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All Rights Reserved. Forbes estimates lip-kit revenue dipped 35% from approximately $153 million in 2016 to $99 million in 2017. The mansion comes with seven bedrooms, fourteen bathrooms, two extra guest houses, and even a guardhouse for her security (more on them later!) Kylie Jenner. "I said, 'I'm ready to put up my own money. Jenner, who claims she was insecure about her lips, developed the habit of applying liner beyond her lips' natural perimeter to create the illusion of bigger lips. By the end of 2016 Jenner's company was selling 50-odd products, with revenue of $307 million–for a company less than a year old. Kylie Lip Kits relaunched as Kylie Cosmetics on Shopify in February 2016, this time stocked with 500,000 lip kits in six shades. Resellers started offering the $29 product on eBay for up to $1,000. Unsurprisingly for a child who grew up on camera, Jenner has always been precocious–especially in her appearance. FORTUNE may receive compensation for some links to products and services on this website. Forbes claims the now-millionaire misled Coty into buying 51% of her Kylie Cosmetics in a deal that valued it at $1.2 billion even as her business kept falling in recent years. Kylie Jenner at her mother Kris' house in Calabasas, Calif. Instagram also helped Huda Kattan, 34, make our list for the first time this year, with an estimated net worth of $550 million. © 2021 Forbes Media LLC. Of course, she is first a reality TV star and then a businessperson earning her $700 million net worth from those professions. As ultralight startups go, Jenner's operation is essentially air. Altogether they employ more than 500 people just to work on Kylie Cosmetics. Pas grâce à papa, mais par sa propre entreprise de cosmétiques fondée quand elle en avait 17. But at the end of the day, why bother? The youngest member of the Kardashian-Jenner industrial complex needs to decide how to showcase products by her Kylie Cosmetics makeup company. That allows Jenner to introduce new products for her trend-driven fan base within weeks of conjuring them. Nationalité (s) : Américaine Fille de Kris Mary Jenner et de Caitlyn Marie Jenner (Bruce Jenner), Kylie Kristen Jenner est l’une des personnalités les plus influentes au monde. The next day, she submitted 10 applications to trademark Kylie Hair and Kylie Hair by Kylie Jenner —a natural extension of Kylie Cosmetics, with an … The magazine had pegged the … Click the link in our bio to find out how she built a $900 million fortune in less than 3 years. It's not that much different from the early days of Donald Trump's presidential campaign, when his strategy basically consisted of calling in to television shows, tweeting provocatively and holding an occasional rally. Kylie Cosmetics launched in 2015 with one product, its signature Kylie Lip Kit, and has since expanded to a full makeup line and last month debuted Kylie Skin. Steered by their mother, Kris, each scion had a moneymaking scheme, from mobile gaming (Kim) to modeling (Kendall) and even socks (Rob), but the teenage Jenner felt adrift. The numbers kept getting bigger. In December the company sold a minority stake to private equity firm TSG Consumer Partners; its recent $1 billion valuation translates into five times wholesale sales. Rihanna followed in September with Fenty Beauty, which focuses on color-inclusive shades, in partnership with LVMH division Kendo. Kylie Jenner sits at a dark-wood dining table at her mother's home in Calabasas, California, flicking through display options for a forthcoming pop-up shop. A makeup artist turned digital influencer, with 26 million Instagram followers, she started Huda Beauty in 2013 after three years of blogging about cosmetics. Kylie Jenner topped Forbes' list of the year's highest-paid celebrities, based on earnings from June 2019 through May 2020. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. (We estimate that 37-year-old Kardashian West, for comparison, is worth $350 million.) By Madeline Berg Forbes Staff Oct 13, 2020 The beauty chain said it reported better than expected 9.4% year-over-year same-store sales growth in the fourth quarter, thanks in part to Jenner’s line. But celebrity lines cannot command valuations anywhere near the six times revenue that other beauty brands demand because of the volatility of relying on one name to sell a product. I'm an associate editor at Forbes covering media and entertainment, with a focus on the movie business. Industry: Retail. 29 May 2020, 16:06 | Updated: 2 October 2020, 23:01. All Rights Reserved, This is a BETA experience. While Jenner dismisses the idea of selling out, her calculating mother–who got paid an estimated $17 million by her daughter in the past year–can do the math. Kylie Jenner still makes close to $1 million per Instagram post Matt Winkelmeyer/Getty Images While Kylie Jenner might not be a billionaire, she's still sitting pretty with a massive fortune. Elle a 21 ans et elle est déjà milliardaire. KYLIE Jenner reportedly lied about being a billionaire - and her tax returns have been called into question. Finance and PR? Read the latest: At 21, Kylie Jenner Becomes The Youngest Self-Made Billionaire Ever. Add to that the millions she's earned from TV programs and endorsing products like Puma shoes and PacSun clothing, and $60 million in estimated after-tax dividends she's taken from her company, and she's conservatively worth $900 million, which along with her age makes her the youngest person on the fourth annual ranking of America's Richest Self-Made Women. Kylie Jenner and her sister Kim Kardashian West at a fashion show in 2016 thrown by Kim’s husband, the rapper Kanye West. Kylie Jenner is worth an estimated $900 million, making her the richest of the Kardashian-Jenner clan, beating out Kim Kardashian West by hundreds of millions. She is officially the youngest self-made billionaire. It's a huge win for Spatz, which Forbes estimates got paid $180 million in 2017 for products and services, or roughly 55% of total sales. Kylie Jenner. The youngest daughter of Kris and Caitlyn Jenner (formerly Olympic gold medal decathlete Bruce Jenner), sibling of supermodel Kendall Jenner and half-sister of Kim, Kourtney, Khloe and Rob Kardashian, Kylie Jenner grew up under a microscope. (Kylie Cosmetics disputes the figure but refuses to disclose how much it paid.) One of her very first incomes was from the family’s reality TV show, Keeping Up With The Kardashians. You may opt-out by. Kylie Jenner launched her namesake cosmetics company in 2015 using $250,000 of her earnings from modeling; her first batch of lip kits sold out in minutes. © 2020 Fortune Media IP Limited. Kylie Jenner collabore avec sa sœur Kendall Jenner, interviewant le casting de la série Glee en mars 2011, puis celui des films Hungers Games en mars 2012 [11], [12].Kylie Jenner se consacre dans un premier temps au mannequinat et pose pour la collection d'Avril Lavigne Abbey Dawn 2012 et défile lors du lancement de la collection Hello Kitty pour Forever 21 à Los Angeles [13], [14]. Kylie Jenner Criticized for Asking Fans to Donate to Her Friend's GoFundMe Kanye West US rapper Kanye West attends the WSJ Magazine 2019 Innovator Awards at MOMA on November 6, … Her near-billion-dollar empire consists of just seven full-time and five part-time employees. "Before I even refreshed the page, everything was sold out," Jenner says. It valued the 23-year-old’s fortune at around $700 million, citing a tough year for cosmetic sales during the coronavirus pandemic and what it said were previous overestimates of revenue from Kylie Cosmetics, now 51% owned by Coty Inc . The Leukemia & Lymphoma Society BrandVoice, the fourth annual ranking of America's Richest Self-Made Women, Mark Zuckerberg, who became a billionaire at age 23, Snapchat's Evan Spiegel also became a billionaire in his early 20s, make our list for the first time this year. Kylie Jenner still makes close to $1 million per Instagram post Matt Winkelmeyer/Getty Images While Kylie Jenner might not be a billionaire, she's still sitting pretty with a massive fortune. Sur cette base, elle ferait partie des plus jeunes millionnaires du monde. You can send me a secure tip at forbes.com/tips or submit sensitive documents anonymously and securely at SafeSource.forbes.com. Today is Kylie Jenner's 23rd birthday. En mai dernier, le magazine Forbes a estimé sa fortune à 900 millions de dollars. KYLIE Jenner has been dropped from Forbes' list of billionaires and accused of lying about her status. That's where all of Kylie's products are now formulated and made. Another year of growth will make her the youngest self-made billionaire ever, male or female, trumping Mark Zuckerberg, who became a billionaire at age 23. Kylie Cosmetics could certainly sell for half that, or three times sales, which is where Forbes places its valuation. Offers may be subject to change without notice. The youngest of the Kardashian-Jenner siblings amassed her fortune from engaging in numerous ventures. "No other influencer has ever gotten to the volume or had the rabid fans and consistency that Kylie has had for the last two and a half years," adds Padelford, whose Shopify Plus also powers the online stores of Drake, Justin Bieber–and Kardashian West. Read More Related Articles. Her shrewd mother, Kris, handles the actual business stuff, in exchange for the 10% management cut she takes from all her children. As of mid-2019 we estimated her fortune at $300-400 million, much of which is paper-wealth based on the value of Kylie Cosmetics. Kylie Jenner is well on her way to become a multi-billlionaire by the time she's 23 after swelling her fortune by almost double by selling a stake in her cosmetic line.. A vastly improved search engine helps you find the latest on companies, business leaders, and news more easily. That’s a lot of lip kits! Kylie Cosmetics and Jenner herself have a combined 150 million followers on Instagram, a built-in target audience for 100% of their marketing efforts: beauty shots, how-to videos, announcements of capsule “collab” collections with celebrities, including her famous siblings in the Kardashian/Jenner clan. The Kardashian/Jenner family has lots to celebrate this week.. Just a week after declaring that Kylie Jenner is not a billionaire and accusing Jenner and her camp of providing them with fake tax returns, Forbes placed the Lip Kit queen in the number one spot on their celebrities list and her brother-in-law Kanye West won the number two spot with his $170M fortune. Kylie Cosmetics. Even using a conservative multiple, and applying our standard 20% discount, Forbes values her company, which has since added other cosmetics like eye shadow and concealer, at nearly $800 million. Kylie Jenner: Forbes elimina de la lista de multimillonarios a la celebridad estadounidense por "inflar" su fortuna But Kylie Cosmetics, which had spent its young life entirely online, launched its biggest collab late last year, when it began selling in Ulta Beauty, which has almost 1,200 stores nationally. Jenner on the August 31, 2018 issue of Forbes. "In a couple of years it wouldn't surprise me if she was on to something else. But she's not just making history as a woman. Or did it? Se estima que su fortuna actual es de 900 millones de dólares. Kylie Jenner, aujourd'hui âgée de 22 ans, a été nommée le plus jeune milliardaire "self-made" (autodidacte) du monde à 21 ans en mars dernier, principalement grâce à Kylie Cosmetics. That’s a lot of lip kits! Products of reality television, both Trump and Jenner understood how fame can be leveraged–that they are as much brands as people and that fame is just another word for free marketing. 5 março 2019. She used some $250,000 of her earnings from modeling gigs to pay an outside company to produce the first 15,000 lip kits. L'autre membre la plus riche des Kardashian-Jenner est Kim Kardashian West, dont la fortune est estimée à 370 millions de dollars. The manufacturing works similarly. The manufacturing works similarly. Kylie Jenner’s Net Worth. Jenner wisely defers to the Nelsons' know-how rather than develop and test new formulas, a process that can take up to six months. Capitalizing on her front-row view, Kardashian West founded her own line, KKW Beauty, in June 2017 and has already nabbed an estimated $100 million in revenue. "Social media is an amazing platform," Jenner says. Would someone buy it? Kylie Jenner allegedly lied about her billionaire status Credit: Rex Features Forbes published a scathing report on Friday reevaluating Kylie's alleged worth - and determined she is not a billionaire. Kylie Jenner : son incroyable fortune en couverture de Forbes. Crédito, Getty Images. Its parent company, Seed Beauty, also handles everything else, from packaging to shipping fulfillment. "Forbes has recalculated Kylie’s net worth and concluded that she is not a billionaire," reporters Chase Peterson-Withorn and Madeline Berg claimed. She is officially the youngest self-made billionaire. "It's always something that we're willing to explore," she says. Kylie Jenner bought a mansion in April of this year for $36 million. At 22 years old, Kylie Jenner is estimated to be worth $1 billion. Kylie Jenner — Foto: Reprodução/Instagram Kylie Jenner se tornou a pessoa mais jovem a atingir um patrimônio bilionário, segundo a lista da revista Forbes divulgada nesta terça-feira (5). Kylie Jenner : son incroyable fortune en couverture de Forbes. Sales and fulfillment? ), Ultimately their fortunes all derive from the same place. Jeunesse. Kylie Cosmetics launched two years ago with a $29 "lip kit" consisting of a matching set of lipstick and lip liner, and has sold more than $630 million worth of makeup since, including an estimated $330 million in 2017. As a former reporter on Forbes’ wealth team, I covered the world's 1,820+ billionaires, examining how they made, spent and gave away their fortunes. Kylie Jenner started a lipstick company in 2014 Credit: Getty Images - Getty. The Kylie Cosmetics founder even gifted some to others. Especially with a business tied to the fickle world of personal fame. Early Life Kylie Jenner was … Stars fall out of public favor or lose interest. "To watch the internet focus down on one website was crazy.". Here are all the ways the 20-year-old makes her fortune, from reality TV to endorsement deals to her cosmetics company. Manufacturing and packaging? Terms & Conditions. "I struggled for a minute with finding something to do on my own," Jenner says. Kylie Jenner has built up an astounding net worth. Quotes delayed at least 15 minutes. I also co-edit the 30 Under 30 Music and Hollywood lists, as well as the Entertainment section of Under 30 Europe. "All of them could change their minds," Shannon Coyne, an equity research analyst at BMO Capital Markets, says of the influx of celebrity makeup entrepreneurs. What her half-sister Kim Kardashian West did for booty, Jenner has done for full lips. Kylie Jenner a sus 22 años presume de ser la persona millonaria más joven y es que, la industria del maquillaje vende... y muy bien. Opinions expressed by Forbes Contributors are their own. "I think it needs to be a clear vending machine where you see all the colors.". To use Shopify's platform, Jenner pays an estimated $480,000 annually, plus 0.15% of sales–pennies compared with the cost of doing that volume at physical retail. Kris Jenner found siblings John and Laura Nelson, inheritors of Spatz Laboratories, which has long produced private-label cosmetics out of its 80,000-square-foot facility in Oxnard and an outpost in Nanjing, China. We cover images of kylie jenner before surgery alongwith the changes in Kylie skin. For the magazine, I've written cover stories on Kim Kardashian's mobile universe and China's Hollywood ambitions, plus features on companies from White Castle to Paddle8. Outsourced to Seed Beauty, a private-label producer in nearby Oxnard, California. Kylie Jenner's car collection is worth over $14 million, and she's got quite the exotic ones. Kylie Jenner: From Lip Kits To A Billion Dollar Fortune | Forbes - YouTube. A graduate of Columbia University, I've written for The National newspaper in my hometown of Abu Dhabi and CNN.com in Hong Kong, among others. Kylie Jenner at The Vanity Fair Oscar Party on February 9, 2020 in Los Angeles, ... West, 42, has also disagreed with the publication’s reports about his fortune in the past. Check out Kylie Jenner plastic surgery details and her transformation. (The partnership was so successful that L'Oréal sued Spatz Labs in May 2016, alleging it had breached its long-term contract in order to manufacture Jenner's products. It’s unclear if she earns “something” from TikTok, but she is trying to direct people to her cosmetic stores through her posts. She learned about makeup by watching YouTube videos and scrutinizing the professionals painting her face for TV appearances and photo shoots. In January 2020, cosmetics giant Coty Inc. paid $600 million for a 51% stake of the brand in a deal that netted Jenner … The Kardashian/Jenner family has lots to celebrate this week.. Just a week after declaring that Kylie Jenner is not a billionaire and accusing Jenner and her camp of providing them with fake tax returns, Forbes placed the Lip Kit queen in the number one spot on their celebrities list and her brother-in-law Kanye West won the number two spot with his $170M fortune. She has her own cosmetics company – Kylie Cosmetics, and this has also brought her a ton of fortune. "They're not looking to be sustainable brands," said Mintel's Sarah Jindal, referring to Kylie Cosmetics and KKW Beauty. "Kylie seems to want to create this beauty empire, but anything can happen, and she's so young.". Jenner owns 100% of it. So, you can’t classify Kylie Jenner as a ‘Tiktoker’. As with sister Kim's sex-tape fame, Kylie Cosmetics got started by capitalizing on a scandal. In May 2015, she admitted to having temporary lip fillers–and with Kris Jenner dusting off her Kim Kardashian playbook, she almost immediately cashed in on it. Title. I don't want to do it with anyone else,' " Jenner recalls. In November 2016 her holiday collection snagged nearly $19 million worth of orders in the 24 hours after it launched. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. And that's before the 16.4 million who follow her company directly, or the 25.6 million who follow her on Twitter, or the occasional social media assists from her siblings and friends. Powered and implemented by Interactive Data Managed Solutions. But while her sister is best-known for the former, Jenner has proved adept at the latter. This is where Mom comes in again. Outsourced to the online outlet Shopify. Kris Jenner found siblings John and Laura Nelson, inheritors of Spatz Laboratories, which has long produced private-label cosmetics out of its 80,000-square-foot facility in Oxnard and an outpost in Nanjing, China. La influencer es la Kylie Cosmetics has already generated an estimated $230 million in net profit. Kylie Jenner at her mother Kris' house in Calabasas, Calif. Jamel Toppin. Spatz Laboratories denied the claims; the companies are working to reach a settlement as of publication.). Idol Celebs bills his net worth at $1.5 million to $5.5 million, while Celeb Net Worth Info bills him at $100 million-$103 million approximately, quoting Wikipedia, Forbes and other sources. "You guys, imagine this, but all in lip kits," says Jenner, dressed in a black blazer and matching black patent Louboutins with bright red soles. I'm an associate editor at Forbes covering media and entertainment, with a focus on the movie business. KYLIE Jenner has been dropped from Forbes' list of billionaires and accused of lying about her status. The manufacturing works similarly. In historic fashion. After being named “the youngest self-made billionaire of all time” in 2019, Kylie Jenner’s net worth has declined to $700 million, according to Forbes’s estimates as of October 2020.

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