Kylie Jenner Net Worth: Lip Kit Queen's Fortune After Billionaire Status Is Revoked
29 May 2020, 16:06 | Updated: 2 October 2020, 23:01
Kylie Jenner is apparently no longer of billionaire status, so what is the Keeping Up With The Kardashians star’s net worth?
Kylie Jenner, 22, was announced as the world’s youngest self made billionaire for the second year in a row this year, however Forbes have sensationally revoked her record-breaking title.
In an unexpected turn Kylie Cosmetics is, according to Forbes, “significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets to believe."
Nevertheless, Kylie has been hugely successful with her empire of Kylie Cosmetics which she founded in 2015, so what is her net worth?
What is Kylie Jenner’s net worth?
After accusing Kylie of 'inflating' the size and worth of her business, Forbes now claim Kylie realistically has a net worth of around $900 million (£730million).
A staggering net worth of $1 billion, which is what the star was reported to be worth in 2019 and at the start of 2020, roughly equates to an astounding £811million.
How did Kylie Jenner build up her net worth?
The reality TV star can credit her bank statement to her globally famous cosmetics company, Kylie Cosmetics.
Kylie founded the brand in 2015 by selling lip kits consisting of lipsticks and a matching lip liner.
She has since expanded the business to sell a range of other cosmetics such as blushers, highlighters, concealers, eyeshadow palettes, and even skincare – products which are all just as popular as her lip kits.
This and the extortionate price she can charge for social media posts mean she's boosted her fortune by millions over the past few years.
Kylie cemented her place at the top of the youngest billionaires list in November when she sold 51 per cent of her makeup brand to multi-national beauty company Coty Inc for $600million (£490million).
Kylie Cosmetics was valued at $1.2billion (£1.1billion) at the time, meaning she still receives a generous pay check from her remaining 49 per cent share.
That same month she rose to the top of the Instagram Rich List according to HopperHQ, meaning she rakes in on average $1,266,000 (£1 million) per sponsored social media post.