Kylie Jenner is a reality television personality, social media star, and successful businesswoman. She is a member of the world-famous Kardashian-Jenner clan. She literally grew up in front of our eyes as she starred in the E! reality television series Keeping Up with the Kardashians which ran from the year 2007 to 2021.

Apart from being a reality TV star, the makeup mogul is also an astute entrepreneur. She is well-versed with the business world and knows how to sell her makeup products. Along with her beauty brand Kylie Cosmetics, she also makes a vast sum of money from endorsements. Keep scrolling further to know about Kylie Jenner’s net worth, business ventures, and more.

Kylie Jenner’s Net Worth in 2023 revealed

According to a report by Celebrity Net Worth, the estimated net worth of the queen of social media, model, reality television star and cosmetics entrepreneur Kylie Jenner is a whopping $750 million. In a given year, she makes around $40 to $100 million from her various endeavors.

A large portion of Kylie’s income comes from her beauty brand Kylie Cosmetics. In November 2021, she sold a total of 51% of her company to Coty Inc. for $600 million which took the valuation of the cosmetics company as a whole to $1.2 billion. A couple of months after the deal, the value dropped down significantly. After taxes from the sale, Kylie earned around $340 million but the value of her 49% stake in the company has also declined since then. In the 12 months that included the sale, Kylie shelled out $130 million on getting a hold of some lavish real estate properties and a private jet.

For those of you who are unaware, let us share with you, Kylie is the founder and co-owner of the cosmetic company Kylie Cosmetics. She founded her beauty brand in the year 2014. At that point in time, her company was known as Kylie Lip Kits as she began by selling Kylie Lip Kits, a liquid lipstick and lip liner set, on November 30, 2015. Her beauty brand has received a good response from the side of people and beauty experts.

Over the years, the Kylie Cosmetics founder has gained quite a big following on various social media platforms like Instagram and more. At the moment, she is the third most followed person on Instagram. As of right now, she has 380 million followers on the social networking platform Instagram.

Is Kylie Jenner a billionaire?

The answer to the above question is a big no. In November 2019, Forbes magazine crowned Kylie Jenner a billionaire. At that time, the magazine claimed that the beauty influencer achieved billionaire status after selling 51% of her cosmetics company to Coty Inc. for $600 million, valuing the company as a whole at $1.2 billion.

Cory Inc. is a beauty business that owns brands like CoverGirl and MaxFactor. Jenner is still the public face of the beauty brand. Then, Forbes stated that the deal valued her remaining 49% stake at $588 million on paper. In the last couple of years, Coty Inc. has struggled with lagging revenue and executive turnover.

The European-based company, which also owns Clairol and OPI nail polish, is controlled by an investment firm that goes by the name of JAB Ltd. Since the year 2016, the stock price of the company has fallen to half of its original price. Then, it acquired a dozen cosmetics brands from Procter & Gamble.

In the year 2020, Forbes published another article in which the magazine admitted that all the numbers reported by them previously were false. The mind-boggling numbers were literally made up by Jenner’s accountants. Forbes titled the retraction article, “Inside Kylie Jenner’s Web of Lies – And Why She’s No Longer a Billionaire”

The Forbes May 2020 retraction article read, “Then there were Kylie’s financials. Revenues over a 12-month period preceding the deal: $177 million, according to the Coty presentation—far lower than the published estimates at the time. More problematic, Coty said that sales were up 40% from 2018, meaning the business only generated about $125 million that year, nowhere near the $360 million the Jenners had led Forbes to believe. Kylie’s skincare line, which launched in May 2019, did $100 million in revenues in its first month and a half, Kylie’s reps told us. The filings show the line was actually “on track” to finish the year with just $25 million in sales.”

Forbes went on to say, “Data from e-commerce firm Rakuten, which tracks a select number of receipts, suggests there was a 62% decline in Kylie’s online sales between 2016 and 2018.” The famous magazine continued, “The business was never that big to begin with, and the Jenners have lied about it every year since 2016—including having their accountant draft tax returns with false numbers—to help juice Forbes’ estimates of Kylie’s earnings and net worth. While we can’t prove that those documents were fake (though it’s likely), it’s clear that Kylie’s camp has been lying.”

Everything about Kylie Jenner’s early endorsements

The social media star stepped into the entertainment industry as a model. Her modeling career started to take off with the Sears clothing line “Crush Your Style”.  She has been featured in various photo shoots for publications like OK! Magazine and Teen Vogue. She made her runway debut at New York’s Fashion Week in September 2011. Then, all of her family members came forward to support her and they were snapped sitting in the front row. She donned a black ballerina-style dress by Abbey Dawn for her catwalk debut.

Then, the cosmetics entrepreneur followed in the footsteps of her elder sister Kendall and bagged a few modeling gigs in her kitty. She and her sister Kenny were featured in People magazine’s beautiful people article in the year 2010. The Jenner sisters hosted red-carpet events for Glee: The 3D Concert Movie and The Twilight Saga: Breaking Dawn – Part 1 in Los Angeles.

Back in the day, Kylie and Kendall also did an interview in the Bing Box at the premiere of The Hunger Games on March 12, 2012.  The next year, the two sisters made around $100,000 to endorse a line of nail lacquers called Nicole by OPI. Not only this, but the Jenner sisters also dropped a science fiction novel Rebels: City of Indra which’s all about two girls with superpowers who embark on a journey.

When Kylie and Kendall co-hosted the 2014 Much Music Video Awards, Kylie made her acting debut in a promo for the show. In the year 2014, the model launched a line of handbags for Steve Madden. In March 2015, she became the brand ambassador for the skincare company Nip + Fab. In June of the same year, the two sisters launched a clothing line with British fashion retailer Topshop. In 2017, PUMA announced Kylie as the new face of the brand. In 2017, Jenner dropped a line of sunglasses with an Australian company called Quay Australia.

Kylie Jenner is the founder of Kylie Cosmetics

Yeah, you read that right. The Kardashians star is the founder of the cosmetics company Kylie Cosmetics. She launched her first product a line of lipstick, in August 2015. The Kylie Lip Kit was an instant success among the fans. In September of the same year, she launched a personalized website and app.

The cosmetics company was renamed to Kylie Cosmetics in February 2016. By the end of the year 2016, the total revenue of the company was more than $300 million. Jenner used her former insecurity about her lip size as inspiration for her brand. In a media interaction, she said, “one of the most authentic things I’ve done in my career.”

Here’s all you need to know about Kylie Jenner‘s real estate properties

Apart from being a beauty mogul, Kylie is also a real estate mogul. She has many real estate properties in her name. Over the years, she has bought and sold many big mansions around California. At the moment, she is the owner of at least 5 mansions in Southern California itself.  Jenner bought her first house when she was only 17 years old. At that time, she dropped 2.7 million for the mansion located in an exclusive gated community called The Oaks, in Calabasas, California. Later on, in 2017, she sold the mansion for $3.15 million.

Currently, the American media personality resides in a mansion situated in Hidden Hills, California. The 13,000-square-foot mansion is an eight-bedroom, 11-bathroom Cape Code-style mansion. She paid a whopping $12 million in the year 2016 to get a hold of the mansion.

In May 2016, the mom of two spent $6 million to get her first mansion in Hidden Hills. Her house is set atop somewhat around 4.5 acres of land and it has six bedrooms and seven bathrooms. At some point, she also bought the vacant lot immediately next door. In September 2018, she put her mansion up on sale, and sold it for $6.7 million and the empty lot for $5.35 million. In October 2018, she and Travis Scott purchased a house in Beverly Hills for $13.45 million.

In February 2019, the Life of Kylie star paid $3.25 million for an undeveloped plot of land in La Quinta. In April 2020, she bought a mansion in Holmby Hills, California for $36.25 million. Next month, she shelled out a hefty $12 million for a vacant lot in Hidden Hills, California. She hired the famed architect Richard Landry to plan an 18,000-square-foot mansion.

Do you like the beauty products from Kylie’s makeup line Kylie Cosmetics? Kindly let us know your thoughts on the same in the comments section below. Don’t forget to stay tuned with us for the latest updates from the world.