According to recent estimates, Kylie Jenner’s net worth is anticipated to reach an impressive $750 million by 2023. Born into the high-profile Kardashian-Jenner clan, Kylie has successfully leveraged her fame and business acumen to build a substantial fortune. The lion’s share of her net worth stems from her popular brand, Kylie Cosmetics. In 2019, she sold a majority stake in the company, netting around $340 million after taxes, and continues to see significant earnings from her remaining stake.
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Summary of Kylie Jenner Net Worth 2023
|Net Worth:||$750 Million|
|Date of Birth:||Aug 10, 1997 (26 years old)|
|Profession:||Model, TV Personality, Writer|
|Source of Wealth:||Kylie Cosmetics, Reality TV, Endorsements|
Kylie Jenner: The Young Entrepreneur
Born into the spotlight, Kylie Jenner has successfully harnessed her fame to establish a lucrative career. She started as a reality TV star, but quickly ventured into entrepreneurship with her brand, Kylie Cosmetics.
WE’RE LIVE WITH ALL NEW LAVENDER PRODUCTS AT https://t.co/DbSy7Ahhza! i couldn’t wait to share these with you guys.. some of my favorite formulas in the most beautiful scent. i hope you enjoy ? @kylieskin pic.twitter.com/cfT46eQMgs
— Kylie Jenner (@KylieJenner) May 23, 2022
The Rise of Kylie Cosmetics
Launched in 2014, Kylie Cosmetics quickly became a household name. The company’s value skyrocketed following a deal with Coty Inc. in 2019, which saw Kylie selling 51% of her company for $600 million.
Kylie’s Earnings Post-Coty Deal
Following the Coty deal, Kylie’s earnings saw a significant boost. She reportedly pocketed around $340 million after taxes from the sale. However, the value of her remaining 45% stake has since declined.
Kylie’s Spending Habits
Known for her lavish lifestyle, Kylie reportedly spent $130 million in the 12 months following the Coty deal. This included the purchase of several mansions and a private jet.
Kylie’s Other Ventures
Outside of Kylie Cosmetics, Kylie earns a substantial income from other ventures. These include her reality TV appearances, endorsements, and other business ventures.
Is Kylie a Billionaire?
Despite Forbes once crowning her the “youngest self-made billionaire”, it was later revealed that this title was based on inflated figures. Currently, Kylie’s net worth is estimated to be $750 million, falling short of the billionaire mark.
Despite the controversies surrounding her billionaire status, Kylie Jenner’s net worth is undeniably impressive. With her entrepreneurial spirit and business ventures, she continues to be a significant player in the entertainment and cosmetics industry.
- What is Kylie Jenner’s net worth in 2023?
As of 2023, Kylie Jenner’s net worth is estimated to be $750 million.
- What is the primary source of Kylie Jenner’s wealth?
The primary source of Kylie’s wealth is her cosmetics brand, Kylie Cosmetics.
- Did Kylie Jenner sell Kylie Cosmetics?
Yes, Kylie sold 51% of Kylie Cosmetics to Coty Inc. in 2019 for $600 million.
- Is Kylie Jenner a billionaire?
No, despite previous reports, Kylie Jenner is not a billionaire. Her current net worth is estimated at $750 million.
- What other sources of income does Kylie have?
Aside from Kylie Cosmetics, Kylie earns income from her reality TV appearances, endorsements, and other business ventures.
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