NET WORTH

Kylie Jenner Net Worth

Kylie Jenner Net Worth:

$700 Million

Kylie Jenner Net Worth 2020: Kylie Jenner is an American model, reality television star and cosmetics entrepreneur. In a given year, Kylie earns around $40 – $100 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. As of May 2020, that value has declined significantly. Kylie definitely earned around $340 million after taxes from the sale, but the value of her remaining 45% stake in the brand has gone down significantly.

As of 2020 Kylie Jenner’s net worth is $700 million.

KEY FACTS
  • Youngest daughter of Kris and Caitlyn Jenner
  • Second-richest Kardashian/Jenner behind older half-sister Kim (who is worth $900m)
  • Founded Kylie Cosmetics in 2014
  • Launched “The Kylie Lip Kit” in August 2015
  • Kylie Cosmetics generated $177m between October 2018 and October 2019
  • Sold 51% of Kylie Cosmetics to Coty Inc. in November 2019 for $600m
  • Earned roughly $340m after-taxes from the sale
  • Forbes once annointed Kylie the “youngest self-made billionaire” in the world
  • In May 2020 Forbes retrated previous statements about Kylie
  • Forbes claimed that financial information previously provided by Kylie and Kris was false
  • Kylie is extremely rich and successful, but not a billionaire
  • Paid $36.5 million for a Holmby Hills, Ca mansion in April 2020
  • Paid $15 million for a vacant lot in Hidden Hills, Ca in May 2020
  • Owns a separate $12m mansion in Hidden Hills, Ca

Kylie Jenner Net Worth Milestones

Celebrity Net Worth first began tracking Kylie’s wealth in November 2011. At the time we estimated that the 14 year old had a net worth of $300 thousand. In June 2013 we raised our estimate to $2 million. By mid 2014 her net worth had doubled to $4 million. She first crossed $10 million in July 2016. Kylie’s net worth started to sky rocket around mid-2017. In June 2017 we pegged her net worth at $50 million. In July 2018 we raised that number to $200 million. As of mid-2019 we estimated her fortune at $300-400 million, much of which is paper-wealth based on the value of Kylie Cosmetics.

Early Life

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 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? – NO.

In November 18, 2019, Kylie Jenner was crowned a billionaire by Forbes. Forbes claimed she achieved billionaire status after selling 51% of her cosmetics company to  Coty Inc. 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. Forbes claimed the deal valued her remaining 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.

For the company to be worth $1.2 billion, she somehow convinced Coty Inc to pay a mind-boggling 27X multiple of profits.

FYI, Facebook currently trades at 26X profits. Procter & Gamble trades at 24X. Coty itself trades at 18X profits.

After paying taxes on the $600 million portion of the sale, Kylie will likely be left with around $300 million. We can’t say for sure just yet because it’s not yet clear how $600 million has been structured. Was it all cash? Stock? A mixture of both? These questions have major implications on her tax treatment and ultimately net cash haul from the deal. Furthermore, Coty does not expect the deal to officially close until the third quarter of 2020.

On May 29, 2020 Forbes published a retraction article in which they admit that all the numbers they had reported previously were false. Literally made up by Kylie’s accountants.

More info on this history below…

Kylie Jenner Net Worth
Kylie Jenner Net Worth

Wealth Estimates

We here at CelebrityNetWorth have been skeptical of proclamations of Kylie’s wealth for years. Back in mid-2018 we estimated that her net worth was $150-$200 million. In July of that year Forbes published an article that claimed she was worth $900 million and on track to be the youngest self-made billionaire in the world all based on the reported revenue and growth of Kylie Cosmetics. We saw the same numbers and knew right away they were likely entirely made up. So on the same day Forbes went live with their article, we published the following:

Kylie Jenner Is Not Worth $900 Million – That’s A Silly Clickbait Headline To Sell Magazines

That 2018 Forbes article claimed that Kylie’s makeup company was worth $800 million. The article reported that in 2016, Kylie’s company generated $307 million in revenue and in 2017 $330 million with $100 million in profit. The article also mentioned that Kylie Cosmetics’ revenues had not been growing. In fact overall revenue grew just 7% in 2017 and was $70 million lower than had been predicted in mid-2017. Furthermore, her lip-kit revenue was actually down 35%, year over year.

In our opinion at the time, a much more reasonable multiple would have been 4x profits, which would have valued the company as a whole at $400 million. As the 100% owner she would have gotten around $260 million after taxes from a sale. Therefore we thought a much more reality-based net worth number for Kylie in July 2018 was $300-400 million.

Actually we wrong about everything above.

On May 29, 2020 Forbes was forced to write a retraction article titled:

Inside Kylie Jenner’s Web of Lies – And Why She’s No Longer a Billionaire

In that article Forbes finally admits that all of their information was false. All of it. All of their headlines and magazine covers were based on lies and/or total misrepresentations. From the Forbes the May 2020 Forbes retraction:

Then there were Kylie’s financials. Revenues over a 12-month period preceding the deal: $177 million, according to the Coty presentation—far lower than the published estimates at the time. More problematic, Coty said that sales were up 40% from 2018, meaning the business only generated about $125 million that year, nowhere near the $360 million the Jenners had led Forbes to believe. Kylie’s skin care line, which launched in May 2019, did $100 million in revenues in its first month and a half, Kylie’s reps told us. The filings show the line was actually “on track” to finish the year with just $25 million in sales.

Forbes continued:

Data from e-commerce firm Rakuten, which tracks a select number of receip

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