Kylie Jenner Net Worth 2020 - Make Money

Kylie Jenner Net Worth 2020
Kylie Jenner is an American model, reality television star and
cosmetics entrepreneur. In a given year, Kylie earns around
$40 – $100 million from her various endeavors. The vast
majority of her net worth comes from a cosmetics company
called Kylie Cosmetics. In November 2019, Kylie sold 51% of
her company to Coty Inc. for $600 million. Valuing the company
as a whole at $1.2 billion. As of May 2020, that value has
declined significantly. Kylie definitely earned around $340
million after taxes from the sale, but the value of her
remaining 45% stake in the brand has gone down significantly.

As of 2020 Kylie Jenner’s net worth is $700 million.

Kylie Jenner Net Worth Milestones

Celebrity Net Worth first began tracking Kylie’s wealth in
November 2011. At the time we estimated that the 14 year old
had a net worth of $300 thousand. In June 2013 we raised our
estimate to $2 million. By mid 2014 her net worth had doubled
to $4 million. She first crossed $10 million in July 2016.
Kylie’s net worth started to sky rocket around mid-2017. In
June 2017 we pegged her net worth at $50 million. In July 2018
we raised that number to $200 million. 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.

Early Life

Kylie Jenner was born on August 10, 1997 in Los Angeles,
California. She is the youngest daughter produced by the
marriage of businesswomen Kris Jennerand the former Olympic
athlete Bruce Jenner (who is known today as Caitlyn Jenner).
Kylie’s older sister is model Kendall Jenner and her half-
siblings include Kim Kardashian, Kourtney and Khloe Kardashian
and Brody Jenner. Kylie was just 10 years old when Keeping Up
with the Kardashians debuted on E! on October 14, 2007. Today
the KUWTK is the longest-running reality series in the US. For
several over the early years of the show Kylie was a regular
pre-teen who attended school and was a member of the cheer-
leading team. In 2012 she left traditional school and began
attending a home-school educational program. She earned a high
school diploma in July 2015.

Is Kylie Jenner A Billionaire? –
NO.

In November 18, 2019, Kylie Jenner was crowned a billionaire
by Forbes. Forbes claimed she 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.
Coty Inc. is a recently-struggling beauty business that owns
brands like CoverGirl and MaxFactor. Kylie will remain the
public face of the brand. Forbes claimed the deal valued her
remaining 49% stake at $588 million on paper.

Coty, which also owns Clairol and OPI nail polish, has
struggled in recent years with lagging revenue and executive

turnover. The European-based company, which is controlled by
an investment firm called JAB Ltd., has seen its stock price
cut in half since 2016 when it acquired a dozen cosmetics
brand from Procter & Gamble.

For the company to be worth $1.2 billion, she somehow
convinced Coty Inc to pay a mind-boggling 27X multiple of
profits.

FYI, Facebook currently trades at 26X profits. Procter &
Gamble trades at 24X. Coty itself trades at 18X profits.

After paying taxes on the $600 million portion of the sale,
Kylie will likely be left with around $300 million. We can’t
say for sure just yet because it’s not yet clear how $600
million has been structured. Was it all cash? Stock? A mixture
of both? These questions have major implications on her tax
treatment and ultimately net cash haul from the deal.
Furthermore, Coty does not expect the deal to officially close
until the third quarter of 2020.

***Update***

On May 29, 2020 Forbes published a retraction article in which
they admit that all the numbers they had reported previously
were false. Literally made up by Kylie’s accountants.

More info on this history below…

(ANGELA WEISS/AFP via Getty Images)

Wealth Estimates

We here at CelebrityNetWorth have been skeptical of
proclamations of Kylie’s wealth for years. Back in mid-2018 we
estimated that her net worth was $150-$200 million. In July of
that year Forbes published an article that claimed she was
worth $900 million and on track to be the youngest self-made
billionaire in the world all based on the reported revenue and
growth of Kylie Cosmetics. We saw the same numbers and knew
right away they were likely entirely made up. So on the same
day Forbes went live with their article, we published the
following:

That 2018 Forbes article claimed that Kylie’s makeup company
was worth $800 million. The article reported that in 2016,
Kylie’s company generated $307 million in revenue and in 2017
$330 million with $100 million in profit. The article also
mentioned that Kylie Cosmetics’ revenues had not been growing.
In fact overall revenue grew just 7% in 2017 and was $70
million lower than had been predicted in mid-2017.
Furthermore, her lip-kit revenue was actually down 35%, year
over year.

In our opinion at the time, a much more reasonable multiple
would have been 4x profits, which would have valued the
company as a whole at $400 million. As the 100% owner she
would have gotten around $260 million after taxes from a sale.
Therefore we thought a much more reality-based net worth
number for Kylie in July 2018 was $300-400 million.

Actually we wrong about everything above.

On May 29, 2020 Forbes was forced to write a retraction
article titled:

“Inside Kylie Jenner’s Web of Lies – And Why She’s No Longer a
Billionaire“

In that article Forbes finally admits that all of their
information was false. All of it. All of their headlines and
magazine covers were based on lies and/or total
misrepresentations. From the Forbes the May 2020 Forbes
retraction:

“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 skin care 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 continued:

“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.“

And:

“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.“

Coty Sale

All this doesn’t mean that Kylie didn’t make A TON of money
from her sale to Coty. Though Forbes also pointed out in their
retraction that Kylie did not own a full 100% at the time of
sale. It appears as though Kriss Jenner owned at least 10%.
Kylie sold half of her 90% stake at a $1.2 billion valuation.
If the deal was all-cash, Kylie would have received roughly
$340 million in post-tax cash from the deal while still owning
a 45% paper stake in brand.

Unfortunately for Kylie and Coty, the sale has not exactly
been kind to the parent company’s stock price. In the six
months following the deal, Coty’s stock cratered 60%, at least
somewhat on the news that it massively over-paid for Kylie
Cosmetics and will likely have to write down the value of the
brand. That will certainly reduce the paper value of Kylie’s
remaining 45%. Here’s a chart of Coty stock between May 2019
and May 2020:

Note the dot on the chart at November 18, 2019. That is the
day the Kylie sale was announced. Coty’s stock was at $12.22.
Over the next few months the stock lost 70% of its value.

The company’s total market cap today, according to investors,
is $2.8 billion. That constitutes the total combined value of
dozens of brands including Kylie Cosmetics, which as we noted,
was probably never worth anywhere near $1.2 billion. It’s more
than likely that Coty will soon have to write-off a large
percentage of the Kylie brand, rendering Jenner’s remaining
45% stake valueless.

Kylie Jenner Net Worth (Getty Images)

Early    Career                    Success              and
Endorsements

Kylie Jenner’s modeling career took off with the Sears
clothing line “Crush Your Style”. She has also been featured
in various photo shoots for publications like OK!
Magazine and Teen Vogue. Kylie Jenner made her catwalk debut
at New York’s Fashion Week in September 2011. The family
members were there, in front row, cheering on their little
sister through the nerve-wracking moment. She may have been
nervous, but this little diva didn’t let it show, as she
strutted down the catwalk, rocking a black ballerina-style
dress by Abbey Dawn. Following her big sis Kendall’s
footsteps, Jenner landed modeling gigs for various companies
including Australian swimwear designer White Sands. Jenner was
featured in People magazine’s beautiful people article with
her big sister in 2010. Kylie and Kendall hosted red-carpet
events for Glee: The 3D Concert Movie and The Twilight Saga:
Breaking Dawn – Part 1 in Los Angeles. They also did an
interview in the Bing Box at The Hunger Games premiere on
March 12, 2012. In 2013 Kylie and Kendall both earned $100,000
to endorse a line of nail lacquers called Nicole by OPI. Kylie
and Kendall also released a science fiction novel, Rebels:
City of Indra which is about two girls with superpowers who
embark on a journey. When Kylie and Kendall co-hosted the 2014
Much Music Video Awards, Kylie finally made her acting debut
in a promo for the show. In 2014 Kylie launched a line of
handbags for Steve Madden. In March 2015 she became the brand
ambassador for skincare company Nip + Fab. In June 2015 Kylie
and Kendall launched a clothing line with British fashion
retailer Topshop. In 2016 Kylie was announced as the new face
of PUMA. In 2017 Kylie launched a line of sunglasses with an
Australian company called Quay Australia.

Kylie Cosmetics

Kylie’s   enormous   personal   fortune   comes   thanks   to   her
cosmetics empire. She created her first product, a line of
lipstick, in August 2015. The “Kylie Lip Kit” was an instant
success. She launched a personalized website and app in
September 2015.

Kylie Jenner Real Estate

Over the years, the youngest of the Kardashian-Jenner sisters
has bought and sold a number of houses around Southern
California. Her current primary residence is an eight-bedroom,
11-bathroom Cape Code style mansion in Hidden Hills,
California which she bought in 2016 for $12 million.

Personal Life

Kylie first started dating rapper travis scott in 2017. They
welcomed a daughter in February 2018. They started living
apart in mid-2019. She had previously been in a relationship
with rapper Tyga between 2014 and 2017.

Summary

Kylie Jenner’s net worth is $700 million as of 2020.

Kylie Jenner Net Worth Milestones

                 Year                  Net Worth
                 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                 $700,000,000

Kylie Jenner

  Net Worth:               $700 Million
Date of Birth:    Aug 10, 1997 (23 years old)
   Gender:                   Female
   Height:              5 ft 8 in (1.75 m)

Profession:    Model, TV Personality, Writer
 Nationality:      United States of America
 Last Updated:               2020

Source: celebritynetworth