Cha-ching! Kylie Jenner may only be in her early 20s, but she has already amassed quite a fortune.
The Keeping Up With the Kardashians star started selling $29 Lip Kits in 2015 when she was just 19 years old. Within three years, she sold an estimated $360 million worth of Kylie Cosmetics products (at the time, she owned a 100 percent stake in the company). Then, in March 2019, Forbes announced that she had officially reached billionaire status.
“I didn’t expect anything. I did not foresee the future,” Jenner — who snagged the youngest-ever title from Mark Zuckerberg, the Facebook cofounder who reached a ten-figure fortune at age 23 — told the magazine at the time. “But [the recognition] feels really good. That’s a nice pat on the back.”
The entrepreneur sold 51 percent of Kylie Cosmetics to beauty giant Coty in January 2020. Four months later, Forbes revoked her billionaire status, alleging that she has lied about company figures and forged tax returns to “look even richer.” She disputed the “Inside Kylie Jenner’s Web of Lies” report, tweeting at the time, “I’ve never asked for any title or tried to lie my way there EVER. period. … ‘even creating tax returns that were likely forged” that’s your proof? so you just THOUGHT they were forged? like actually what am i reading.”
Numbers aside, the reality star’s empire also includes a distribution deal with Ulta Beauty and a skincare line, and she has filed trademarks for possible hair and baby products. On top of all that, she boasts over 178 million followers on Instagram, 33-plus million on Twitter and countless more on Snapchat and TikTok.
“It’s the power of social media,” Jenner told Forbes in 2019, crediting her brand’s mega success to the fan-favorite platforms. “I had such a strong reach before I was able to start anything.”
Of course, the former Life of Kylie star has her über-famous family to thank too. Parents Kris Jenner and Caitlyn Jenner as well as siblings Kourtney Kardashian, Kim Kardashian, Khloé Kardashian, Rob Kardashian and Kendall Jenner all have empires of their own.
Scroll down to take a look at Kylie’s fabulous life!
The E! personality purchased her first home for $2.6 million in March 2015 when she was 17. She sold the manse, located in the Calabasas neighborhood of Los Angeles, two years later for $3.15 million and went on to buy three homes in the Hidden Hills area. In October 2018, she and then-boyfriend Travis Scott paid a combined $13.45 million for a Beverly Hills mansion. A year and a half later, she dropped $36.5 million on a mega-mansion in L.A.’s Holmby Hills neighborhood.
Chelsea Lauren/WWD/Shutterstock
Kylie’s driveway is packed with luxury vehicles that she either purchased or received as gifts. She reportedly owns multiple Rolls-Royces and Ferraris, plus a Lamborghini Aventador, a Range Rover Autobiography, a Mercedes-Benz, a Bentley and a Land Rover. She showed off six of her cars on Instagram in July 2019 with an Instagram post captioned, “Freaky friday.”
Courtesy Kylie Jenner/Instagram (4)
The businesswoman founded Kylie Cosmetics in 2015 after years of feeling insecure about the size of her lips. Her very first products sold out within a minute — and business has yet to slow down. In July 2018, Forbes valued the company at nearly $800 million. She sold 51 percent of Kylie Cosmetics to Coty in January 2020 for a reported $600 million.
Courtesy of Kylie Cosmetics
Kylie gave fans a glimpse inside her massive closet on YouTube in August 2018. She even has a separate room for her designer purses, with one shelf dedicated entirely to Hermès designs. “I have been collecting these bags for a minute. They’re also a great investment,” she told viewers at the time. On top of that, Kylie makes money off the custom merchandise she sells, including wall calendars and iPhone cases!
Courtesy kyliejennershop.com (4)
Since Kylie started dating Scott in April 2017, he has regularly showered her with stunning, larger-than-life floral arrangements. To celebrate Mother’s Day in May 2019, he surrounded her swimming pool with pink bouquets. The Grammy nominee went above and beyond again that August ahead of Kylie’s 22nd birthday, covering the floor of her house with red rose petals.
Courtesy Kylie Jenner/Instagram
As the old adage goes, money can’t buy happiness. Fortunately (and perhaps most importantly), she also has the love of Scott and their daughter, Stormi, who was born in February 2018.
Courtesy Kylie Jenner/Instagramfrom Celebrity News – Us Weekly https://ift.tt/2ZOnk7F
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