Kylie Jenner Net Worth 2022, Biography | Career | Private Life and more
Kylie Jenner was born in Los Angeles, California, on August 10, 1997. She is the youngest child of Kris Jenner’s marriage to former Olympic athlete Bruce Jenner (who is known today as Caitlyn Jenner). Kendall Jenner, Kylie’s older sister, is a model, and her half-siblings include Kim Kardashian, Kourtney and Khloe Kardashian, and Brody Jenner.
On October 14, 2007, Kylie was only ten years old when Keeping Up with the Kardashians premiered on E! The KUWTK reality show is now the longest-running in the United States. Kylie was a regular pre-teen who went to school and was a member of the cheerleading team during the early years of the show. She dropped out of traditional school in 2012 and started attending a home-school educational program. In July 2015, she received her high school diploma.
Early Career Achievements and Endorsements
Kylie Jenner’s modeling career took off after she was featured in the Sears clothing line “Crush Your Style.” She has also appeared in photo shoots for magazines such as OK! Magazine and Teen Vogue. Kylie Jenner made her runway debut in September 2011 at New York Fashion Week. The family members were in the front row, cheering on their little sister during the tense moment.
She was nervous, but she didn’t show it as she strutted down the runway in a black ballerina-style dress by Abbey Dawn. Jenner, like her older sister Kendall, landed modeling gigs for a variety of companies, including Australian swimwear designer White Sands. Jenner and her big sister were featured in People magazine’s beautiful people issue in 2010.
Kylie Jenner and Kendall Jenner hosted red carpet events in Los Angeles for Glee: The 3D Concert Movie and The Twilight Saga: Breaking Dawn – Part 1. They also spoke in the Bing Box at the premiere of The Hunger Games on March 12, 2012. Kylie and Kendall each received $100,000 in 2013 to endorse the Nicole by OPI nail lacquer line.
Kylie and Kendall also released Rebels: City of Indra, a science fiction novel about two girls with superpowers who embark on a journey. Kylie made her acting debut in a promo for the 2014 Much Music Video Awards, which she and Kendall co-hosted.
Kylie debuted a line of handbags for Steve Madden in 2014. She was named a Nip + Fab brand ambassador in March 2015. Kylie and Kendall collaborated with British fashion retailer Topshop to launch a clothing line in June 2015. Kylie Jenner was named the new face of PUMA in 2016. Kylie launched a sunglasses line with the Australian company Quay Australia in 2017.
Kylie began dating rapper Travis Scott in 2017. In February 2018, they welcomed a daughter. They began living apart in the middle of 2019. Between 2014 and 2017, she was in a relationship with rapper Tyga.
Expenses Per Month
A source close to Kris Jenner has revealed that Kyle spends $300,000 per month on clothes for herself and her daughter. She is also said to spend $300,000 to $400,000 per MONTH on car payments and security. The previously mentioned properties were purchased for a total of $80 million in multiple transactions. Her annual property tax bill in California is approximately 1% of the purchase price. That means Kylie owes the state of California around $800,000 in property taxes per year, or about $67k per month.
Sale of Coty
All of this isn’t to say Kylie didn’t make a fortune from her sale to Coty. In their retraction, Forbes also stated that Kylie did not own a full 100 percent at the time of sale. Kris Jenner appears to have owned at least 10% of the company. Kylie sold half of her 90 percent stake for $1.2 billion. If the deal had been all-cash, Kylie would have received approximately $340 million in post-tax cash while still owning a 45 percent paper stake in the brand.
Unfortunately for Kylie and Coty, the sale has had a negative impact on the parent company’s stock price. Coty’s stock dropped 60% in the six months following the deal, owing in part to the news that the company overpaid for Kylie Cosmetics and will have to write down the brand’s value. That will almost certainly reduce Kylie’s remaining 45 percent’s paper value. Here is a chart of Coty stock from May 2019 to May 2020:
Take note of the dot on the graph for November 18, 2019. That was the day Kylie Jenner went on sale. Coty’s stock was trading at $12.22. The stock lost 70% of its value over the next few months. Investors value the company at $2.8 billion today.
That is the total combined value of dozens of brands, including Kylie Cosmetics, which, as previously stated, was most likely never worth anywhere near $1.2 billion. Coty will almost certainly have to write off a large portion of the Kylie brand soon, rendering Jenner’s remaining 45 percent stake worthless.
Cosmetics by Kylie Jenner
Kylie’s massive personal fortune stems from her cosmetics empire. In August 2015, she released her first product, a lipstick line. The “Kylie Lip Kit” was an immediate hit. In September 2015, she released a personalized website and app.
Kylie Jenner Assset | Real Estate
The youngest Kardashian-Jenner sister has bought and sold a number of homes in Southern California over the years. She now owns at least FIVE mansions in Southern California. Her current primary residence is an eight-bedroom, eleven-bathroom Cape Code style mansion in Hidden Hills, California, which she purchased in 2016 for $12 million. The 13,000-square-foot house has eight bedrooms and eleven bathrooms.
Kylie and Travis Scott co-purchased a home in Beverly Hills, California for $13.45 million in October 2018. Kylie paid $3.25 million in February 2019 for an undeveloped plot of land in La Quinta, California, within the exclusive Madison Club gated community, where several of her family members also own homes.
Kylie paid $36.5 million in April 2020 for a mansion in Holmby Hills, California. Kylie paid $15 million in May 2020 for a vacant lot in Hidden Hills, California. She then commissioned renowned architect Richard Landry to design an 18,000-square-foot mansion for her.
Climate Criminal + Private Jet
Kylie reportedly spent $72 million on a private jet from Global Express. She hasn’t been afraid to use the jet, even for absurdly short flights. Kylie earned the moniker “Climate Criminal” in July 2022 after it was revealed that she had used her private jet to fly from Van Nuys to Camarillo, California, a trip that could have taken a half hour by car but only took about 12 minutes by plane.
Around the same time, she was labeled “classless” after sharing a photo of herself and boyfriend Travis Scott standing in front of two private jets with the caption “You want to take mine or yours?” on social media. Critics have been especially harsh given Kylie’s alleged image as an environmental crusader.
Kylie Jenner Net Worth 2022 is estimayed to be $900 million.
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