What is Kylie Jenner’s Net Worth?
Kylie Jenner, a model, reality television star, and cosmetics entrepreneur, has a net worth of $750 million. In a year, she earns between $40 million and $100 million from her various endeavors.
The majority of Jenner’s net worth comes from Kylie Cosmetics, which she sold 51% of to Coty Inc. in November 2019 for $600 million, valuing the company at $1.2 billion. However, the value of her remaining 45% stake has since decreased significantly.
Despite this, Jenner spent $130 million on several mansions and a private jet in the 12 months following the sale, and she definitely earned around $340 million after taxes from the sale.
Kylie Jenner’s Net Worth Growth
Celebrity Net Worth began tracking Kylie Jenner’s wealth in November 2011 when she had a net worth of $300 thousand. By mid-2014, her net worth had doubled to $4 million. In July 2016, she first crossed $10 million. In June 2017, her net worth was estimated at $50 million, and in July 2018, it was raised to $200 million. In mid-2019, her fortune was estimated at $300-400 million, largely based on the value of Kylie Cosmetics. She ended 2020 with a net worth of $650 million, and in 2021, her net worth reached $700 million.
Kylie Jenner’s Early Life and Family
Kylie Jenner was born on August 10, 1997 in Los Angeles, California. She is the youngest daughter of Kris Jenner and Bruce Jenner (now Caitlyn Jenner) and has an older sister, Kendall Jenner. Her half-siblings include Kim Kardashian, Kourtney and Khloe Kardashian, and Brody Jenner. Kylie was just 10 years old when Keeping Up with the Kardashians debuted on E! on October 14, 2007.
For several years, Kylie was a regular pre-teen who attended school and was a member of the cheerleading team. In 2012, she left traditional school and began attending a home-school educational program. She earned a high school diploma in July 2015.
Kylie Jenner’s Billionaire Status Retracted by Forbes
In May 2020, Forbes retracted its previous claim that Kylie Jenner was a billionaire. The magazine had initially claimed that Jenner achieved billionaire status after selling 51% of her cosmetics company, Kylie Cosmetics, to Coty Inc. for $600 million in 2019. However, Forbes later admitted that the numbers reported were false and had been made up by Jenner’s accountants. The retraction article also claimed that Jenner and her team had gone to “unusual lengths” to present her wealth and business success in the best possible light, including allegedly forging tax returns.
The controversy surrounding Jenner’s wealth and Forbes’ reporting has raised questions about the reliability of celebrity net worth estimates and the role of social media and branding in shaping public perceptions of wealth and success.
Kylie Jenner’s Net Worth Exaggerated by Forbes
For years, there have been doubts about the reported wealth of Kylie Jenner. In mid-2018, CelebrityNetWorth estimated her net worth to be between $150-$200 million, while Forbes published an article claiming she was worth $900 million. However, CelebrityNetWorth believed these numbers were made up and published an article on the same day titled “Kylie Jenner Is Not Worth $900 Million – That’s A Silly Clickbait Headline To Sell Magazines.”
Forbes claimed that Kylie’s makeup company was worth $800 million and generated $330 million in revenue in 2017 with $100 million in profit. However, her lip-kit revenue was down 35% year over year, and overall revenue grew just 7% in 2017, $70 million lower than predicted. CelebrityNetWorth believed a more reasonable valuation for the company was $400 million, which would have given Kylie around $260 million after taxes from a sale and a net worth of $300-400 million.
However, on May 29, 2020, Forbes published a retraction article titled “Inside Kylie Jenner’s Web of Lies – And Why She’s No Longer a Billionaire.” Forbes admitted that all of their information was false, including their headlines and magazine covers. Coty, the company that bought a 51% stake in Kylie Cosmetics, revealed that the company generated about $125 million in 2018, not $360 million as previously reported. Kylie’s skin care line was also not as successful as claimed, with only $25 million in sales projected for the year.
Furthermore, data from Rakuten showed a 62% decline in Kylie’s online sales between 2016 and 2018. Forbes concluded that the business was never as big as claimed, and the Jenners had lied about it every year since 2016. They even had their accountant draft tax returns with false numbers to inflate Kylie’s earnings and net worth.
Kylie Jenner’s Sale to Coty Inc. May Not Have Been as Lucrative as Reported
Kylie Jenner’s sale of a majority stake in her cosmetics brand, Kylie Cosmetics, to Coty Inc. for $600 million in 2019 was widely reported as a massive financial success for the reality star and entrepreneur. However, a recent Forbes article revealed that Jenner had exaggerated the value of her company and her personal wealth, leading to her removal from the Forbes billionaires list.
Forbes now estimates that Kylie Cosmetics was actually worth around $300 million at the time of the sale, significantly less than the $1.2 billion valuation that was widely reported. Additionally, Jenner did not own 100% of the company at the time of sale, with her mother Kris Jenner owning at least 10%.
If the deal was all-cash, Kylie would have received roughly $340 million in post-tax cash from the deal while still owning a 45% paper stake in the brand. However, the sale has not been kind to Coty’s stock price, which has cratered 60% in the six months following the deal. It’s likely that Coty will soon have to write-off a large percentage of the Kylie brand, rendering Jenner’s remaining 45% stake valueless.
Kylie Jenner’s Modeling and Fashion Career
Kylie Jenner’s modeling career started with the Sears clothing line “Crush Your Style” and she has been featured in photo shoots for publications like OK! Magazine and Teen Vogue. She made her catwalk debut at New York’s Fashion Week in 2011 and landed modeling gigs for companies like White Sands. Jenner also hosted red-carpet events and released a science fiction novel with her sister Kendall. She launched a line of handbags for Steve Madden, became a brand ambassador for Nip + Fab, and launched a clothing line with Topshop. She was also announced as the new face of PUMA and launched a line of sunglasses with Quay Australia.
Kylie Jenner’s Cosmetics Empire
Kylie Jenner’s fortune is largely due to her successful cosmetics empire. She launched her first product, the “Kylie Lip Kit,” in August 2015, which quickly became popular. In September of that same year, she launched her own website and app to further promote her brand.
Kylie Jenner’s Southern California Mansions
Kylie Jenner has owned and sold multiple houses around Southern California, with at least five mansions currently in her possession. Her first home, a $2.7 million mansion located in The Oaks gated community in Calabasas, was sold in 2017 for $3.15 million.
Her current primary residence is an eight-bedroom, 11-bathroom Cape Code style mansion in Hidden Hills, California, which she bought in 2016 for $12 million. In May 2020, she purchased a vacant lot in Hidden Hills for $15 million and plans to build an 18,000 square foot mansion with the help of architect Richard Landry.
Kylie also previously owned a mansion in Hidden Hills that she bought for $6 million in May 2016. The six-bedroom, seven-bathroom estate was sold in September 2018 for $6.7 million, along with the vacant lot next door that she had also acquired.
In October 2018, Kylie and Travis Scott purchased a Beverly Hills mansion for $13.45 million. The couple listed the property for sale in October 2022 for just under $22 million. Additionally, Kylie bought an undeveloped plot of land in the Madison Club gated community in La Quinta, California, for $3.25 million in February 2019.
Most recently, in April 2020, Kylie purchased a mansion in Holmby Hills, California, for $36.5 million.
Kylie Jenner’s Lavish Spending Habits
According to a source close to Kris Jenner, Kylie spends $300,000 per month on clothes for herself and her daughter. Additionally, she reportedly spends $300-400,000 per month on car payments and security.
Kylie has acquired multiple properties for a combined total of $80 million. In California, her annual property tax bill is around 1% of the purchase price, meaning she owes the state roughly $800,000 per year in property taxes, or $67,000 per month.
Kylie Jenner’s Private Jet Usage Draws Criticism
Kylie Jenner’s reported $72 million Global Express private jet has come under scrutiny as she has been using it for even the shortest of flights. In July 2022, she was dubbed “Climate Criminal” after flying from Van Nuys to Camarillo, a distance that could have been covered in just half an hour by car, but took only 12 minutes by flight. This has led to criticism from her fans and critics alike, who have accused her of being hypocritical as she is known to promote eco-friendly practices.
Adding to the backlash, a photo posted on social media of Kylie and her boyfriend Travis Scott standing in front of two private jets with the caption “You wanna take mine or yours?” was labeled “classless” by some. Her critics have been particularly harsh given Kylie’s purported image as an eco-crusader.
Kylie Jenner’s Relationship History
Kylie Jenner began dating rapper Travis Scott in 2017, and the couple welcomed a daughter in February 2018. However, they started living apart in mid-2019.
Before Travis Scott, Kylie had been in a relationship with rapper Tyga from 2014 to 2017.
Kylie Jenner’s Net Worth
Kylie Jenner’s net worth is reported to be $750 million.