A TV star, socialite, and businesswoman whose net worth stands at around $750 million as per Forbes 2024 report. She is…
Imagine earning over half a billion dollars in a year? This incredible feat was achieved by Kylie Jenner, who topped Forbes’ list of highest-paid celebrities in 2020. She reportedly made an astonishing $590 million that year, surpassing every other celebrity by a wide margin. Her primary source of income? Her thriving beauty business, Kylie Cosmetics. She is a prominent member of the Kardashian-Jenner clan, has made a name for herself as a reality TV personality and a successful cosmetics mogul.
Kylie Jenner rose to fame through the hit series Keeping Up with the Kardashians, which began in 2007. At that time she was just 10 year old. Over the years, Jenner has transformed her popularity into a business empire.
From where did Kylie Cosmetics start?
She founded Kylie Cosmetics in 2015, using $250,000 of her modeling earnings to launch her iconic lip kits. The brand became a sensation, with products selling out within minutes of release. In January 2020, Kylie sold 51% of her company to Coty, Inc. for $600 million, earning approximately $540 million (pretax) from the deal. This transaction significantly boosted her earnings, making her the world’s highest-paid celebrity in 2020 with a staggering $590 million (Rs 49879900000), according to Forbes.
Despite controversies surrounding the valuation of her business – leading to her losing the “youngest billionaire” title – Kylie still owns 44% of Kylie Cosmetics, which remains a successful venture. Beyond her cosmetics brand, Kylie leverages her massive social media following (over 400 million on Instagram alone) for endorsements and partnerships. Her ability to connect with fans and market products has set her apart, helping her out-earn global icons like Shah Rukh Khan and Salman Khan in 2020.
Kylie’s estimated net worth stands at around $750 million as of recent 2024 report. She continues to expand her brand, proving her prowess as both a pop culture icon and a savvy entrepreneur. Her success story is a testament to leveraging fame into a thriving business empire.
