Not a single day passes by when you don’t hear about the Kardashian-Jenner clan. Some people don’t enjoy reality stars,’ news but there’s one thing we must all admit: they sure know how to make a fortune out of their reality shows. As a result, all of the Kardashian-Jenner sisters have an impressive net worth.
It is Kylie Jenner that often makes the headlines for her wealth. It was back in 2019 when Forbes named the youngest Jenner a ‘self-made’ billionaire, but the title didn’t stick as the magazine later announced that Jenner and her team had submitted false and exaggerated figures to present the size of her business.
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So, is Kylie a billionaire or not? Moreover, how did she get so rich? If these are the questions you are asking, then you might want to keep on reading.
Started From The Top
Now, Kylie Jenner is no stranger to the life of luxury. From renting a $200 million super-yacht or traveling the world on her $73 million private jet, Jenner sure knows how to have a great time. However, it wasn’t an entirely easy task for Kylie to build her brand. In 2015, Jenner launched ‘Kylie Cosmetics,’ which released the hit lip kits that instantly went viral and resulted in her brand expanding quickly.
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It all started when Kylie made an appearance on ‘Keeping Up With The Kardashians’ when she was only nine years old. While it is reported that the family earned $30 million for every episode of KUWTK, there is no verdict on how much each family member received. The Jenner sisters went on to launch their spin-off called ‘Kendall+Kylie’ and Kylie also briefly starred in her spin-off called ‘Life of Kylie’ in 2017.
In November 2019, Kylie Jenner sold a majority of the stake in Kylie Cosmetics to Coty Inc. for a whopping $600 million, and this resulted in the company value at $1.2 billion. Jenner stepped back from the seat of CEO but will remain an integral part of all the creative efforts.
But most of Kylie Jenner’s brand depends on social media, which is why she has benefited from huge endorsement deals with other brands such as Puma, Adidas, SugarBearHair Vitamins, and Fashion Nova. Social media also serves as a source of income for Kylie since a firm called D’Marie Analytics reported that Jenner’s single Instagram post is worth $1 million per advertisement.
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In September 2021, Coty Inc. released a new line of a brand called Kylie Baby, which are vegan and cruelty-free products for infants and toddlers. At the same time, sister brands like Kylie Swim and Kylie Skin were also launched. If that wasn’t enough, Kylie Jenner is also splitting a multi-million dollar deal with Hulu’s ‘The Kardashians.’
Kylie Jenner has managed to make her way despite being the youngest in her family.