Kylie Jenner's Net Worth in 2024: A $700 Million Empire
Kylie Jenner's Net Worth in 2024: A $700 Million Empire.
What is Kylie Jenner's Net Worth?
Kylie Jenner is a well-known American model, reality TV star, and cosmetics mogul with a net worth of $700 million. Each year, she rakes in between $40 million and $100 million from her various projects. Most of her wealth comes from her brand, Kylie Cosmetics. Back in November 2019, she sold 51% of her company to Coty Inc. for a whopping $600 million, which put the total value of the company at $1.2 billion.
However, after the deal, the company's value took a big hit. Kylie made about $340 million after taxes from the sale, but her remaining 45% stake in the brand has lost a lot of value. In the year that followed the sale, she splurged around $130 million on several mansions and even a private jet.
Key Statistics
Kylie Jenner is the youngest daughter of Kris and Caitlyn Jenner. She's the second wealthiest in the Kardashian/Jenner clan, just behind her older half-sister Kim, who has a net worth of $900 million. Kylie started her beauty brand, Kylie Cosmetics, in 2014 and introduced "The Kylie Lip Kit" in August 2015. Between October 2018 and October 2019, her brand raked in $177 million. In November 2019, she sold 51% of Kylie Cosmetics to Coty Inc. for a whopping $600 million, netting her about $340 million after taxes.
Forbes once called her the "youngest self-made billionaire," but in May 2020, they backtracked on that claim, stating that the financial info provided by Kylie and Kris was misleading. So, while Kylie is incredibly wealthy and successful, she’s not actually a billionaire. In April 2020, she bought a mansion in Holmby Hills, California for $36.5 million, and in May 2020, she snagged a vacant lot in Hidden Hills for $15 million. She also owns another mansion in Hidden Hills worth $12 million.
Kylie Jenner Net Worth Milestones
Kylie’s wealth journey kicked off in November 2011. Back then, her estimated wealth was around $300,000.
Fast forward to June 2013, and we bumped that estimate up to $2 million. By the middle of 2014, her net worth had doubled again, hitting $4 million.
She hit the $10 million mark for the first time in July 2016.
Things really took off for Kylie around mid-2017. By June of that year, we estimated her net worth at $50 million, and by July 2018, it skyrocketed to $200 million. By mid-2019, we were looking at a fortune between $300 million and $400 million, a lot of which was tied to the value of Kylie Cosmetics. By the end of 2020, her net worth was $650 million, then $700 million in 2021, and finally $750 million in 2022.
Early Life
Kylie Jenner was born on August 10, 1997, in Los Angeles, California. She’s the youngest daughter of Kris Jenner, a business mogul, and Bruce Jenner, a former Olympic athlete who now goes by Caitlyn Jenner. Kylie's older sister is the model Kendall Jenner, and she has several half-siblings, including Kim, Kourtney, and Khloe Kardashian, as well as Brody Jenner.
Kylie was only ten when Keeping Up with the Kardashians premiered on E! on October 14, 2007, which has since become the longest-running reality show in the US. During the early seasons, she was just a typical pre-teen, going to school and being part of the cheerleading squad. In 2012, she switched to homeschooling and completed her high school diploma in July 2015.
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Is Kylie Jenner A Billionaire?
On November 18, 2019, Forbes declared Kylie Jenner a billionaire. They reported that she reached this milestone after selling 51% of her cosmetics line to Coty Inc. for $600 million, which put the total value of her company at $1.2 billion. Coty Inc., a beauty company facing some challenges, owns well-known brands like CoverGirl and MaxFactor. Kylie will still be the face of her brand. According to Forbes, her remaining 49% stake was valued at $588 million on paper.
Coty, which also has Clairol and OPI in its portfolio, has been dealing with declining revenue and changes in leadership lately. The European-based firm, backed by JAB Ltd., has seen its stock price drop significantly since 2016, when it bought several cosmetics brands from Procter & Gamble.
To reach a valuation of $1.2 billion, Kylie somehow got Coty Inc. to agree to a staggering 27 times profit multiple.
For comparison, Facebook is currently at 26 times profits, Procter & Gamble at 24 times, and Coty itself is at 18 times profits.
Once Kylie pays taxes on the $600 million from the sale, she’ll probably end up with about $300 million. We can’t be certain right now since it’s still unclear how that $600 million is set up. Is it all cash, stock, or a mix of both? These details really matter for her tax situation and how much cash she’ll actually take home from the deal. Plus, Coty doesn’t anticipate the deal will officially wrap up until the third quarter of 2020.
Coty Sale
Kylie definitely raked in a huge amount of cash from her sale to Coty, no doubt about that. However, Forbes later clarified that she didn’t own a full 100% of the brand at the time of the sale. It turns out Kris Jenner had at least a 10% stake. Kylie sold half of her 90% share at a whopping $1.2 billion valuation. If the deal was all in cash, she would have pocketed around $340 million after taxes, while still holding onto a 45% stake on paper.
On the downside for both Kylie and Coty, the sale hasn’t been great for Coty’s stock price. In the six months after the deal, their stock plummeted by 60%, partly due to the perception that they overpaid for Kylie Cosmetics and might need to write down the brand's value. This will definitely impact the paper value of Kylie's remaining 45%.
The company's market cap is sitting at $2.8 billion right now, as per investors. This figure represents the total value of many brands, including Kylie Cosmetics, which we mentioned probably wasn't ever really worth $1.2 billion. It seems pretty likely that Coty will have to take a big hit on the Kylie brand soon, making Jenner's 45% stake pretty much worthless.
Early Career Success and Endorsements
Kylie Jenner's modeling journey kicked off with the Sears clothing line "Crush Your Style." She quickly became a familiar face in various photo shoots for magazines like OK! Magazine and Teen Vogue. Her runway debut happened at New York's Fashion Week in September 2011, where her family was front and center, cheering her on during that nerve-wracking moment. Despite the jitters, she confidently walked the runway in a stunning black ballerina-style dress by Abbey Dawn.
Following in her sister Kendall's footsteps, Kylie scored modeling gigs with several brands, including the Australian swimwear label White Sands. In 2010, she and Kendall were featured in People magazine's Beautiful People article. The sisters also hosted red-carpet events for Glee: The 3D Concert Movie and The Twilight Saga: Breaking Dawn – Part 1 in Los Angeles, and they did an interview at The Hunger Games premiere on March 12, 2012.
In 2013, they both earned $100,000 to promote a nail lacquer line called Nicole by OPI. They even co-authored a sci-fi novel, Rebels: City of Indra, about two girls with superpowers on an adventure. When they co-hosted the 2014 Much Music Video Awards, Kylie made her acting debut in a promo for the event. In 2014, she launched a handbag line with Steve Madden, and by March 2015, she became the brand ambassador for Nip + Fab skincare. In June 2015, Kylie and Kendall teamed up with British retailer Topshop for a clothing line. In 2016, Kylie was named the new face of PUMA, and in 2017, she launched a sunglasses line with the Australian brand Quay Australia.
Kylie Cosmetics
Kylie's massive wealth is all thanks to her cosmetics business. She kicked things off with her first product, a lipstick line, back in August 2015. The "Kylie Lip Kit" took off right away. By September 2015, she had also launched her own website and app.
Real Estate
Kylie Jenner has been quite the real estate player in Southern California over the years, buying and selling several properties. As of now, she owns at least five mansions in the area.
Calabasas: Kylie snagged her first house at just 17, a $2.7 million pad in the upscale gated community of The Oaks in Calabasas. She flipped it in 2017 for $3.15 million.
Hidden Hills: Her main home now is a stunning Cape Cod-style mansion in Hidden Hills, featuring eight bedrooms and 11 bathrooms. She purchased this beauty in 2016 for $12 million, and it spans a massive 13,000 square feet.
In May 2020, Kylie dropped $15 million on a vacant lot in Hidden Hills, bringing in renowned architect Richard Landry to design an 18,000-square-foot mansion for her.
Back in May 2016, she also bought her first mansion in Hidden Hills for $6 million. This incredible estate sits on nearly 4.5 acres and includes six bedrooms and seven bathrooms. Later, she picked up the empty lot next door. By September 2018, she sold the mansion for $6.7 million and the vacant lot for $5.35 million. Check out this drone video showcasing the property from above:
Kylie and Travis Scott bought a house together in Beverly Hills back in October 2018 for $13.45 million. Fast forward to October 2022, and they put it on the market for just shy of $22 million.
La Quinta: Back in February 2019, Kylie dropped $3.25 million on a vacant lot in La Quinta, California, located in the upscale Madison Club gated community, where a bunch of her family members also have homes.
Holmby Hills: Fast forward to April 2020, Kylie shelled out $36.5 million for a massive 15,000-square-foot mansion in Holmby Hills, California.
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Monthly Expenses
According to a source close to Kris Jenner, Kylie spends about $300,000 each month on clothes for herself and her daughter. On top of that, she’s reportedly forking out $300,000 to $400,000 every month just for car payments and security.
The properties mentioned earlier were bought for a total of around $80 million across different deals. In California, her yearly property tax is about 1% of the purchase price, which means Kylie is looking at around $800,000 a year in property taxes, or roughly $67,000 a month.
Private Jet Usage
Kylie is said to have dropped a whopping $72 million on a Global Express private jet. She’s definitely not shy about using it, even for super short trips. Back in July 2022, she got the nickname "Climate Criminal" when it came to light that she flew from Van Nuys to Camarillo, California—a drive that would’ve taken just half an hour but only took about 12 minutes in the air. Around the same time, she faced backlash for posting a pic with her boyfriend, Travis Scott, in front of two private jets, captioning it, "You wanna take mine or yours?"
Critics have really gone after her, especially given her supposed image as an eco-friendly advocate.
Personal Life
Kylie began her relationship with rapper Travis Scott back in 2017, and they welcomed their daughter in February 2018. By mid-2019, they decided to live separately. Before Travis, she was with rapper Tyga from 2014 to 2017.
Total Net Worth
Kylie Jenner's net worth is $750 million.
Kylie Jenner Net Worth Milestones
Year Net Worth
2011 $300,000
2013 $2,000,000
2014 $4,000,000
2016 $10,000,000
2017 $50,000,000
2018 $200,000,000
2019 $300,000,000
2020 $650,000,000
2021 $700,000,000
2022 $725,000,000
2023 $750,000,000
Kylie Jenner's journey from reality TV star to a global cosmetics mogul showcases her entrepreneurial spirit and business acumen. With a net worth of $750 million, she has built an empire through Kylie Cosmetics, real estate ventures, and brand collaborations. Despite challenges, including the fluctuating value of her company, Kylie has proven her ability to adapt and thrive in the competitive business world.
Beyond her financial success, Kylie maintains a high-profile personal life and is a devoted mother. Her influence extends globally, inspiring countless fans and entrepreneurs while solidifying her place as a cultural and business icon.
