The Kardashian-Jenner clan is everywhere on the screen in the United States. Actually, it is not limited to the United States, but around the world. They are definitely so good at finding a way into everyone’s life. The whole entertainment industry, as well as some other industries, has been dominated by them. By being everywhere, they obviously have made tons of money. Kylie Jenner was reportedly the youngest billionaire ever, but is the report true? How much does she worth?
Kylie Jenner net worth
The wealth of Kylie Jenner was just started to be tracked by Celebrity Net Worth in November 2011. In 2011, Kylie had an estimated net worth of $300. In June two years later, the number increased to $2 million. By just a year, her net worth had doubled to $4 million. She reached the $10 million milestone in July 2016. The mid 2017 was the time when her net worth started to sky rocket. In June 2017, she had a net worth of $50 million. A year later, her net worth was at $200 million. As per 2019, her wealth raised to $300-$400 million, which mostly came from the Kylie Cosmetics.
Is Kylie Jenner considered as a billionaire?
In November 2019, Forbes named Kylie Jenner a billionaire. According to Forbes, she earned the billionaire status after selling more than a half of the stock (51%) of her company, Kylie Cosmetics, too Coty Inc. for $600 million, making her company’s value to be at $1.2 billion.
For those who have no idea about Coty Inc. this one refers to the one that has a few brands such as MaxFactor and CoverGirl. The company is currently having a hard time. Even though it acquired Kylie Cosmetics, there is no change when it comes to the face of the brand. It is said that Kylie will still the face of the brand. Forbes stated that this deal was based on her ownership of 49% stock at $588 million in the company.
In addition to MaxFactor and CoverGirl, the European based company named Coty Inc. also the owner of Clairol and OPI nail polish. As stated before, this one has struggled in recent years with lagging revenue and executive turnover. Right now, it is controlled by an investment firm named JAB Ltd. Apparently, its stock price has been cut in half since 2016 after acquiring a lot of cosmetics brands from Procter & Gamble.
As Kylie Cosmetics has an estimated net worth of $1.2 billion, Kylie convinced Coty Inc. that the company that earn up to 27x multiple of profits. As the comparison, Facebook currently trades at 26x profits, Coty Inc. trades at 18x profits, while the Procter & Gamble trades at 24x profits.
Kylie’s total earnings of $600 million excludes the taxes. When it is cut by the taxes, the only thing left will be around $300 million. Actually, it is still unknown as it is not clear how the total of $600 million has been structured. There is no information whether it is in the form of cash, stock, or in the form of both.
In themed of 2020, Forbes released a shocking news saying that they released the wrong information about the net worth of Kylie Jenner before. They said that all the numbers on the previous report were all false. In addition, they said they got the number from the accountants related to Kylie. On the other words, Kylie’s accountants did the calculation.
Everything was a clickbait. Forbes admitted that all of their headlines and magazine covers were based on lies and incorrect thing. While the report was proven to be untrue, it does not mean that Kylie Jenner did not make a dozen of money after selling the stock of her company to Coty Inc.
In the report, Forbes pointed out that Kylie was not the full owner of Kylie Cosmetics, meaning she did not own 100% stocks. Actually, Kris Jenner was the owner of at least 10%. Apparently, the youngest in the family sold half of her 90% stock at a $1.2 billion valuation. If the deal was in the form of all cash, the girl would have gotten about $340 million after the taxes from the deal while she still owns a 45% of the stock.
The number is actually not that good for both Kylie Jenner and Coty Inc because the sale has not considered as good as the stock price of the parent company. In just a half year after the deal, the stock of Coty Inc is decreased 60% due to the news that says they overpaid for Kylie Cosmetics.
Kardashian and Jenner family net worth
Kylie Jenner ranks second among the Kardashian-Jenner when it comes to the wealth. She is only lost to her sister Kim Kardashian. As reported by Forbes, Kim is officially billionaire. Her fortune mostly come from her businesses, KKW Beauty, and Skims. Aside from these, the business magazine also cited that some other contributors are her popular reality show, endorsement deals, and a lot of other small investments.
If you are into the Kardashian-Jenner family, here is the full list of their net worth:
- Kim Kardashian: $1 billion
- Kylie Jenner: $700 million
- Caitlyn Jenner: $100 million
- Kris Jenner: $190 million
- Khloe Kardashian: $50 million
- Kourtney Kardashian: $45 million
- Kendal Jenner: $45 million
- Scott Disick: $40 million
- Rob Kardashian: $10 million
A few things about Kylie Jenner
- She is the youngest one of Kris and Caitlyn Jenner.
- She is the second richest Kardashian/Jenner clan behind Kim Kardashian.
- She is the founder of Kylie Cosmetics.
- She launches The Kylie Lip Kit in August 2015.
- She sold half of the Kylie Cosmetics’ share to Coty Inc. in November 2019 for $600 m.
- She earned roughly $340 m after taxes from the sale.
- She was named as the youngest self made billionaire in the world by Forbes.
- She was paid $36.5 million for a Holmby Hills, Ca mansion in April 2020.
- She was paid $15 million for a vacant lot in Hidden Hills, Ca in May 2020.