In 2023, Kylie Jenner, the young mogul and reality TV star, boasts an impressive net worth largely stemming from her beauty brand, Kylie Cosmetics. As per the data available, Kylie’s estimated net worth as of this year stands at a staggering $680 million.
Given the meteoric rise of Kylie Cosmetics and the buzz around Kylie Jenner’s wealth, understanding the valuation journey of this cosmetic titan is crucial. Let’s delve deeper.
| Date | Event |
|---|---|
| 2015 | Kylie Cosmetics is founded. |
| 2018 | Forbes values Kylie Cosmetics at $800 million. |
| March 2019 | Forbes values Kylie Cosmetics at $900 million. |
| November 2019 | Coty, Inc. acquires 51% stake for $600 million. |
| 2020 | Forbes revises valuation to $900 million, Kylie loses billionaire status. |
| 2023 | Kylie Jenner’s net worth is estimated to be $680 million. |
Kylie Jenner, not just a reality TV sensation, but also a successful entrepreneur, launched Kylie Cosmetics in 2015. This venture catapulted her to be one of the globe’s wealthiest self-made women. Primarily, the soaring value of Kylie Cosmetics has significantly contributed to her net worth.
Back in 2018, Forbes presented a valuation for Kylie Cosmetics at a cool $800 million. As the brand’s popularity skyrocketed, by March 2019, this figure jumped to $900 million. The highlight, however, was in November 2019. Coty, Inc. swooped in, acquiring a 51% controlling stake for $600 million, setting the brand’s worth at an approximate $1.2 billion.
2020 witnessed a whirlwind of controversy surrounding Kylie’s billionaire status. Forbes revisited their numbers, concluding a revised valuation for Kylie Cosmetics at $900 million. Consequently, Kylie’s billionaire badge was momentarily stripped away. While debates ensued, Kylie stood firm against the claims.
Despite the controversies and stake sales, Kylie continues to hold an impressive estimated 44% of Kylie Cosmetics. This ownership plays a monumental role in her current net worth.
By 2023, Kylie secured the #38 spot on Forbes’ “America’s Self-Made Women”. Her influence isn’t restricted to the U.S.; she also sits comfortably at #19 on the “World’s Highest-Paid Celebrities”.
Mentioning Kylie’s wealth invariably brings the Kardashian family into focus. The family, as of 2023, enjoys a combined net worth of $2 billion. Among them, Kylie emerges as the wealthiest, closely followed by her sister, Kim Kardashian.
Today, in 2023, Kylie’s net worth is a commendable $680 million. Her journey, an amalgamation of her cosmetics venture, reality TV presence, and diverse business initiatives, defines her wealth story.
It hasn’t been all smooth sailing for Kylie Cosmetics. The brand faced significant backlash during the “Kylie makeup brush scandal of 2017”, primarily due to the exorbitant price of its makeup brushes.
Kylie’s journey, from a reality star to a business behemoth, is awe-inspiring. Her current fortune, as of June, stands at $680 million according to Forbes. Her influence on the beauty industry is undeniable, solidifying her spot as a modern-day icon.
How much is Kylie Jenner’s net worth in 2023?
Kylie Jenner’s estimated net worth in 2023 is $680 million.
What was the controversy regarding Kylie’s billionaire status?
In 2020, Forbes revised Kylie Cosmetics’ valuation to $900 million, which led to Kylie Jenner losing her billionaire status.
Who is the wealthiest among the Kardashian family?
As of 2023, Kylie Jenner stands as the wealthiest member of the Kardashian family.
When did Coty, Inc. buy a stake in Kylie Cosmetics?
Coty, Inc. bought a 51% controlling stake in Kylie Cosmetics in November 2019 for $600 million.
