How Big Is Kylie Jenner’s Fortune ?
Kylie Jenner – she’s really that rich:
Kylie Jenner’s net worth in 2020: Kylie Jenner is an American model, reality TV star and cosmetics entrepreneur. In a given year, Kylie Jenner earns around $ 40-100 million from her various activities. The vast majority of their net worth comes from a cosmetics company called Kylie Cosmetics. In November 2019, Kylie sold 51% of her company to Coty Inc. for $ 600 million.She valued the company as a whole at $ 1.2 billion. In 2020, Kylie Jenner’s fortune was $ 1 billion. How could she get so rich?
Milestones in Kylie Jenner’s net worth
Celebrity Net Worth started pursuing Kylie’s assets in November 2011. At that time, we estimated that the 14-year-old had net worth of $ 300,000. In June 2013, we raised our estimate to $ 2 million. By mid-2014, her net worth had doubled to $ 4 million. In July 2016, it exceeded $ 10 million for the first time. Kylie’s net worth started to skyrocket around mid-2017. In June 2017, we set their net worth at $ 50 million. In July 2018, we increased that number to $ 200 million. In mid-2019, we estimated her wealth at $ 300-400 million, much of which was based on paper assets based on the value of Kylie Cosmetics.
On November 18, 2019, Kylie Jenner’s fortune was finally officially raised to billionaire status!
Kylie Jenner was born on August 10, 1997 in Los Angeles, California. She is the youngest daughter to emerge from the marriage of business women Kris Jenner and former Olympic athlete Bruce Jenner (now known as Caitlyn Jenner). Kylie’s older sister is model Kendall Jenner and 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 on October 14, 2007 on E! debuted. Today, the KUWTK is the longest running reality series in the United States. In the early years of the series, Kylie was a regular preschooler who attended school and was a member of the cheerleading team. In 2012 she left the traditional school and started attending an educational program at home. She graduated from high school in July 2015.
Is Kylie Jenner a billionaire?
Yes. Kylie Jenner has been an official billionaire since November 18, 2019. She achieved billionaire status after it was revealed that Coty Inc. had acquired 51% of her cosmetics company for $ 600 million, with the company as a whole valued at $ 1.2 billion. Coty Inc. is a recently competitive cosmetics company that owns brands like CoverGirl and MaxFactor. Kylie will remain the brand’s public face. The deal valued their 49% stake on paper at $ 588 million.
Coty, which also owns Clairol and OPI nail polish, has struggled with declining executive revenues and sales in recent years. The European-based company, owned by an investment company called JAB Ltd. has seen its share price halve since 2016, when it acquired a dozen Procter & Gamble cosmetic brands. As a result of the takeover, Coty shares rose 4%.
After paying taxes on the $ 600 million portion of the sale, Kylie will likely be left with around $ 300 million. We cannot say that with certainty because it is not yet clear how the $ 600 million is structured. Was it all in cash? Shares? A mixture of the two? These issues have a significant impact on their tax treatment and ultimately on the net cash inflow from the business. In addition, Coty expects the deal will not be officially closed until the third quarter of 2020.
Regardless, when you combine $ 300 million with her $ 100 million non-cosmetic seperate assets and the remaining $ 588 million paper portion, Kylies Jenner’s net worth is currently $ 988 million. A $ 1 billion rounding error for someone like Kylie who makes $ 20-30 million a year outside of Kylie Cosmetics.
We here at CelebrityNetWorth were admittedly skeptical of the proclamations of Kylie’s billion dollar fortune, and maybe it’s time we ate a little crow. But in our defense, as we JUST noted, it’s actually true that Kylie is NOT a billionaire. It’s still technically wrong by $ 12 million. In addition, their remaining $ 588 million stake of 49% is a net worth of $ 588 million before tax. If Kylie sold this stake today, she would still have about $ 294 million after tax. Together with $ 100 million and today’s $ 300 million, your net worth would increase to $ 694 million.
And we stick to our statement that Kylie’s business in a rational market is by no means worth $ 1.2 billion. This whole debate started on a July 2018 Forbes article that claimed that Kylie’s makeup company was worth $ 800 million and that she was the world’s youngest billionaire. The article also claimed that Kylie had a separate, non-cosmetic fortune of $ 100 million and voila that she had a net worth of $ 900 million (which, by the way, is still not a BILLIONAIRE!).