the highest-paid celebrities of 2019.
She has a 3-year-old daughter with rapper Travis Scott
The three-year-old daughter of Kylie Jenner and rapper Travis Scott is named Stormi and was born on February 1, 2019. In a 12-minute video, the entrepreneur announced the birth of her baby. Despite the publicity surrounding the couple, they continue to be private. In September, they gifted Stormi a $60,000 choker. Travis Scott and Kylie have matching butterfly tattoos and post pictures of their daughter on social media.
Earlier this year, the mother of Stormi was spotter wearing maternity clothes at her son’s birthday party, while her husband is displaying a baby bump in a revealing Instagram video. After announcing her second pregnancy, Travis Scott expressed his happiness by dropping heart icons. In 2017, the couple made their relationship official and welcomed their daughter, Stormi Webster, on February 1, 2018. Though they broke up a few months later, they still are involve in the child’s life.
In December 2018, Travis and Kylie Jenner were in Atlanta to attend the Super Bowl Halftime Show. Although Travis wasn’t proposing during the performance, he has been hinting at a reunion. In December, she posted a photo of herself backstage at the Super Bowl in a cute cropped fur coat and wearing a giant diamond ring. However, there’s no concrete evidence to support these claims.
Travis Scott and Kylie Jenner spent thousands of dollars on Stormi’s nursery. The Bancroft changing table is worth $3,500, while the Hermes backpack costs $12,500. Although the exact amount of their gifts is unclear, Stormi has an expensive collection of designer clothing and luxury handbags. The mother-daughter duo have an open-top Mercedes and a Frozen-themed motorized scooter. She loves to take rides in her little wheels.
The couple became Instagram official in May and have been seen at a number of events together. They are also spotter celebrating Travis’ 25th birthday in New York City and visiting Travis’ family in Houston. Travis and Kylie have also been spotter at a Rockets game and at an after-party. The couple have been together for nearly a month since Stormi was born.