Kylie Jenner Net Worth And Early Career

In the world of celebrity culture and entrepreneurship, few names shine as brightly as Kylie Jenner. With a net worth skyrocketing to an impressive $700 million by 2024, she has solidified her status as one of the most successful and influential figures in the industry. 

From her early days as a reality TV star to her current roles as a model, TV personality, and writer, Jenner’s journey to success has been nothing short of remarkable. 

The fascinating details behind Kylie Jenner net worth, exploring how she has transformed herself from a member of the famous Kardashian-Jenner clan to a powerhouse businesswoman and cultural icon.

What is Kylie Jenner Net Worth?

Kylie Jenner, the influential model and TV personality, has amassed an impressive net worth of $700 million as of 2024. With diverse streams of income ranging from modeling to writing, Jenner reportedly earns anywhere between $40 to $100 million annually. 

In a landmark deal in November 2019, she sold a majority stake (51%) of her beauty company to Coty Inc. for a staggering $600 million, valuing the entire entity at an eye-watering $1.2 billion within just a year.

Key Facts

• The youngest daughter of Kris and Caitlyn Jenner, Kylie Jenner has not only carved out her own niche but has also become the second-richest Kardashian Jenner behind her older half-sister, Kim. 
• With a net worth in the ballpark of $700 million as estimated by Forbes, Kylie’s success is undeniable.
• In 2014, she founded Kylie Cosmetics at just 17 years old, revolutionizing the beauty industry with her lip kits that sold out within minutes. 
• In a bold move that shook the beauty industry, Kylie Jenner launched The Kylie Lip Kit in August 2015. This marked the beginning of her cosmetic empire under Kylie Cosmetics, quickly gaining a massive fan following.
• The financial success of Kylie Cosmetics is truly staggering. Between October 2018 and October 2019 alone, the brand generated an impressive $177 million. 
• In a strategic business decision, Kylie sold a majority stake of 51% in Kylie Cosmetics to Coty Inc. for a whopping $600 million and Miranda Kerr is estimated net of 60$million in November 2019. 
• What followed was another windfall for the beauty mogul as she earned approximately $340 million after-tax from this lucrative deal. 
• Forbes, known for its list of the wealthiest individuals globally, made headlines in 2019 when it declared Kylie Jenner as the youngest self-made billionaire at just 21 years old. 
• The events in May 2020, Forbes retracted their previous statement about Kylie’s billionaire status. 
• A billionaire, Kylie Jenner’s extravagant real estate purchases in 2020 have captured the attention of many. 
• From her $36.5 million mansion in Holmby Hills to the $15 million vacant lot in Hidden Hills and a separate $12 million mansion also in Hidden Hills, Kylie’s property portfolio is undeniably impressive.

Kylie Jenner Net Worth Milestones

How much is Kylie Jenner worth? Tracking Kylie Jenner’s wealth since November 2011 reveals a remarkable financial journey that began when she was just 14 years old with an estimated net worth of $300 thousand. 

By June 2013, her wealth had grown significantly to $2 million, showcasing the early signs of her burgeoning success. Over the next year, her fortune doubled to reach $4 million by mid-2014, setting the stage for even greater milestones in her career.

The turning point came when Kylie’s net worth first crossed the impressive threshold of $10 million in July 2016, marking a significant achievement for the young entrepreneur. 

It was around mid-2017 that her wealth truly skyrocketed, with June 2017 seeing estimates soar to a staggering $50 million.Kylie Jenner’s meteoric rise to financial success has been nothing short of astounding. 

From a modest $200 million net worth in July 2018, she swiftly ascended the ranks to reach an estimated fortune of $750 million by the close of kylie Jenner net worth 2022. 

The bulk of her wealth is tied up in Kylie Cosmetics, with figures hovering between $300-400 million at various stages along her journey.

Early Life

Kylie Jenner, born on August 10, 1997, in Los Angeles, California, is the youngest daughter of businesswoman Kris Jenner and former Olympic athlete Caitlyn Jenner. 

Growing up in a high-profile family alongside her model sister Kendall Jenner and half-siblings including Kim Kardashian, Kylie was exposed to fame from a young age. 

The glitz and glamour of her surroundings, Kylie embarked on a unique educational journey by enrolling in a home-school program in 2012.

Through her dedication and hard work, Kylie earned her high school diploma in July 2015 at just 17 years old. This achievement highlighted her commitment to both academics and personal growth beyond the realm of social media stardom. 

It’s hard to imagine that Kylie Jenner was merely ten years old when the world first met the Kardashian-Jenner clan through their reality TV show. 

The most kids her age were focused on school and friends, Kylie was navigating fame, cameras, and public scrutiny with a poise beyond her years.

Is Kylie Jenner A Billionaire? – NO.

The initial celebration and the title of being a billionaire assigned by Forbes, recent events have shed light on the true financial status of Kylie Jenner. 

The revelation that she is not actually a billionaire may come as a surprise to many, especially considering the frenzy that surrounded her cosmetics empire and its sale to Coty Inc. 

Her stake in the company now valued at $588 million on paper, it becomes evident that her net worth has been overestimated.

From the promising acquisitions of popular cosmetic brands like CoverGirl and Max Factor to significant investments from firms like JAB Ltd .

Wealth Estimates

There seemed to be an unstoppable upward trajectory for Jenner’s wealth. With her net worth taking a hit since 2016 and facing challenges like tax payments on substantial sums earned, the reality behind the billion-dollar facade unveils a different narrative altogether.

It’s fascinating how quickly fortunes can shift in the world of celebrity entrepreneurship. The initial hype surrounding Kylie Jenner net worth reaching $900 million and the possibility of becoming a self-made billionaire, a closer look at her company’s financials paints a different picture. 

The reality check reveals a more modest net worth estimate for Kylie back in July 2018, ranging between $300-400 million. With discussions centered around her makeup brand, various estimates swirled. 

A more grounded assessment suggested that a 4x profit multiple could have pegged her company’s worth at $400 million. Consequently, as the sole owner, Kylie stood to gain approximately $260 million post taxes from a potential sale – painting a more pragmatic picture of her financial standing in mid-2018.

With revenues of $177 million over a 12-month period, significantly lower than previously estimated, questions arose about the discrepancies between public perceptions and reality.

Kylie Jenner’s foray into the skincare industry seemed like a massive success story, with sales reaching an astounding $100 million within the first month and a half of its launch in May 2019. 

Early Career Success and Endorsements

Kylie Jenner’s early career success and lucrative endorsements have solidified her status as a powerhouse in the world of fashion and entertainment. 

From hosting red-carpet events for major Hollywood blockbusters to endorsing high-profile brands like Nicole by OPI, Kylie has seamlessly transitioned from reality TV star to a savvy businesswoman.

 Her collaboration with sister Kendall on the science fiction novel Rebels: City of Indra showcased their creative talents beyond the realm of fashion and beauty.

Furthermore, Kylie’s acting debut in a promo for the 2014 Much Music Video Awards hinted at her ambitions to explore new avenues within the industry.

Her foray into designing handbags for Steve Ma further highlighted her versatility and entrepreneurial spirit. With each venture, Kylie continues to captivate audiences with her dynamic career trajectory and unwavering commitment to innovation and reinvention.

Kylie Cosmetics

Kylie Jenner’s rise to fame and fortune through her cosmetics empire is a true testament to the power of entrepreneurship in the digital age.

With the launch of her Kylie Lip Kit in August 2015, she revolutionized the beauty industry by creating a product that resonated with her massive fanbase.

By leveraging social media platforms and launching a personalized website and app, Kylie was able to cultivate a direct connection with her customers, fostering loyalty and brand engagement on a whole new level.    

Conclusion

Kylie Jenner net worth of $700 million in 2024 solidifies her status as one of the most successful and influential figures in the entertainment and beauty industries.

Her strategic business ventures, including Kylie Cosmetics and partnerships with major brands, have contributed significantly to her wealth accumulation.

Facing scrutiny and criticism throughout her career, Jenner has managed to leverage her platform and capitalize on her immense popularity to build a lucrative empire. 

FAQ’S