$ 700 Million
What is Kylie Jenner’s Net Worth?
Kylie Jenner is an American model, reality television star and makeup artist. At the time of writing, Kylie Jenner’s total value is $ 700 million. One year, Kylie earns about $ 40 – $ 100 million in her various activities.
Most of her money comes from a cosmetics company called Kylie Cosmetics. In November 2019, Kylie sold 51% of her company to Coty Inc. $ 600 million. To value the entire company at $ 1.2 billion. Since May 2020, that number has dropped dramatically. Kylie earned about $ 340 million after sales tax, but the value of her remaining 45% of the product dropped dramatically.
Kylie Jenner Net Worth Milestones
Celebrity Net Worth began tracking Kylie’s fortune in November 2011. At that time we estimated that the 14-year-old had a total value of $ 300 billion. In June 2013 we increased our estimate to $ 2 million. By mid-2014 his total value had doubled to $ 4 million. He started over $ 10 million in July 2016. Kylie’s total value began to fluctuate in mid-2017. In June 2017 we identified him with a value of $ 50 million. In July 2018 we increased that number to $ 200 million. In mid-2019 we estimated his fortune to $ 300-400 million, most of which is paper money based on the value of Kylie Cosmetics.
Kylie Jenner was born August 10, 1997 in Los Angeles, California. She is the youngest daughter of the late businesswoman Kris Jenner and former Olympic athlete Bruce Jenner (known today as Caitlyn Jenner). Kylie’s older sister is model Kendall Jenner and her siblings are Kim Kardashian, Kourtney and Khloe Kardashian and Brody Jenner. Kylie was only 10 when Keeping Up with the Kardashians started singing on E! October 14, 2007. Today KUWTK is a long-running reality series in the US. For several years during the first years of the show Kylie was a young person who used to go to school and was a member of the cheering group. In 2012 he left the traditional school and started attending the home school education program. She received her high school diploma in July 2015.
Is Kylie Jenner a Billionaire? – NO.
On November 18, 2019, Kylie Jenner was crowned millionaire by Forbes. Forbes claims to have secured the status of a billionaire after selling 51% of his cosmetics company to Coty Inc. is $ 600 million, making the company worth $ 1.2 billion. Coty Inc. is a recently developed beauty business that owns brands like CoverGirl and MaxFactor. Kylie will always be the public face of the brand. Forbes claims the deal costs 49% of its remaining $ 588 million in paper.
Coty, who owns Clairol nails and OPI, has struggled in recent years with huge profits and profits. A European-based company, controlled by an investment company called JAB Ltd., has seen the stock price decline since 2016 when it acquired a dozen cosmetics brands from Procter & Gamble.
For the company to cost $ 1.2 billion, it somehow convinced Coty Inc to pay a shocking 27X profit.
FYI, Facebook currently trades for 26X profits. Procter & Gamble trades at 24X. Coty itself trades at an 18X profit.
After paying $ 600 million in sales tax, Kylie will probably be left with an estimated $ 300 million. We cannot say for sure because it is not yet clear how the $ 600 million was built. Was it all money? Stock? Your combination of both? These questions had major implications for his tax administration and ultimately cost money from the agreement. In addition, Coty does not expect the agreement to officially close until the third quarter of 2020.
*** Update ***
On May 29, 2020, Forbes published a retractable article in which it acknowledged that all the numbers previously reported were false. Constructed literally by Kylie’s narrators.
More information about this history below …
We here at CelebrityNetWorth have been skeptical of Kylie’s wealth announcements for years. Back in mid-2018 we estimated that his value was estimated at $ 150- $ 200 million. In July of that year Forbes published an article claiming to be worth $ 900 million and is likely to become the youngest billionaire in the world based on reported money and the growth of Kylie Cosmetics. We saw the same numbers and knew right away that they were almost completely formed. So on the day Forbes made their case live, we published the following:
Kylie Jenner Not Worth $ 900 Million – That’s Silly Clickbait Articles for Magazine Marketing
That 2018 Forbes article said Kylie’s cosmetics company was worth $ 800 million. The article reported that in 2016, Kylie’s company made $ 307 million and in 2017 $ 330 million and $ 100 million in profits. The article also revealed that the revenue generated by Kylie Cosmetics was not growing. In fact the total revenue grew only 7% in 2017 and was less than $ 70 million than predicted by mid-2017. In addition, her lip-kit income has actually decreased by 35%, year after year.
In our view at the time, the most logical recurrence would be a 4x profit, which would cost the entire company $ 400 million. As a 100% owner you would have earned about $ 260 million after tax from the auction. So let’s assume that the total value based on Kylie’s additional reality in July 2018 was $ 300-400 million.
We are actually at fault for all of the above.
On May 29, 2020 Forbes was forced to write a revoked article entitled:
“Inside Kylie Jenner’s False Web – And Why She’s No More A Billionaire”
In that article Forbes finally admits that all their details are false. Everything. All of their news articles and magazine covers were based on lies and / or misrepresentation of facts. From Forbes May 2020 withdrawal of Forbes:
“Then came Kylie’s finances. Revenue for the 12 months before the deal: $ 177 million, according to Coty’s presentation – is much lower than the rates published at the time. Worse still, Coty said sales had risen by 40% since 2018. , which means the business made only $ 125 million that year, nowhere near the $ 360 million Jenners led Forbes to believe. Respondents told us. “
Forbes went on to say:
“Data from e-commerce company Rakuten, which tracks the selected number of receipts, suggests a 62% reduction in Kylie’s online sales between 2016 and 2018.”
“The business has never been so big in the past, and Jenner’s have been lying every year since 2016 – including having their unpaid bookkeeper with fake numbers – to help Forbes’ estimates of Kylie’s salary and value. Although we can” prove those documents to be false (though possibly), obviously Kylie’s camp was lying. “
All of this does not mean that Kylie did not make TON of money for her sale to Coty. Although Forbes also revealed in their withdrawal that Kylie did not have 100% full at the time of the sale. It seems that Kris Jenner holds at least 10%. Kylie sold 90% of her shares for $ 1.2 billion. If the agreement were total, Kylie would have received about $ 340 million in the post-tax revenues of the agreement with 45% production documents.
Unfortunately for Kylie and Coty, the sale was not really kind at the stock price of the parent company. In the six months following the deal, Coty’s stock has increased by 60%, at least in the wake of Kylie Cosmetics’ high payout and will have to record its product price. That would reduce Kylie’s remaining paper balance by 45%. Here is a chart of the Coty stock between May 2019 and May 2020:
Note the dot on the chart November 18, 2019. That was the day Kylie’s sale was announced. The maximum value of Coty’s assets was $ 12.22. In the next few months the stock has lost 70% of its value.
The total market capitalization of the company today, according to investors, is $ 2.8 billion. That includes the total aggregate amount of products including Kylie Cosmetics, as we noted, which may never have cost anywhere near $ 1.2 billion. It is likely that Coty will soon have to cancel a large percentage of Kylie’s product, which will make the remaining 45% of Jenner unprofitable.
Success of Original Work and Approval
Kylie Jenner’s modeling career began with Sears’ clothing line “Crush Your Style”. He also appeared in various photos to be published as OK! Magazine and Teen Vogue. Kylie Jenner made her debut at New York’s Fashion Week in September 2011. Family members were present, previously, enjoying her younger sister during this ordeal. She may have been scared, but this little diva didn’t let it look, as she walked up and down, rocking a black ballerina-style dress for Abbey Dawn’s ballerina. Following in the footsteps of her older sister Kendall, Jenner has received modeling gigs from various companies including designer Australian swimwear designer White Sands. Jenner was featured in the People People magazine article in 2010 with her older sister. Kylie and Kendall hosted the red carpet events of Glee: The 3D Concert Movie and The Twilight Saga: Breaking Dawn – Part 1 in Los Angeles. They also did a Bing Box interview at The Hunger Games on March 12, 2012. In 2013 Kylie and Kendall both received $ 100,000 to approve a nail polish line called Nicole by OPI. Kylie and Kendall also released a science fiction novel, Rebels: City of Indra about two superheroes embarking on a journey. While Kylie and Kendall co-hosted the 2014 Much Music Video Awards, Kylie eventually made her the first actress in the show’s promotion. In 2014 Kylie introduced Steve Madden’s bag line. In March 2015 he became a product ambassador for skin care company Nip + Fab. In June 2015 Kylie and Kendall unveiled a clothing line with British fashion retailer Topshop. In 2016 Kylie was announced as the new face of PUMA. In 2017 Kylie introduced a line of sunglasses with an Australian company called Quay Australia.
Kylie’s biggest fortune comes because of her makeup regime. She created her first product, a lipstick line, in August 2015.
Kylie Jenner’s net worth is $700 million as of 2020.
|Kylie Jenner Net Worth Milestones|