Kylie Jenner, a model, reality TV star, and cosmetics entrepreneur, has an estimated net worth of $750 million as of 2023. Much of her wealth stems from her highly successful company, Kylie Cosmetics, and her extensive real estate investments in Southern California. Kylie is also known for her luxurious lifestyle, including a private jet, high-end fashion, and multiple mansions.
Rise to Wealth: The Kylie Cosmetics Empire
Kylie Jenner launched Kylie Cosmetics in 2015 with the now-famous “Kylie Lip Kit.” The product was an instant success, selling out within minutes. By 2019, her cosmetics company was valued at $1.2 billion when she sold 51% of it to Coty Inc. for $600 million. After taxes, Kylie earned approximately $340 million from this deal.
However, the company’s valuation has since declined significantly. Coty, the buyer, saw its stock price drop sharply after the acquisition, reflecting skepticism about the valuation. Kylie still retains a 45% stake in the company, but its current worth has diminished from its peak.
Financial Milestones
Kylie’s net worth has grown steadily over the years:
| Year | Net Worth |
|---|---|
| 2011 | $300,000 |
| 2013 | $2 million |
| 2016 | $10 million |
| 2019 | $300 million |
| 2020 | $650 million |
| 2023 | $750 million |
While some sources, including Forbes, initially labeled Kylie as the youngest self-made billionaire, these claims were later retracted, citing inflated financial reports from her team.
Early Life and Career Beginnings
Born on August 10, 1997, in Los Angeles, California, Kylie is the youngest daughter of Kris Jenner and Caitlyn Jenner. She gained fame as part of the reality TV show “Keeping Up with the Kardashians”, which debuted in 2007. While initially appearing as a regular pre-teen, Kylie transitioned into a business mogul with her cosmetics line, modeling gigs, and collaborations with major brands.
By 2013, Kylie and her sister Kendall Jenner launched endorsements and fashion collaborations, including a clothing line with Topshop and campaigns for PUMA and Quay Australia.
Real Estate Investments
Kylie’s real estate portfolio reflects her penchant for luxury. Her properties include:
- Hidden Hills, California: An eight-bedroom mansion purchased for $12 million in 2016, serving as her primary residence.
- Holmby Hills, California: A 15,000-square-foot estate bought in 2020 for $36.5 million.
- Beverly Hills, California: A $13.45 million home co-owned with Travis Scott.
- La Quinta, California: A $3.25 million undeveloped plot in the exclusive Madison Club.
In total, her real estate acquisitions exceed $80 million.
Monthly Expenses
Kylie’s extravagant lifestyle comes with significant costs:
- Clothing and Accessories: Reportedly spends $300,000 per month on fashion for herself and her daughter.
- Security and Cars: Between $300,000 and $400,000 monthly.
- Property Taxes: Approximately $800,000 annually on her real estate holdings.
Additionally, Kylie owns a $72 million private jet, which has drawn criticism for its environmental impact due to frequent short flights.
Business and Endorsements
Beyond Kylie Cosmetics, Jenner has numerous income streams:
- Brand partnerships with companies like PUMA and Topshop.
- Hosting events and appearing in campaigns for products ranging from nail polish to sunglasses.
These ventures generate millions annually, further diversifying her income.
Controversies and Criticisms
Kylie’s wealth and public image have not been without scrutiny. Her 2019 billion-dollar valuation was questioned and later debunked. Critics also labeled her a “climate criminal” in 2022 for frequent use of her private jet on short trips, highlighting the environmental hypocrisy given her eco-friendly endorsements.
Kylie Jenner’s journey from reality TV star to a cosmetics mogul is a story of branding, ambition, and business acumen. While controversies have occasionally overshadowed her achievements, her impact on the beauty industry and social media landscape remains undeniable.
FAQ:
How did Kylie Jenner make her money?
Kylie’s fortune primarily comes from her cosmetics brand, Kylie Cosmetics, which she launched in 2015. She also earns from endorsements, modeling, and her real estate investments.
Is Kylie Jenner a billionaire?
No, Kylie Jenner is not a billionaire. Despite early claims, her current net worth is estimated at $750 million.
What is Kylie Jenner’s most expensive property?
Her Holmby Hills mansion, purchased for $36.5 million, is her most expensive real estate asset.
How much did Kylie Jenner make from selling Kylie Cosmetics?
She sold 51% of Kylie Cosmetics to Coty Inc. for $600 million, earning around $340 million after taxes.
What are Kylie Jenner’s monthly expenses?
Kylie reportedly spends over $700,000 monthly on clothing, cars, security, and property taxes.
