Kylie Jenner, the queen of controversies, just turned 23 years old yesterday. And yes, exactly as you must be wondering, she is most likely to celebrate it in style.
Last year, a young mogul rented a $200 million superyacht to celebrate her 22nd birthday.
At the age of 21, she was declared the world’s youngest “self-made” billionaire by Forbes; all credit goes to her thriving makeup company, Kylie Cosmetics. However, Forbes investigated in May, and it turned out that Jenner’s net worth was highly exaggerated and she is not a billionaire.
Jenner launched her cosmetic venture in 2015 and claimed to have gained 400 million profit in its initial 18 months, according to Forbes. Jenner sold out the majority of her stake in the cosmetics company to beauty conglomerate Coty Inc. for 600 million dollars, which worth the company at $1.2 billion.
But the magazine accuses that Jenner has over-exaggerated her company’s revenue, and reported that her company hasn’t made as much profit as what Jenner claimed. Like other businesses, Kylie’s cosmetic venture also has been affected by the coronavirus pandemic.
Regardless of her confusing billionaire status, Jenner created a successful cosmetics empire, featured together with her family in a reality show “Keeping Up with the Kardashians” including her exclusive “Life of Kylie,” spin-off show.
She initiated a clothing brand in-partnership with her sister, and become a powerful social media influencer and earned millions just by promoting products on the social media platform Instagram – all these things at the age when we were most probably thinking about an excuse for missing a class.
Scroll down and discover how she made a net worth of $900 million at such a young age:
In March 2019, Forbes named her “The World’s Youngest Self-Made Billionaire”.
image credit: Youtube
Though many criticized the magazine for using the term “self-made” because she was born with so many privileges in a rich and famous family, later, the magazine justified and stated that Kylie’s family had cut their ties off with Jenner long ago. She made this popularity all by herself. Quite impressive, right?
She was stripped off a billionaire status.
image credit: thestateman
In May, Forbes carried on an investigation and found that Kylie’s net worth was highly exaggerated. Her true net worth is actually $900 million and she has not reached a billionaire landmark yet! The magazine said that the company misled them into believing that she made billions of dollars. Well, we think it’s the magazine’s incompetency which they are trying to put on her shoulders.
She came into light after participating in a reality show “Keeping Up with Kardashians” alongside her family at the age of nine years.
image credit: The Blast
Rumors have it that the family collectively profited about $30 million per season of the show in 2017. Though, it’s still unclear how much exactly they have earned from the show.
Kylie got her own exclusively spin-off show called “Life of Kylie” in 2017
image credit: Amazon
At the age of just 15, Kylie Jenner launched her brand of clothing in partnership with her sister Kendal Jenner
image credit: The independent
Kylie made most of her fortunes from her cosmetic venture, Kylie Cosmetics. She launched it in 2015 when she was only 18 years old.
image credit: Harper’s Bazaar Arabia
The company reportedly sold around $630 worth of makeup in its first 18 months, including approx—$ 330 million in 2017 only.
Kylie’s mother, Kris Jenner, is handling her financial and public relations department in exchange for a 10$ management fee.
image credit: Page six
Jenner sold the majority of her stakes in Kylie’s cosmetics to Coty Inc. for $600 million, which valued the company for $1.2 billion.
image credit: Glossy
She became a powerful social media influencer, with 189 million followers on her Instagram. Once she tweeted that she is no longer using Snapchat because of its new version, and her tweet cost Snapchat a billion dollars.
image credit: Pinterest
Kylie Jenner is also a brand ambassador for big brands like Puma.
image credit: Glamour
Since it’s her birthday, rejoice the moment with exclusive deals of Kylie products available on Amazon. Jenner Birthday Edition- 6PCS Women Long Lasting Lip Gloss, Kylie Skin Face Moisturizer, and the best pro Eyeshadow Palette Makeup.