Power List: Kylie Jenner

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kylie-jenner
Kylie Jenner

Kylie Jenner is an American model, reality television star and cosmetics entrepreneur who has a net worth of $1 billion.

In a given year, Kylie earns around $40 million from her various endeavors. The vast majority of her 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. Valuing the company as a whole at $1.2 billion.

Kylie Jenner was born on August 10, 1997 in Los Angeles, California. She is the youngest daughter produced by the marriage of businesswomen, Kris Jenner and the former Olympic athlete Bruce Jenner (who is known today as Caitlyn Jenner). Kylie’s older sister is model Kendall Jenner and her half-siblings include Kim Kardashian, Kourtney Kardashian 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. Today the KUWTK is the longest-running reality series in the US. For several over the early years of the show Kylie was a regular pre-teen who attended school and was a member of the cheer-leading team. In 2012 she left traditional school and began attending a home-school educational program. She earned a high school diploma in July 2015.

Is Kylie Jenner A Billionaire? Yes. As of November 18, 2019, Kylie Jenner is officially a billionaire. She achieved billionaire status after it was announced that Coty Inc. had acquired 51% of her cosmetics company for $600 million, valuing the company as a whole at $1.2 billion. Coty Inc. is a recently-struggling beauty business that owns brands like CoverGirl and MaxFactor. Kylie will remain the public face of the brand. The deal valued her 49% stake at $588 million on paper.

Coty, which also owns Clairol and OPI nail polish, has struggled in recent years with lagging revenue and executive turnover. The European-based company, which is controlled by an investment firm called JAB Ltd., has seen its stock price cut in half since 2016 when it acquired a dozen cosmetics brand from Procter & Gamble. News of the acquisition sent Coty’s shares up 4%.

 

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