Kylie Jenner, a model and businesswoman from the United States, is worth $750 million as per celebritynetworth. The Kylie Cosmetics brand is her primary source of income.
Although she sold 51% of her shares for $600 million, her remaining 45% of the company is now worth less. In the year of the sale, she spent $130 million on homes and a private jet.
Authentic sources have been monitoring Kylie Jenner’s wealth since 2011. Her estimated net worth was $300k initially, rising to $2 million in 2013 and $4 million in 2014.
By 2016, she had crossed $10 million; by the middle of 2019, she had accumulated $300–400 million, primarily from Kylie Cosmetics.
Net Worth Growth
- 2011: $300,000
- 2013: $2,000,000
- 2014: $4,000,000
- 2016: $10,000,000
- 2017: $50,000,000
- 2018: $200,000,000
- 2019: $300,000,000
- 2020: $650,000,000
- 2021: $700,000,000
- 2022: $750,000,000
- 2023: $750 million
It is still accurate to say that Kylie made a large profit from her sale to Coty.
However, it should be emphasized that Kris Jenner still owned at least 10% of the company at the time of the transaction. Therefore Kylie did not fully control it.
For $1.2 billion, Kylie sold 50% of her 90% interest, netting her about $340 million after taxes if the transaction had been all cash. In addition, Kylie continued to own a 45% paper share in the company.
At least five properties in Southern California are owned by Kylie Jenner, including a $36.5 million mansion in Holmby Hills and an $8 million, 8-bedroom home in Hidden Hills.
She has acquired and sold several houses over the years, including a $13.45 million Beverly Hills residence and a $2.7 million Calabasas residence.
According to a source close to Kris Jenner, Kylie Jenner spends $300k monthly on clothing for herself and her daughter and $300k to $400k monthly on security and car expenses.
Her annual property tax cost for her acquired properties in California is about $800k, or about $67k per month, for homes she bought for $80 million.
Kylie Jenner purchased a Global Express private plane for $72 million, and she has come under fire for utilizing it even for brief flights.
She was given the moniker “Climate Criminal” in July 2022 after traveling from Van Nuys to Camarillo on a flight that took only 12 minutes but could have taken an hour by automobile.
A social media photo of her and her boyfriend, Travis Scott, in front of two private jets also drew criticism. Fans see this as at odds with her reputation as an environmentalist.