Kylie Jenner the new mother is now the richest of the Kardashian-Jenners.
With private jets, an endless supply of designer clothes, and custom cars, we do not think you’ll be surprised when we tell you that Kardashians are very wealthy. This article talks about Kylie Jenner net worth and her source of wealth. Kylie is the latest billionaire from the Kardashian-Jenner dynasty.
How much is Kylie Jenner worth?
Following the implosion of the Internet on Kyle Forbes, the youngest member of the KUWTK (Keeping Up with the Kardashians) clan is worth about $900 million.
Kylie Jenner became the richest of the Kardashian-Jenner brothers after her incredible net worth was revealed.
The 21-year-old makeup artist, who recently gave birth to a girl, Stormi, with rapper Travis Scott, is set to become the youngest billionaire of all time.
Her business, Kylie Cosmetics, has an estimated value of $900 million and she is the youngest person in Forbes’ annual America’s Richest Self-Made Women ranking.
The estimate is due to the growth of her beauty empire, which sells popular makeup products, including its famous Lip Kits sold for $29, Kylighters and eyeshadow palettes that are always sold in minutes.
Kylie’s limited edition product “drops” creates massive flash sales, as at November 2016, when her vacation collection raised nearly $ 19 million in 24 hours.
In the first 18 months of the launch of the brand, Kylie recorded a turnover of $ 420 million, and the business (Kylie Cosmetics) has sold more than $ 630 million in makeup since its inception in February 2016.
Kylie Jenner owns 100% of the company.
Taking endorsements, clothing line and TV work into the mix, you’ll be counting the extra millions.
There has been some controversy around the concept of “self-made” because there is the small detail of her being born into a wealthy family with famous parents and their TV program. But that’s probably another topic for another day.
Forbes’ reporter, Natalie Robehmed explained how Kylie Cosmetics has found success by leveraging the power of Jenner’s immense social-media following and reducing costs by outsourcing labor. Apart from Kylie’s mother, Kris Jenner who handles finances and public relations, There are only five full-time employees working for the brand.
According to Forbes, Kylie Cosmetics is experiencing slow growth at the moment with revenue growing just 7% last year, and lip-kit revenue dropping an estimated 35%.
However, the magazine says it would take more than a slow year of sales to stop Jenner from reaching billionaire status and even get ahead of Facebook’s Mark Zuckerberg, who became a billionaire at 23.
Her half-sister Kim comes in second with an estimated net worth of $ 175 million, followed by Khloe, who had her first child with her boyfriend, Tristan Thompson.
Here’s how Kim, Khloe and the other siblings are ranked:
Kim Kardashian – $ 175 million
Khloe Kardashian: $ 40 million
Kourtney Kardashian: $ 35 million
Kendall Jenner – $ 18 million
Rob Kardashian – $ 6 million
In an interview with her mother and matriarch Kardashian, Kris Jenner, for LOVE magazine before the birth of her daughter, Kylie spoke about the future of her business.
“Oh, I haven’t even dipped my toes in yet,”
“There are so many products that I have yet to do. That will take years,” she said
“I think truly; I put a lot of hard work into this. It’s not like I am doing this to make money. I don’t even think about that part.” she added
As stated by the social media measurement company, D’Marie Analytics, Kylie Jenner’s social media publications are worth a million pounds each.
Kylie, is now a more important social media influencer than Beyonce, even though she has fewer followers.
Source of Wealth: Cosmetic
Residence: Hidden Hills, California
Citizenship: United States
Marital Status: single