Hollywood is Amazed at Kylie Jenner’s Billion Dollar Self-made Empire! Here’s How She Got There
Kim Kardashian West is possibly the most prominent in the Jenner-Kardashian clan, but her youngest half-sister, Kylie Jenner, is easily the richest. Forbes featured the 21-year-old on it’s cover titled ‘America’s Women Billionaires’, estimating that Kylie was the youngest ever self-made billionaire, or at least inching towards the billion mark with her $900 million net worth.
The wealthiest of them all…
This is about thrice the net worth of her famous sister Kim, who stands second in the family in terms of her net worth, which comes up to only $350 million. Jenner, in her early 20’s, has already established a fast-selling cosmetics empire. And that’s just the tip of the iceberg.
The reality show Keeping Up with the Kardashians earns her millions and it seems that each year, the Kar-Jens get signed on with heftier contract renewal amounts, the last known one being worth a whopping $150 million. Exactly how all the family members share the money seems to be a mystery, but we are sure Kylie gets a hefty cut. To top that, she also starred in her own reality show in 2017. She has multiple advertising deals with Puma, among other leading brands. She frequently also endorses multiple brands on Instagram, including SugarBearHair vitamins, Quay Australia eyewear, Fashion Nova, and so many more.
So little time, so many business ventures…
She also shares an accessories and clothing line with Kendal, her sister. Apparently they even had a clothing line designed for PacSun when Kylie was just 15 years old! The sisters’ most recent launch, a label called Kendall + Kylie, can be found on Amazon, Bloomingdale’s, Nordstrom, Topshop, and elsewhere. The line sells in 390 locations all across the country and in 975 locations globally in 2017, according to Women’s Wear Daily.
Kylie Cosmetics, her cosmetics company, sold over $630 million worth of cosmetics in just two years. Jenner owns 100% of Kylie Cosmetics and her personal profits from the company were about $60 million after taxes. Much of Jenner’s work for Kylie Cosmetics is on social media while operations like manufacturing, packaging, and sales are outsourced to private companies. Kylie’s mother and the matriarch of the family, Kris Jenner, handles all financial decisions and public relations for the brand.
Jenner promotes her products frequently on Instagram and other platforms and admits that Social Media is just amazing for advertising her many products. Jenner has 110 million followers on Instagram, enabling her to have very easy access to her fans and customers. More followers means more prospective and current buyers.
Her now-disfunct app made her millions too…
$105,170. That’s how much her app made on its very first day in 2015, besides topping the charts. The app offered free and paid content from Kylie’s inner world, allowing her fans to get closer to her. PEOPLE reported that its launch topped the iTunes chart and was more profitable than the apps owned by her older sisters Kim, Khloe and Kendall.
Despite many business ventures, Kylie Cosmetics is Jenner’s favorite. Maybe she could pass this venture on to her daughter Stormi, if she’s interested. But she sees herself working forever for Kylie Cosmetics.
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