in November 2019 for $600 million. “The reason why I sold half my company was to have this big infrastructure to go global,” the 23-year-old reality star revealed in her Inside Kylie Cosmetics Part Three: Kylie 2.0 Youtube video, which was released on Thursday, July 15.
If you don't know, in November of 2019, Kylie announced that she has sold a majority stake (51%) of her company Kylie Cosmetics to Coty. Click inside to see why Kylie Jenner sold half her company...
So when the youngest of the clan, Kylie Jenner, sold 51% of her Kylie Cosmetics to beauty giant Coty in a deal valued at $1.2 billion this January, it was a watershed moment for the family.
The Sun speculates that Kylie Cosmetics may lose millions due to lost business partnerships, and reports that a source says momager Kris Jenner is in 'crisis mode. '
Although Jenner herself is no longer the primary shareholder of Kylie Cosmetics—she sold her 51 percent stake to major beauty brand Coty for a cool $600 million in 2019—she continues to serve as the face of the brand.
Anna von Bayern, Princess of Bavaria, is the new CEO of Kylie Cosmetics and KKW Beauty. As CEO, she'll liaise between the Kardashian-Jenners and their corporate stakeholder, Coty Inc.
Who is the richest Kardashian? As of July 2021, it's Kim with a cool $1.4 billion to her name. She's followed by youngest sis Kylie with $700 million, but then it's a big step down to the rest of their relatives.
Kylie Cosmetics is back! The record-breaking beauty brand by Kylie Jenner quietly disappeared a few months ago, leaving fans wondering what was coming next. After weeks of teasing, the wait is over: today, all-new products, with upgraded formulas and packaging, are available to shop on kyliecosmetics.com.
Unlike her sister, Kim Kardashian has achieved billionaire status -- a whopping $1.4 billion.
Travis Scott – US$38 million
Forbes estimated that he makes about US$10 million a year or so with Nike. Other big partnerships for him included McDonald's at US$20 million and PlayStation valued at at least US$1 million.
During the livestream, Jenner stated that her reason for relaunching was that, “It was kind of always in the plan. It's just important to move in the clean and vegan world.” She added, “There's just been so much newness out there. Doing this revamp and kind of elevating was the best thing for right now.”
According to Forbes, Jenner has trademarked almost 130 brand names, including “Kylie Hair” and “Kylie Fragrance.” She explained to Playboy in 2019 that she enjoys starting businesses and wanted to have names ready whenever she wants to create a new brand.
In addition to 23.8 percent in federal taxes, Greenwald and Charron said, Jenner will also have to pay state taxes of, at the most, 13.3 percent. That brings total likely taxes for Jenner to 37.1 percent, or $222.6 million.
However, Kylie's lip kits remain wildly popular, selling out on her website within minutes at each weekly launch and being auctioned off for resale prices of $50 to $100.
Birthing a whole new team, manufacturing, fulfillment etc. separate from my cosmetics line was challenging but here we are! I got the best of the best for you guys! All of my formulas are cruelty-free, vegan, gluten-free, paraben and sulfate free.
Back in March 2021, West's Yeezy deal with Gap was set at $970million (£697million), reportedly bringing the rapper's net worth up to an estimated $6.6 billion (£4.7billion). It came after West was revealed to sit only behind Jay-Z as the world's richest rapper.
Prince George Alexander Louis, the world's richest kid has an estimated net worth of $3 billion. He is the son of Prince William, Duke of Cambridge, and Catherine, Duchess of Cambridge.
Kylie Cosmetics, which she founded in 2014, has become the primary source of her income. In 2019, she sold a 51% stake of Kylie Cosmetics to Coty Inc. for $600 million. Many brand endorsement deals such as PacSun and Puma (PUMA) also add wealth to her portfolio.
“Cozy,” says Jenner and laughs. A year ago, Coty named Kris Jenner chief executive officer of Kylie Cosmetics after buying a 51 percent stake in the brand for $600 million in 2019.
Kim Kardashian is changing things up with her KKW Beauty brand. The reality TV star-turned-entrepreneur revealed on Instagram on Tuesday that she is shutting down her cosmetics brand on Aug. 1 and will be rebranding.
Kylie Cosmetics manufacturer, Seed Beauty, has filed a lawsuit against Coty, and King Kylie, the LLC behind Kylie Cosmetics, due to alleged misappropriation of trade secrets.
Kylie Jenner has revamped her makeup line with new formulations that cater to the growing demand for clean beauty products.